Monday, October 22, 2018

Financial

Canada and U.S. return to NAFTA negotations

President Trump has promised “punitive tariffs” if a deal is not reached
CANADIAN MONEY

Nearly half of Canadians spend more during summer than other seasons (SURVEY)

Despite spending more money in summer, only 19 per cent of Canadians try to save during the first half of the year.

Liquor servers to receive minimum wage boost from province (REPORT)

Piece-rate farm workers and resident caretakers are also included in the wage hike.
BC Legislature

Here’s everything you need to know about B.C.’s new speculation tax

The NDP government expects that 99% of British Columbians will not be affected by it
Viola Desmond $10 Bill

New Canadian $10 bill featuring Viola Desmond released today

Viola Desmond was a successful black businesswoman who was jailed, convicted and fined for defiantly refusing to leave a whites-only area of a movie theatre.
Federal Budget 1000 Bill Legal Tender

Federal Budget 2018: Legal tender ended for $1000 bills

Got some vintage paper currency lying around?

14 basic and brilliant ways to stretch a student budget

On average, Canadian students now graduate with over $26,000 in debt at the end of a four-year degree program.
Back to School

Here are 10 money-saving back to school shopping tips

Where did the time go?!

Here are 9 tips to afford a summer escape

Vacation like an investment advisor.

The Canada 150 toonie is secretly glow-in-the-dark

The new toonie, features a stunning design of the iconic Northern Lights that GLOWS IN THE DARK!

North Saanich couple lose over $20,000 to email “Phishing” Scam

A North Saanich couple recently contacted Sidney North Saanich RCMP to report that they were out a significant amount of money as a result...

Victoria police warn about counterfeit U.S. currency

Fraud investigators with VicPD are warning about an increase in reports of counterfeit U.S. currency. Since November 1, Victoria police have responded to 24 reports...

Got that sinking feeling? Avoid it with these 5 tips

You know that feeling?  The one where you walk away from an interaction and your gut starts churning.  Part of you just knows that...
seniors

“Longevity Effect” one of the biggest risks to financial security

According to reports from market researcher Ipsos and the Canada Revenue Agency, Canadians aren’t saving enough, they’re spending too much and living much longer...

Victoria youth hardly “carefree” struggling to find balance new study finds

Millennials are often derided, criticized for their lifestyles, lack of responsibility and too much time spent on mobile devices. Yet, a 10-year study by...

Parents have the will but lack the skill to teach their kids about money,...

November is officially Financial Literacy Month in Canada—and the importance of raising our children to be financially savvy can’t be understated. To that end, Island...

Cost of payday loans to drop under new regulations

The borrowing rates of payday loans will be lowered under new regulations announced today. As of Jan. 1, 2017, the maximum allowable charge for a...

Canada’s household debt is now bigger than its GDP, for the first time

OTTAWA - The appetite of Canadians for debt continues to grow to record levels. The ratio of household credit market debt to disposable income...
living wage

BC’s minimum wage increases today by 40 cents

Anyone earning minimum wage in B.C. will receive a small boost on their next pay check. The hourly rate is rising from $10.45 per hour...
Budget

Volunteer at Nanaimo Thrift shop turns in large sum of money to RCMP

Someone is likely missing their money after it was found by a volunteer working at a thrift shop in Nanaimo. A volunteer at the Hospice Thrift...
Budget

Three ways to manage your money in the wake of Brexit

Britain’s decision to leave the European Union has thrown the economy into a tailspin: global stocks are all over the place, the pound fell...

Five ways a new baby will change your financial picture

There’s nothing quite like the news of a first child on its way, to make couples start "adulting" when it comes to their money. When...

Celebrate Tax Freedom Day this year by paying less tax

In the next few days the typical island family will start working for themselves and stop paying the government. According to the Fraser Institute’s research,...

Four financial truths all women should plan for

Tuesday, March 8 marks International Women’s Day and putting some time and thought into your financial future is an important way to celebrate. Although the basics of...

Almost 1 in 2 Canadians $200 or less away from financial insolvency

Nearly one half (48%) of Canadians are $200 or less per month away from not being able to meet all of their bills or...

Having *that* talk about the future with your partner

Sure, all couples know that saving as a concept is a smart idea—it’s what you’re actually saving for that can be tricky to get...

Don’t let the TFSA rollback faze your planning

Late last year, the new federal government made good on their campaign promise to reduce annual tax-free savings account (TFSA) contribution limits to $5,500....
video

Join City of Victoria tonight to discuss the draft 2016 Budget in person or...

Whether it’s your first time, or you’ve been around the budget block, the City of Victoria want to hear from you. They’re looking for...

Up your online shopping savvy before Cyber Monday hits

With the Black Friday shopping weekend now in full swing around Victoria, thousands of holiday shoppers have just gotten into the season—a spending trend...

Having *that* talk with your kids

Talking with your kids about money ranks right up there with the birds and the bees in terms of how uncomfortable things can get. ...
living wage

Vital Signs Report – how to manage finances in Victoria

Victoria Foundation’s 10th Anniversary Vital Signs Report came out this week. While 89 per cent of Victoria residents said they were happy, the cost of...

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