Did you know about 60% of Canadian households own a pet, yet only a small fraction of those animals are protected by pet insurance? If you’ve hesitated to buy a policy because you’re unsure what pet insurance covers or whether it’s worth the cost, this guide will help you understand the basics so you can … Read more

Ask MoneySense Your recent article is the first time I have seen reference to a CPP death benefit of $2,500. Can you explain it, please? —Sam The Canada Pension Plan (CPP) is primarily designed to provide a retirement pension to people who have contributed to the plan. Contributions are made by employees, employers and self‑employed … Read more

Restaurants across Canada are feeling the strain as consumers cut back on dining out and rising operating costs squeeze margins, according to a new industry report. The study found that about three in four Canadians are eating out less, primarily driven by the higher cost of living. The reduction is especially pronounced among younger adults: … Read more

You may think your accounts are secure behind strong passwords, but criminals increasingly target the weakest link in a household’s digital defenses: children. Fraudsters befriend kids online, gather small details—like a pet’s name or a favourite hobby—and then feed those clues into automated tools to generate permutations that can help them guess passwords or answer … Read more

The return to in-person work is well underway: trains and buses are crowded again, weekday traffic has become a daily struggle, and downtown spots are busier during peak hours. For many Canadians, the five-day office routine is making a comeback, but it’s not identical to what it was before the pandemic. Prices for groceries, fuel … Read more

The Bank of Canada reduced its benchmark interest rate by 25 basis points on Wednesday, shifting its focus from inflation risks to a slowing economy. The policy rate now sits at 2.5%, ending a streak of three consecutive rate holds that began in March. Governor Tiff Macklem explained that the balance of risks has changed … Read more

Many working-age Canadians wonder how retirement will affect their tax situation. As you save and build wealth, it’s important to plan for how your retirement income and assets will be taxed so you can avoid surprises and manage cash flow effectively. Taxation in Canada While working, payroll deductions are calculated using Canada Revenue Agency (CRA) … Read more

Parents today face a tremendous responsibility: preparing children for a future that is difficult to predict. The world these children will inherit as adults already differs dramatically from the one their parents knew. Artificial intelligence is reshaping jobs, industries are being disrupted, and the skills that once guaranteed success may not be the ones that … Read more

Your Tim Hortons order might soon come with Canadian Tire money attached. Canadian Tire Corporation Ltd. announced Monday that it is partnering with Tim Hortons to offer combined rewards to customers of both brands. Beginning sometime next year, customers who link their Triangle and Tims Rewards accounts will be able to earn Canadian Tire money … Read more

The Canadian Real Estate Association (CREA) reported the strongest August home sales in four years, a sign that the market may be heating up heading into the fall. Nationwide transactions reached 40,257 last month, an increase of 1.9% from 39,522 in August 2024. Sales also rose 1.1% from July, marking the fifth consecutive monthly gain … Read more