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 […]
Simons steps into Eaton’s shoes as Canadian department store legacy gets a second act
Hudson’s Bay has shuttered stores and Nordstrom has exited the Canadian market. Meanwhile, one family-run brand is moving in. Quebec-based La Maison Simons is set to expand into some of the most coveted department store real estate in the country, reviving a model many had written off. By late 2025, Simons will open a flagship […]
Locked out of opportunity: 59% of new Canadians say credit barriers are holding back their future
According to a new TD Bank survey, 59% of new Canadians who have applied for credit believe they would have a better living experience if they had improved access, and 79% say it’s difficult to build credit history in Canada. The poll focused on people who have arrived within the past five years, a period […]
Three-quarters of Canadian business leaders are investing at least as much as their American competitors
Despite a challenging economic climate, Canadian business leaders remain bullish on investment, even outpacing their U.S. and global peers in some areas. But that optimism is tempered by a warning: Without urgent policy action, Canada risks falling behind where it matters most, productivity-enhancing technology. A new KPMG survey finds that three-quarters of Canadian executives say […]
Cheers to that: Ontario is slashing booze taxes just in time for the August long weekend
Whether you’re sipping gin on the dock, cracking open a craft brew at a backyard BBQ or stocking up on coolers for the long weekend, Ontario has something to cheers to on August 1 that could give both your wallet — and the provincial economy — a boost. How did we get here? A budget […]
When grief meets taxes: The $660,000 mistake you don’t want your family to make
Ashley Galea never imagined that losing both parents in the same year would bring not just grief, but also a six-figure tax bill that swallowed nearly all of their retirement savings. “It made me more angry than anything,” Galea told CTV News. “We lost both our parents inside 11 months and (the Canada Revenue Agency) […]
One year on, Calgary’s $3bn hailstorm still has Canada playing catch-up
A year after the second costliest natural disaster in Canadian history, insurers, homeowners and city officials say the country still lacks a unified plan to respond to extreme weather events. On August 5, 2024, massive hailstones pummelled northeast Calgary, causing nearly $3 billion in insured damages. Most of that damage was to homes and vehicles. […]
‘Stupidest idea I’ve ever heard’: Kevin O’Leary rips apart Dave Ramsey’s advice for couples — why he thinks all women should take this one step
Fifteen years ago, just 3% of Americans who were married or engaged had signed a prenup. By 2022, this number had grown to 15% [1]. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don’t have to deal with tenants or fix freezers. […]
Canadian students forced to rethink post-grad plans, says Simplii survey
As a new academic year begins, Canadian students are confronting a sobering job market, with many unsure about their post-graduation prospects. A recent survey by Ipsos for Simplii Financial finds that less than half (48%) of students feel confident about landing a job, and only 51% believe their education has adequately prepared them for the […]
Billions in investment and thousands of new jobs up for grabs if Canada can lead global clean energy economy, report finds
Canada is staring down one of its biggest economic opportunities in decades, according to a recent report from New Economy Canada. As global investment in clean energy and technology surges past $3 trillion annually, new economic research argues that Canada is well-positioned to attract a significant share of capital and job creation, if governments across […]