Most Canadians aren’t ready for the $1 trillion wealth transfer
As Canada’s population ages, a massive wealth transfer is looming — one experts say many households aren’t ready for. The Great Wealth Transfer, which predicts a staggering $1-trillion reallocation of wealth, has raised concerns about Canadians’ preparedness for what will happen to their estate once they pass away. This concern is not without merit. According […]
Why paying a credit card fee might be the smartest money move you make — and how it could save you hundreds in travel, perks and protection
For the longest time, I steadfastly refused to get any credit card that came with an annual fee. The idea of paying a price to use a credit card just sounded utterly ridiculous to me. The only time I ever applied for a card with an annual fee was when that fee was waived for […]
Home prices under $500K? These 10 Alberta towns still offer it — and one town has an average home price of $270K!
Anyone who’s spent time in Alberta knows the province marches to the beat of its own drum. Thinking about making the move to Wild Rose Country? You’re in the right place. From the jaw-dropping Rocky Mountains to the endless boreal forests, and even the pancake-flat prairies (don’t knock it till you’ve caught one of those […]
Rising costs push 3 in 4 Canadians to skip restaurants and rethink eating out as a luxury
Canadian restaurants are facing a perfect storm in 2025. Rising operational costs and shifting consumer habits are squeezing margins, while families are reconsidering dining out — often cutting it from their budget and considering it a discretionary expense. A recent report from Restaurants Canada shows three in four Canadians are eating out less due to […]
60% of Canada’s indie cinemas are in the red — here’s what we’ll lose if they disappear
Last week a call went out from Canada’s film industry urging support for independent cinemas and Canadian films. The message highlighted not only cultural concerns but also the financial pressures facing small businesses, strained revenue models and the risk of communities losing vital gathering spaces. A fragile ecosystem under strain According to a recent survey […]
Over $7K to insure a car in Alberta — How the province got to this point and is there any relief in sight?
How much would you pay to insure your vehicle? Would you pay $3,000, $4,000 even $5,000 per year? What about $7,000? For one Edmonton resident, that question isn’t rhetorical. Wali Hassan, a 21 year-old Edmonton resident, recently fully insured a 2018 Honda Civic — he was required to do so per the terms of his […]
Stop leaving money on the table: How dividend investing can build lasting wealth for Canadians
Dividends are payments made by publicly traded companies to their shareholders. But beyond the dictionary definition, a dividend paying stock can be an important tool for growing an investment portfolio, particularly if you opt to reinvest your dividends to buy additional stock shares. Dividend payments can provide income for shareholders of all ages. And financial […]
76% of newcomers fear financial missteps, TD survey finds
Many recent immigrants say they feel held back by a lack of knowledge about investing, banking and Canada’s economy. More than three-quarters (76%) of newcomers to Canada say they’re anxious about making a financial mistake, according to a new survey from TD. The findings suggest that while ambition is strong among recent immigrants, many feel […]
Punished for being poor: One man calls NSF fees a “poverty tax” and Redditors have thoughts
It started with a Reddit post. User u/Important-Day-8936 shared their frustration with being charged over $1,000 in non-sufficient funds (NSF) fees within a year. “Not because I was irresponsible,” they wrote, “but because I was/am still financially struggling.” "NSF fees are a poverty tax," the redditor declared, "and I’m done staying quiet." Their post hit […]
“I lost everything”: Newcomer alleges $500K scam in Yukon immigration nightmare
A second lawsuit has been filed against a Whitehorse immigration consultant, alleging that nearly half a million dollars was lost in what the plaintiff calls a fraudulent immigration scheme linked to the Yukon Business Nominee Program. Franklin Lee, a Hong Kong national seeking permanent residency in Canada, filed a statement of claim earlier this month […]