The data was just released a few days ago. Enjoy. I'm losing this race, dropping in percentile. Income Explorer, 2021 Census This interactive chart is comprised of two visualizations to show statistics of selected income sources by various characteristics and geographies. www12.statcan.gc.ca ..read more

A friend has asked me about this “last to die insurance “ to protect against taxes upon death. We don’t have it but I’m wondering what the community thinks about it. She said it costs about 10k per year until death but didn’t say how much it pays out. Thoughts ..read more

For me, it looks like the 2023 NOA isn't showing the new 2024 RRSP deduction and contribution limits based on updated calcs from the 2023 tax submission? And there's a section in the CRA website called 'savings and pension plans' which shows a document for your RRSP limits, but it is only showing last year's on there right now. We got the NOAs and refunds over a week ago and still no RRSP document confirming what the new limits are... I guess I'll just have to use the calculations that my... 2024 RRSP Limits not on NOA or Showing Up ..read more

Maybe it's my anti-Trudeau bent, but can anyone remember such high profile people complaining about the federal governments fiscal plans? Dodge was pretty clear. Even the CURRENT non partisan BoC Governor is openly saying that the governments fiscal policy is a factor, yes this is obvious, but normally non-partisan positions like this don't make these comments. Is the general population cluing in that this Trudeau Government is a financial disaster yet? Do they care or is it #yolo ..read more

Hello All, I am going to Dubai for a trip and needed to convert CAD to AED. There are different currency exchange places to my knowledge but I went with td bank (my main bank). I wanted $1000 AED. So I used their currency converter and it came up to $405 CAD was needed to get $1000 AED. They took the $405 CAD from my account and the converted money showed up at my local td branch in a week. I just wanted to review if there was a better way to do this or a cheaper option. What I noticed... Currency Exchange info ..read more

My wife and I both received a letter in the mail regarding a Shareholder Settlement TD Bank Canadian Shareholder Settlement All persons and entities who purchased securities of the Toronto-Dominion Bank on or after December 3, 2015 and held all or some of those securities until after the close of trading on March 9, 2017. Important Deadlines Objection Deadline: November 15, 2023 Claim Deadline: May 13, 2024 -- To submit a claim, they say to go to... TD Bank Canadian Shareholder Settlement ..read more

https://www.thestar.com/business/op...cle_d031ef6a-f1d5-11ee-a44f-33a8e47fe95a.html Above link is free for the moment. Basically it says you need (even for financial superstars or in the example at the end of the article, sports superstars like Tom Brady) a "coach". So my main question (with one to follow) is - does financial coaches who coaches others get their own coach? Then who is the "real"... To get a coach or not to get a coach ..read more

Does anyone know of a situation where the executor was the bank as named in the will? Was it a good situation and estate concluded well? For an assigned bank trust staff person, that person still has to contact family member for cancelling ID's and whole pile of other stuff. So far, what I can see, there is that practicality where someone in the family needs to be a central contact point. I realize even for simplest probate and closing estate /filing, payments, etc. can take on average 2 yrs ..read more

Hey Guys, I'm looking at our RESP and wondering what the rules are for making a non educational withdrawal of the contribution amount? Would we loose the grant or growth amount? I've been told a few different things... and not all of the info is 100% clear. I don't want to close the account or take out any growth or grant amounts. We've had 1 of our 3 kids go through school. All are above 18 now. We do have a bit of room in TFSA that I was thinking about using to keep it tax sheltered... Non Educational RESP Withdrawl ..read more

Hello, here is my situation: I am a senior who lives in Toronto (which is my primary residence). My father-in-law had a townhouse in Northern Ontario, which was his primary residence for many years. The townhouse was destroyed by a neighbouring house fire and is now vacant land/empty lot. My father-in-law was then forced to move into a rental property, and eventually into a senior living home where he later passed away. The City where this townhouse is located, is willing to now... Will I be charged capital gains on a vacant lot I inherited ..read more