Author: Muriel Schmidt

In Canada, William Carroll, of Hamilton, was perhaps the first in the food chain field. He opened his first store in 1893. What was the 1st grocery store? Piggly WigglyThe first self-service grocery store, Piggly Wiggly, was opened in 1916 in Memphis, Tennessee, by Clarence Saunders, an inventor and entrepreneur. Prior to this innovation, grocery […]

How does a mortgage with cash back in Canada work? Let’s say you purchase a home for $350,000 and have a 20% down payment of $70,000. You choose a five-year mortgage with a rate of 3.79% that offers one percent cash back. With the down payment, you’ll end up borrowing $280,000 from the bank ($350,000 […]

Try to use less than 35% of your available credit. It’s better to have a higher credit limit and use less of it each month. For example: a credit card with a $5,000 limit and an average borrowing amount of $1,000 equals a credit usage rate of 20% How much of a $3000 credit limit […]

If you are a Canadian citizen, a permanent resident or a temporary resident, you need a Social Insurance Number (SIN) to work in Canada or to receive benefits and services from government programs. Children 12 years of age or older may apply for their SIN. Does every Canadian have a Social Security number? To work […]

Canada’s human rights laws often reflect international human rights instruments such as the Universal Declaration of Human Rights. In 1948, the international community came together to make sure that human rights laws were written and understood. Is the Universal Declaration of Human Rights legally binding in Canada? The Declaration is not, in itself, a legally […]

Four in ten (39%) say poverty is the responsibility of provincial governments, while only 11% hold municipal governments mainly responsible for helping the poor. What role does the government play in poverty in Canada? The Government has also made longer-term investments in areas such as housing, clean water, health, transportation, early learning and child care, […]

Poverty in Canada According to the data, 1 in 9 people in Canada live in poverty. Some groups have disproportionately high levels of poverty, including, unattached individuals, persons with disabilities, children, recent immigrants, persons in sole-caregiver families and First Nations People living on a reserve. Who is most likely to experience poverty in Canada? According […]

Discrimination is an action or a decision that treats a person or a group badly for reasons such as their race, age or disability. These reasons, also called grounds, are protected under the Canadian Human Rights Act. What constitutes discrimination in Canada? 3 (1) For all purposes of this Act, the prohibited grounds of discrimination […]

Defer the capital gain if you do not expect to receive the money from the sale right away. Donate assets to a registered charity or private foundation. Those who own a small business, farm, or fishing property can use the Lifetime Capital Gains Exemption (LCGE). Can you avoid capital gains if you reinvest in real […]

You can deduct outlays and expenses from your proceeds of disposition when calculating your capital gain or loss. a share of a capital stock of a corporation. an interest in a partnership. an interest in a trust. an interest or an option in any property described above. What expenses can I claim against capital gains […]