Free at last: Qtrade’s $0-commission move shows investors are winning Canada’s brokerage fee war

Canada’s self-directed investing market is undergoing a sweeping transition as brokerage firms move away from traditional trade-fees and toward broadly accessible commission-free trading. The strategy, long championed by digital disruptors, is now being embraced by major bank-owned brokerages as well — signalling a structural shift in how Canadians access equities and exchange-traded funds (ETFs). Don’t […]

Canadian small businesses pay 20% more tax than U.S. competitors, CFIB warns

Canadian micro and small businesses are paying significantly more in taxes than their U.S. counterparts, according to new research from the Canadian Federation of Independent Business (CFIB). According to the report, a firm with four employees in Canada pays, on average, 20% more in taxes than one of the same size in the United States. […]

Canadian snowbird retirees are being forced to sell their Florida homes amid skyrocketing insurance costs, plunging loonie — is this temporary or long-term exodus from the Sunshine State?

For years, Ontario retiree Cesidia Cedrone and her husband escaped Canada’s brutal winters by retreating to their cozy Florida condo. But this year, instead of packing their bags for the sunshine, they packed up their belongings in Florida — for good. “Things changed so drastically. The Canadian dollar is not at par with the U.S. […]

Electric vehicles cost nearly 37% more to insure than gas cars, Surex study finds

A new survey from Canadian insurance marketplace Surex shows that drivers choosing electric vehicles (EVs) are paying a steep premium when it comes to coverage. The study, based on more than 12 months of Surex insurance quotes, found the average annual premium for a gas car to be $2,289.27 compared with $3,131.43 for an EV. […]