Most Canadians don’t have estate plans, survey finds
A mere 15% of Canadians have a plan for how their money and belongings will be distributed after they’re gone, according to a recent survey from RBC Insurance. This figure only increases to 24% for current retirees. "We often hear people say, ‘I had no idea how hard it would be’," Selene Soo, RBC Insurance’s […]
What would you do with $150K?
Imagine you’ve got an extra $150K in your bank account. What are you going to do with it? Let it burn a hole in your pocket? Take yourself off to the mall for a shopping spree? Or do the responsible thing and invest it? While not everyone will end up with such a large sum, […]
Peter Schiff issues dire warning on Trump’s trade deficit stance — calls it ‘all wrong’ and says prices ‘would go way up.’ Here’s why and how to protect yourself ASAP
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. Economist Peter Schiff, renowned for predicting the financial crisis of 2008, supported Donald Trump during the election season. However, right before Trump moved back into the White House, Schiff […]
Think that a group life insurance plan through your job is all the coverage you need? Think again
Canadians are clearly seeing the benefits of having a life insurance policy, with 57% of Canadian adults revealing they have life some form of insurance coverage, per a recent study by LIMRA, the largest trade association supporting the insurance and related financial services industry. This represents a three-point increase from a similar study conducted by […]
Canadian economy expected to slowly grow in 2025, despite Donald Trump tariff risks
The Canadian economy is expected to grow moderately in the first quarter of 2025, according to the latest Main Street Quarterly report from the Canadian Federation of Independent Business (CFIB). The report forecasts growth of 2.5% in the first quarter, following an increase of 3.2% in the final quarter of 2024. “While the Canadian economy […]
These 10 US states now offer ‘automatic IRAs’ for a specific group of workers — and more will follow suit to help solve the retirement savings crisis. Are you eligible?
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. A retirement crisis is on the horizon, largely because many Americans aren’t saving enough for their retirement. 22.0% of retirement-age adults were still working in March 2024, according to […]
Inflation, cost of living still top of mind for Canadians, despite a lack of financial planning
According to a new survey from TD Bank Group, 49% of Canadians surveyed still foresee inflation and cost of living as their biggest financial challenge this year. This is down 9% from last year. "As 2024 came to a close with a fifth consecutive interest rate cut from the Bank of Canada, Canadians have responded […]
Prorogation of Parliament and the proposed capital gains tax amendment
In the spring federal budget, Prime Minister Justin Trudeau proposed an amendment to the capital gains tax, to take effect in the summer. But, with the announcement that Trudeau is stepping aside before the amendment receives Royal Ascent, Canadians are left questioning who their next leader will be, and, for many, what this will all […]
Can you still get a car loan after bankruptcy?
In the age of super high debt loads, bankruptcy remains one of the more misunderstood topics in Canadian personal finance, despite its prevalence over the past year. As of the second quarter of 2024, households had an average debt level of $176,525 according to Statistics Canada. Plus the Canadian Association of Insolvency and Restructuring Professionals […]
Mark Cuban calls healthcare pricing ‘horrific’, says hospitals and doctors are ‘subprime lenders’ forced to raise prices to cover losses
In December of last year, Mark Cuban took to social media platform Bluesky to share why he thinks the medical system is broken and what the U.S. can do to fix it. One of his suggestions included the government offering free medical school for all students, thereby increasing the quantity of medical professionals to shorten […]