Buying a starter home, living on a single income and staying with the same employer for 40 years—those patterns defined older generations, but they no longer reflect the realities many young Canadians face today. Between rising housing costs, sluggish wage growth and shifting career norms, traditional financial rules of thumb are often out of step … Read more

A spousal loan is a legitimate tax planning tool that lets a higher-income spouse lend money to a lower-income spouse so investment income—interest, dividends and capital gains—is taxed in the lower-income spouse’s hands. When properly structured, the arrangement avoids the income attribution rules that would otherwise transfer investment income back to the lender for tax … Read more

The name may sound technical, but robo-advisors fill an important middle ground between do-it-yourself investing and working with a live financial advisor. They are much less expensive than commission-based or fee-for-service advisors and the often costly investment products those advisors recommend. Robo-advisors do more than simply automate trades. They build and maintain portfolios of generally … Read more

After the holidays end, many Canadians face what’s commonly called a “holiday debt hangover.” It’s the uneasy feeling that arrives in January when celebrations are over but credit card bills and loan statements remain. Surveys indicate a growing share of Canadians carry holiday-related debt into the new year and feel increased financial pressure because of … Read more

Canadians are entering this year’s RRSP season with a noticeably cautious outlook. According to BMO’s recent Retirement Survey, roughly two-thirds of respondents believe saving and investing for retirement will be harder for them than it was for their parents. Canadians expect a tougher retirement than their parents Generational views vary, with younger adults reporting the … Read more

Money is a topic many of us were raised to avoid. Yet financial decisions influence major life choices—from whether to have children or buy a home to when you can retire—and nothing undermines a relationship faster than ongoing money stress. In a partnership, being aligned about finances is not optional; it’s essential for trust and … Read more

Maybe you hit a hot streak at the blackjack table last year and walked away with an unexpected pile of cash. Or perhaps a relative passed away and left you an inheritance. With the April 30 tax-filing deadline looming, you may be asking: will any of that money be taxed? In many cases in Canada, … Read more

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Living under the same roof as an ex after a breakup is a difficult and emotionally charged situation. For many Canadians facing tight budgets, moving out immediately isn’t always an option. When finances constrain your choices, experts recommend evaluating immediate safety, emotional capacity, and a realistic plan for leaving the shared residence. This approach helps … Read more

A new report finds that fewer than half of non-retired Canadians currently have a workplace pension plan. IG Wealth Management’s annual retirement study reveals a generational shift in how people in Canada are preparing for retirement: just 48% of non-retirees report having a workplace pension, whether a defined-benefit or defined-contribution plan. “The decline of defined … Read more