BC government scraps $1,000 grocery rebate, citing US tariff threats — What it means for residents
In a significant policy shift, the British Columbia government has announced the cancellation of its proposed $1,000 grocery rebate. This decision comes in response to the looming threat of substantial US tariffs on Canadian goods, a move that has prompted the province to reassess its fiscal strategies. Origin of the grocery rebate The grocery rebate […]
Ontarians concerned over US tariffs’ impact on provincial economy
Over 70% of Ontarians are concerned about the potential economic impact of proposed US tariffs on the province, a recent Nanos survey reveals. These tariffs, introduced by President Donald Trump, aim to impose a 25% levy on Canadian imports, excluding oil, which faces a 10% surcharge. In response, Canada plans to implement retaliatory tariffs on […]
Top 10 cheap hotels in Toronto
Toronto’s popularity with international and domestic travellers continues to grow for good reason. Home to world-class museums, culinary delights, engaging festivals, family-friendly outings and iconic attractions, the friendly and safe city offers endless opportunities for exploration. Best of all, while it may have an (often well-earned) reputation as being a pricey metropolis, it does have […]
Buy Canadian: There’s an app for that
The threat of tariffs being placed on Canadian goods heading to the US has plagued Canadians. There’s ongoing insecurity and concern over what it will mean for our economy and what power and control we have as citizens over any of it. Though we are a country known for our congeniality and apologetic nature, an […]
Half of Gen Z Canadians want a prenup
A new TD survey found 52% of Gen Z Canadians want their partner to sign a prenup if they get married or enter a common-law relationship. This is much higher than the national average of 31%. "We know that finances can be a big stressor in relationships and are clearly on the minds of many […]
This Eastern Ontario woman got scammed out of $20,000 after falling victim to fraudsters claiming to work for Scotiabank — here’s how the scheme works and how to protect yourself ASAP
In 2022, Canadians reported losses exceeding $6.7 million due to ‘bank investigator’ frauds, highlighting the growing sophistication of such scams, according to the Canadian Anti-Fraud Centre annual report. The Anti-Fraud Centre lists it in its Top 10 of frauds in the country. In 2022, there were 4,255 reports filed. The average dollar loss per victim […]
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 US […]
I’m 39 years old, my mom passed 7 years ago, and I live with my elderly dad in our family home — but now my broke sister wants to force a sale so she can get some cash. What are my options?
Family inheritances can lead to complex emotions, especially when it comes to real estate. This is a common situation many Canadians face. In this case, a reader finds herself torn between caring for her elderly father and dealing with her sister, who wants to force the sale of their family home to access her share […]
Tips from the late Charlie Munger on how to safeguard your financial future with alternative investments
Even though inflation may be cooling and interest rates dropping, many people are still trying to cope with the impact of higher living costs and how to adequately budget for everyday expenses, let alone long-term or retirement savings. It’s at these times, many investors — beginners and experienced veterans of the equities market — will […]
I’m 65, tired of working and have very little savings — is it possible to live off CPP alone? Yes, but you’ll need to make these 3 big sacrifices
If you plan on retiring and rely primarily on the Canada Pension Plan (CPP) you may have heard you will end up being perpetually cash-strapped. So, does that mean you should stay at your job? Learn to survive on noodles? Or work more to build up savings? To help you decide, you first need to […]