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Inflation is the year-over-year price increase of an item or service compared to last year. To calculate the overall inflation rate in the Canadian economy, Statistics Canada measures the price changes of a basket of goods and services typically consumed by Canadians.
I’m a 55-year-old woman nearing retirement. I’m thinking about using Chat GPT for planning my long-term asset mix, but I’m worried about bias. What is your view on using generative AI (GenAI) in this context?
As a general rule, for the majority of use cases, experts suggest we use AI as a guide rather than a source of accurate responses.
As a general rule, for the majority of use cases, experts suggest we use AI as a guide rather than a source of accurate responses.
A recent visit to several local auto dealerships found salespeople pitching an assortment of sales on their vehicles, some of which had been on display for a year. High inventories of slow-selling vehicles, particularly luxury brands, appear to have made salespeople even more overzealous than usual.
The real bargains, however, appear to be in their companies’ shares.
The real bargains, however, appear to be in their companies’ shares.
Although several studies have shown that wealthier people tend to be happier, prioritizing money over all else can also be harmful. Money correlates with happiness, but only to a point.
The investment community tends to evaluate a company’s quarterly earnings based on the Earnings per Share (EPS) metrics. Companies that miss earnings expectations are usually punished hard, as investors tend to sell off the company’s share price materially.
New alternative minimum tax (AMT) provisions came into effect on January 1, 2024.
The federal government introduced AMT in 1986 to ensure high income individuals paid a fair share of tax.
The federal government introduced AMT in 1986 to ensure high income individuals paid a fair share of tax.
One of the most enjoyable parts of being a contributor to Canadian MoneySaver is interacting with fellow MoneySavers. Many are not only passionate about personal finance but also want to help others increase their level of financial understanding.
It was a dark and stormy night...
The crack of the COVID bullwhip could still be heard and felt echoing down Bay Street.
Restaurants and clubs, once flourishing, now were boarding up the windows out of fear of what unpredictable event might befall them on this ominous night.
The crack of the COVID bullwhip could still be heard and felt echoing down Bay Street.
Restaurants and clubs, once flourishing, now were boarding up the windows out of fear of what unpredictable event might befall them on this ominous night.
As we approach year-end, there are several tax planning considerations to keep in mind. Let’s review five of them.