The Canadian government launched the Canadian Dental Care Plan (CDCP) in 2024, aiming to improve access to affordable dental care for millions of Canadians. This program addresses the challenge of dental care costs, which often prevent individuals from seeking necessary treatment. Here’s a comprehensive guide to the CDCP, covering eligibility, benefits, application process, and key … Read more

As Benjamin Franklin famously alluded to, taxes are a fact of life, alongside death. Every year, residents of Canada are required to settle their dues with the government by filing an income tax return. This involves understanding how much tax you owe, which is determined by your taxable income and the applicable tax brackets. Canada’s … Read more

Canada, a country rich in natural resources, boasts a thriving mining industry. The Toronto Stock Exchange (TSX) is a hub for commodity companies, and copper stocks are no exception. Often overshadowed by precious metals like gold and silver, copper offers a compelling investment opportunity due to its vital role in modern technology and manufacturing. This … Read more

Penny stocks, those alluring investments priced at under $5 per share, can be a tempting proposition for Canadian investors seeking high returns. The Toronto Stock Exchange (TSX) and other Canadian exchanges offer a vast selection of penny stocks across various industries. However, before diving in, understanding the inherent risks and conducting thorough research is crucial. … Read more

In the world of online banking, Canada boasts two prominent names: Tangerine and EQ Bank. Both offer enticing features, including chequing and savings accounts, debit cards, and other financial products. But when it comes to choosing the right debit card, you might be wondering: Tangerine Visa Debit or EQ Bank Card? This comprehensive comparison dives … Read more

Your credit score is a vital number that reflects your creditworthiness. It plays a significant role in determining your eligibility for loans, mortgages, and even insurance policies. In Canada, Equifax and TransUnion are the two major credit bureaus that collect and maintain your credit information. This information is then used to calculate your credit score. … Read more

After years of saving diligently in your Registered Education Savings Plan (RESP) for your child’s post-secondary education, the time will come to start withdrawing funds. Understanding RESP withdrawal rules and strategies will ensure a smooth flow of funds for your child’s education while minimizing any tax implications. This article will explore the different types of … Read more

Retirement: a time of freedom, relaxation, and pursuing long-held dreams. But before you can trade in your work suit for swimsuits, some crucial financial planning is necessary. This pre-retirement checklist will guide you through ten essential steps to ensure a smooth transition into a worry-free retirement. 1. Paint a Picture of Your Ideal Retirement The … Read more

Deciding when to claim the Canada Pension Plan (CPP) is a crucial step for maximizing your retirement income. For many seniors, age 60 might seem like an attractive option to begin receiving these benefits. However, there are significant advantages and disadvantages to weigh before making this decision. This guide will explore the pros and cons … Read more

Navigating the complexities of government benefits after a loved one’s passing can be challenging. This article sheds light on two key programs in Canada: Old Age Security (OAS) and the Canada Pension Plan (CPP), specifically addressing the question of death benefits. Old Age Security (OAS) and Death Benefits The OAS program provides a monthly income … Read more