76-year-old says he has been left homeless after struggling with the cost of living- experts say he isn’t alone
The cost of living crisis is weighing heavily on many Canadians, and one P.E.I. senior is buckling under the strain. David Turner, a 76-year-old, told CTV News (1) that he was forced to live in his car for the past two months due to "mounting debts" and unpaid rent. It isn’t the first time Turner […]
Budget 2025 opens the door to growth: How investors and entrepreneurs can turn new tax credits into profit
The 2025 federal budget introduced a series of tax incentives designed to stimulate investment, innovation and productivity — particularly in sectors tied to clean technology, manufacturing and research. While many of these measures aim to strengthen Canada’s long-term competitiveness, they also create new opportunities for investors and small businesses to improve cash flow and lower […]
50% of Canadian pet parents avoid taking their pets to a veterinarian: study reveals
Half of Canadian pet parents say they’ve skipped or declined vet care for their pets, according to a PetSmart Charities of Canada-Gallup study (1). The biggest reason? Cost. But travel distance matters, too — the farther a clinic is, the more likely pet parents are to put off a visit. The research offers a first-ever […]
Canadian households pull back as spending slows in last half of 2025, RBC reports
Canadian consumer spending eased in August, according to RBC’s latest Consumer Spending Tracker, signalling that many households are trimming budgets and rethinking priorities. RBC’s total cardholder spending dropped by 2.2% month-over-month from July, while core retail sales (excluding automobiles and gasoline) posted just a 0.4% gain. This marks the third straight month of slowing growth […]
Costco Canada: Are the deals worth It? Canadians have their say
Grocery bills are eating up a sizeable portion of Canadian household budgets, and families are looking for every possible way to stretch their dollar. In 2023, the average household spent about $12,000 a year on food, according to Statistics Canada — roughly $1,000 a month when you include groceries and restaurant meals. Just keeping the […]
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. […]
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 […]
“Free” iPhone 17? Why that bank promo might cost you more than you think
Free iPhone 17 just for opening a bank account? Sounds like a no-brainer, right? Canadian banks and fintechs continually roll out flashy promotions to lure in new customers — offering everything from Apple gear to cold hard cash. While these perks are tempting, the fine print can turn that “free” iPhone into a surprisingly expensive […]
I’ve handed in my retirement notice and now the reality is hitting me. How can I prepare for the rest of my life, especially financially?
A record number of Americans hit retirement age this year — and are marking the occasion by handing in their retirement notices. But for many, their financial future is uncertain. In fact an estimated 4.1 million Americans will be retiring every year from now through 2027. It’s a phenomenon Jason Fichtner, executive director of Alliance […]
Made a mistake on your taxes? CRA is making it easier to come clean
There’s good news for Canadians who may have accidentally or unwillingly made a mistake on their taxes in the past. Starting October 1, 2025, the Canada Revenue Agency (CRA) will roll out changes to its Voluntary Disclosures Program (VDP). This initiative is designed to help taxpayers correct past mistakes without facing the full brunt of […]