Gen Z still relying on parents’ pockets to survive, BMO survey finds
Canadian parents are increasingly serving as a financial lifeline for their adult children, with a new survey showing one in five Gen Zers rely on family support just to cover day-to-day expenses. The findings highlight a deepening trend of intergenerational dependence as young Canadians struggle to balance high living costs with slow wage growth. According […]
Leave more than money: practical legacy planning for Canadians
Many Canadians dream about the legacy they will leave behind — not just money, but the values, traditions and lessons for loved ones. Thinking ahead about how your wealth and life experiences will shape the future can provide clarity and peace of mind. That’s where legacy planning comes in. Legacy planning is the process of […]
Canadian small businesses pay 20% more tax than U.S. competitors, CFIB warns
Canadian micro and small businesses are paying significantly more in taxes than their U.S. counterparts, according to new research from the Canadian Federation of Independent Business (CFIB). According to the report, a firm with four employees in Canada pays, on average, 20% more in taxes than one of the same size in the United States. […]
89 year old Quebec woman on the brink of losing her home after falling victim to a phone scam. How it worked and how you can protect yourself
A senior from Vaudreuil, Quebec, is poised to lose her home after losing over $50,000 earlier this year due to a scam. Diane Riley, an 89-year-old woman who lives in an assisted living facility with her two special needs children, received a phone call in February from someone pretending to work for an “anti-fraud squad,” […]
Prime Minister Mark Carney pauses Canada’s electric vehicle mandate amid industry pressures
Prime Minister Mark Carney has announced a temporary delay in the implementation of Canada’s electric vehicle sales mandate. Originally slated to require 20% of new passenger vehicles to be zero-emission by 2026 — a policy introduced under former Prime Minister Justin Trudeau — the plan will now be waived to ease pressures on the automotive […]
Credit cards don’t have to be a trap — unlock rewards and build wealth through responsible spending
Credit cards are often made out to be a trigger for irresponsible spending. Conversely, they can also help consumers build smarter financial habits, encourage people to monitor spending, be more aware of shopping trends and even frequently monitor statements for fraudulent transactions. Whether you’re new to having a credit card, trying to clean up your […]
TD survey finds small business owners still turning to costly credit in emergencies
Canadian small business owners say they’re ready for the unexpected — but their financial choices suggest otherwise. A new TD Insurance survey shows that while nearly all entrepreneurs (94%) have business insurance, just over half (52%) would actually rely on it first in case of an emergency. Instead, many report they would first lean on […]
Dream trips don’t have to break the bank — here’s 3 bucket list destinations where you can save big
Cost is the number one reason many Canadians postpone their travel dreams. According to a 2024 Skyscanner Canada survey, 1 in 4 Canadians say price is the biggest barrier to travel, while more than three-quarters prefer to save on accommodations so they can spend more on memorable experiences. The good news? You don’t need to […]
Bread scandal payout: What every Canadian shopper needs to know to get their slice of the $500M settlement
For more than two decades Canadians paid more for a staple food than they should have. Now, years after the bread price-fixing scandal first came to light, consumers are finally being offered compensation through a historic $500 million settlement. A half-baked scheme that lasted for years The bread price-fixing scheme stretches back to 2001 and […]
The Buffett Indicator is screaming danger — Canadian investors face a riskier bubble than 1999. Is it time to dump stocks?
Momentum in U.S. stocks just keeps building, with the S&P 500 recently hitting fresh record highs. Yet despite the market euphoria, one criterion — popularized by none other than Warren Buffett — is flashing red. The Buffett Indicator measures the total U.S. stock market capitalization against the country’s GDP — essentially gauging if there’s a […]