Many Canadians rely on credit cards while travelling, but those cards can add unexpected costs. Regular credit cards frequently tack on extra charges for purchases made in foreign currencies and for some ATM withdrawals. Those fees accumulate quickly and are rarely included in a traveller’s budget. If you want to avoid these added costs, consider … Read more

When Canada’s most valuable companies held their annual general meetings this year, shareholders faced a new item on the ballot alongside routine votes to elect directors and approve executive pay. A proposal from Quebec’s investor-rights organization, the Movement for Education and Defence of Shareholders (MÉDAC), focused on artificial intelligence. It asked 14 companies — including … Read more

If you hold investments in a taxable, non‑registered account, income tax considerations should influence your investing decisions. Although only half of a capital gain is taxable in Canada, the tax bill can still grow large when an investment performs very well or is held for many years. Thoughtful planning can help you protect more of … Read more

When exchange-traded funds (ETFs) first gained traction in Canada more than a decade ago, their main appeal was simple: low-cost, instant diversification. For roughly the cost of a single stock trade, investors could gain exposure to hundreds or even thousands of individual equities and bonds. Today, however, a new generation of ETFs takes a very … Read more

It’s summertime, and many Canadians are taking a break. If you used a credit card to book your trip or to cover expenses while away, you could be paying more than you realize. Travel credit cards often promise perks and rewards, but they frequently come with high fees and other hidden costs that add up … Read more

Two recent surveys highlight the mounting financial pressure on Canadian households as prices rise and wages lag. One study from Mortgage Professionals Canada (MPC) finds most recent home buyers relied on outside help to get into the market, while a separate poll by licensed insolvency trustee Harris & Partners shows many Canadians struggle to cover … Read more

For many Canadians, selling a property brings an unexpected tax consequence: capital gains tax. Whether you’re selling a cottage, a rental unit, or a former principal residence, knowing how capital gains are calculated and how a professional, certified appraisal can reduce your tax burden is essential. A clear, defensible valuation can make a meaningful difference … Read more

Canada’s largest convenience store operator unexpectedly abandoned a landmark bid that would have dramatically expanded its global footprint when it withdrew a proposal to acquire the parent company of rival 7-Eleven on Wednesday. Alimentation Couche-Tard, the Laval, Quebec–based owner of Circle K and Ingo, spent nearly a year pursuing Seven & i Holdings Co., the … Read more

Cogeco Inc. has officially launched its long-anticipated wireless service in Canada, positioning itself to compete by focusing on “low-to-mid data users.” The Montreal-based telecommunications company said it has already begun signing up an initial group of customers after a pre-registration period open to its existing Canadian wireline subscribers. President and CEO Frédéric Perron told analysts … Read more

When you imagine a young, ambitious entrepreneur these days, a sleek startup founder or app developer might come to mind. Yet amid economic uncertainty a different trend is emerging: many young Canadians are choosing to buy established, low-profile businesses from retiring Baby Boomers. These businesses — laundromats, dry cleaners, car washes, plumbing shops and other … Read more