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Gift tax

Managing Money 52m ago

A $100K gift from mom sounds great — until it creates marital conflict and you’re already in massive debt

Even though it's tempting, think twice before excepting an expensive gift

GO trains

News 1h ago

Metrolinx scales back GO expansion as internal reports signal delays

Ontario faces a revised 10-year transit plan that trades electrification for slower commutes on key lines

Photo of a financial professional in yellow glasses

Managing Money 1h ago

$7,000 sitting idle could cost Canadians thousands — why you should max your TFSA early to stop the bleeding

Dropping the full $7,000 into a tax-free savings account on the first day of the year could be the smartest move you make for your retirement

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Eric Sauvageau and his son Sam

News 2h ago

How to protect your family from the 'emergency' scam that cost one Montreal father $20,000

Modern impersonation tactics are evolving, but these simple communication rules can keep your savings safe

Dave Ramsey looking shocked

Managing Money 3h ago

'Hate' your family? Dave Ramseyn ma says skip the will because Canada's laws cake that a costly mess

Without a will, the government decides who gets your estate — and your grieving family could face court battles, unexpected costs and years of financial uncertainty

Kevin Gausman #34 of the Toronto Blue Jays reacts against the Los Angeles Dodgers in game six of the 2025 World Series at Rogers Center

Taxes 11h ago

Blue Jays pitcher Kevin Gausman loves Toronto — but the CRA may love his paycheque even more

Louisiana native, Kevin Gausman will earn US$110 million over five years as pitcher for the Blue Jays — here's what Canadians can learn from his cross-border tax dilemma

Playing with cat

Managing Money 22h ago

What happens to your pets when you die — and how to make sure they're protected

Here's how she set up a legal will with a $50,000 pet fund — and what every Canadian pet owner needs to know about wills, pet trusts and online options

Happy elderly woman with a small dog in her arms at home

Retirement 2.2k views

Turning 71 in 2026? Your RRSP must become a RRIF — and the tax hit may surprise you

Canadians who turn 71 this year face a hard, irreversible RRSP deadline — and the mandatory withdrawals that follow can quietly erode retirement income if left unplanned

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Jimmy Ylimaki  and Gareth West

News Mar 26

Final suspect in $30 million Montreal-based grandparent scam arrested in Nicaragua

The apprehension of Jimmy Ylimaki in Central America marks the end of a year-long international manhunt for the alleged fraud network member

Unhappy couple visibly frustrated with finances.  The woman looks concerned, while the man reacts with stress.

Mortgages 1.2k views

Will your mortgage renewal cost you thousands more this year? Bank of Canada data confirms who's most at risk

Bank of Canada analysis confirms a massive renewal wave is underway — and five-year fixed holders face the steepest payment jump. Here's how to prepare.

Woman charging EV

News Mar 26

More Canadians are feeling hesitant about the switch to EVs, as high costs and charging concerns persist

The country’s transition to EVs is entering a more cautious phase, with 30% of potential buyers saying they’ve delayed or reconsidered a purchase

BMO (Bank of Montreal) main branch in Toronto, Canada. July 2018

Banking Mar 26

BMO fined $4M for overcharging 101,091 Canadians: how to find out if you're owed a refund

Canada's consumer watchdog fined BMO $4 million after the bank wrongly charged monthly fees to over 101,000 customers — here's who was affected and what to do next

Man looking stressed

Managing Money 2.1k views

Canadian millionaires are on the rise, but costly errors are draining wealth. How to stop the bleed

The hidden millionaire problem may shock some, but the numbers don't lie

Home based food business side hustle

News Mar 25

Ottawa proposes cutting $233 licensing fees for home-based food businesses—here is what you need to know

City proposal aims to waive licensing fees for low-risk food businesses

Money guru

Managing Money Mar 25

Famous money gurus’ advice could wreck Canadians’ finances — why some multimillionaires get it wrong

From skipping coffee to avoiding homeownership, some famous money gurus push advice that may not hold up in real life

Jamie Dimon

Investing Mar 24

Jamie Dimon: Markets may be underestimating inflation — here’s how investors can hedge against rising prices

Dimon suggested that investors are glossing over some serious risks — particularly around inflation

Professional looking man

Managing Money 1.0k views

3 tax strategies the wealthy use — and how to make them work for your income

From incorporating to tax-loss harvesting, the wealthy use legal strategies to shrink their tax bill. Here's how some of those moves apply to everyday Canadians, too

US/Canada border

News Mar 24

More Canadians rethinking U.S. trips as travel costs and global tensions rise

“We’re seeing a clear trend toward exploring closer to home and seeking out new international experiences"