During the height of the real estate frenzy during the pandemic Briand Melanson felt like superman. The variable rate mortgage on his primary and investment properties reached historic lows of 1.5 per cent. The monthly payment for his primary residence sat at around $730 (he bought it in the 2010) and his rental property payments […]
Category Archives: Finance
You’re done your shopping. You were smart about it. Yet for some reason you have that nagging feeling you’ve forgotten someone, something. Back online you go for just a few “backup” gifts. You hop in the car and blaze your way to the liquor store for a few more bottles of wine — those are […]
Nathan has a spending problem. The 31-year-old ad agency co-ordinator earns $52,000 a year, and his love for partying and going out has put him $10,000 in credit card debt. “After being cooped up in the pandemic I just want to let off some steam,” Nathan says. “Everything is stressful, everything is expensive. Work is […]
MONTREAL – Marissa Myers has been shopping almost exclusively at second-hand stores for the past three years. The 24-year-old sales associate at a non-profit consignment store in Calgary grew up shopping second-hand and is a self-proclaimed “avid thrifter.” “There’s absolutely no way that I can justify shopping new and retail when there’s already so many […]
TORONTO – When Canadians soon gather with loved ones for holiday meals, there will be an unwelcome guest at the dinner table: decades-high inflation. The measure of how much prices have increased shows grocery bills rose by 11 per cent over the last year alone. “It’s crazy, like you need a mortgage to go to […]
Carmen and her boyfriend want to get married but don’t know if they can afford the wedding they want. The 28-year-old graphic designer and her future husband split the rent for their downtown Toronto apartment and have a combined annual income of $140,000. “We come from big families and he wants a bigger wedding, around […]
This copy is for your personal non-commercial use only. To order presentation-ready copies of Toronto Star content for distribution to colleagues, clients or customers, or inquire about permissions/licensing, please go to: www.TorontoStarReprints.com Read the full story here: Tax changes you need to know about before filing your 2022 return Check out other Toronto Star polls […]
Having people over for a big holiday dinner this year? Be prepared for some sticker shock. Thanks to soaring inflation, putting some of your holiday favourites on the table this year is going to be substantially more expensive. There are still some ways to keep costs down, but prices are up pretty much across the […]
Tax changes you need to know about before filing your 2022 return | The Star “,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”iframe”,”internalScroll”:false,”displayStyle”:”small-up”},{“type”:”textBreakPoint”,”insertAt”:”contentMiddleBreakPoint”},{“text”:”And the Home Buyers’ Tax Credit, which has been around since 2009, doubled for 2022, Heath says. Previously, you could claim a maximum of $5,000 to get a 15 per cent tax rebate, or $750. That has doubled for 2022 […]
MONTREAL – While enrolled in university, Eloho Orogun was approached on campus to apply for a $500 student credit card, advertised as a means to improve his credit score. Met with a self-described shopping problem, it was not long before Orogun opened a second student card with a larger limit. “The more money I had, […]