Massive TFSA recontribution mistake puts taxpayer in CRA’s crosshairs

Jamie Golombek: What was ‘simply an honest mistake’ caused an overcontribution to the tune of $112,000 Taxpayers who don’t appreciate the nuances of the TFSA recontribution or transfer rules could find themselves in trouble with the taxman for overcontributing. Photo by Getty Images/iStockphoto I’ve already made my 2023 tax-free savings account (TFSA) contribution … have… Continue reading Massive TFSA recontribution mistake puts taxpayer in CRA’s crosshairs

Why you need to reconsider your TFSA investing strategies in 2023

Jason Heath: A changed financial landscape means these four strategies might require a rethink You may want to reconsider how you use your TFSA amid so many changes in the personal finance landscape. Photo by Getty Images/iStockphoto Tax-free savings accounts have been a go-to savings vehicle for millions of Canadians in recent years. But some… Continue reading Why you need to reconsider your TFSA investing strategies in 2023

Bosses beware: Employees are thinking of quitting, and a recession isn’t going to stop them

Victoria Wells: The Great Resignation may have only just begun Fifty per cent of Canadian employees are planning to look for a new job in the first part of 2023. Photo by Getty Images/iStockphoto The page has turned on another calendar year, but that doesn’t mean workers are suddenly abandoning the high expectations they set… Continue reading Bosses beware: Employees are thinking of quitting, and a recession isn’t going to stop them

Shopify tells employees to just say no to meetings

Cancelling all recurring meetings, encouraging staffers to decline invitations and detach from big internal chat groups Author of the article: Bloomberg News Matthew Boyle Published Jan 03, 2023  •  3 minute read Join the conversation Shopify’s former headquarters in Ottawa. Photo by James Park/Bloomberg Shopify Inc. spent last year cutting costs. Now, it’s cutting meetings. Advertisement 2… Continue reading Shopify tells employees to just say no to meetings

The 5 work benefits employees want the most, beyond higher pay

The list goes above free lunch, commuting stipends and other sweeteners that dominated this year’s return-to-office push Author of the article: Bloomberg News Jo Constantz Published Jan 03, 2023  •  Last updated 2 days ago  •  4 minute read Join the conversation Pedestrians walk along Wall Street near the New York Stock Exchange. Photo by Michael Nagle/Bloomberg Despite… Continue reading The 5 work benefits employees want the most, beyond higher pay

Job cuts from Amazon and Salesforce are the first step in staging a turnaround for tech that will see the sector jump 20% in 2023, Wedbush says

Recent job cuts from Amazon and Salesforce represent the first necessary step in staging a turnaround for tech stocks, according to Wedbush.”Investors want these management teams to get ahead of the storm and preserve margins and the bottom-line,” Wedbush said.Wedbush expects the tech sector to deliver a 20% gain in 2023 despite economic uncertainty. Loading… Continue reading Job cuts from Amazon and Salesforce are the first step in staging a turnaround for tech that will see the sector jump 20% in 2023, Wedbush says

The Fed wants a recession and is desperate to convince markets it’s serious about bringing inflation down, Bank of America chief economist says

The Fed wants a recession to convince markets it’s serious about bringing inflation down, BofA’s chief economist Ethan Harris said. “They told us they want a weak economy. I think that’s a very friendly way of saying you want a recession,” Harris warned. He predicted the central bank would raise rates another 75-basis-points, and won’t… Continue reading The Fed wants a recession and is desperate to convince markets it’s serious about bringing inflation down, Bank of America chief economist says

Silvergate slashes 40% of staff in the wake of a run on the crypto bank that forced it to sell assets at a loss to cover $8.1 billion in withdrawals

Silvergate cut 40% of its staff as the crypto-focused bank reels from FTX’s implosion.  Crypto-related deposits fell 68% in the fourth quarter of 2022, according to the firm. Silvergate shares plunged more than 40% on Thursday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading Silvergate slashes 40% of staff in the wake of a run on the crypto bank that forced it to sell assets at a loss to cover $8.1 billion in withdrawals