CALGARY – With Canada’s already-hot rental market expected to come under even more pressure in 2023, experts say tenants should guard against “renoviction” by educating themselves about their rights. The term renoviction is used to describe a situation when a landlord cites the need for major renovations as the reason behind an eviction. While most […]
Category Archives: Finance
I give to charity. How can I make the most of the tax advantages? | 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”},{“text”:”Each province also offers its own tax credits, in addition to federal incentives. In Ontario, for instance, the tax credit rate for the first $200 of donations is 5.05 per cent, and 11.16 per cent for donations greater […]
You and your love don’t have to become another separation or divorce statistic. You simply need to find a way to respectfully communicate with each other about money — and follow these six steps to better finances in 2023. Get on the same page Do you and your partner have a clear idea of where […]
Malik, 32, dreams of owning property in the Rockies. He’s a producer living in Toronto’s entertainment district, making $60,000 a year before tax, and the rising cost of living and inflation has pushed his monthly rent up to $1,900. “My dream home is a hybrid of a cottage or a year-round home in an area […]
#GTAHomeHunt is a weekly series from the Star that gets into the details of real estate listings in Toronto and the Greater Toronto Area. Have a tip? Email us at social@torstar.ca Price: $799,900 Neighbourhood: Entertainment District X-factor: This stylish, modern, two-bedroom, one-bathroom corner loft near Lake Ontario at 36 Charlotte Street has floor-to-ceiling windows, an […]
You shouldn’t hire just anyone to manage your investments. Use this framework and these questions to interview investment professionals (including digital providers) before you commit. Background What is your background, credentials, and who are you governed by? Designations may mean that your adviser adheres to certain ethical codes while education and experience in the industry […]
Mustafa Sheriff is 26 years old. He owns four properties in the GTA — plus two in cottage country — and he has a simple message for other millennials who are losing hope of ever owing a home in Toronto’s red-hot housing market. You can, and sooner than you might think. Lowering expectations was just […]
#MakeItMakeSense is a weekly series from the Star that breaks down personal finance questions to help young Canadians gain more confidence and understanding around financial literacy. This week, we tackle some of our readers’ burning questions, from what happens to losses in a Tax Free Savings Account (TFSA) to how to choose where you put […]
Millennial Money is a weekly submission-based series that provides financial advice to millennials. Read the full series here. It’s officially the third calendar year of the pandemic, and with restrictions easing, Peter, 30, is anxious to get on a plane to Colombia. “My grandmother is turning 91, and has gotten very weak,” said Peter, a […]
So, you’re allergic to spreadsheets, calculators and trackers. It’s OK. Plenty of people find these tools intimidating and don’t budget at all. But, it doesn’t need to be that way. You can still budget effectively following the 50/30/20 Rule. The rule has been around in various forms for years, but U.S. Sen. Elizabeth Warren popularized […]