Ask MoneySense If I convert 50% of my RRSP to a RRIF, is the mandatory withdrawal calculated on the converted portion only or on the combined total of my remaining RRSP plus the converted RRIF? Does the Canada Revenue Agency (CRA) tell me how much I must withdraw each year from my RRIF? — Jackie … Read more

Ask MoneySense My wife and I are both retired office workers from a large manufacturing firm. She retired at 60 and I at 61. We’re both 67 now. Between our pensions, a small LIF, Old Age Security (OAS) and maximum Canada Pension Plan (CPP) benefits, plus roughly $12,000 a year in dividend income, our retirement … Read more

Meet Natasha Knox Natasha Knox is a Certified Financial Planner who built her experience working with both large and small finance firms before founding Alaphia Financial Wellness, an advice-only practice serving clients across Canada. Recognizing that money is rarely only a technical problem, she blends traditional financial planning with financial therapy to address the emotional, … Read more

Elon Musk’s automaker is required by law to disclose annually to investors a range of risks that could harm the company. The most recent filing lists a wide variety of threats, from costly litigation and battery-fire hazards to geopolitical conflicts and the possibility of future pandemics. Notably, the report says little about Musk’s high-profile foray … Read more

Our picks for the best electric vehicles (EVs) in Canada for 2025 are here. It promises to be an eventful year, with numerous new models arriving, established EVs receiving updates, and shifting market dynamics driven by policy, infrastructure and consumer preferences. Below we outline the major trends that will shape the Canadian EV market in … Read more

Italian automaker Fiat has been building cars for 125 years, and the iconic Fiat 500 has been part of that history for 67 years. The modern Fiat 500 has appeared in many forms over the decades, and its latest incarnation—the all-electric Fiat 500e—is now Canada’s most affordable electric hatchback. Its arrival comes at an opportune … Read more

The Hyundai Ioniq 5 has quickly become a top choice for both first-time and returning electric-vehicle buyers in Canada. Built on a dedicated EV platform, the Ioniq 5 was engineered for structural stiffness and a well-tuned ride, without compromises to accommodate a gasoline counterpart. The result is a vehicle that combines value, striking design and … Read more

Last year we named the 2024 Hyundai Ioniq 6 our top choice for buyers seeking long-range electric driving without the luxury price tag. The Preferred Long-Range trim in particular delivered exceptional range per dollar, making it a compelling option for drivers who prioritize extended highway capability and everyday usability. For 2025, the Ioniq 6 continues … Read more

Dollar for dollar, the 2025 Polestar 2 remains one of the most compelling choices for drivers who want a sporty, well-engineered electric car that doubles as a calm, comfortable highway cruiser. It balances engaging handling with refined highway manners, and for 2025 the model benefits from improved range figures and subtle refinements that sharpen its … Read more

Luxury car buyers are increasingly choosing fully electric models, and automakers have responded with refreshed lineups and significant updates to popular vehicles. One standout is the BMW i4 — a premium, all-electric sedan that combines performance, refinement and technology. Introduced in 2021 for the 2022 model year, the i4 moves into its fifth production year … Read more