Tuesday, October 14, 2025

Budgeting

Restaurant visits fall while the Canadians tighten carriers

Introduction to the Canadian Food Service Industry The Canadian food service industry is facing an "alarming" trend, according to Kelly Higginson, Managing Director of Restaurants Canada. This trend is particularly concerning for the younger generation, who will soon become the main consumer group. A recent report revealed that younger Canadians prioritize price, value, and comfort when it comes to dining out, more so than older Canadians. Rising Costs and Weaker Expenses Squeeze Restaurant Profits The restaurant industry has slowed down compared to pre-pandemic levels. Canadians are expected to spend $1,035 in full-service restaurants and $1,135 in quick-service restaurants this year, which is a decrease from $1,165 and $1,150 in...

Five days in the office again? So it...

Introduction to the New Normal The pre-pandemic standard of working in the office for five days is making a comeback for many Canadians. However, this time around, it's not exactly the same. The costs of almost everything, from food to gas, have increased significantly over the past five years. But for many office-goers, their salaries haven't kept pace. The Rising Costs of Commuting For those returning to the office, the costs of transit, parking, meals, and even dog walkers are expected to increase as they prepare to spend more time outside their homes. Financial educator Edueek Brooks estimates that the cost of returning to the office can range from...

A financial plan more than doubles your confidence in retirement – which is why so many Canadians forego it

Introduction to Financial Planning Many Canadians are rethinking their financial strategy due to economic uncertainty. A survey of 1,045 Canadians found that 52% of respondents...

How to build trust in their financial life

Introduction to Financial Fears in Canada A recent press release from TD Bank revealed that 76% of newcomers to Canada fear making financial mistakes. While this number may seem alarming, it's not surprising given the complexity of the Canadian financial...

The hidden costs for poor billing

Introduction to the New Era of Business In recent years, there has been a significant increase in bold new business practices. The Covid-19 pandemic and its subsequent closures gave many people the opportunity to assess their lives, both personally and...

Setting up an employee stock option plan for employees

Understanding Employee Stock Option Plans (ESOPs) When founding a company from scratch, it can be challenging to compete with large salaries and company processes that...

The CPP payment dates from 2025 and more about the Canada...

Introduction to the Canada Pension Plan The Canada Pension Plan (CPP) is a social security plan that provides replacement income to individuals when they retire from their working life. It is one of the four pillars of the pension income...

Taxes and Insurance

Taxes and insurance are two essential aspects of personal finance that often go hand-in-hand. Understanding how they work and how they interact with each other can help individuals and businesses make informed decisions about their financial planning. In this...

Freelancing

The Joys of Slow Travel: How to Embrace the Digital Nomad Lifestyle and Take Your Time

Slow travel is a concept that has been gaining popularity in recent years, especially among digital nomads. It's an approach to travel that emphasizes...

The Dark Side of Travel: How to Stay Safe as a Digital Nomad

As a digital nomad, you're likely no stranger to the thrill of exploring new destinations and immersing yourself in different cultures. However, with the...

How to Make the Most of Your Time as a Digital Nomad: Tips for Maximizing Your Travel Experience

As a digital nomad, you have the unique opportunity to explore the world while maintaining a career that can be managed remotely. With the...

The Best Places to Learn a New Language as a Digital Nomad

As a digital nomad, you're likely no stranger to the idea of exploring new places and immersing yourself in different cultures. One of the...

Insurance

Jobs

Budgeting and Money Management

Budgeting and money management are essential skills that everyone should possess. With the rising costs of living and the uncertainty of the economy, it's...

Mortgage

Self Employment

Understanding Your Tax Bracket: How to Minimize Your Liability

Understanding your tax bracket is essential to minimizing your tax liability. Tax brackets are the ranges of income that are subject to different tax rates. In the United States, the tax system is progressive, meaning that higher income levels...

From Hobby to Business: How to Turn Your Creative Passion into a Successful Career

Many people have a creative passion or hobby that they enjoy in their free time. Whether it's painting, writing, photography, or crafting, these activities can bring a sense of joy and fulfillment to one's life. However, have you ever...

Taking the Plunge: How to Get Started in Self-Employment and Create a Brighter Financial Future

Are you tired of working for someone else and wanting to take control of your financial future? Self-employment can be a daunting but rewarding career path. With the right mindset and preparation, you can turn your passion into a...

Charting Your Own Course: A Self-Employed Person’s Guide to Retirement Planning and Financial Freedom

As a self-employed individual, you enjoy the freedom and flexibility that comes with being your own boss. However, this freedom also means that you are responsible for your own retirement planning, which can be a daunting task. Unlike traditional...
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Taxes

Do you pay GST/HST when you build or renovate a house?

Introduction to Building or Renovating a House ===================================================== When building or renovating a house, there are unique considerations that everyone should be aware of. These considerations can affect the amount of sales tax you pay and may even qualify you for...

Which ETFs are the most taxable for Canadian investors?

Introduction to Tax-Efficient Investing in Canada Canadians have a range of registered accounts, including Tax-Free Savings Accounts (TFSAs), Registered Retirement Savings Plans (RRSPs), and First Home Savings Accounts (FHSAs), which provide flexibility and contribution room to protect profits from the...

“We are good at retirement. How can we pay less tax?”

Introduction to Lifestyle Planning As a starting point, it's essential to look at the big picture to understand where you're going. This includes modeling all current and future financial resources, including your cash flow and activities in your holding company....

Maximizing Your Tax Savings: Insurance Strategies for Self-Employed Individuals

As a self-employed individual, navigating the complex world of taxes can be daunting. One of the most effective ways to maximize your tax savings is through strategic use of insurance. Insurance not only provides financial protection against unforeseen events...

Insurance and Taxes: What Self-Employed Workers Need to Consider

As a self-employed worker, navigating the world of insurance and taxes can be a daunting task. With so many options and regulations to consider, it's easy to feel overwhelmed. However, understanding the basics of insurance and taxes is crucial...

Work From Home

Is forex trading legit? – Save the student

Introduction to Forex Trading If you're on social media, you may have come across videos promoting Forex trading as a way to make money. While investing can be a way to grow your money, it's never without risk - especially...

Shopify: How to earn money with an online shop

Setting Up Your Shopify Business for Success To set up a successful Shopify business, there are several steps you can take. It all begins with choosing the right theme for your store, getting the best apps to enhance your business,...