Warren Buffett calls Trump’s tariffs an “act of war” and warns about the dangers of this hidden tax
Warren Buffett, one of the most respected voices in finance, is known for his straightforward approach to economic policies. So when he recently used the word “war” when discussing tariffs, people took notice. In a recent interview with CBS News, the Berkshire Hathaway chairman called tariffs "an act of war, to some degree." These were […]
Canadians facing cost-of-living and debt fatigue
It’s already tough financially for many Canadians, but with heightened concerns thanks to the looming threat of US tariffs, fatigue is starting to set in. In the Credit Counselling Society’s 2025 Consumer Debt Report, more than half of respondents (54%) – the highest number since the inception of the survey five years ago – report […]
Oakville man loses $750K in sophisticated investment scam — How to spot a scam and protect yourself
An 82-year-old man from Oakville, Ontario, is warning others after he lost $750,000 to an online scam that tricked him into thinking he was making a safe investment. Walter Yamka was searching online for good rates on Guaranteed Investment Certificates (GICs) when he came across a website that looked like it belonged to a trusted […]
Trump’s tariffs come one week before next Bank of Canada rate announcement: What does this mean for Canadians and how can you safeguard your finances?
President Donald Trump’s long-touted 25% tariffs on Canadian goods, as well as 10% tariffs on energy, finally took effect at midnight on March 4, effectively ushering in a fraught economic relationship between the two neighbouring nations and close allies. These tariffs come as the Bank of Canada is poised to make the next prime rate […]
Mortgage crisis? Ontario homeowners struggle as delinquencies soar 50% amid renewal shock
With interest rates now over 50% higher than pre-pandemic levels, there is, at the same time, a significant rise in mortgage delinquencies in Ontario, recent reports show. In the fourth quarter of 2024, more than 11,000 mortgages in the province recorded a missed payment, nearly three times the number seen in 2022, this according to […]
More than half of Canadians renewing their mortgage expect increased payments
According to a new survey from Royal LePage, 57% of respondents believe their monthly mortgage payments will increase when they renew their mortgages this year. This might prove to be a significant problem, given there are 1.2 million mortgages up for renewal in 2025. "When it comes to post-pandemic mortgage renewals, many Canadians have avoided […]
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Here’s the withdrawal rate Canadian retirees need to start using in 2025, according to new report — and it’s shockingly low
Retirees, brace yourselves: The golden rule of retirement withdrawals just got a cold dose of reality. A new report from Morningstar recommends the safe withdrawal rate for retirees in 2025 is a mere 3.7% — a significant adjustment from the decades-old 4% rule that had dominated retirement planning. Amid rising costs, volatile markets and new […]
What are the income tax brackets for the 2024 tax year?
Tax season is upon us. Gathering your T-slips and receipts to start crunching the numbers can be anxiety inducing. If you think you might owe money, getting an early start can help soften the blow. Regardless of your situation, knowing the tax brackets helps you prepare. Remember: The official deadline to file your 2024 tax […]
5 big things that disappear after you retire in Canada – Are you prepared?
Retirement is often seen as the long-awaited reward after years of hard work. The daily grind of morning alarms, office politics and stressful commutes finally come to an end, regaining full control over your time and how you spend it. While retirement offers newfound freedom, it also brings some unexpected losses. Some, like a steady […]
