We all pay taxes, yet many of us rarely check which federal and provincial tax brackets apply to our income. Understanding those brackets matters: it helps you estimate how much tax you’ll owe for 2022, especially if you’re self-employed or have a side hustle and haven’t had tax withheld. Knowing the federal and provincial bracket … Read more

Ask MoneySense I have lived in Canada for 24 years and I’m 65 years old now. I am still working at a company making a $78,000 salary. Since my health condition is OK, I am going to continue to work for two to four years. My question is: In my situation, is it better for … Read more

This week, Cut the Crap Investing founder, Dale Roberts, reviews the week’s financial headlines and explains what they mean for Canadian investors. What a week—the wrap It felt like déjà vu on the rate-hike front. Federal Reserve Chair Jerome Powell signalled that the Fed may slow the pace of rate increases as policy approaches a … Read more

Money-wise, this past year has been tough for many Canadians. The start of a new year is an ideal time to rethink spending habits and adopt strategies that improve your financial health. Avoid these three common money mistakes to set yourself up for greater stability and progress in 2023. Money mistake #1: Not paying off … Read more

There’s no way around it: the most wonderful time of year may also be the most expensive—especially this holiday season. According to research from Dentsu, 75% of consumers are worried about inflation driving up the cost of holiday items. From the turkey on the table to the decorations on the tree, many familiar traditions will … Read more

Want to improve how you manage your money? Personal finance newsletters deliver timely guidance, practical tips and market context directly to your inbox. Whether you’re building basic money habits, expanding your investing knowledge, or tracking economic trends that affect your finances, these top personal finance newsletters are worth subscribing to. For additional tips and curated … Read more

Franchise founder Nathalie Smith still remembers the joy on guests’ faces when they left the spa where she once swept floors and answered phones. Years later, she discovered a way to recreate that feel-good, big-reveal moment through eyelash extensions. After saving from her property management business and taking technical courses in her spare time, she … Read more

When you begin earning your own income, managing your money becomes your responsibility. It’s common to check your bank account after payday and wonder where the money went. That’s why creating a budget is essential. An RBC poll found that more than 80% of young adults consider financial stability central to their overall happiness. The … Read more

This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors. It’s a pleasure to return to the “Making sense of the markets this week” column at MoneySense while Kyle Prevost enjoys a family holiday. Below I summarize the key market themes, recent data and what Canadian investors … Read more

Tax season is here again, and it’s time to gather your documents. Beyond the usual T4 slips and RRSP contribution statements, there are several credits and deductions to be aware of for the 2022 tax year. Below is a clear, practical summary of key deadlines, federal tax credits, and changes that may affect your return. … Read more