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 […]
Toronto tenant says she was nearly evicted after paying rent — why advocates say it’s becoming common
Toronto resident Sara Basso had been living in the same low-rise for over a decade and ostensibly had a good arrangement with her landlord. That is, until she received what she believed was a “meritless” eviction application in January, she told CBC News (1). Basso received a copy of the application that was filed with […]
Federal Budget 2025 bets big on business — and why that matters to Canadian investors and workers
After 18 months without a federal budget, Ottawa is finally putting its money where its mouth is — and the focus is clearly on investing in Canadian business to help restart Canada’s stalled economy. Framed as an “investment budget,” Prime Minister Mark Carney’s first fiscal framework focuses mostly on big-ticket investment-driving items, rather than spending […]
Flat investment fees promise clarity — but could end up costing you more than you think
I recently received a letter from my financial advisor telling me that some of my accounts are moving from a tiered-fee rate to a flat-fee rate structure starting Jan. 1, 2026. I’m sure I’m not the only Canadian who received the notice, and it got me thinking about what this change really means for us […]
Health-care costs for Canadian families climb to $19,000 in 2025, Fraser Institute warns
A Canadian family of four will pay an estimated $19,060 in public health-care costs this year, according to a new report from the Fraser Institute. The think tank says the figure reflects the real burden households shoulder through taxes, even if Canadian health care services are ‘free’ at the point of use. The report, released […]