Stephen Poloz will be Next Bank of Canada Governor
It was yesterday that Finance Minister Jim Flaherty announced that after “an exhaustive domestic and international search,” a new Bank of Canada Governor has been found. But it’s not who everyone thought it would be. Predictions made early called for Tiff Macklem, senior deputy governor, to take over the job. Poloz, 57, is the current…
Read moreWhat Happens if You Don’t Pay Your Taxes
Long jail sentences. A record that will follow you for the rest of your life. And at the very least, being faced with an audit by the CRA. All of these are just some of the things that can happen to you if and when you don’t pay your taxes. Or at least, they’re things…
Read moreO’Leary’s Open for Business; Would you let him Handle Your Mortgage?
It was back in November that Kevin O’Leary, known around Canada for being a financial guru, but even more as the greedy dragon of the bunch on the television show Dragon’s Den, said that he was going to start his own mortgage business. Already having a mutual fund company and a winery, why not take on…
Read moreThe Difference between Secured and Prepaid Credit Cards
If you’re like many Canadians, and currently trying to pay down your debt and clean up your credit as fast as possible, you may have heard that getting a credit card is a great idea, and a great way to do it. But if you already have bad credit, the chances that a bank or…
Read moreHow Small Details Can be So Important in Real Estate Deals
It’s a lesson that one Toronto buyer recently learned a very hard way. When you’re involved in a real estate transaction, especially one that becomes tricky at some point along the way, it never hurts to double check, and then triple check. And then check again. Because when you don’t, it could end up costing…
Read moreThe Biggest Tax Return Mistakes Made Every Year, and How to Avoid Them
It’s tax day, and as we said this morning, that means a lot of people around the country are going to be late in filing their taxes this year. But even if that’s the case for you, don’t be so hasty in your rush to file them that you make some of these most common…
Read moreHappy Tax Day! Here are Some Tips for those Late Filers
Today is the deadline to get your income tax returns into the Canadian government and that means only one thing – there are a bunch of people who are scolding themselves for once again not getting their taxes in on time. If you fall into that group and you’re about to go scurrying off to…
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