Crushed by student expenses? These discounts can save you hundreds in Canada this year
With Canadian tuition averaging $7,076 per year for undergraduate programs in 2024, according to Statistics Canada, finding every possible student discount can help offset living costs and reduce debt after graduation. Students can find discounts with varioius retailers, as well as products and services aimed at helping you manage your money while you concentrate on […]
Here’s how to retire in 10 short years no matter where you live in Canada — even if you’re starting with $0 savings
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Most Canadians would consider $1.54 million the “magic number” for retirement savings, according to a BMO survey. Unfortunately, many are falling short of that goal. As of 2023, the […]
Relief at last: Bank of Canada cuts rate after a six-month pause — easing pressure on mortgages and debt
The Bank of Canada dropped its overnight lending rate by 0.25% on September 17, 2025, lowering its target rate from 2.75% to 2.50%. This latest rate drop breaks the BoC’s recent streak of three consecutive rate holds that began in March 2025. Prior to the March pause, the BoC had steadily lowered rates over seven […]
“He turned $200K into zero” — Couple in debt after husband refinanced their house and lost the cash-out through day trading. Dave Ramsey warns the worst is yet to come
Ava and her husband, who live in Charleston, South Carolina, are US$200,000 (CDN$275,000) in debt after he refinanced the house — and then used most of the cash-out for day trading. “It’s all gone now,” Ava said when she called into The Ramsey Show, seeking advice on how to get out of debt while getting […]
When licensing rules end a family Airbnb dream: One owner’s story and what it means for Canadian cottages
In Calabogie, Ont., Gabriel Leclerc is about to do something few cottage owners ever imagine — sell family-owned properties. After years of renting them on Airbnb, he says new township licensing rules have made hosting a financial and logistical burden. Leclerc’s story, reported by CBC News, began when Greater Madawaska introduced a $300-a-year licensing requirement […]
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 […]
Auto theft continues to climb in Alberta
Car theft is becoming a major financial issue for Albertans. According to new data from the Insurance Bureau of Canada (IBC), the cost of auto theft in Alberta surged in 2024 and has climbed dramatically over the past three years. Auto theft claims in the province totaled $110.3 million in 2024, a sharp rise from […]
One accident abroad could cost you thousands — here’s how your credit card could save your trip and your wallet
A single medical emergency abroad can cost Canadians tens of thousands of dollars — and most don’t realize their credit card might already include travel insurance that could protect them. But there’s a catch: coverage varies wildly, and relying on it without knowing the fine print could leave you stranded with a massive bill. Before […]
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 lost everything”: Newcomer alleges $500K scam in Yukon immigration nightmare
A second lawsuit has been filed against a Whitehorse immigration consultant, alleging that nearly half a million dollars was lost in what the plaintiff calls a fraudulent immigration scheme linked to the Yukon Business Nominee Program. Franklin Lee, a Hong Kong national seeking permanent residency in Canada, filed a statement of claim earlier this month […]