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Canadian expat tax guide: “If I work abroad, where do I pay taxes?”—and other questions answered

And don’t forget: Canadian healthcare coverage eventually expires for expats. According to the CRA, your provincial health plan might cover some of your...

When and how should I start drawing on my retirement savings?

To best answer your question about registered retirement savings plan (RRSP) and registered retirement income fund (RRIF) withdrawal strategies, I have modelled your...

“Can I get scammed through an e-transfer?”—and other questions about protecting yourself from fraud

Sometimes the fraud is sneakier—although who can be blamed for wanting to pay a bill? For Daria, she and six friends paid Bailey,...

How to protect yourself from identity fraud in Canada

What we do know, however, is the type of fraud reported most often in Canada in 2024: identity fraud. To pull this off,...

Why are mortgages so expensive in Canada?

CityJanuary average home price February average home price  Changein home pricesJanuary mortgage payment February mortgage payment Change in paymentsJanuary income requiredFebruary income required Change in come Hamilton$819,500$812,600-$6,900$4,294$4,194-$100$174,450$171,000-$3,450Toronto$1,070,100$1,073,900$3,800$5,607$5,543-$64$223,290$221,200-$2,090Vancouver$1,174,400$1,185,100$10,700$6,153$6,117-$36$243,600$242,600-$1,000Calgary$573,100$576,800$3,700$3,003$2,977-$26$126,470$125,700-$770Victoria$870,100$878,700$8,600$4,559$4,535-$24$184,300$183,700-$600Regina$316,300$317,700$1,400$1,657$1,640-$17$76,470$75,910-$560St. John’s$367,600$371,300$3,700$1,926$1,916-$10$86,450$86,210-$240Ottawa$649,900$658,300$8,400$3,405$3,398-$7$141,420$141,340-$80Winnipeg$363,200$373,700$10,500$1,903$1,929$26$85,600$86,670$1,070Montreal$549,900$562,300$12,400$2,881$2,902$21$121,950$122,900$950Edmonton$412,200$421,800$9,600$2,160$2,177$17$95,150$95,910$760Halifax$550,500$561,400$10,900$2,884$2,898$14$122,070$122,730$660Fredericton$338,800$343,800$5,000$1,775$1,775$0$80,850$80,920$70 ...

How to protect yourself from CRA phone scams

Scammers demand payment via e-Transfer or with unusual methods such as prepaid credit cards, gift cards or crypto. They also pressure the target...

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