Author: Muriel Schmidt

Thanks to NAFTA — and its successors — the United States is an attractive place to source imports. Canadians drive American cars and delivery trucks, fuel them with American petroleum, and fix them with American car parts; petroleum and vehicle trade between the two countries is pretty reciprocal. Where does Canada import their cars from? […]

Trading commission: $0 If you’re looking for the best commission-free trading platform in Canada, Wealthsimple Trade account allows you to buy and sell stocks, ETFs, and even crypto without paying any fees. There are also no account minimums, annual fees, or inactivity fees. Are there any free trading apps in Canada? 1. Wealthsimple Trade – […]

Any individual that is a non-resident of Canada who has a valid SIN and who is 18 years of age or older is also eligible to open a SIN. However, any contributions made while a non-resident will be subject to a 1% tax for each month the contribution stays in the account. Can I invest […]

Yes, Coinbase is a safe crypto exchange to use. 98% of all of their crypto tokens are held offline in cold storage, and the remaining 2% of crypto assets that are held online are insured. Can you use Coinbase if you’re Canadian? Canadian customers can use a debit card to purchase cryptocurrency. Funds purchased via […]

Digital ID is coming to Canada, bringing with it a host of questions and even some concerns from privacy advocates. Many provinces, and the federal government, have launched Digital ID initiatives to simplify and secure access to government services. Is Canada introducing digital ID? In a resolution issued today, federal, provincial and territorial privacy regulators […]

Programs specifically providing income support for the aged, disabled, and survivors are collectively called Canada’s Public Pensions System. The Three Components. Benefit Expenditures Total 32,836 Other benefits Old Age Security 23,044 Guaranteed Income Supplement 6,221 Do Canadian citizens get Social Security? Benefits from Canada––Canada provides retirement, survivors and disability benefits through two separate programs. To […]

Basically, you must start with a learner’s permit and you can only drive when accompanied by someone with a full license. After the learner’s permit, you graduate to a license with conditions. That means you may drive alone, but there are restrictions, such as where and when you can drive. At what age can you […]

Pros of sole proprietorship Least expensive form of ownership, low start-up costs. Most freedom from regulation. Simple to start and dissolve. Complete control over the company and decisions. Least working capital required. Complete control over the income generated by the business. Complete access to profits. How much tax do sole proprietors pay in Canada? Federal […]

If you are a sole proprietor, you pay personal income tax on the net income generated by your business. You may choose to register a business name or operate under your own name or both. If you operate as an individual, just bill your customers or clients in your own name. How much tax do […]

BASIC CAR INSURANCE IN ONTARIO It is recommended that you have at least $1,000,000 of liability coverage for injuries and property damage during an accident. This auto insurance policy is essential to protect your vehicle and the contents inside in case of any damage when you are not at fault. What is the minimum amount […]