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2023-07-10 11:00:00 ET According to Statistics Canada , seniors (those 65 years of age and over) are the fastest-growing age group in Canada. In 2021, there were seven million seniors, who represented about 18.3% of the total population in Canada, and this percentage is expected to incr...
2023-07-08 10:15:00 ET Passive income is cash that you can generate without exerting effort through employment or contract work. Some examples of passive income include an online retail website, income generated through a rental property, or cash brought in from a creative endeavour, su...
2023-07-07 08:00:00 ET The world has changed for current and future pensioners in recent decades. For example, defined-benefit plans (DBP) have experienced a sharp decline in the private sector. That has increased pressure on the average Canadian to set up their own retirement. That is why ...
2023-07-06 10:30:00 ET Stock market volatility has made it almost impossible for stock market investors to consider investing in growth stocks. As inflation continues rising, central banks in the U.S. and Canada must continue introducing interest rate hikes. While the measure will e...
MARKHAM, Ontario, June 30, 2023 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“ Sienna ” or the “ Company ”) (TSX: SIA) announced that it will report its 2023 second quarter results after market close on Thursday, August 10, 2023. Nitin Jain, President and Chi...
2023-06-26 19:45:00 ET Despite starting 2023 on a promising note, the Canadian stock market has been on a downward trajectory lately due mainly to growing macroeconomic challenges and the possibility of a looming recession. After posting 3.7% gains in the first quarter, the TSX benchmar...
2023-06-26 15:15:00 ET The Tax-Free Savings Account (TFSA) was launched in January 2009. All capital growth and income generated in this registered account is entirely tax free. As the account has seen its cumulative contribution room grow, this has grown into the favourite registered a...
2023-06-23 14:15:00 ET The establishment of a consistent and sizable passive-income stream should be a goal for all long-term investors. Of course, there are many ways to make passive income. For example, a homeowner could establish a passive-income stream if they are able to collect re...
2023-06-18 11:00:00 ET As macroeconomic uncertainties continue to keep the stock market volatile , investors are flocking to add the shares of fundamentally strong dividend-paying companies. While Canadian dividend stocks can help you earn handsome monthly passive income, the qu...
2023-06-17 10:45:00 ET Passive income is a type of unearned income that investors can generate in many ways. Some of the most popular avenues to generate passive income include rental income, money earned from a published work like a novel, revenue from an online retail outlet, or cash rake...
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The Dow Jones Industrial Average advanced on Monday as investors bet the unsuccessful assassination attempt on former President Donald Trump will lead to big gains for the Republican presidential candidate and the GOP at the polls in November. The 30-stock index came down from its highs of th...
2024-07-15 10:30:00 ET The average TFSA ( Tax-Free Savings Account ) balance at the end of 2023 was roughly $41,000. Let’s see how you can allocate $10,000 and earn $50 in passive income each month tax-free. What is the TFSA and how does it work? The TFSA is a registe...
2024-07-13 09:15:00 ET Canadian investors can use registered accounts such as the Tax-Free Savings Account (TFSA) to create a stable stream of recurring income. The contribution room for the TFSA rose to $7,000 in 2024, increasing the cumulative contribution limit to $95,000. As any ret...