Finance News
The New Canada Dental Benefit: Your Guide To Eligibility And Payments
The federal government opened applications for the Canada Dental Benefit on December 1, 2022. Eligible parents can now receive tax-free annual funding to help cover any dental expenses that are paid out-of-pocket for the next 2 years. Tooth decay is one of the most...
Should you collect CPP and OAS while working in your 60s?
Collecting CPP and OAS while working in your 60s You can begin your Canada Pension Plan (CPP) pension as early as age 60 or as late as age 70, Simon. At age 65, you generally need 39 years of maximum contributions to receive the maximum CPP retirement pension. Given...
Canada’s best credit cards for gas
Find your next credit card* See cards tailored for you from over 12 banks and card issuers No impact to your credit score Get an answer in under 60 seconds You will be leaving MoneySense. Just close the tab to return. The best credit cards for gas in Canada Credit...
Canada’s Climate Action Incentive Payment Program – What You Need To Know
Are you aware of how Canada’s climate action incentive payment can provide you with cold, hard cash? If this is the first you’re hearing of it, you might want to take notes. It’s essentially a carbon tax rebate, and it could mean extra money in your...
How Much Is Nunavut Minimum Wage? Why Canada’s North Has Higher Wages
Since 2020, Canadians from coast to coast have experienced inflation rates that are significantly higher than normal. This has placed minimum wage under scrutiny as governments face pressure to help workers handle the increased cost of living. Nunavut minimum wage is...
Compare the best GIC rates in Canada 2022
In addition to the payout schedule, you’ll want to understand how interest is compounded for the GIC you’re considering. With simple interest, the bank pays interest on the initial principal only. This means that if you invested $100,000 into a two-year GIC with a...
Making sense of the markets this week: December 4, 2022
This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors. What a week—the wrap It’s rate-hike hiatus déjà-vu all over again. In a replay from my column last week, the U.S. Federal Reserve...
The Scotiabank MomentumPLUS Savings Account Rates Explained
This post is sponsored by Scotiabank. All views and opinions expressed represent mine and are based on my own research of the subject matter. Do you want to be rewarded for parking your money? The could be your ticket to earning money from patience alone. That is,...
What Is Northwest Territories Minimum Wage? How Remote Living Affects Wages
Minimum wage is the lowest wage an employer can legally pay an employee for the work they do. In the Northwest Territories, minimum wage is $15.20 per hour. For many, the stunning views and low population density make Northwest Territories a wonderful place to live....
What Is Minimum Wage In Yukon? Information For Yukon Workers
The Yukon minimum wage is currently set at $15.70 per hour. This rate is tied directly to the 2021 Consumer Price Index (CPI) of the territory’s capital city, Whitehorse. Increasing minimum wage helps improve everyday affordability for Yukoners because it’s the least...
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Melinda is a research journalist working performing her duties as chief editor at this news station. She is a talented writer and comes up with facts everybody wants to know.
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