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2023-07-19 09:30:00 ET The Tax-Free Savings Account (TFSA) has been a strong passive-income provider since its introduction in 2009. Since that availability, investors have been given the opportunity to contribute year after year. Now, there is a total of $88,000 in contribution room if you...
2023-07-14 18:15:00 ET It’s a well-known fact that having a reliable source of monthly passive income can be of great help in tough economic times. While there are several different ways, investing in dividend stocks could be one of the easiest ways to achieve that goal. And the good...
2023-07-13 12:45:00 ET The Bank of Canada (BoC) has done it again. The BoC increased the interest rate to 5% this week as inflation rose, though only slightly. The economy in Canada continues to remain resilient in the face of inflation . With prices starting to stabilize, there is hope...
2023-07-12 11:30:00 ET There’s a reason I’ve put “job” in quotes today. While you might end up creating enough fixed income after this to sustain a side hustle, it will be hardly any work at all. In fact, today, we’re looking at the opposite of work. I...
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...
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2024-07-22 20:45:00 ET Canadian investors looking for cheap stocks may find there are far too many to consider. After all, one can find everything from penny stocks to blue-chip companies on the TSX under $50 per share. However, if you want companies that can provide you with growth...
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...