Personal Investor: How does your mobile bank measure up?
A recent evaluation of mobile banking has revealed that the Bank of Nova Scotia takes the top spot, while credit unions still lag behind their larger counterparts. Surprisingly, TD Canada Trust, once a leader in the mobile bank industry has slipped down in rankings to 17th place. The list of the other top 16 banks […]
Read MoreCould your loved ones figure out your finances if you died?
You might gain a great deal by having several investment accounts, but if you were to suddenly pass away, your family might not benefit from your careful investing. While it isn’t a topic we like to consider, it’s important to plan for and ensure that your family can find and make sense of all the […]
Read MoreWhat should young Ellis do with a $500,000 inheritance?
A young engineer-in-training, who has no credit card debt or student-loan debt, questions what to do with a recent $500,000 dollar inheritance. A sound philosophy for the money is to use the rule of thirds. One-third to investing for the future, one third towards paying back the past by purchasing property and the final third […]
Read MoreStartup pension option could save small-business owners, workers from worry
Currently, the gap between how much Canadians need to save for retirement vs what they are actually saving is $3 trillion. This number is expected to rise to $15 trillion by 2050. One of the reasons is that 70 percent of Canadian workers (up to 90 percent in the private sector) are working without a […]
Read MoreCanadians Shopping In The US To Pay A New Tax For Going Over Their Spending Limits
Beware frequent border shoppers. Canada is imposing a new surtax on goods purchased in the United States, and brought back into Canada. It is based on how long shoppers were in the U.S., and how much they purchased. This new tax is in addition to the tariffs American president Trump has recently levied. The Canadian […]
Read MoreRates are rising and I am rethinking all my money decisions
Rising interest rates have caused some to rethink how they plan to spend, invest and save going forward. After many years of low interest rates, the strategies that worked well in the past, like variable mortgage rates, should be re-examined. Previously, the only way to earn a decent interest rate was to invest in financial […]
Read MoreWhat to know about owning a cottage with friends or family
As vacation property prices rise, co-ownership of vacation properties is becoming more common. Before purchasing a property, you should have a valid legal agreement drawn up regardless of whether you are entering into the deal with family members or friends. The agreement should cover areas like transferring the property, exit strategies, dividing time spent at […]
Read MoreHighest, lowest real estate transfer taxes across Canada (INFOGRAPHIC)
A recent study outlines the cost of land transfer tax (LTT) across Canada for first-time home buyers and repeat buyers. When purchasing a home, LTT is a tax paid upon closing, which cannot be mortgaged. Out of all the cities in Canada, Vancouver, Toronto and Victoria rank as the top three with the highest total […]
Read MoreWhat the Bank of Canada rate hike means for your mortgage and savings account
Canada’s strong economy has prompted the central bank to up its interest rate by .25, making the overall rate 1.5 percent. The quarter of a percentage point increase proved to be a cue for Canada’s other primary banking institutions, which intend to follow suit. The bump is concerning to those Canadian households with high debt […]
Read MorePersonal Investor: Bank of Canada keeps savers on the sidelines
Although the Bank of Canada just upped the interest rate to 1.5%, a nod to the stabilizing and steady-moving Canadian economic outlook, it is still lower than the inflation rate, which remains at 2.2. Because the gap remains, savers should consider their investments carefully. As the economy slowly gets stronger, it is expected that rates […]
Read MoreTax Tables
Ask Our Experts
Quadrant is dedicated to your financial success. Get expert advice and insights to grow your business and plan for your future.