Freedom 58? How Canadians are shaving thousands off the cost of their mortgage

July 21, 2014

TORONTO – CA new survey says Canadians, on average, expect to be mortgage-free by age 58, one year later than in a similar poll a year ago. But the survey, conducted for CIBC by Angus Reid, found some big discrepancies across the country. For example, homeowners in British Columbia thought they wouldn’t be able to [...]

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Give your intellect a little exercise

July 21, 2014

By Lakshmi Gandhi, Metro World News From site to skill. Beat summer brain drain with these five sites that will help you to use your cranium Hazy, hot and humid summer afternoons have often been used as the perfect excuse to procrastinate. But summer can be a great time to learn a new skill. Here [...]

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Canadian spy agency collects personal info in name of cyberdefence

May 29, 2014

By Jim Bronskill Privacy. Data, including names, email addresses, may be kept for 30 years OTTAWA – Canada’s electronic spy agency says it gathers and sometimes keeps personal information — including names and email addresses of Canadians — as part of efforts to protect vital networks from cyberattacks. Communications Security Establishment Canada maintains an information [...]

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Ottawa Public servants facing more job cuts

April 24, 2014

By Jessie Archambault Almost 9,000 more public service jobs will be cut in the next three years, according to a recent report by the Parliamentary Budget Officer. More than 20,000 full-time jobs have already been cut since 2010. By 2017, the total population of civil servants in Canada will drop its lowest numbers in seven [...]

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We’re No. 1 in job growth!

April 24, 2014

Well, Canada is actually more like No. 5, says OECD OTTAWA – Finance Minister Joe Oliver and his predecessor have been fond of trumpeting Canada’s economic and job creation performance since the recession, claiming it is unequalled among the Group of Seven large industrialized nations. The minister made the boast again this week in a [...]

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New tax deal allows CRA to collect bank info linked to U.S. residents

February 12, 2014

OTTAWA – A new deal with the United States over an American law aimed at rooting out tax cheats north of the border will ensure that Canadian financial institutions won’t be required to report directly to American tax authorities, Finance Minister Jim Flaherty announced Wednesday. The U.S. Foreign Account Tax Compliance Act, which takes effect [...]

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Seven arrested in alleged Canada Revenue Agency fraud

February 12, 2014

MONTREAL – The RCMP has arrested seven people as part of alleged fraud that involved some Canada Revenue Agency employees. Charges laid include bribery of public officers, conspiracy, fraud, breach of trust by a public officer and fraud against the government. Five of the accused allegedly received commissions on tax credits that were obtained through [...]

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TFSAs offer versatility

February 11, 2014

by YLVA VAN BURREN For Metro – Tues, 11 Feb, 2014 Since it was introduced in 2009, the tax-free savings account (TFSA) has changed the complexion of financial planning, says Anthony Williams, vice-president of academic affairs with The Canadian Institute of Financial Planning. “You can use it for any purpose … short term, long term, [...]

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The big mistake in ‘managing’ debt

January 20, 2014

by Dale Jackson Balance Sheet – Thu, 16 Jan, 2014 3:36 PM EST It’s a profound thing that RRSP season comes right after holiday-bill season. As Canadians get set to deal with an average $28,000 in consumer debt, the finance industry launches an onslaught of ads telling us we’re richer than we think. They know [...]

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Tips to make working from home work

September 12, 2013

by MEGHAN GREAVES TalentEgg .ca One of the greatest advantages for gen Ys entering the workforce is the increase in alternative, more flexible office environments. Working from home is one of the biggest trends companies are incorporating into their corporate culture. There are many perks to working from home: no commute, travel expenses, or dress [...]

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