A tax-free savings account inherited from a spouse is subject to special treatment. Here’s how it may impact the surviving spouse’s TFSA contribution room.

The Canadian equity market will continue building on its strength from 2024 despite lingering political uncertainties, ...

On April 1, 2023, Questrade became the first company to launch an FHSA in Canada. Since then, more than 20 other financial institutions, including all of Canada’s Big Six banks, have launched ...

We think there’s just enough of the election-fuelled “sugar high” in the markets that both the Canadian and American stock ...

With the cost of tuition and books—not to mention rent, food and transportation—Canadian students bear a significant economic burden. Plus, they want transfers from the Bank of Mom & Dad to be ...

A minor child is a person who hasn’t reached the age of majority in the province or territory where they live. Learn more in the MoneySense Glossary. A minor child in Canada is a child under the ...

A Labour Market Impact Assessment (LMIA) is a document that Canadian employers may need before hiring a temporary foreign worker. Learn more. There is a need for a foreign worker for the job in ...

For 2025, income tax brackets are increasing by 2.7% in the new year to prevent higher prices from pushing Canadians into ...

Having an online CRA account makes it easier to manage your income taxes and government benefits at tax time and year-round.

Foreign nationals need a work permit to work legally in Canada. Learn about the different types of work permits in the MoneySense Glossary. Employer-specific work permit: These permits restrict ...