MoneySense

Raising kids is expensive—here’s how to keep costs manageable - MoneySense Anxious about the cost of having kids in Canada? Don’t get discouraged, experts say. Here’s how much raising children costs, and how to manage expenses.

Anxious about the cost of having in Canada? Don’t get discouraged, experts say. Here’s how much raising children costs, and how to manage expenses.

How to avoid RRSP overcontributions when you have a deferred profit sharing plan - MoneySense Maxing out employer contributions is an easy way to boost your retirement savings. Here’s how to do it without exceeding your RRSP room.

Maxing out employer contributions is an easy way to boost your #retirement savings. Here’s how to do it without exceeding your #RRSP room. #itpaystoknow www.moneysense.ca/columns/ask-...

Should I draw down my RRIF to avoid estate taxes? - MoneySense Yes, your estate will pay a high rate of tax on your RRIF when you die. But it usually pays to keep the account intact and benefit from tax-free compounding if you can. Yes, your estate will pay a hig...

Yes, your estate will pay a high rate of tax on your RRIF when you die. But it usually pays to keep the account intact and benefit from tax-free compounding if you can.

Credit card interest calculator - MoneySense If you carry a credit card balance in Canada, use our calculator to see how much you owe and how long it will take you to pay off the debt.

If you carry a credit card balance in Canada, use our calculator to see how much you owe and how long it will take you to pay off the debt.

What to do if you outlive your retirement savings in Canada - MoneySense Some Canadian seniors enter retirement without savings or run out of money over time. Here’s how they can stay afloat financially.

Some Canadian seniors enter retirement without savings or run out of money over time. Here’s how they can stay afloat financially.

How companies are dealing with tariffs - MoneySense How Tesla and other companies are dealing with the uncertainty of the trade war.

How Tesla and other companies are dealing with the uncertainty of the trade war.

Earth Day: How you can invest in our planet - MoneySense Earth Day is on April 22. Here’s how to invest sustainably, and other ways to help the planet.

Earth Day is on April 22. Here’s how to invest sustainably, and other ways to help the planet. #EarthDay2025

How to invest in CDRs in Canada - MoneySense Canadian depository receipts are one of the fastest-growing investment products in Canada. Here’s what to consider before investing in CDRs.

Canadian depository receipts are one of the fastest-growing investment products in Canada. Here’s what to consider before investing in CDRs. #investing #itpaystoknow www.moneysense.ca/save/investi...

From New York Fries to Boston Pizza—the brands you didn’t know were Canadian - MoneySense Boston Pizza, New York Fries and others are Canadian, eh? The tariff war tests Canadian companies with U.S. names.

Wait—New York Fries isn’t American?

Why you should upgrade your skills—even if you’re established in your career - MoneySense Find out the many benefits of continuing education in Canada, and how to find the right training for your career and financial goals.

Find out the many benefits of continuing education in Canada, and how to find the right training for your career and financial goals. #careers #training #itpaystoknow

How to make sure you have enough money to fund your RRIF withdrawals - MoneySense Once you start RRIFing, how do you make sure you have enough cash, and should you dial down risk?

Once you start RRIFing, how do you make sure you have enough cash, and should you dial down risk?

5 inexpensive travel destinations while the Canadian dollar is weak - MoneySense If you’re hunting for affordable vacation spots this season, here’s where to go when the loonie is low.

Looking for vacation destinations where the Canadian dollar goes farther? This South American country offers 4-star and 5-star hotels under CAD$100 per night, says travel writer Tammy Burns. Plus, you can add glaciers, waterfalls and wine tours to your itinerary. www.moneysense.ca/spend/shoppi...

Making sense of the Bank of Canada interest rate decision on April 16, 2025 - MoneySense The BoC noted it is proceeding with caution. Read how its rate hold will impact you, whether you’re a borrower, investor or saver.

In yesterday's rate decision, the Bank of Canada noted it is proceeding with caution. Read how its rate hold will impact you, whether you’re a borrower, investor or saver. www.moneysense.ca/spend/real-e...

How Canada’s inflation rate is affecting your finances - MoneySense Canada’s Consumer Price Index fell in March amid the start of a tariff war with the U.S., the end of a temporary tax holiday and other factors.

Canada’s Consumer Price Index fell in March amid the start of a tariff war with the U.S., the end of a temporary tax holiday and other factors.
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2024 tax-filing extensions: What you need to know - MoneySense There are several personal, trust and corporate income-tax-filing extensions for Canadians this year. Which ones apply to you?

There are several personal, trust and corporate income-tax-filing extensions for Canadians this year. Which ones apply to you?

How the federal election affects your finances - MoneySense Here’s how proposals from the NDP, Liberals, Conservatives and Green Party could affect your cash flow—and maybe help decide your vote. Get updates here.

Where do the federal parties stand on inflation? While Canadians will be pleased that inflation dipped to 2.3% in March, Canada’s cost of living remains a big concern heading into the election on April 28. #election #inflation #itpaystoknow

Do you need one of Porter Airlines’ new BMO credit cards? - MoneySense Frequent travellers love a good travel credit card. Find out about Porter’s new suite of BMO cards, and see how they compare to other travel cards.

Frequent travellers love a good travel credit card. Find out about Porter’s new suite of BMO cards, and see how they compare to other travel cards. #travel #creditcards #VIPorter #itpaystoknow www.moneysense.ca/spend/credit...

5 inexpensive travel destinations while the Canadian dollar is weak - MoneySense If you’re hunting for affordable vacation spots this season, here’s where to go when the loonie is low.

If you’re hunting for affordable vacation spots this season, here’s where to go when the loonie is low.

The best student bank accounts in Canada - MoneySense Students have a wide selection of banking options, from student offers at major banks to no-fee accounts with online banks. Find the best one for you.

While banks have student offers that are worth considering, a number of smaller, online-only financial institutions also cater to students’ banking needs. #itpaystoknow #banking #students

Is New York Fries American?—the restaurant brands you didn't know were Canadian - MoneySense Boston Pizza, New York Fries and others are Canadian, eh? The tariff war tests Canadian companies with U.S. names.

Boston Pizza, New York Fries and others are Canadian, eh? The tariff war tests Canadian companies with U.S. names.

How RRIF withdrawals work when you have multiple registered accounts - MoneySense Canadians must begin taking RRIF withdrawals the year after converting an RRSP. What happens if you convert only part of an RRSP, and which withdrawal strategy may be the most tax-efficient?

Canadians must begin taking #RRIF withdrawals the year after converting an #RRSP. What happens if you convert only part of an RRSP, and which withdrawal strategy may be the most tax-efficient? #itpaystoknow #AskMoneySense www.moneysense.ca/columns/ask-...

Capital gains tax in Canada, explained Learn how capital gains are taxed and how to avoid paying more taxes than necessary when selling your assets.

Last month, the federal government cancelled the proposed hike to the capital gains inclusion rate. Here's how to calculate your capital gains tax rate under the existing rules. #capitalgains #taxes #itpaystoknow www.moneysense.ca/save/taxes/c...

Why are mortgages so expensive in Canada? - MoneySense Is your salary enough to buy a home in these Canadian cities? Here’s how much you needed to earn to qualify for a mortgage in February 2025, compared to January.

Is your salary enough to buy a home in these Canadian cities? Here’s how much you needed to earn to qualify for a mortgage in February 2025, compared to January. www.moneysense.ca/spend/real-e...

Marriott Bonvoy offers Beyoncé fans exclusive perks for Cowboy Carter Tour - MoneySense Marriott Bonvoy members can enter exclusive giveaways and redeem points for experiences. Here’s how Canadian fans can see Beyoncé’s tour in 2025.

Marriott Bonvoy members can enter exclusive giveaways and redeem points for experiences. Here’s how Canadian fans can see Beyoncé’s tour in 2025. #beyonce #cowboycartertour www.moneysense.ca/news/marriot...

Revising the fair market value of a property for tax purposes - MoneySense Can you retroactively change the valuation of a rental property before selling it to reduce capital gains tax in Canada?

Can you retroactively change the valuation of a rental property before selling it to reduce capital gains tax in Canada?

Is investing gambling?—and other real-life money lessons for teens - MoneySense In this excerpt from her new book, Making Bank, Shannon Lee Simmons guides young Canadians (and their parents) through important money conversations.

In this excerpt from her new book, Making Bank, Shannon Lee Simmons guides young Canadians (and their parents) through important money conversations. www.moneysense.ca/financial-li...

How soon will Canadians save from the carbon tax’s demise? Depends what you’re buying - MoneySense The federal government is eliminating carbon pricing for consumers. But Canadians won’t see immediate savings on all products.

The federal government is eliminating carbon pricing for consumers. But Canadians won’t see immediate savings on all products.

“What a dumb mistake that was”: Dilys D’Cruz on money lessons and “painless saving” - MoneySense The senior vice president of retail and wealth at Meridian shares the importance of budgeting and investing in your company’s pension plan, if you have one.

In our latest My MoneySense column, Dilys D'Cruz, the senior vice president of retail and wealth at Meridian Credit Union, shares the importance of budgeting and investing in your company’s pension plan, if you have one.

How young investors can respond to stock market volatility - MoneySense Are unpredictable markets stressing you out? Two investing experts weigh in on how young Canadians can deal with the volatility.

Are unpredictable markets stressing you out? Two investing experts weigh in on how young Canadians can deal with the volatility.

Ski-Doo maker BRP reports Q4 earnings, delays financial forecast - MoneySense The Quebec-based recreational vehicles company swung to a loss last quarter amid ongoing tariff uncertainty and a pullback on spending from consumers.

Quebec's BRP swung to a loss last quarter amid ongoing tariff uncertainty and a pullback on consumer spending. #stocks #earnings #tariffs #itpaystoknow