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May 13, 2024 | ratehub.ca | Margaret Montgomery

With notes from Penelope GrahamWhen you sell an asset like a rental property or some investment products like stocks and you make a profit, capital gains taxes apply. The federal government announced changes to the rules in the April 2024 Federal Budget that will go into effect starting June 25, 2024. Here’s what you need to know about the changes to Canadian capital gains tax rules for 2024 and whether they could apply to you.

Apr 15, 2024 | ratehub.ca | Barry Choi

After a moody winter, most Canadians will agree that summer is the best time of the year. What’s not to love about great weather, patios, and travel plans? But with all of these events going on, we naturally spend more compared to other seasons.

Mar 14, 2024 | ratehub.ca | Samantha Kohn

Is life insurance a good estate planning tool? Life insurance can be used as a strategic estate planning tool. Let’s take a look at how life insurance, through tax-deferred growth and tax-free loans and withdrawals, can enhance the value of your estate while offering financial flexibility. The cash value in whole and universal life insurance policies grows tax-deferred, which means you don't pay taxes on the growth as long as the money stays in your policy.

Mar 13, 2024 | ratehub.ca | Margaret Montgomery

I always thought I was pretty good at identifying things that are “too good to be true,” like emails from someone pretending to be my boss, asking if I can run an errand for them or wire money. Recently, however, I’ve seen things that are way too convincing; messages about promotions at stores I frequently shop at, or alerts informing me that someone has logged on to one of my accounts. I feel like it’s becoming harder to tell what’s safe to click on and what’s not.

Mar 8, 2024 | ratehub.ca | Justin da Rosa

Why we should talk about money with friendsLet’s go back to the pop culture well for a second. Everyone’s favourite group of television friends from the 1990s went out to dinner during one episode. Struggling with their own respective financial woes, Rachel, Joey, and Phoebe order meals that are both light on the stomach and the wallet. Their more gainfully employed friends, Ross, Chandler, and Monica, order more expensive seafood dishes.