Federal Budget 2025 bets big on business — and why that matters to Canadian investors and workers
After 18 months without a federal budget, Ottawa is finally putting its money where its mouth is — and the focus is clearly on investing in Canadian business to help restart Canada’s stalled economy. Framed as an “investment budget,” Prime Minister Mark Carney’s first fiscal framework focuses mostly on big-ticket investment-driving items, rather than spending […]
New U.S. rule could cost Canadian snowbirds up to $900 a year
For a typical Canadian couple, new U.S. border rules could add $250 to $900 a year in extra costs — covering document preparation, travel delays and cross-border tax advice — before they even unpack their bags in Florida or Arizona. The new U.S. rule was announced in March and went into effect on April 11, […]
5 of the best low-risk investments for Canadians that protect your cash — and earn you more in 2025
One of the keys to building wealth is understanding the relationship between risk and reward. Canadians are always on the lookout for low-risk investments, but you must understand that free lunches do not exist. A risk-free investment (like a GIC) has a lower expected return than a high-risk investment (like an individual stock). As an […]
Rising costs push 3 in 4 Canadians to skip restaurants and rethink eating out as a luxury
Canadian restaurants are facing a perfect storm in 2025. Rising operational costs and shifting consumer habits are squeezing margins, while families are reconsidering dining out — often cutting it from their budget and considering it a discretionary expense. A recent report from Restaurants Canada shows three in four Canadians are eating out less due to […]
Fed up with fees: Over half of Canadians have switched banks over fees — and many more are considering it
A new Money.ca reader poll reveals that 53% of respondents have already switched financial institutions at least once because of increasing fees. Another 13% say they are actively looking to switch, while 23% are watching fees closely and may move if costs climb further. That means nearly 9 in 10 Canadians are either ready to […]
Hidden in plain sight: The Habsburg 137-carat Florentine Diamond that proves Canada’s banks are built on trust
A diamond that once glittered in the crowns of emperors resurfaced — and not in Vienna or Paris, but inside a secure Canadian bank vault. According to The New York Times (1), the 137-carat Florentine Diamond — a jewel of the Habsburg dynasty thought lost, stolen or recut more than a century ago — “has […]
Canadians remain anxious about retirement — but planning helps, survey finds
A new survey shows that 59% of Canadians are worried that they might outlive their savings. Conducted on behalf of CPP Investments, the findings suggest that anxiety about retirement is widespread, yet those who take concrete steps, such as having a financial plan or understanding the role of the Canada Pension Plan (CPP), tend to […]
Leave more than money: practical legacy planning for Canadians
Many Canadians dream about the legacy they will leave behind — not just money, but the values, traditions and lessons for loved ones. Thinking ahead about how your wealth and life experiences will shape the future can provide clarity and peace of mind. That’s where legacy planning comes in. Legacy planning is the process of […]
My sister’s a freelancer and somehow never has enough cash when her rent is due. But I feel like I’m becoming a crutch, should I stop bailing her out?
If you’ve helped out a loved one when they’ve been short on cash, you’re in the majority. A LendingTree survey found that 51% of respondents had loaned money to a friend or family member in the previous five years, and 27% of the time it was to a sibling (1). Now, imagine you’re 36-year-old Mia: […]
Flat investment fees promise clarity — but could end up costing you more than you think
I recently received a letter from my financial advisor telling me that some of my accounts are moving from a tiered-fee rate to a flat-fee rate structure starting Jan. 1, 2026. I’m sure I’m not the only Canadian who received the notice, and it got me thinking about what this change really means for us […]