The Canadian federal government eliminated the accumulation of interest on Canada Student Loans, as of April 1, 2023, but you must still pay any interest accrued before then. Some provinces and territories—Alberta, Saskatchewan, Ontario, Quebec, Nunavut and the Northwest Territories—charge interest on...
The MoneySense editorial team selects the best credit cards by assessing the value they provide to newcomers across various categories. Our best credit cards for newcomers ranking is based on an extensive list of features, including credit history requirements, interest rates, welcome offers, and perks...
I try to picture 84-year-old me being told by my kids that it is time to hire a financial planner. I may not be so keen myself when the time comes. Maybe I should bookmark this column. I took over the management of...
This is good news for aspiring condo buyers, who now have larger inventories to choose from. But it’s trouble for those trying to sell their condo, who may have to either significantly reduce their asking price or, in a worst-case scenario, delist...
The joys of these animal companions, however, don’t come cheap: pet care costs have increased 6% to 8% annually over the past few years. On average, dog owners spend between $965 and $4,020 per year on their pup, while cat owners have...
powered by Why trust us MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over...
Shoppers are switching stores or travelling farther for better deals For some Canadians, saving money on groceries involves switching stores—something the major grocers have taken note of, as they’ve been expanding their discount store footprints to capture demand for better deals. Some shoppers are...
Biden’s withdrawal soothes bond market, deflates “Trump trade” Compared to the way U.S. President Joe Biden’s decision not to run for a second term shook the political world, the markets seemed nonplussed—on the surface, at least. Biden’s U-turn took some air out of the...
What is the Bank of Canada’s key interest rate? The central bank says its decision to lower its policy rate by a quarter percentage point was motivated by easing price pressures and weakening economic conditions. Its key interest rate now stands at 4.5%. You’re...
According to the Canada Revenue Agency (CRA): “To make this election, attach a letter signed by you to your income tax and benefit return of the year in which the change of use occurs. Describe the property and state that you want...
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