Electric vehicles cost nearly 37% more to insure than gas cars, Surex study finds
A new survey from Canadian insurance marketplace Surex shows that drivers choosing electric vehicles (EVs) are paying a steep premium when it comes to coverage. The study, based on more than 12 months of Surex insurance quotes, found the average annual premium for a gas car to be $2,289.27 compared with $3,131.43 for an EV. […]
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 […]
This Ontario family found a way to save $14K on groceries this year thanks to some penny pinching hacks — but can the extreme saving work for everyone?
When Dee Debarros’ husband was out of a job during the COVID-19 pandemic, they needed to find a new route to help pay the bills during a difficult time. Naturally, groceries were the one essential with the highest savings potential, so the couple quickly pivoted and looked to cut costs where they could, dedicating a […]
The 5 most accessible cities in Canada for people with mobility challenges
In Prime Minister Mark Carney’s Budget 2025, the federal government introduced changes to make it easier for Canadians to access financial support for home accessibility improvements. The Home Accessibility Tax Credit (HATC) and Medical Expense Tax Credit (METC) already provide relief for mobility-related renovations — from ramps and stair lifts to accessible bathrooms. Under the […]
The Passing of the Torch: What Warren Buffett’s exit — and Greg Abel’s rise — means for Berkshire Hathaway investors
It’s official: Warren Buffett announced he would “go quiet” as he prepares to hand the reins of Berkshire Hathaway (NYSE:BRK-B) to Canadian-born Greg Abel. The official transition will take place at the end of 2025 — and will mark the end of an era and the beginning of a new one. For investors, the transition […]
Budget 2025 gives Bank of Canada room to steer recovery, explains BoC Governor Tiff Macklem
After months of economic turbulence, the message from Ottawa is one of cautious optimism — from both Parliament Hill and the Bank of Canada. Bank of Canada (BoC) Governor Tiff Macklem told Canadian senators in early November (1) that the country’s economic slowdown “is more than a cyclical downturn — it is also a structural […]
Budget 2025 opens the door to growth: How investors and entrepreneurs can turn new tax credits into profit
The 2025 federal budget introduced a series of tax incentives designed to stimulate investment, innovation and productivity — particularly in sectors tied to clean technology, manufacturing and research. While many of these measures aim to strengthen Canada’s long-term competitiveness, they also create new opportunities for investors and small businesses to improve cash flow and lower […]
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 […]
This new app turns your coffee runs and grocery bills into real home savings
A new fintech platform has come online, allowing Canadians to save for housing by converting their daily purchases into contributions toward rent deposits and down payments. Toronto-based startup Quarters announced the launch of its “Home Savings Rewards” program last week, which it says is the first of its kind in Canada. Unlike traditional loyalty platforms […]
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 […]