Although overall inflation slowed last month, shoppers continue to face rising grocery costs, Statistics Canada reports. In April, prices for food bought at stores were up 3.8% year over year, rising from 3.2% in March. That increase outpaced Canada’s overall annual inflation rate of 1.7% for the third month in a row, underscoring that grocery … Read more

Ask MoneySense I just set up an American dollar TFSA to complement my existing TFSA. I do not know how the contribution gets calculated, and the goal is to not overcontribute with the sum of these. —Michelle It’s perfectly fine to have more than one tax-free savings account (TFSA). Many investors keep a TFSA for … Read more

MoneySense is pleased to invite readers to the MoneyShow Canada Virtual Expo on Wednesday, May 28, 2025. MoneyShow Canada Virtual Expo The MoneyShow Canada Virtual Expo takes place on May 28, 2025. MoneySense’s editor-in-chief, Lisa Hannam, will be presenting alongside some of Canada’s most respected market experts, including Amber Kanwar, Susan Mallin, Ryan Modesto, Sue … Read more

Here’s a round-up of news for Canadian investors this week. Microsoft Honda CAE Walmart Featured RRSP Accounts featuredEQ BankBuild your retirement savings with 1.50% interest, tax-deferred contributions and zero fees.go to site featuredRegistered GIC rateEarn a guaranteed 2.75% in your RRSP when you lock in for 1 year.go to site Best RRSP ratesSee our ranking … Read more

Have you ever waited for a government cheque or payment from the Canada Revenue Agency (CRA) that was delayed by postal disruptions, severe weather, labour strikes or statutory holidays? Those delays can be more than inconvenient—they can create real financial stress for Canadians who rely on timely payments. Setting up CRA direct deposit ensures your … Read more

A little knowledge can make a large task feel manageable—especially when it comes to life insurance in Canada. Most people only learn about it when they decide to buy a policy, so this guide explains the essentials to help you choose the coverage that fits your needs and protects your family. What do I need … Read more

Most young people only interact with insurance when it’s required by law—auto insurance, tenant coverage or home insurance are common first encounters. Typical cost-saving tips remain the same: compare providers, bundle multiple policies and consider a higher deductible to reduce monthly premiums. The Insurance Bureau of Canada also recommends asking about discounts. If you own … Read more

Home insurance protects your property and possessions, but it’s one of those necessary expenses many Canadians wish they could reduce. When budgets are tight, people search for “cheap home insurance” or “how to save on home insurance.” While there’s no single solution that guarantees both the lowest price and complete coverage, you can find the … Read more

Landlord insurance is a specialized type of coverage for property owners who rent out a room, apartment, or entire house to tenants. Often called rental property insurance, it differs from standard home insurance in several important ways—most notably by offering protection for loss of rental income if your property becomes temporarily uninhabitable due to a … Read more

If you’ve walked or driven through Toronto’s Little India, you’ve probably noticed Chandan Fashion, the bright-pink, three‑storey bridal emporium the Singh family has run for more than forty years. Over the past few seasons, Canadians from coast to coast have fallen for the Singhs—patriarch Kuki, matriarch Sarab, daughter Chandni, son Chandan and daughter‑in‑law Roop—thanks to … Read more