RBC Avion Members: Exclusive Taylor Swift Tickets in Vancouver

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Taylor Swift will add Vancouver to her Canadian Eras Tour stops. The pop superstar announced three shows at BC Place on December 6, 7 and 8, 2024, following her Toronto run in November. RBC’s Avion Rewards program is partnering to provide its members with access to a limited allocation of tickets for the Vancouver dates. … Read more

What Moved Markets the Week of Nov 5, 2023

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Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares timely financial headlines and provides context for Canadian investors. Apple earnings are solid if not spectacular When a company has a long track record of record-breaking growth, it can be difficult to place each earnings report in perspective. All … Read more

Travel Hacks That Save You Money on Your Next Trip

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Despite high interest rates and ongoing inflation, many Canadians continue to prioritize travel. In August 2023, Canadians took 924,900 return trips overseas — a 22.9% increase year over year and just 17.4% below pre-pandemic levels, according to Statistics Canada. Bookings for overseas travel by Canadians have risen month over month throughout 2023, which shows a … Read more

How to Invest Your Down Payment While Timing the Housing Market

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Ask MoneySense Five years after buying out my former spouse’s share of our home, I decided to sell two years ago and then wait for the right opportunity to downsize, since I expected my eldest to attend university in another province. Then COVID happened and plans changed. Now I have an 18-year-old and a 14-year-old … Read more

Calculate Your Canadian Mortgage Payments and Costs

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Owning real estate is a common goal for many Canadians. It can be a rewarding investment, but it also brings financial responsibilities that require careful planning. To make sound decisions, you need to estimate mortgage payments, down payments, penalties and other related costs. Online mortgage calculators simplify this process: enter your details and let the … Read more

Money Advice Canadians Should Ignore

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When Jason Evans went downstairs one evening, he found his mother frantically searching through boxes. As any helpful 15-year-old would, he offered to help. He could hear the urgency in her voice as she rifled through papers. “She was panicked, and it got to the point where she became paranoid that the documents were stolen,” … Read more

OAS Entitlement and Deferral Rules for Immigrants to Canada

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Ask MoneySense I contacted Service Canada and the Canada Revenue Agency for clarification and received different answers depending on the person I spoke with. I immigrated to Canada in 2001 and was born in 1956, so I am over 65 but have not started receiving OAS. If I had applied for OAS at 65 in … Read more

Why Are Groceries, Flights and Data Plans So Costly in Canada?

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The cost of living in Canada is high and has been rising for several years. Canadians face above-average prices for many goods and services—from groceries and cell phone plans to flights—while inflation since the COVID-19 pandemic has kept pressure on household budgets. Understanding why certain costs are high can help you make better financial decisions … Read more

Market Outlook: Key Moves and Trends for Week of Oct 29, 2023

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Allan Small, Senior Investment Advisor at the Allan Small Financial Group with iA Private Wealth, reviews the week’s financial headlines and explains what they mean for Canadian investors. Third-quarter tech earnings are in Earnings season is under way, and major technology companies have released their third-quarter results, following a strong showing from the big U.S. … Read more

New Banking Rules: Lower Fees and Relief for Canadian Mortgages

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On October 17, Deputy Prime Minister and Minister of Finance Chrystia Freeland unveiled a package of new affordability measures focused on mortgages and banking. Developed in consultation with the Financial Consumer Agency of Canada (FCAC), these proposals are part of a broader set of federal actions over the past two years aimed at easing the … Read more