Financial Caregiving: Using Power of Attorney to Support Aging Parents This article is part two in a series on financial caregiving for seniors. Read other articles in this series for more guidance on recognizing when to step in and how to plan. 3 signs you need to take control of your parents’ finances After realizing … Read more

Canadians have faced a challenging year for personal finances, and that strain is showing up in rising calls to credit counselling agencies. A recent study from Credit Canada reports a 39.6% increase in counselling requests nationwide over the past year. This article explains why many Canadians are struggling with debt and shares practical, realistic steps—based … Read more

Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain provides timely analysis of market-moving headlines to help Canadian investors make sense of the cryptocurrency landscape. If you follow the crypto market, you likely noticed a sharp fall in prices recently. In October and November, Bitcoin (BTC) plunged from a peak near $124,000 … Read more

The holidays bring laughter, warmth and time spent with loved ones — but the season’s glow can dim fast when credit card bills arrive in January. Financial and behavioral experts share practical, proven advice to help you enjoy the festivities without carrying holiday regret into the new year. Choose presence over presents this season Many … Read more

If you work for an employer that offers a defined benefit (DB) pension plan, you may be eligible to buy back past service. Buying back service means you pay to have periods during which you did not contribute treated as if you were a plan member in those years. In most cases, buying back service … Read more

Ask MoneySense I liked your coverage of RRIF taxation. I would like to see more information on LIF taxation. More precisely, on the following scenario: Individuals do not get the $2,000 tax credit for RRIF withdrawals before age 65. Did I read properly that for LIF withdrawals the $2,000 tax credit applies to anyone, irrespective … Read more

Here’s a round-up of news for Canadian investors this week. Barrick Mining Alimentation Couche-Tard Blue Ant Media Brookfield Featured RRSP Accounts featured EQ Bank Build your retirement savings with 1.50% interest, tax-deferred contributions and zero fees. go to site featured Registered GIC rate Earn a guaranteed 2.75% in your RRSP when you lock in for … Read more

Many investors face the same question: how do you keep cash available for opportunities without letting it sit idle and earn nothing? Cash exchange-traded funds (ETFs) are an increasingly popular solution. They let investors hold liquid assets while collecting a modest return, and demand for these products has grown across age groups as people look … Read more

The Canada Revenue Agency (CRA) has long offered a way for taxpayers to correct past filing mistakes: the Voluntary Disclosures Program (VDP). The VDP lets eligible taxpayers come forward to correct errors or omissions on previous returns and, if accepted, receive relief from penalties and a portion of the interest charged. Importantly, successful disclosures are … Read more

When Christine Perry* of Burlington, Ontario enrolled her then-3-year-old daughter in dance lessons, she was fulfilling a childhood wish. Christine’s parents hadn’t been able to pay for extracurriculars when she was young, and she was determined to give her children opportunities she had missed. Christine later had two more daughters and eventually all three were … Read more