After a brief hiatus, the federal government is set to reintroduce incentives for electric vehicle (EV) buyers, aiming to accelerate Canada’s transition to greener transportation and ease the upfront cost burden for consumers. The announcement, made by Minister of Transport Lisa Joly earlier this month, marks a significant policy shift intended to support environmental goals while providing tangible financial relief to Canadians.
“We recognize the importance of making electric vehicles more accessible and affordable,” Minister Joly said in a press briefing. The revived incentives are expected to offer up to $5,000 off the purchase price of eligible EVs, a figure designed to bring EV ownership within reach of more Canadians amid rising interest in sustainable options.
Incentives return amid rising EV popularity
The move comes after the federal incentive program was paused earlier this year, sparking concerns from both industry experts and consumers alike. According to Transport Canada, electric vehicle sales in Canada surged by over 55% in 2024 compared to the previous year, demonstrating a growing appetite for clean vehicles despite their higher upfront costs relative to traditional gas-powered cars.
For prospective buyers, the incentive could be a decisive factor. “I was holding off on purchasing an EV because of the price, but this rebate makes it more doable,” said Reddit user CanuckDriver95 on r/canada. Their sentiment echoed through the community, with many users expressing cautious optimism about the government’s renewed commitment.
Balancing cost and climate goals
While the $5,000 incentive may not cover the entire price gap between EVs and conventional vehicles, it significantly lowers the financial barrier. Data from the Canadian Vehicle Manufacturers’ Association indicates the average price of an electric vehicle in Canada hovers around $57,000, compared to approximately $44,000 for a new gas-powered car.
“It’s a step in the right direction,” said EcoCanuck, another Reddit contributor. “The initial cost is still high, but incentives like these make EVs more accessible, and that’s crucial for climate progress.”
The incentives will apply to eligible vehicles priced under $55,000, with an additional $2,500 available for models under $45,000, encouraging consumers to choose more affordable, mass-market EV options.
What should consumers consider?
While the rebate is enticing, potential buyers should weigh other factors, including charging infrastructure, battery life and long-term maintenance costs. According to Natural Resources Canada, operating costs for EVs can be significantly lower than for gasoline vehicles, with savings of up to $1,000 annually on fuel and maintenance.
Financial planners recommend consumers factor in provincial incentives as well, which can add thousands more in rebates depending on location. For example, Quebec offers up to $8,000 in provincial rebates, while British Columbia provides up to $3,000.
What EV incentives mean for your bottom line
The return of federal EV incentives signals a broader trend in Canada’s commitment to sustainable living and responsible spending. For Canadians seeking to lower their carbon footprint without breaking the bank, the timing couldn’t be better.
Adam Thorn, Program Director of Transportation at the Pembina Institute, has emphasized the importance of supporting consumers during the transition to electric vehicles. He notes that incentives play a crucial role in making EVs more accessible, especially for middle- and low-income buyers. “Tiering EV incentives based on income — like British Columbia has done — will help ensure tax dollars reach consumers that need it most,” Thorn said.
The road ahead: Why now is the time to consider an EV
As Canada reintroduces EV incentives, the decision signals more than just a rebate. It represents a broader commitment to building a low-carbon future that’s financially accessible to more Canadians. By addressing both environmental imperatives and economic barriers, the federal government is setting the stage for widespread EV adoption, especially as consumers grow increasingly conscious of sustainability and long-term value.
While the initial cost of EVs may still give some buyers pause, the combination of federal and provincial incentives, lower operating expenses and expanding infrastructure offers a clearer path forward. For many households, this policy shift could make the difference between delaying and diving into electric mobility. As climate pressures mount and energy costs fluctuate, EVs — and the incentives that support them — are no longer just a lifestyle choice; they’re quickly becoming a practical financial strategy and a cornerstone of Canada’s transportation future.
Sources
1. Reddit: r/Canada: Ottawa to bring back EV incentives: Minister Joly
2. Electric Autonomy Canada: Eligibility for Canada’s EV incentives should be income-based (August 26, 2022)
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
It’s easy to go overboard when you’re getting a new pet. Whether it’s supplies, toys or even clothes, some things are just too cute to pass up. But these things quickly add up, even if you try to stick to necessities. It’s possible to budget and plan for your new furry addition, and we’ve put together a list of expenses to plan for during that first year.
Canadians love their pets
Pet ownership in Canada has reached new heights, with about half of households sharing their homes with furry family members. According to the Canadian Animal Health Institute, that equates to 7.9 million dogs and 8.5 million cats. While these furry companions bring immeasurable happiness and joy to our lives, it’s important to recognize and plan for the financial responsibilities that come with pet parenthood.
The commitment extends far beyond the initial adoption or purchase costs. Pet parents need to provide essential care, including quality nutrition, regular grooming services, veterinary care and various other necessities. Statistics from Rover.com highlight a significant 12% increase in pet-related expenses since 2022, mainly due to inflation that’s caused everything from pet food to vet bills to go up in price, making financial planning more crucial than ever.
Fortunately, by being proactive, you can manage and reduce pet care costs.. By understanding and anticipating both immediate and long-term expenses associated with pet ownership, you can develop a practical budget that ensures your beloved companion receives the best care while maintaining financial stability.
If this is the year you’ve decided to bring home a pet, we’ve broken down the costs you can expect in the first year for a new dog or cat. We’ve focused on dog and cats for the purpose of this article as they are the most popular (and expensive) pets, but I do know there are other pets out there, such as bunnies and guinea pigs, that people love to have in their homes.
Bringing a new dog home: First-year costs
When you bring a new dog into your home, there are several initial expenses to consider. These one-time costs include both the price of acquiring your pet and essential supplies needed to provide proper care.
We’ll also cover the must-have items you’ll need before welcoming your new companion, including feeding equipment, grooming tools and walking accessories.
While these are typically considered one-time purchases, it’s important to budget for eventual replacements. Items may need to be replaced due to normal wear and tear, and puppies will outgrow their initial supplies as they mature into adult dogs. You may want to spend more on quality, brand name products that will last years instead of months. For instance, a well-made harness will cost more up front, but replacing it with a cheaper model every few months or years will add up over time.
You can expect to pay upwards of $5,000 to $7,000 in the first year of getting a puppy (it’ll be closer to the higher end if you’re purchasing a purebred puppy from a breeder, and of course, it depends on the dog breed).
You’re thinking to yourself “What? That much for a puppy?! But I’m planning to adopt, won’t that bring down the amount?” While most adoptable dogs are cheaper than ones from a breeder (plus, they come spayed or neutered), that’s just one piece of the puzzle. If you’re planning on bringing home an adult dog, it’s a bit cheaper — the price is more like $4,000.
Read More: A surprise trip to the vet can cost $1,000 or more. Don’t get caught off guard. See how pet insurance can ease the stress — and cost — of caring for fur babies. Protect yourself now
Here are just a few of the common costs that can come with the first year of puppy/dog ownership (these are approximate costs):
Breeder costs: $1,000 to $4,500
Adoption fees: $200 to $800
Total veterinarian bills: Around $2,000
Veterinary exams with vaccines: $500 to $600
Neuter/spay: $750 to $1,200
Microchip dog cost: $45 to $95
Deworming medication: $70 to $80
Pet Insurance: $600 to $1,800 per month
Pet food: $1,100
Grooming: $60 to $150
Collar and leash: $50
Bed: $30 to $70
Crate: $100 to $300
Obedience classes: $500
Licence: $35
Additional costs to consider when owning a dog include pet care services like dog walkers or doggy daycare, especially if you work full-time out of the home. These services ensure your pet gets proper exercise and attention during the day. When planning vacations, you’ll need to factor in boarding facilities or pet sitting services, unless you opt for pet-friendly travel destinations.
Property damage is another financial consideration of dog ownership. Dogs may occasionally have accidents indoors, and puppies or anxious dogs might exhibit destructive behavior like chewing furniture or causing damage to flooring and carpets (I know this one too well). It’s important to budget for potential repairs or replacements of damaged items.
Bringing a new cat home: First-year costs
The financial commitment of cat ownership is less than that of dogs, with Canadian pet parents spending an average of $2,542 annually on their feline friends, according to Statista. First-time kitten parents should prepare for higher initial costs compared to subsequent years of cat ownership. The Ontario Veterinary Medical Association reports that the first year of kitten care typically costs between $3,091 and $3,231. This higher first-year expense is due to one-time purchases and essential medical procedures that set your kitten up for a healthy life.
Here are just a few of the common costs that can come with the first year of kitten/cat ownership (these are approximate costs):
Total veterinarian bills: $1,500 to $1,800
Vaccinations: $500 to $600
Spay/neuter: $600 to $800
Microchip: $45 to $95
Deworming medication: $70 to $80
Peet insurance: $29 to $35
Pet food: $500 to $700
Collar: $20
Bed: $50
Scratching post: $40
Litter and litter box: $275
Licence: $15
Final word
It’s easy to get in over your head when it comes to the first year of pet ownership costs. But by planning ahead and budgeting, your new dog or cat will have everything they need when you welcome them into your home.
Sources
1. Canadian Animal Health Institute: Biennial pet population survey shines a light on how pet population statistics changed over the course of the COVID-19 pandemic, and pet owner habits.
Buying a vehicle you’ve admired for years is a major accomplishment. But for an Ontario family, their dream purchase turned into an auto theft nightmare.
In 2023, Frank Rizqo’s relatives in Toronto purchased a 2019 Porsche Cayenne from a local dealership, finally crossing off a monumental entry on their bucket list. But the car was stolen from them just months later. To make matters even worse, when the family tried to claim insurance through TD Insurance for the theft, they were told they would be on the hook for the $100,000 left in car payments.
“Our investigation has concluded that the VIN is fictitious and registered to another vehicle. Therefore, there will be no coverage for the loss,” a letter from TD stated, uncovered by CTV News.
The news shocked Rizqo, as his relatives had purchased the vehicle through a reliable dealership and bought car insurance as a fail-safe. As it turns out, they were victims of a complex auto theft scheme known as “re-vinning.”
How re-vinning allows thieves to sell stolen vehicles
According to the Insurance Bureau of Canada (IBC), re-vinning is a process of illegally altering a stolen vehicle’s Vehicle Identification Number (VIN) to sell it to unsuspecting parties.
To re-vin a vehicle, criminals purchase vehicle registration information from ServiceOntario sites and then illegally register that acquired VIN to a stolen vehicle. They exploit a number of procedural vulnerabilities at various government levels to do so. In some cases, ServiceOntario staff have been arrested for assisting auto theft crime rings get sensitive information for re-vinning purposes.
After a thorough investigation involving CTV News and Carfax’s president, Shawn Vording, they concluded that Rizqo’s relative’s Porsche was likely a re-vinned vehicle.
First, they found differing odometer amounts on the vehicle, potentially pointing to odometer fraud. But, when Vording found two different car records with the same VIN in two different provinces, he concluded the car was likely re-vinned.
Unfortunately, Rizqo’s relatives aren’t the only Canadians buying stolen vehicles.
The IBC reported that auto theft in Canada has risen 138% from the first half 2014 to the first half of 2024. Ontario was one of the hardest hit regions, with auto theft rising 291% in the same period, whereas Alberta only saw a 48%.
Police in Canada estimate that nearly one-third of vehicles resold in Canada are potentially re-vinned and sold, CBC News reported last year.
With re-vinning and auto theft being so prevalent in the country, is there anything Canadians can do? Turns out, you have a few options.
How to identify a stolen or re-vinned vehicle
Buying a used vehicle may carry substantial risk if you don’t perform proper due diligence. Here are some tips to get you started.
Review the Canadian Police Information Centre database: The Canadian Police Information Centre has a VIN search page consumers can use to check the VINs on any vehicle they are interested in.
Double-check VIN stickers: Check the VIN stickers on the dashboard and on the divider between the front and back door on the driver’s side. If the sticker is bubbling in any way, this could be a sign a fraudulent sticker was placed above the real one.
Obtain third-party reports: Vehicle history reports from companies such as Carfax can reveal a shady history underneath a vehicle’s hood. This can bring up any red flags that point to the car being stolen.
What to do if your vehicle turns out to be stolen
If worse comes to worst and you end up in the same position as Rizqo’s relatives — with a stolen car and a rejected insurance claim — what are your options? Here are some ways you can find recourse:
Pursue a civil claim: So long as the person or dealership was negligent or malicious in selling you the vehicle, you may be able to pursue a claim against them to recover funds.
Apply for compensation with the OMVIC: Ontario’s Motor Vehicle Industry Council has a compensation fund that can be accessed by consumers hit by auto fraud and meet certain requirements.
Appeal the claim rejection: If all other options fail, you can try appealing the insurance claim denial, but this is likely best done with the help of a legal professional.
As auto theft and re-vinning continue to plague Canadians across the country, consumers need to keep their eyes peeled for any red flags when purchasing a vehicle. Even if you’re purchasing the car of your dreams, make sure to take off your rose-colored glasses before signing a contract.
Sources
1. CTV News: They bought a car from a dealership but it turned out to be stolen. This is how it happened., by Jon Woodward (Jun 16, 2025)
2. Insurance Bureau of Canada: Combatting Canada’s Auto Theft Crisis: Tackling ReVINing, by Hanna Beydoun (Aug 8, 2024)
3. CBC News: 7 arrested after police investigate auto theft ring that allegedly involved ServiceOntario employees, by Muriel Draaisma (Dec 6, 2023)
4. Insurance Bureau of Canada: New data shows auto theft continues to soar above historical levels (Oct 2, 2024)
5. CBC News: New data shows auto theft continues to soar above historical levels, by David Common (Apr 24, 2024)
Ontario just gave the green light to a new kind of bar crawl, one that moves on wheels.
As of Canada Day, “pedal pubs” — those multi-person party bikes seen rolling through cities like Toronto and Ottawa — can now legally sell and serve alcohol while on the move. Until now, the rides were strictly booze-free, with drinks only allowed during scheduled stops at bars or breweries.
That changed with new amendments to Ontario’s Liquor Licence and Control Act. The update allows pedal pub operators to apply for mobile liquor licences through the Alcohol and Gaming Commission of Ontario (AGCO), the provincial body that regulates alcohol sales, cannabis, gambling and horse racing. Local municipalities will still have the final say on routes, schedules and safety rules.
The pedal pub concept isn’t new. Ontario launched a dry pilot program back in 2022 in cities like Windsor, Niagara-on-the-Lake and Ottawa. But this latest change could turn them from novelty rides into a rolling part of the province’s tourism economy.
Turning pedals into profits
When Ontario announced it would allow alcohol sales on pedal pubs, the move wasn’t just about fun. It was about fuelling a sector still rebounding from pandemic losses.
“This change will stimulate tourism, bring communities together and protect local jobs,” said Attorney General Doug Downey, pointing to the province’s $32-billion tourism economy, which supports more than 325,000 jobs.
Operators are betting on it. By letting riders sip mid-tour instead of hopping off at bars, pedal pub companies expect longer tours, higher ticket prices and more dollars flowing to nearby restaurants, breweries and shops.
There’s already proof this model works.
In Winnipeg, Pedal Pub ran roughly 500 tours over two years. With about 13 riders on each one, the operator estimates every tour brought in around $1,200 in spending at local businesses — whether it was craft beer, charcuterie or brunch before boarding. That’s over $60,000 a season, all from a single rolling bike.
Ontario’s Large Cycle Association says those kinds of numbers are the norm. In 2022, Pedal Pub Toronto launched with just two bikes and 13 employees. Multiply that across a few more bikes and a summer’s worth of tours, and you’ve got a small but mighty boost to local employment.
It’s not just a party on wheels anymore. It’s a moving piece of the local economy.
Nashville knows the drill
If Ontario wants a preview of how boozy bike bars can play out, it only has to look south.
Nashville embraced pedal taverns years ago, licensing roughly 26 of the rolling group bikes. They quickly became a fixture of the city’s entertainment district, beloved by tourists, especially bachelor and bachelorette parties, and loathed by some locals stuck behind them in traffic.
At their peak, pedal pubs in Nashville were often booked solid during peak travel months. The economic upside was clear: more foot traffic, more drink sales and more bookings for local attractions. But that popularity came with congestion headaches. Reddit threads still document downtown backups and frustration from rideshare drivers and residents alike.
Eventually, Nashville’s licensing board debated whether to cap or scale back permits, citing safety and gridlock concerns. That push and pull between opportunity and oversight offers a valuable lesson for Ontario cities now plotting their own routes.
Before you climb aboard
Ontario’s version of the pedal pub will come with its own set of rules, designed to keep the party rolling safely.
First, you’ll need to be legal drinking age, 19 or older, and carry valid photo ID. Riders typically sign a waiver before boarding, just like at any activity-based attraction.
Despite the drinks flowing onboard, the person steering the vehicle won’t be partaking. All pedal pubs require a trained, sober driver to guide the group, whether it’s navigating Queen St. West or weaving through wine country.
Routes and hours will be set by each municipality, with local councils deciding where the bikes can go and when. That gives cities flexibility to avoid traffic choke points and respond to community concerns.
Behind the scenes, operators will likely need serious insurance. In the U.S., that includes liquor liability, auto coverage and inland marine insurance to cover the bikes themselves. Similar requirements are expected here, and will be key to keeping operators, riders and the public protected.
Serious business
Ontario’s move to legalize alcohol on pedal pubs might seem like a novelty but it’s got serious business potential. Whether it’s winery loops in Niagara or patio crawls in downtown Ottawa, these rolling barstools could open up a fresh revenue stream for the province’s $32-billion tourism sector.
Each tour has the potential to pump more than $1,000 into surrounding businesses. Multiply that by dozens of tours a week, across multiple cities, and the numbers add up quickly.
Still, success won’t come from good vibes alone. It’ll depend on smart licensing, strong safety standards and the ability to learn from cities like Nashville. where too much of a good thing nearly became too much to handle.
If Ontario gets it right, pedal pubs could become more than just a ride. They could be a new chapter in the province’s post-pandemic tourism playbook: Loud, lively and built for the long haul.
Sources
1. CityNews: Ford government to allow alcohol on ‘pedal pubs’ (Juine 27, 2025)
2. Reddit: r/Nashville: Nashville leaders say downtown has enough pedal vehicles, ask for new permits to be denied
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
You’ve hit your late 50s, you’ve got a nice cushion in your Registered Retirement Savings Plan (RRSP) and suddenly you find yourself wondering if that cushion will provide you with enough comfort to retire today.
The promising news is that yes, you may be able to retire today at 58 years old with $970,000 in your RRSP. But you’ve got enough life experience now to know there’s always a bit more nuance than that.
Retiring earlier means you’ll need to wait a couple years before you can start claiming Canada Pension Plan (CPP) benefits. And it means needing a solid plan on your retirement expenses, health care and even taxes.
Don’t have that all set in stone? Then you may have to delay retirement.
Here’s what to consider before handing in your notice.
Get a clear picture of your financial situation
Deciding if it’s possible for you to retire will depend on whether you have a clear idea of how you’ll cover your expenses if you stop working. Since you can’t claim CPP benefits just yet, the $970,000 in your RRSP needs to be truly enough to cover all of your expenses until you can.
Many retirees use a common retirement budgeting tactic, the 4% rule, to ensure there’s enough money from their retirement accounts when making withdrawals, even when adjusted for inflation. With $970,000 in a RRSP, you can typically withdraw $38,800 each year before taxes. Of course, your retirement income may be higher if you have more assets held in other retirement accounts.
Look at your spending now and whether this will change once you retire. Aside from costs like food, clothing and transportation, take a look at what you owe as well.
For example, do you still have personal loans you need to pay off? Will it be a few years before you no longer have a mortgage? If so, you need to factor in your monthly payments in your retirement budget.
Compare your spending with your retirement income — is it enough to live on? Do you have other income sources like investments from brokerage accounts or pensions (assuming you can tap into them right now)?
If not, you may need to hold off until you have more in your nest egg. Or perhaps when you can start to claim CPP benefits if you’ll need to rely on that extra boost to afford your retirement expenses.
Debt Hack: If you still have debt, consider lowering the interest cost on that debt with a lower-interest loan. To find low interest rate loans quickly, use a rate consolidator such as Loans Canada. By working with multiple lenders across Canada, Loans Canada can offer competitive rates with better terms.
Making early retirement work for you
Still want to retire early? Here’s where getting crystal clear comes in handy: If you’re not clear on your income and expenses, you could be at risk of running out of money down the line.
As in, it’s still possible to make it work if you’re willing to get creative with how you can afford it.
Say you estimate your retirement expenses will be $50,000 each year and your only income source is your RRSP until you decide to claim CPP benefits when you’re 60. In this case, you’ll need to cover around a $12,000 shortfall (it’ll depend on how much you need to pay in taxes) for the next two years.
Instead of leaving your career entirely, see if you can work part-time hours or freelance for your current employer. Side hustles or gig work is another way to fill in any income gaps. Your skills may easily lend themselves to a side business idea. That way, you can free up some time to pursue your ideal retirement lifestyle while earning income.
Another option is to find ways to drastically reduce your expenses like downsizing to a smaller home, relocating to a lower cost of living area or selling one of your cars. Giving yourself that financial breathing room can take a lot of pressure off finding part-time work, or feeling that you have to wait longer before retirement is on the horizon.
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Like it or not, the reality is that tipping is an important part of how service workers are able to earn enough money to try to make ends meet in Canada. While an H&R Block survey reveals strong support for tipping culture, there is not only a sense of fatigue among Canadians, the survey reveals 47% don’t know that tips are taxable income.
"It’s important to emphasize that tips are considered taxable income, by law, even if your employer does not include any tip amount on your T4 slip. But the good news is there are many ways to make your tips work in your favour when it comes to filing your taxes," Yannick Lemay, H&R Block Canada tax expert, said in a statement.
"Not only are there numerous deductions, benefits and credits you can leverage, there are tax-friendly ways to use your tips to invest in your professional growth and well-being and bolster your savings."
The survey also revealed that nearly one in three Canadians have worked a service job at some point.
The tax implications of tips
Most Canadians know that tips count as taxable income — but not everyone is on the same page.
A recent survey found that 84% of Canadians understand that tips, whether given in cash, by credit card or through other payment methods, must be declared for tax purposes. However, 16% were unaware that tips need to be reported as income.
Despite this, many Canadians still assume cash tips can fly under the radar. Nearly half say they prefer to tip in cash, believing it spares the recipient from having to pay taxes on it.
There’s also confusion about where tip money actually ends up. Half of Canadians think their tip goes straight to the worker, while the other half believe it lands in the employer’s hands instead.
With tipping culture evolving and digital payments becoming the norm, it seems Canadians still have some uncertainty about how their gratuities are handled.
Are Canadians getting tired of tipping?
Using digital means to pay a bill brings about its own frustrations for customers. A colossal 94% of Canadians say they’re annoyed by card payment machines prompting tip options for services that tips or gratuities weren’t previously expected, for example, at the convenience store. Their frustration is exacerbated by their sense of responsibility when faced with that tip option, with more than half of Canadians reporting they feel awkward skipping the tap prompt, and tend to leave a tip anyway.
Overall, 53% of Canadians consider themselves to frugal tippers, typically opting for the lower tip option and/or only tipping for exceptional service. This compares to 39% who say they’re generous tippers and tend to opt for the higher tip amount or tip most services.
Bottom line
Tipping culture in Canada is clearly evolving, bringing with it a mix of confusion, frustration and financial responsibility. While many Canadians support tipping, there’s a growing weariness around digital tip prompts and uncertainty about how tips are taxed and distributed. At the same time, service workers rely on gratuities as a crucial part of their income, making it essential for them to understand their tax obligations.
Whether you’re a customer navigating tipping fatigue or a worker ensuring compliance at tax time, staying informed can help make the process smoother for everyone.
Survey methodology
The survey was conducted online in English and French between February 12 and 13 among 1,790 representative Canadians.
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Cross-border trips from Canada to the United States hit a pandemic low in February, according to new data showing a sharp decline of nearly 500,000 travelers compared to last year. In February 2025, Canadian travel to the US dropped by 235,000 trips, according to CBP data, marking the steepest year-over-year decline.
This trend comes on the heels of a steady recovery in international travel since the easing of pandemic restrictions, but Canadian trips have yet to fully rebound. Trade tensions between Canada and our southern neighbour have certainly contributed to hesitancy of Canadians to taking a trip across the border.
Tariffs take hold
It has been a stressful time for our two nations, as hefty tariffs hit consumers in the wake of the President Donald Trump returning to the White House. Canadians have taken notice, and have taken action. The Elbows Up and Buy Canadian movements have inspired the nation’s citizens to choose alternative countries to visit and from which to purchase. And the movement is only beginning and is picking up momentum.
Barbara Barrett, executive director of the Frontier Duty Free Association, described the sharp drop in cross-border travel as "catastrophic," telling CBC News that sales at duty-free shops along the Canadian border have plummeted by about 80% compared to pre-pandemic levels. She said the industry has never fully recovered since COVID-19, and recent disruptions have made matters worse.
"Without exaggeration, it’s a crisis,” Barrett stated, adding that the situation feels "pandemic-level" as border traffic remains significantly lower than before.
Reddit weighs in
Canadians and Americans alike have taken to social media to voice their thoughts on both the tariffs as well as the impact of the Buy Canadian movement. While some feel it’s a waste of time, just a statement and performative, others agree the collective voice and action of Canadians will send a loud and expensive message across the border.
Reddit user shpydar is solidly in the latter camp, and offers some stats to prove it.
"Now let’s put this in perspective on how this part of our resistance to US tariffs and threat to annexation will be devastating for the US economy," he said on Reddit.
"Canadians are not only the single largest group of international travelers to the US making a whopping 31% of all international travelers to the US in 2023, we also spend the most money on tourism in the US accounting for 24.1% of all tourism dollars earned in the US in 2023.
If the US continues to apply tariffs and threaten our sovereignty, a lot of US citizens will lose their jobs, especially if this continues into summer.
Elbows up! It’s working."
Redditor peeinian agrees. "It’s also not worth shopping there. The prices are the same, if not more than in Canada, then add 40% exchange, 25% tariff and 6% GST and you’re paying almost double," he said.
"CBSA has been pulling almost everyone in that is over their exemption limit to pay tariffs and duty since the trade war started. For years they wouldn’t bother if you kept it under $100/person for a day trip."
Though sentiment is largely positive about the news of the decline, where there was disappoinment in the numbers, it wasn’t because people thought it was a waste of time. In fact, where there was disappointment, it was the opposite.
"That number should be much higher. It’s only a 13% decline from a year ago," according to HelloKleo.
What’s next for Canada and the US?
Canada and the US are more than just neighbours — they’re each other’s biggest economic lifelines. In 2022 alone, they traded nearly a trillion dollars in goods and services, and Canada remains the top customer for most US states. But that relationship is hitting some serious turbulence.
Earlier this year, President Donald Trump slapped new tariffs on Canadian imports, citing border security concerns. Canada fired back with its own countermeasures, setting the stage for a fresh trade war. Experts warn this could send shockwaves through both economies, pushing up prices, slowing growth and disrupting industries that rely on smooth cross-border trade.
The US economy is already expected to grow slower than originally predicted, with inflation likely to rise. Canada, heavily dependent on US trade, won’t escape the impact either. Businesses on both sides of the border are bracing for a rough ride, with some American firms already feeling the pinch.
As tensions escalate, the big question is whether cooler heads will prevail — or if this economic standoff will only get worse.
Calgary has been steadily growing in popularity over the last decade or so, thanks to affordable housing (compared to Canada’s other urban centres), a booming job market and proximity to some of Canada’s most stunning landscapes. If you’re thinking of moving there, check out this list of 12 of the best neighbourhoods in Calgary.
Methodology
To create our list, we focused on factors like liveability, good schools, affordability, access to parks, safety and transit. To gather data, we used a variety of sources, mainly relying on numerous community websites, as well as Zumper, CMHC, Remax and other real estate sites to get housing prices. Neighbourhoods varied widely as to the amount of detailed information that was available.
Here are the top 12 neighbourhoods in Calgary
1. Beltline
Key features: Parks, close to downtown, a little bit of everything
Average house price: $485,483
Average rental cost of 2-bedroom apartment: $2,759
Robert Vincelli | Shutterstock
Located just south of Downtown Calgary (making it ideal for young professionals who work in the inner city), this bustling urban hub is jam-packed with amenities. It’s got a wonderful mix of retail shops, lively bars and restaurants, as well as businesses like banks, medical services and yoga studios so you never have to go far to get what you need. The area is especially popular for its nightlife, with plenty of brew pubs, live music and dance clubs. The Beltline Urban Murals Project showcases public art (and is part of the popular BUMP festival) so you’re essentially living amidst an open-air art gallery. The neighbourhood is also home to Central Memorial Park, a large space that is the city’s oldest park. Beltline also has good access to transit via several buses and the relatively close C-Train, and it also has plans to create two kilometres of protected bike lanes.
2. Altadore
Key features: Family friendly, lots of parks, shopping and good schools
Average house price: $1,324,937
Average rental cost of 2-bedroom apartment: $1,906
Jeff Whyte | Shutterstock
One of the best (and more expensive) neighbourhoods in Calgary for families, as well as for young professionals, Altadore lives up to the old cliche that it really does have something for everyone. Offering a mix of bungalows, luxury homes and condos, it’s close to one of Calgary’s most popular shopping and dining districts (there’s over 190 retailers), Marda Loop, so you’re never far from great shopping, dining and activity options. The area also has top schools, parks, daycares and an arena. In the summer, Sandy Beach with its pathways and picnic areas is a popular community hang out. While it is one of Calgary’s more expensive areas, Altadore gets top marks for safety and overall livability.
3. Sunnyside
Key features: Great transit, scenic views of Bow River, good schools
Average house price: $455,596
Average rental cost of 2-bedroom apartment: $2,245
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Close to the downtown core (which can be easily accessed via a leisurely walk across the pedestrian Peace Bridge), on the north side of the Bow River, this picturesque neighbourhood is great for families and young professionals who want to live close to where they work in the city centre. You’ll find some of Calgary’s oldest historic homes in Sunnyside, as well as new condo developments. The pathways along Bow River invite long walks and bike rides. The neighbourhood is known for its good schools, community spirit and excellent transit, as it’s served by bus routes, as well as its own dedicated station on the C-Train.
4. Hillhurst
Key features: Community spirit, good schools, close to Bow River
Average house price: $1,248,294
Average rental cost of 2-bedroom apartment: $2,029
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Abutting the Sunnyside neighbourhood, this community on the north bank of the Bow River shares many of its assets, like coveted schools, an active community centre and amenities like parks. Close to Bow River, you can also enjoy water-based sports, as well as ample biking and hiking pathways.
5. Kensington
Key features: Trendy, artistic and youthful feel
Average house price: $455,596
Average rental cost of 2-bedroom apartment: $2,179
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Tap into Calgary’s hip, youthful vibe in this walkable area. Filled with independent stores, hip cafes and well-regarded restaurants, there’s plenty to see and do in Kensington, which is also why it’s popular with tourists. Exuding an eclectic energy, the area is one of the city’s foremost creative hubs with lots of galleries, as well as the delightful Kensington Art Walk. The neighbourhood is especially known for its indy coffee shops, Sunday brunch restaurants and live music venues.
6. Edgemont
Key features: Massive green space, walking and biking paths, family friendly
Average house price: $639,583
Average rental cost of 2-bedroom apartment: $1,928
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Located in northwest Calgary, if being close to nature and an outdoor lifestyle is important to you then Edgemont may be a perfect fit. The area boasts ample green spaces, like Nose Hill Park, as well as a network of ravines that provides over 30 kilometres of walking and biking trails. Perched atop a hill, the views are second to none, with equally excellent vistas of the Calgary city skyline, as well as the Rocky Mountains on clear days. Safe, with good schools and an enviable sense of community, Edgemont is one of the best neighbourhoods in Calgary for young families
7. Brentwood
Key features: Active community association, good transit, close to University of Calgary
Average house price: $525,335
Average rental cost of 2-bedroom apartment: $2,186
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Often topping local lists of the top neighbourhood, Brentwood is an attractive mix of large estates, single-family detached homes and a few condos. It’s got an active community association, as well as a recreation centre. Parks (including newly renovated Blakiston Park), proximity to biking and hiking trails and respected schools, make it one of the best family neighbourhoods in Calgary. Because it’s close to the University of Calgary, it has robust transit service, with a network of bus routes and its own C-Train station stop.
8. Varsity
Key features: Popular with families, good schools and transit
Average house price: $545,062
Average rental cost of 2-bedroom apartment: $2,565
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This well-established community in the city’s northwest is everything you’d expect from suburbia: Tree-lined streets, a nice mix of housing types, a family-friendly vibe and an abundance of parks. Boasting a C-Train stop and various bus routes, it also has excellent schools and is close to one of the city’s main shopping destinations, Market Mall, making it one of the best neighbourhoods in Calgary.
9. Crescent Heights
Key features: Close to post-secondary institutions and Bow River
Average house price: $912,387
Average rental cost of 2-bedroom apartment: $1,591
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A welcoming residential neighbourhood with a family-friendly feel, Crescent Heights has great schools, offers easy access to some of the city’s best hospitals and is close to post-secondary institutions like the Southern Alberta Institute of Technology (SAIT) and the University of Calgary. Residents also appreciate its proximity to bucolic Bow River with its numerous biking and hiking paths and water-based activities.
10. Inglewood
Key features: Expensive, historic homes, safe
Average house price: $1,014,029
Average rental cost of 2-bedroom apartment: $2,679
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A small town feel with big city amenities, that’s the best way to describe this safe, quaint neighbourhood. One of the city’s oldest districts, it’s got lots of historic homes, generous greenspace and a convenient mix of shops, restaurants and bars. Centre Street North is a popular shopping and restaurant destination.
11. Currie
Key features: Tight community, urban development success story
Average house price: $803,989
Average rental cost of 2-bedroom apartment: $1,747
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Just southwest of downtown, Currie is one of Calgary’s most historic neighbourhoods. Set on a former Canadian Forces Base, it’s considered a major success story in urban transformation and community development. It’s known for its walkability, close-knit community, parks and variety of housing.
12. Upper Mount Royal
Key features: Exclusive, some of Calgary’s most expensive real estate, excellent schools
Average house price: $6,077,980
Average rental cost of 2-bedroom apartment: Ranges between $1,600 and $2,975
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If money is no object, consider calling the neighbourhood of Upper Mount Royal home. Reputed to contain Calgary’s most expensive real estate, you’ll find mainly stately old historic homes (some of the oldest in the city) and new, architecturally awe-inspiring mansions with sweeping, landscaped yards in this southwest corner of Calgary. The area pretty much gets As across the board when it comes to factors like top-notch schools, walkable distance to downtown, very low crime rates and overall livability (though it gets an F when it comes to affordability).
FAQs
What is the nicest neighbourhood in Calgary?
What makes a neighbourhood the “nicest” will depend on your own individual priorities. If you want a family-friendly place close to downtown, Brentwood may be ideal. If you value a hip, youthful buzz, check out Kensington. Edgemont could be a good fit if you prioritize an active outdoor lifestyle with plenty of walking and biking.
What is the safest area to live in Calgary?
Calgary is generally regarded as a safe city, however, Upper Mount Royal, Brentwood and Edgemont have reputations as being especially safe.
Which side of Calgary is best to live on?
Calgary as a whole is a safe and dynamic city with ample amenities and beautiful, liveable neighbourhoods so the “best” side to live on will depend on your own unique needs. That being said, the southwest and northwest regions are considered by some to contain Calgary’s best residential areas.
What is the richest neighborhood in Calgary?
Upper Mount Royal is generally regarded as one of the richest neighbourhoods in Calgary.
We’ve scoured the Internet and found some of the best revenue-generating apps and sites that can pack some extra bucks in your wallet. Some have big payouts, while others offer smaller incentives that, if you’re patient, can add up over time. If you have access to a computer, tablet, or smart phone, here’s how to make money fast online.
Best ways to make money online fast
#1. Shop with Rakuten
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Got an online shopping habit? Rakuten.ca will literally pay you to shop on their website. After setting up an account, all you have to do is go to the Rakuten site, click on one of the 750+ partner retail sites (ranging from Amazon.ca to Sephora), and make a purchase. You’ll get a percentage of cash back by cheque, PayPal payment, or Amazon.ca gift card every three months. There’s some good money to be made through this site: Rakuten.ca has more than 7 million members across Canada and has paid out over $140 million in cash back.
#2. Become an Airbnb host
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Got a cool pad or spare room in a high-demand location? Rent it out on Airbnb. It’s estimated that Airbnb hosts earn an average of US$4,300 a month. That’s crazy-good money that you can sock away for a rainy day. A word to the wise: check your municipal laws, rental agreement and/or condo board rules to ensure short-term rentals/subletting are A-OK.
#3. Rent your parking space
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Got an empty parking spot in a prime location? There’s an app for that. Known as the “Airbnb of parking,” SpotHero matches drivers looking for parking with owners of unused parking spots. It’s really easy to get started: just type in your address, add a photo of your parking spot, and add a brief description. Then, set dates and times when your spot is available and you’re ready to go. Once your ad is posted, you’ll be notified if a SpotHero user parks in your space.
It’s also a quick and easy payout: Earnings are directly deposited into your bank account, and some owners of top spots are reportedly earning $400 to $500/month – enough to bankroll your monthly car payments.
#4. Participate in online surveys or virtual focus groups
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Want to sell your two cents? Sign up to complete online surveys or join a virtual focus group. It’s simple: Register with a reputable company, like i-Say,Maru Voice Canada, or Angus Reid Forum, and then get paid to share your views and opinions on a variety of topics, products, and services. But keep in mind that the chances of becoming a zillionaire this way are virtually zilch, with the payouts being pretty meagre, ranging from $0.50 to $5.00 per survey. Plus, some sites pay in points, not cash. But the dough does add up over time, and the more you participate, the more money you make. A few hundred bucks earned can go toward paying your rent or phone bill.
#5. Open a new bank account
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Canadian banks are hungry for your balance, and some will reward you handsomely for switching over from a competitor to their account. For example, sign up for Tangerine’s No-Fee Daily Chequing Account and set up a payroll deposit to earn up to $250 cash back.
#6. Sell your extra stuff
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Got stuff cluttering your closets, drawers, and cupboards? Consider selling gently used items with online marketplaces such as Facebook Marketplace. There are also some phone apps such as VarageSale or Karrot that make selling stuff a cinch. For speedy sales, cross-post your items on multiple platforms and remember to include eye-catching photos with your advert. Pro-tip: Clean items posed in an immaculate-looking space tend to sell faster and get top dollar.
#7. Collect your (virtual) change
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Forget rooting around under the couch cushions for loose coins. Instead, download Moka, a Canadian budgeting and savings app. Here’s how it works: Install the Moka app on your phone, and for every purchase you make, it rounds up to the nearest dollar and invests the spare change. Then, sit back and watch your savings and investments grow.
#8. Open an Etsy store
Sergei Elagin | Shutterstock
Consider yourself artsy? Open a shop with Etsy – a virtual marketplace for unique and creative artisan goods. It’s a great way to turn your passion into profit: The website had nearly 95.5 million active buyers and almost $12 billion in gross merchandise sales. Once your shop is open, you can list handmade items for sale — everything from photography and paintings to jewelry and knickknacks to embroidery and pottery. Your earning potential is limitless and payment is seamless, with earnings from sales deposited directly into your bank account.
#9. Report gas prices
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Getting gouged at the pump? Get GasBuddy, an ingenious app that helps you find the cheapest gas prices in your area. The app’s map lists real-time pump prices at more than 150,000 gas stations, based on reports from over 30 million users who are constantly updating fuel prices across North America. Using this app could save you as much as 10 cents or more per litre. Plus, you can earn points and achievements just for reporting fuel prices.
#10. Sell your photos
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Turn your pics into dollars with Foap, an app that lets you upload your photos and sell ‘em to big-time brands all over the world, like Nivea, Bank of America, Absolut Vodka, Air Asia, and Pepsi.
The app also distributes your snapshots through partners such as Getty Images, which will boost your sales even more. Aside from posting random pics, Foap also recruits photographers for “missions”– assignments seeking specific images for clients. Foap is free to download, and for every photo sold, you get 50% of the commission. Cash-outs are easy too, thanks to PayPal integration.
#11. Freelance writing
Tero Vesalainen | Shutterstock
Tap into various platforms that connect them with businesses, publications, and organizations seeking high-quality written content across multiple niches — from business and technology to lifestyle and entertainment. Popular freelance marketplaces such as Upwork, Fiverr and Freelancer serve as valuable intermediaries, helping writers establish professional relationships and secure consistent work. While the field is competitive, dedicated writers who build strong portfolios and maintain positive client relationships can develop sustainable, lucrative careers.
The emergence of artificial intelligence has transformed the content creation landscape, streamlining certain aspects of the writing process. However, while AI tools can assist with initial drafts and basic research, they currently require substantial human oversight.
Sources
1. AirDNA: How Much Can You Really Make on Airbnb?
Recent interest rate cuts were welcomed by property buyers, but investors and traditional savers were not as happy. On traditional savings accounts and other low-risk investment options, these lower rates translate to diminished returns, making it challenging for savers to preserve and grow their wealth.
As the appeal of conventional savings declines, exploring alternative assets becomes increasingly attractive. Alternative investments are assets that provide a buffer against economic fluctuations and are less tied to the stock market’s ups and downs.
Three noteworthy options are real estate, gold, and art. Each offers unique benefits and historically lower correlations with equity markets, making them resilient choices in uncertain financial landscapes.
Earn solid returns with stocks
Stocks are one of the smartest ways to guard your wealth against inflation. When the prices of goods and services rise, companies often adjust by passing those costs on to consumers, which can drive up their revenues and, ultimately, their stock prices. As an investor, you can benefit from the upward movement in both company earnings and stock values, helping to keep your investments in line with or even ahead of inflation.
Even if you don’t consider yourself well-versed on the subject of investing, using an online brokerage like CIBC Investor’s Edge can help you get started with stocks and develop a strategy to hedge against inflation.
Many solid, established companies pay dividends, and some even increase them every year. This dividend growth can be a powerful tool for investors looking to keep their income growing in step with the cost of living. By reinvesting those dividends, you can compound your returns, building a financial cushion that strengthens over time. Sectors like utilities and consumer staples, known for their stability, tend to maintain this steady dividend growth, making them particularly effective in inflationary times.
Investing in stocks can be a proactive strategy to not only protect but grow your wealth, regardless of where inflation is headed. Build your own investment portfolio with the CIBC Investor’s Edge online and mobile trading platform and enjoy low commissions. Get started today!
Cash in on the strength of gold
Investing in gold is often considered the go-to inflation-fighting move. It can’t be printed out of thin air like fiat money, and its value is largely unaffected by economic events around the world. And because of the precious metal’s safe-haven status, investors often rush toward it in times of crisis, making it an effective hedge.
Unfortunately, it’s a bit of a process to buy bullion bars or coins — often requiring in-person transactions and pickup.
An easier option is to invest in gold or precious metals using an exchange-traded fund (ETF). For instance, the iShares Gold Trust (NYSE: IAU) fund offers exposure to the day-to-day price movements of gold bullion, while the Aberdeen Standard Physical Gold Shares ETF (NYSE: SGOL) holds physical gold bullion (stored in vaults).
Over the past five years, the annualized returns for gold funds have outperformed the S&P/TSX Composite Index (TSX: GSTSE) with iShares Gold Trust earning 11.63%, Aberdeen Standard Physical Gold Shares ETF earning 12.40% compared to the 8.66% returns of the S&P/TSX Composite Index.
To unlock the potential of gold and precious metal ETFs, use a trusted online trading platform like Questrade. Whether you’re looking to hedge against inflation, diversify your portfolio, or invest in the growth potential of precious metals, Questrade makes it simple and accessible. With advanced tools, research insights, and a user-friendly interface, you can trade top gold ETFs and access a broad range of precious metals options anytime.
Tap the surging value of cryptocurrency
Cryptocurrency operates independently of traditional financial markets. Unlike stocks and bonds, which are influenced by corporate earnings and interest rates, cryptocurrencies often respond to different factors such as technological innovation, regulatory shifts, and adoption trends.
This low correlation can help reduce overall portfolio volatility and enhance returns, especially during times when conventional markets are underperforming. Low correlation also means that investments in cryptocurrency can help diversify your portfolio and, at times, amplify the returns.
An added benefit is that global, decentralized nature of crypto assets enables investors to invest in opportunities beyond geographic and institutional boundaries, further enhancing diversification.
While there are crypto platforms that specialize in all digital an non-fiat currencies an easy way to start investing in crypto is to open a standard equities and options trading account with Wealthsimple before opening a cryto account. As a trusted discount brokerage platform, Wealthsimple offers simple, easy-to-learn tools that will help you get started in cryptocurrency trading.
