Monthly Challenge - Win A $20 Guusto Gift Card

Congratulations to Penny Shuer for winning last newsletter's challenge and winning a $20 Guusto gift card!

Last newsletter's question asked the following:

If you pull out equity from your home, you have to pay income tax on the amount you pull out because it is considered income.

A) True

B) False

Answer is FALSE - this is "tax free" money. However, ALWAYS speak to your accountant and please do not take this as tax or financial advice!

This newsletters question:

On July 13, the Bank of Canada meets again to announce their interest rate decision, which will directly impact the bank's prime interest rate. What do you think they will announce (we will have to wait until July 13 to see who was the fastest with the correct answer). 

A) They will leave it where it is

B) They will increase it by 0.25%

C) They will increase it by 0.50%

D) They will increase it by MORE than 0.50%

E) They will lower it

Criteria to WIN the $20 Guusto gift card:
1) Be the first person to answer the below question accurately (text or email me your answer so I can use the time stamp to determine the winner - competition is FIERCE).
2) Share my newsletter to your social media (there is an option to "share this newsletter" at the top of the newsletter).