Canada Budget

Ottawa Runs A Whopping Surplus

CP | The Canadian Press | Posted 08.29.2014 | Canada Business

OTTAWA - The federal government ran a surplus of $1.6 billion in June compared with a surplus or $200 million in the same month last year.The Finance ...

This Is How You Plan For College and University Debt

Jeffrey Schwartz | Posted 08.20.2014 | Canada
Jeffrey Schwartz

If you know you are about to be attacked, why not beat the other side to the punch? The same philosophy works with student debt. Build up a solid defense against it by working part time and saving money throughout the next 3-4 years. This way, when that debt tries to attack you after graduation, you'll be armed with a sizable nest egg you can use to pay down the principal.

What To Consider When Lending Money To Loved Ones

Jeffrey Schwartz | Posted 07.29.2014 | Canada Business
Jeffrey Schwartz

Have you ever had one of your friends ask to borrow money from you? Most of us are willing to oblige when the amount is small -- like $10 or $20 -- but what about when the amount is more significant? You are placed in an extremely difficult spot when a friend or family member is asking for $1,000, $5,000 or more.

How To Start Pulling Yourself Out of Debt

Jeffrey Schwartz | Posted 07.14.2014 | Canada
Jeffrey Schwartz

The important thing is to write the goals down and post them somewhere that you see them everyday. Don't be embarrassed about putting them on the fridge and having your friends see them when they come over for a visit. You may not be proud of falling into debt but you should be proud of overcoming it.

Sting Is Right to Deny His Kids A Big Inheritance

Samantha Kemp-Jackson | Posted 07.02.2014 | Canada Music
Samantha Kemp-Jackson

You think that kids of celebrities have it easy? Think again. Sting's surprising announcement that he's not leaving any of his vast fortune to his children was a shock to many. How could this multimillionaire leave his kids to have to *gasp* work for a living? It just didn't seem right.

Saving Tips for Canadians, Eh?

Jeffrey Schwartz | Posted 08.24.2014 | Canada Business
Jeffrey Schwartz

Canada Day is coming up on July 1. Proud Canadians will be gathering with their friends and family to celebrate the birth of our nation all those years ago. And in true Consolidated Credit fashion, utilize these truly Canadian ways to ensure that you and your family have a financially secure future.

This Father's Day, All Your Dad Really Wants Are the Three B's

Jeffrey Schwartz | Posted 08.09.2014 | Canada Living
Jeffrey Schwartz

Grab a couple of gloves and a ball and ask your dad to play catch with you just like you did years ago. You may not have the same coordination as in the past, but it will be fun nonetheless. And you know what? It's not even the act of throwing and catching that will make this gift memorable -- it's the quality time and conversation you'll have while doing it that he'll remember.

How to Budget For University

Melissa Jarman | Posted 07.30.2014 | Canada Business
Melissa Jarman

By now, most students planning to start college or university in the fall are beginning to think seriously about what needs to be done before their classes start. So how do we help students prepare for the coming year? A good starting point would be by taking some time now to review and discuss the following questions.

More Taxes Won't Fix Our Fiscal Mess

Michel Kelly-Gagnon | Posted 07.23.2014 | Canada Business
Michel Kelly-Gagnon

Not a day goes by without someone, somewhere, asking for politicians to levy another tax on a particular group -- ''the rich'', drivers, smokers, or taxpayers in general. And with fiscal deficits crippling many provinces -- especially Ontario and Quebec -- brace yourself. You can count on lobbies of all sorts and politicians to come up with ''innovative'' ideas on how to dig deeper into your pockets to pay for their pet projects.

We Can Learn a Lot About Saving Money From Victorian England

Jeffrey Schwartz | Posted 07.14.2014 | Canada Business
Jeffrey Schwartz

People in the Victorian Era, including the Queen herself, lived lives of remarkable frugality and resourcefulness. They made do with what they had and worked hard to get it. Consolidated Credit has looked at the way people lived 150-200 years ago in England and found some things we could learn.

Thoughtful Mother's Day Gifts That Won't Break the Bank

Jeffrey Schwartz | Posted 07.07.2014 | Canada Living
Jeffrey Schwartz

"It's the thought that counts." So, with Mother's Day right around the corner, Consolidated Credit has compiled some great gift ideas that will show your mother how much you care, without causing you to dip into your savings.

WATCH: Stop Saying Budget Like It's A Bad Word

The Huffington Post Canada | Posted 04.16.2014 | Canada Living

It doesn't matter if you're a saving machine or live paycheque to paycheque, we all need a budget. Financial writer and TV host Gail Vaz-Oxlade, wh...

Budgeting Today Will Set You Up For Success Tomorrow

Shaun Goolcharan | Posted 06.14.2014 | Canada Business
Shaun Goolcharan

Do you have a budget? It is one of the most fundamental steps in making your money work for you. A personal budget is a basic estimation of the revenue and expenses over a specified period of time. Whether your goal is a down payment for a new house, saving for your child's education, a dream vacation or simply retirement, a budget is the answer to helping you reach your financial goals.

This Is Why You're Broke: Canadian Credit Card Debt And You (INFOGRAPHIC)

Posted 04.04.2014 | Canada Living

Canadians carry a lot of consumer debt, and a huge amount of it is on credit cards. In 2012, nearly 40 per cent of Canadians carried an outstanding ba...

Are You Happy With the Way Quebec's Resources Are Being Used?

Amber Rehman | Posted 06.02.2014 | Canada Politics
Amber Rehman

1,000,000 people in Quebec don't file their taxes every year. If each of those people owe taxes of... I don't know... let's say $624 each (an extremely low estimate given that the average amount of taxes paid by a Quebecer is around $10,000), then I'd say an investment of $600k in "FILE YOUR TAXES" billboards, print and TV ads might have helped us to avoid this huge debt hole.

How To Stop Living Large and Start Thinking Big

Anita Saulite | Posted 05.26.2014 | Canada Living
Anita Saulite

Our spending habits say a lot about us and the choices we make with our money. When we become real and authentic with ourselves, we don't use our money to impress people or seek status, because we have nothing to prove. When we are authentic with our money, we are making conscious and mindful choices with it. We are very present and self-aware.

Date a Personal Finance Blogger

Cait Flanders | Posted 04.29.2014 | Canada Business
Cait Flanders

Date a female personal finance blogger. Date a girl who understands the value of a dollar as well as the emotional power money has over us all. Date a girl who lists personal finance experts and bloggers as her heroes and who wants to become that same hero in her own family.

Every Penny Saved And Forgotten Is A Penny Earned For Ottawa

CP | Steve Rennie, The Canadian Press | Posted 04.28.2014 | Canada Business

OTTAWA - When it comes to balancing the country's books, it's the equivalent of finding loose change under a couch cushion.But each penny surely count...

It's Taking FOREVER To Upgrade These Spy Planes

CBC | Posted 04.18.2014 | Canada Politics

In what amounts to yet another tacit admission that the military's procurement system is in dire trouble, the Conservative government has quiet...

Why Flaherty's Sin Tax on Cigarettes Won't Work

Michel Kelly-Gagnon | Posted 04.16.2014 | Canada Politics
Michel Kelly-Gagnon

This is precisely what happened in Canada in the early 1990s. Indeed, following a steep increase in duties and taxes applicable to tobacco products by the federal government and the provinces, a vast illegal trade in cigarettes sprang up. Contraband's share in the Canadian tobacco market jumped from 1 per cent in 1987 to approximately 31 per cent by the end of 1993.

Make Infrastructure Dollars Go Further with Open Tendering

Terrance Oakey | Posted 04.15.2014 | Canada Politics
Terrance Oakey

The 2014 Federal Budget made important investments in Canada's infrastructure, something for which the Harper Government deserves great praise. However, the Government could get a lot more bang for its infrastructure buck if it required open tendering for all projects using federal money.

Sunny Freeman

It May Cost A LOT More Than He Thinks To Fix Rural Internet

HuffingtonPost.com | Sunny Freeman | Posted 02.13.2014 | Canada Business

The $305 million federal budget pledge for expanded high-speed internet in rural and remote communities is only a fraction of the billions a new repor...

Program Cut Infuriates Brad Wall

CP | Jennifer Graham, The Canadian Press | Posted 04.14.2014 | Canada Politics

REGINA - Saskatchewan Premier Brad Wall is frustrated that the federal government is scrapping the Immigrant Investor Program for all provinces except...

BATTLE OF THE BUDGE

CP | Terry Pedwell, The Canadian Press | Posted 04.13.2014 | Canada Politics

OTTAWA - Let the sales job — and the griping — begin.Now that Finance Minister Jim Flaherty has delivered his 10th budget, it's time to sell its b...

Great News For Canadian Olympians

CP | Steve Rennie, The Canadian Press | Posted 04.13.2014 | Canada Politics

OTTAWA - Canadian athletes keep racking up medals at the Sochi Olympics, and now more money is coming their way to keep them on the podium.Finance Min...