“I think they’re a very valuable tool, and the biggest pro of all is that by using them, you get free money,” said Matthew Kempton, portfolio manager at Verecan Capital Management in Halifax. “The government’s going to give you a grant—a percentage of your contribution—and...
The last announcement came in July, when the rate was held at 2.25%. It has remained unchanged since October 2025, when it came down from 2.50%. MoneySense spoke to Ratehub’s VP of Mortgage, Jamie David, about what Canadians can expect in September and how they should...
Renting can make a lot of financial sense, especially if you’re going to school, trying to pay down debt, or building your savings. But many roommates make the jump to shared living without having critical discussions about how money will be handled. To help roommates get...
Some properties are readymade with multiple units, while others require work to convert them. A ready-made duplex typically commands a premium in the purchase price compared to a single residential home. The most common example of a conversion in Canada is splitting a residential home into...
The financial fallout can last for years “The impacts of these natural disasters are much broader than just that physical damage. It can disrupt virtually every aspect of someone’s financial life,” said Ali Harris-Saunders, with the non-profit Credit Counselling Society. She divides the financial impacts into near- and long-term. Near-term includes the cost of accommodations, food, and other essentials during an...
Prediction markets currently let customers make wagers of $1 or less on the outcome of real-world events, like what will happen at the Bank of Canada’s next interest rate announcement or how many major Atlantic hurricanes there will be this year. Wealthsimple and Interactive Brokers...
On an adjusted basis, Scotiabank says it earned $2.28 per diluted share in its latest quarter, up from an adjusted profit of $1.88 per diluted share a year earlier. Revenue for the quarter totalled $10.54 billion in its third quarter, up from $9.49 billion in the...
The clinical transition is often the easy part; the financial one is not. For a US physician, moving to Canada isn’t just a change of address—it’s a major cross-border tax event. And the mistakes made in year one can follow you for a career. Why American...
David Boldovitch, financial adviser and group benefits broker at Bold Financial, has watched this problem play out with real families, not because they made a bad decision, but because they never made one at all. He’s seen cases where life insurance documents were locked in...
Payments under the Canada Pension Plan (CPP) and Old Age Security (OAS), including the Guaranteed Income Supplement (GIS), both go out on the same day: Thursday, August 27. The CPP is followed by the Veteran Disability Pension payment on Friday, August 28. Here’s what you should...
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