Canadians need to pay $150 or more in exit fees just to leave their bank — TD Bank is the latest to hike transfer-out fees
TD Canada Trust quietly announced it will double its Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA) transfer-out fee — from $75 to $150 per account — starting July 1, 2025. And they’re not alone. RBC made a similar move in 2022, upping their fee from $50 to $150, and Tangerine bumped theirs […]
A $100K wake-up call: Why saving now could spare your child a lifetime of financial struggle
It’s hard to believe it now, but your child will eventually become an independent grown-up with their own career, hobbies, and bills. Why not give them a running start into financial adulthood? Planning for your child’s financial future might feel overwhelming, but even small steps today can make a big difference tomorrow. Whether you’re dreaming […]
Canada Post strike sparks investor shake-up: Delivery delays could boost logistics and fintech stocks by double digits
A Canada Post strike is most definitely a labour and distribution issue, but for smart investors this strike is also a chance to spot early trends, test company resilience and even uncover hidden opportunities in the investing market. Whether you’re new to investing or already building a portfolio, here’s what to watch — and how […]
7 smart ways to fight inflation, cut debt, and save big in 2025 — even on a tight budget
According to Statistics Canada, the current inflation rate is 1.7% and BMO as well as other bank analysts are predicting the nation’s inflation rate will continue to hover around the 2% target rate throughout 2025. While these rates are lower than some we’ve seen in recent years, it’s certainly not negligible, especially if you’re still […]
What to expect when you’re expecting: First year cost for pets
It’s easy to go overboard when you’re getting a new pet. Whether it’s supplies, toys or even clothes, some things are just too cute to pass up. But these things quickly add up, even if you try to stick to necessities. It’s possible to budget and plan for your new furry addition, and we’ve put […]
Love, lies, and $5 million: Winnipeg lottery battle exposes the high price of trust
A Winnipeg man’s $5 million lottery win has turned into a legal saga after his former partner claimed the winnings and allegedly cut off all contact. The case, now before Manitoba’s Court of King’s Bench, offers a stark lesson about the financial risks of informal arrangements in personal relationships. Lawrence Campbell alleges he purchased the […]
Feel confident investing in Nvidia: Why dollar-cost averaging helps Canadians build wealth long term
Nvidia (NASDAQ:NVDA) has been one of the best-performing stocks of the last decade, benefiting from advancements in artificial intelligence (AI), cloud computing, and gaming. However, its high price and volatility make it a challenging stock for Canadian investors to buy. One way to manage risk and build a long-term position in Nvidia (NASDAQ:NVDA) is through […]
Grocery giant Loblaws drops property restrictions, paving way for lower grocery prices and reshaping investor outlook
In a move hailed as a win for consumer choice and market fairness, Loblaw Companies Ltd. (TSX:L) has announced it will eliminate restrictive property controls that have limited grocery competition in Canada. The Competition Bureau welcomed the decision, calling it a “key milestone” that could help drive down food prices by allowing more retailers to […]
From wallets to Wi-Fi: As 13% of Canadians abandon cash, a digital payment revolution leaves the rest scrambling to keep up
The days of digging through your wallet for cash or cards are quickly disappearing. In a world dominated by smartphones and digital convenience, mobile payment apps are now at the forefront of how Canadians spend. In 2023, over 36% of Canadians used a mobile payment method at least once a week — nearly double the […]
An endless debt cycle: Canadians seeing rising rates when it comes to defaulting on non-mortgage bill payments
The financial strain on Canadians has reached unprecedented levels recently, with metropolitan centres such as Toronto and Vancouver experiencing dramatic increases in living costs. These elevated expenses continue to burden residents across the country. Toronto’s Greater Area (GTA) residents are particularly impacted, with new research from Oxford Economics revealing that they dedicate a larger portion […]