According to the Canadian Anti-Fraud Centre, in 2023, 41,111 Canadians reported falling victim to fraud. From those reports, over $554 million was stolen. When you consider the number of unreported scams, the real number could potentially be over $1 billion.
Senior citizens can unfortunately be the targets of fraud often because of their trusting nature and generosity.
Do you have debt you are looking to consolidate? Perhaps there is a larger purchase you would like to make? Regardless of why you might be interested in exploring some of your available credit options, it’s important to know which vehicle is best for you. Some of the more typical avenues you might explore include personal loans or lines of credit.
Inflation has been on the minds of Manitobans for over four years now, but where are things currently? June of 2022 saw an annual high of 8.13 per cent inflation according to the Canada Consumer Price Index, while a year later, June 2023 saw a more reasonable 2.81 per cent.
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Canada’s 2023 income tax filing deadline is April 30, 2024. While there is still time, it’s always best to be prepared and get all your pertinent documents together. This includes T4s, T5s, or any other income records, including self-employment income.
Now is the time to make sure you have everything you need to easily transition into retirement.
The Canadian government’s new First Home Savings Account (FHSA) came into effect on April 1, 2023. This new registered savings account allows prospective first-time home buyers to save for a down payment on a tax-free basis. FHSA contributions are tax-deductible (like an RRSP), and qualifying withdrawals to purchase a first home are non-taxable (like a TFSA).
March is Fraud Prevention Month, a time to remind ourselves that online fraud happens every day to thousands of people around the world, regardless of education or background. There are a few steps we suggest taking when an offer or opportunity comes along that might sound enticing, or even too good to be true.