Descrease article font size Increase article font size After a search that spanned throughout the course of nearly one year, a crab fisherman from New Brunswick has claimed the largest lottery prize ever won in Atlantic Canada — $64-million dollars — just 19 days before the ticket was set to expire. Merel Chiasson of Bas-Caraquet
Some Canadians who opened a first home savings account (FHSA) in 2023 have faced delays getting their tax return processed by the Canada Revenue Agency, a government spokesperson confirmed to Motorcycle accident toronto today. Multiple users posting on Reddit earlier this week reported delays of three weeks or more in getting their notices of assessment from the
If you’re part of a joint bank account or have co-signed a mortgage, you might be part of something called a “bare trust” agreement that many Canadians will have to file a tax return for in the coming weeks. Bare trusts aren’t new, but this year is the first time the arrangements must be filed
A long-promised revolution in banking is headed to Canada, but you might not notice when it arrives. Change is in the works that will give Canadian consumers and businesses significantly more control over their financial data, including who they share it with, in what’s known as open banking.The federal government has promised framework legislation in next
Nearly a third of Canadians are considering buying a home with others, renting out a secondary unit and other “non-traditional” paths to ownership amid ongoing affordability barriers in the housing market, a new poll released Tuesday suggests. Re/Max Canada published the results of a poll conducted by Leger in late 2023 that surveyed Canadians on
Higher interest rates and resilient home prices mean most Canadians are getting less for their homes at the $1-million benchmark, according to a new Royal LePage report. The analysis comes as would-be homebuyers continue to struggle with housing affordability, which market watchers say worsened again at the end of last year.Royal LePage released a study
With the contribution deadline for the registered retirement savings plan (RRSP) approaching, Canadians have more choices than ever for where they want to sock away their savings to get a lift on their tax returns. While prospective homeowners may be weighing the pros and cons of an RRSP over tax-deductible contributions to the relatively new
The chief executive of Rogers Communications Inc. dismissed analyst concerns about wireless customers leaving the carrier, saying the company was focused on its premium brand where performance was stronger. Speaking Thursday on the company’s fourth-quarter earnings call, Rogers CEO Tony Staffieri said there was a “heightened level of what I would call promotional activity in
Canadians hoping to retire in the coming years are still feeling like their finances won’t stretch far enough despite recent easing on inflation, a new report finds. Retirement experts say that’s pushing many Canadians to rely on the support of family or make lifestyle changes as health complications add to the financial burden.A report released
As the Bank of Canada prepares to make its first interest rate decision of the year on Wednesday, economists say headwinds in the “last mile” of the inflation fight will serve as a final hurdle before rate cuts can begin. Inflation has cooled significantly from highs of 8.1 per cent in the summer of 2022