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 […]
Extreme weather takes growing toll on commercial insurance sector
Canada faced one of its most expensive years for insured losses in 2024, with severe weather wreaking havoc on both homes and businesses. While homeowners bore the brunt of the damage, commercial properties also suffered massive losses, pushing the total insured damages to over $1.7 billion — the second-highest in the country’s history. "Thousands of […]
Feel confident investing in Nvidia: Why dollar-cost averaging helps Canadians build wealth long term
Nvidia (NASDAQ:NVDA) has been one of the best-performing stocks of the last decade, benefiting from advancements in artificial intelligence (AI), cloud computing, and gaming. However, its high price and volatility make it a challenging stock for Canadian investors to buy. One way to manage risk and build a long-term position in Nvidia (NASDAQ:NVDA) is through […]
B.C. man buys a used car only to find that its odometer has been tampered with. He managed to get his money back but experts say odometer fraud is on the rise. Here’s how it works and how you
Like many Canadians dealing with the uncertainty of tariffs from the U.S. and rising prices, Steve Andrews from Burnaby, B.C., was on a tight budget when he decided to buy a used vehicle. With a young family in tow, Andrews saw a registered Burnaby used vehicle dealership had a 2012 Subaru listed for a good […]
A lot of Canadians feel unsure about their finances — How to change that
A new snapshot of Canadian financial confidence shows that even in mid-2025 — with interest rates steady and inflation slowing — many Canadians still feel unsure about their money management skills. In a recent poll from Money.ca, only 54.5% said they feel “very confident” managing their finances, while 31.2% reported being only “moderately confident.” The […]
Some Canadians don’t think they need insurance for domestic travel
The case for travel insurance is pretty sound: You never know what’s going to happen when you’re on vacation, and you don’t want to be caught with a hefty bill should the worst case scenario occur. A national travel survey conducted for CAA reveals that four in 10 Ontarians (41%) travelled outside their home province […]
Fixed mortgage rates rise as variable-rate discounts tighten: Here’s what it means for your next loan or renewal
For a while, it looked like mortgage rates in Canada were finally settling into a more affordable pattern. Fixed rates had been drifting downward, and variable rates were looking more attractive — especially as rate cuts seemed like a matter of “when,” not “if.” But the tide has turned. As of early May, both fixed […]
Ottawa revives electric vehicle incentives: What this means for your wallet
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 […]
What to expect when you’re expecting: First year cost for pets
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 […]
Ontario family’s dream Porsche turns into $100K nightmare — What you can learn from re-vinning fraud
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 […]