Recent Changes in the 2024 Federal Budget The 2024 federal budget (Budget 2024) proposed to increase the capital gains inclusion rate for individuals, trusts, and corporations. Specifically, 66.7% of capital gains realized on or after June 25, 2024, would generally be included in income for tax purposes (this is up from 50%). To provide some relief, the budget proposed that capital gains up to $250,000 realized by an individual—either directly or indirectly through a trust or... [read more]

Welcome to our blog! Today we're going to talk about one of the biggest financial decisions of your life: buying a house. Whether you're a first-time homebuyer or you've owned several properties, there are some important questions you need to ask yourself before making a purchase. In this post, we'll go through the most crucial financial questions to ask yourself before buying a house. Can I afford it? Before you start shopping for a house, it's crucial to determine... [read more]

The Bank of Canada held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. The next scheduled date for announcing the overnight rate target is June 7, 2023. The Bank will publish its next full outlook for the economy and inflation, including risks to the projection, in the MPR on July 12, 2023. The Bank expresses its confidence that the rate of inflation,... [read more]

Welcome, dear readers, to our blog where we believe that home transformations don't need to break the bank. If you're dreaming of reviving your living space but are on a tight budget, fear not! In this article, we'll explore ten budget-friendly renovation ideas that will bring joy to your home without emptying your wallet. Let's dive in! Embrace the Power of Paint: One of the most cost-effective ways to breathe new life into any room is a fresh coat of paint. Experiment... [read more]

Hello, friends! Today, we're diving into a topic that can cause anxiety and sleepless nights for many homeowners: renewing your mortgage in a high-interest rate environment. The thought of paying more interest on your home loan can be daunting, but fear not! By following some key principles, we can navigate these challenging times and come out on top. Get ready to take control of your mortgage like a true financial warrior, Dave Ramsey style! Understand the Current... [read more]