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Things You Need to Know about th

The Family Tax Credit announced by Prime Minister Stephen Harper on 30th October 2014 is a refined version of his election promises made during 2011. This scheme has measures for Canadian families to help make life more affordable. With this

You May be Penalised for Your Sa

Canadians who have savings in their banks have been experiencing turbulent times in their finances due to the incessant decline in the interest rate on their savings. The returns on their savings accounts, Government bonds, guaranteed investment certificates, etc., are

Credit Card Chargebacks and How

A credit card chargeback is a procedure through which a Credit Card Holder (CCH) can request his Credit Card-issuing Bank (CCB) for a transaction reversal. It is not a very popular procedure yet but with the little time that it

How a Bad Credit Score can Affec

In days gone by, having a bad credit score only meant that you would find it difficult to get new loans sanctioned. But time shave changed. Now with your credit history available digitally, every other company runs a check on

Canadian Real Estate Market: Bew

The Real Estate business is a money spinner. Real Estate service is one of those businesses where you can make money with least investment. But since it is not a high quantity business, making the most of a close deal

Reverse Mortgage – Boon fo

Reverse Mortgaging allows those who are 62 years or older to convert their home equity into cash without having to pay any additional amount. This enables the aged to pay for their healthcare and other expenses, get a better retirement

The Oil Market Crash About to Se

Oil has become the silent killer in recent times. Unlike in ancient times when it was the wealth of gold and other such commodities that gave power to kingdoms, after the advent of industrialisation and related developments, Oil gradually became

Canadian Intra- Company Transfer

Intra Company Transfer (ICT) is a process through which one company sends its professional to another branch of the same company for a specific period. The Citizenship and Immigration Canada (CIC) recently announced that it had made significant changes to

Alberta’s Real Estate Slowdown

With the economy on a slowdown after the fall in crude oil prices the Canadian real estate market is facing a possible crash starting from Alberta. The scenario is all the more volatile as the real estate market is 30%

How Splitting Income with Spouse

Canada has a progressive tax system, thus the more you earn, the more tax you pay. To avoid paying higher rate of tax on your earnings, you can split income and shift some of your income to your wife if