Canada's Foreign Buyer Ban Starts January 1, 2023
  
In just under three weeks, the Federal Government of Canada's new Foreign Buyer rules come into effect in an effort to cool what was a very hot countrywide housing market.
Canada will ban foreign nationals from buying homes starting January 2023 – with notable exemptions for permanent residents and temporary residents, including temporary workers and international students.
Finance Minister Chrystia Freeland says the ban on foreign ownership of homes is needed to curb house prices in Canada and prevent them from rising so high as to push working-class and young Canadians out of the real estate market.
“We will make the market fairer for Canadians,” said Freeland. “We will prevent foreign investors from parking their money in Canada by buying up homes. We will make sure that houses are being used as homes for Canadian families rather than as a speculative financial asset class.”
How to Plan Your Finances in 2023
Each year is filled with new challenges that we have to overcome, learn from, and move forward. Therefore, it is a good idea to review our financial decisions from last year based on our current financial situation and the market environment. Learning from past financial decisions can help us make better financial decisions in the future.
In recent years, financial planning has evolved overall, and more people are recognizing the importance of having a long-term financial plan. Today’s digitally-savvy generation prefers to manage their finances using digital platforms or apps. A one-stop solution that allows them to plan, manage, grow and address their financial needs. Millennials seek a greater degree of financial freedom, which also contributes to this trend.
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These are the Stat Holidays for Ontario 2023
Stat holidays in Ontario for 2023 are mostly the same as previous years. Currently, there are no days off in lieu if the stat holiday falls on a weekend.
Here are the stat holidays in Ontario for 2023:
Monday, January 2 (in lieu of New Year's Day falling on a Sunday)
Monday, February 20 (Family Day)
Friday, April 7 (Good Friday)
Monday, April 10 (Easter Monday. Many businesses are also closed on this day, however, it is not an official stat holiday)
Monday, May 22 (Victoria Day)
Saturday, July 1 (Canada Day)
Monday, September 4 (Labour Day)
Monday, October 9 (Thanksgiving Day)
Monday, December 25 (Christmas Day) Tuesday, December 26 (Boxing Day)
Monday, August 7 is a Civic Holiday. While it is not an official stat holiday, employers may decide to give their employees the day off.
National Day for Truth and Reconciliation falls on September 30 and while it's not technically a stat holiday in Ontario either many employers give their staff a holiday on this day as well.
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