Personal Finance
Personal Finance

Canadians are tuning out real tax agents because of CRA phone scammers

Posted on 29 November 2018

OTTAWA — The Canada Revenue Agency says so many Canadians get calls from scammers pretending to be tax enforcers that real tax agents are having trouble reaching people. The CRA and the RCMP say in a briefing in Ottawa Wednesday that they are trying to crack down on call centres loaded with fraudsters who phone Canadians, say they owe back taxes, and threaten they better pay the mon ...

Personal Finance

The TFSA limit is rising to $6,000: Here's why you should contribute every penny of it

Posted on 29 November 2018

It’s official. The TFSA dollar limit will be increasing to $6,000 in 2019. TFSAs have been extremely popular among millions of Canadians, many of whom will welcome the upcoming ability to sock away extra funds in their TFSAs come 2019. The TFSA was first introduced in the 2008 federal budget and became available to Canadians for the 2009 calendar year. The initial TFSA dollar limit of ...

Personal Finance

Beware of FSM Smart 'investment scam,' Quebec securities regulator warns

Posted on 29 November 2018

Quebec’s securities regulator is warning investors about an investment scam run by an illegal enterprise. FSM Smart has been calling Quebecers, claiming to offer investors “the opportunity to earn guaranteed extra income,” the Autorité des marchés financiers said in a release. “However, contrary to what they claim, the money invested through FSM Smart is not deposited in ...

Personal Finance

What You Need To Earn To Afford A Single-Family Home Across Canada

Posted on 29 November 2018

In Vancouver, you need to be in the top one per cent to buy a detached home at current prices. Home affordability has become so strained in Canada's priciest markets that if incomes don't catch up, house prices will fall, says the co-author of National Bank of Canada's latest home affordability report. The data for the third quarter of this year show the costs of owning a home rose in ni ...

Personal Finance

'Resident of nowhere': Quebec student denied loans by two provinces

Posted on 29 November 2018

Emma Austin says the province should have notified students about its change to loan eligibility A change to Quebec's student loan rules is causing a stressful start to the semester for a Concordia University undergraduate. Emma Austin has spent the last three years pursuing a degree in sociology part-time. This year, she enrolled as a full-time student, assuming a student loan would help ...

Personal Finance

Top 10 stolen cars – Thefts on the rise in Quebec!

Posted on 29 November 2018

Top 10 stolen cars – The experience of having your vehicle stolen is something every car owner would hope never happens to them, let alone happen more than one time. Although the frequency of vehicle theft has been on the decline in recent years, the opposite occurred in Quebec during the period between 2016 and 2017. According to statistics published by the Groupement des assureurs au ...