On April 1, 2024, you may notice changes at your local HSBC branch—and it’s not an April Fool’s prank. HSBC Bank Canada (the Canadian arm of Hongkong and Shanghai Banking Corporation) was approved for sale to the Royal Bank of Canada (RBC) by Deputy Prime Minister and Minister of Finance Chrystia Freeland in December 2023. … Read more

Growing up in Guelph, Ontario, in the 1870s, Arthur Cutten had a knack for numbers and a competitive streak that showed even in childhood games of marbles. That same drive pushed him, at age nineteen, to leave home for Chicago with just $90 and a determination to forge his own path after his banker father’s … Read more

Jay and Susan (not their real names) spent 15 years building a life together. They bought a home, adopted a dog and raised two children who remain the centre of their world. For a variety of reasons, they decided they would be better partners and parents living separately rather than together. Divorce is a major … Read more

What says “I’m committed to you” more clearly than including a loved one in your will and estate plan? A will sets out how your assets should be distributed after you die, while an estate plan uses a broader set of tools—such as tax planning, financial planning, powers of attorney and health directives—to ensure assets … Read more

Ask MoneySense I sold a building that I inherited over 20 years ago. I don’t know the adjusted cost base (ACB) or fair market value of the building in 2003. How do I determine the value?—Bill Reporting the sale of a property in Canada When you sell real estate in Canada you must report the … Read more

When you fall in love, it’s easy to overlook a few red flags — and a partner’s credit history is one of them. If your relationship is becoming serious, or you’re considering engagement, moving in together, or sharing financial responsibilities, it’s important to have open, honest conversations about money early on. Even if you’ve already … Read more

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Facebook thrives—the rest of tech, not so much This week four major tech companies reported quarterly results. All beat analyst expectations for earnings and revenue, but only Meta Platforms (often called … Read more

Join MoneySense at the Wealthy Women’s Summit in Calgary for a focused day of financial empowerment and practical guidance. MoneySense editor Lisa Hannam will open the conference with a clear, accessible overview of the current Canadian economic climate and financial trends that matter to everyday investors and savers. What: Wealthy Women’s Summit Who: MoneySense editor … Read more

When you watch The Bear, you see a restaurant kitchen driven by adrenaline and heated tempers. Toronto chef John Shin has found a different, more effective approach to developing the leadership skills needed to motivate a kitchen team. Shin brings years of hands-on experience—more than 16 years with Cactus Club Café across seven locations—but he … Read more

One of the most common questions is whether to invest in a registered retirement savings plan (RRSP) or a tax-free savings account (TFSA). Both accounts help you save and offer tax advantages, but they work in different ways. Understanding how each account operates will help you decide which suits your current needs, and when it … Read more