The Toyota Corolla has long been one of the world’s most popular compact cars. If you’re in the market to buy a used Toyota Corolla, it’s important to note that 2020 was a turning point for the model in North America. That year launched the 12th-generation Corolla and introduced a factory hybrid powertrain to the … Read more

The Volvo XC60 first arrived for the 2009 model year, bringing advanced safety and driver-assistance technology to a mid-size luxury SUV segment that was increasingly focused on occupant protection. When Volvo launched the second-generation XC60 in 2018, the model received the company’s contemporary styling, updated interior design, and the refinement that has since defined the … Read more

If you find your mind drifting to thoughts of a cottage, the beach or a backyard pool during Zoom calls, you’re far from alone. Summer is the busiest season for travel among Canadians, with July being the most popular month for getaways, according to a recent Deloitte poll. If money concerns are dampening your travel … Read more

Before we begin, a quick disclosure: I am a Certified Financial Planner who does not sell financial products, so I have no commercial interest in the recommendations here. This commentary is intended to be objective and practical. One encouraging trend in the investment industry has been a gradual increase in transparency. There’s still progress to … Read more

Ask MoneySense Our daughter lives and works in the U.S. As our only child, she is the sole beneficiary of our Canadian estate. We have no U.S. assets of any kind; everything is in Canada. Once all the appropriate taxes are paid to CRA on the estate, will there be any fees, transfer, gift or … Read more

In the 2024 federal budget, the government proposed raising the capital gains inclusion rate from 50% to 66.67% (two-thirds) for corporations, trusts and individuals whose annual capital gains exceed $250,000. The proposal was tied to an effective date of June 25, 2024, and that deadline has prompted many Canadians to review their tax planning and … Read more

Auto Insurance Compare car insurance quotes from top providers in Canada In under five minutes, get a personalized car insurance quote from one of Canada’s leading providers—free and without obligation. Click the button to begin. Get a free quote now* You will be leaving MoneySense. Close this tab to return. What to know about car … Read more

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement —Canada’s DIY retirement planning course—provides a roundup of recent financial headlines and context for Canadian investors. We’re building more houses — and prices are falling On Monday, the Canada Mortgage and Housing Corporation reported that housing starts rose from 241,111 units in April to 264,506 … Read more

If you are new to Canada and want to begin investing, this guide outlines the main steps and options. It covers account types, common investments, where to open accounts, and practical requirements so you can make informed choices and start building your financial future. Types of investing accounts In Canada, investment accounts are broadly classified … Read more

The Bank of Canada’s governing council considered waiting until July to cut interest rates but ultimately chose to act sooner, according to the central bank’s summary of deliberations. The document outlines the discussions between governor Tiff Macklem and his deputies in the run-up to the June 5 rate announcement, when the Bank lowered its policy … Read more