Wealthsimple doubles Visa Infinite fee — Canadians question if perks are worth the $240 price tag
Wealthsimple is doubling the annual fee on its Visa Infinite credit card, raising it from $120 to $240 starting October 9, 2025. The fee will be billed at $20 per month, except in Quebec where it will be charged annually. The change means cardholders will need to spend at least $12,000 per year at the […]
Renovictions under renovation: City steps in to protect renters
For renters across Toronto — students in basement suites, seniors in walk-ups, families in rent-controlled buildings — the word renoviction doesn’t just mean “renovation.” It means fear of losing your home, of getting priced out, of not finding anything else you can afford. Starting July 31, 2025, the City of Toronto is drawing a line […]
My father is 54, owns his home but has just $10,000 saved for retirement. I have no idea how to help him invest his money. What should I do?
It’s hard to watch someone you love approach retirement with almost nothing saved, especially when that someone is your parent. Let’s say your dad is 54, earns $70,000 a year working as a contractor and owns a home worth $400,000 outright. He’s debt-free, but he doesn’t have a RRSP and has only $10,000 saved in […]
I’m retired, 68, single and child-free. Canada Pension Plan and Old Age Security covers all my living costs — including my rent. Is there even a point to buying a home now?
Retirement often marks the beginning of a new chapter, though this chapter unfolds uniquely for each individual. Consider the life of a 68-year-old retiree in Winnipeg — single, childless and thoroughly enjoying their independence. With comfortable rental accommodations and sufficient retirement income to support an active lifestyle of travel, fine dining and regular rounds of […]
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 […]
Think you’re safe? Canadians lose millions to credit card errors — here’s how to fight back
I have a confession to make. I’m among that rare breed of credit card user that you’ve heard about but never really believed exists. That’s right: I’m a credit card statement confirmer. Every time I get a credit card statement, I dig out the receipts I carefully put aside each month and check each and […]
My late husband left me as his 401(k) beneficiary — but now his employer is forcing me to take distributions even though I’m not ready. What do I do?
When Leslie’s husband died in late 2022, she was devastated, but grateful he had left behind a 401(k) with nearly $350,000 in retirement savings. After taking time to grieve, she contacted the employer’s plan administrator in early 2023. The account was transferred to her name, and she assumed she could leave it untouched while she […]
A 25-year-old from Queens dropped out of school, sold his sneaker collection and opened his own laundromat. Here’s how you can follow his playbook
Most parents would be disappointed if their children dropped out of college. But when 25-year-old Brandon Hollingsworth left post-secondary education after his sophomore year, his parents weren’t upset — they were impressed. That’s because Brandon had a plan. Trending Now Thanks to Jeff Bezos, you can now become a landlord for as little as $100 […]
This Georgia family claims their gorgeous $500K home was stolen after it was sold using forged deed — now they’re suing. Could it happen to you?
James and Lucretia Klucken have spent the past five years fighting a battle they never saw coming. In 2019, the couple began receiving letters for payment on a $50,000 reverse mortgage — debt tied to a home that had been in James’ family for generations. Trending Now Thanks to Jeff Bezos, you can now become […]
Wells Fargo employee is being accused of stealing, draining account of deceased 90-something woman — here’s how the niece figured it out. Could you?
A former Wells Fargo employee has been indicted on charges of allegedly stealing more than $26,000 from the account of an Oregon woman in her 90s. According to a Multnomah County indictment, Brittany Monique McLaughlin faces 20 counts, including aggravated theft, aggravated identity theft and first-degree theft. Trending Now Thanks to Jeff Bezos, you can […]