If you receive a year-end bonus or a recent pay increase, you may be wondering how best to use that extra cash. For many Canadians the money will simply help cover rising living costs or provide some breathing room for monthly expenses like rent, mortgage payments, utilities and loan repayments. But if your regular bills … Read more

Questrade announced during a TV spot aired in the 2025 Super Bowl (February 9) that it will now offer commission-free trades for Canadian and U.S. stocks and exchange-traded funds (ETFs). This change brings the number of brokers offering 0% commission trading in Canada to three, joining Wealthsimple Trade and National Bank Direct Brokerage. Questrade fees … Read more

U.S. inflation accelerated in January as consumers faced higher prices for groceries, gasoline and used cars, a development that will be unwelcome news for households and businesses already contending with elevated costs. According to the Labor Department’s consumer price index, overall inflation rose 3.0% year over year in January, up from 2.9% in December and … Read more

Dying intestate means passing away without a valid will. When that happens, provincial laws determine how your estate is distributed and who will act as executor. Planning your estate—creating a clear, up-to-date will and naming beneficiaries—ensures your wishes are carried out and eases the administrative burden on loved ones. In 2013, my father took his … Read more

The tax-free savings account (TFSA) is one of the most effective ways for Canadians to grow their savings. This registered account—approved by the federal government—lets your investments grow tax-free and allows tax-free withdrawals, a combination unmatched by other registered accounts in Canada. A TFSA is flexible enough to support both near-term goals (a wedding, a … Read more

Ask MoneySense My partner and I plan to buy a $600,000 home in two to three years with a 20% down payment. Can we each use $40,000 from our FHSAs and $60,000 from our RRSPs through the Home Buyers’ Plan, even though we would only need $120,000 for the down payment? We would use the … Read more

Companies that reported earnings this week Canada Goose BCE Bombardier Suncor Thomson Reuters Eli Lilly Lightspeed Canada Goose (TSE: GOOS) Q3 profit: $139.7 million, or $1.42 per diluted share (up from $130.6 million or $1.29 a year earlier) Q3 revenue: $607.9 million (down slightly from $609.9 million a year earlier) Source: Google Canada Goose’s Q3 … Read more

We invite you to share your thoughts on personal finance in a short, three-question poll for an upcoming MoneySense article. The survey is quick and anonymous. MoneySense does not retain your email address for this survey. If you’d like ongoing tips and updates, you can sign up for one or more of the free MoneySense … Read more

Fuel costs can add up quickly for Canadians who commute or drive regularly. Choosing the right credit card for gas purchases can put money back in your pocket through cash back, rewards points or station discounts. Below, we outline top credit cards available in Canada that help you save at the pump, comparing welcome offers, … Read more

Ask MoneySense Which receipts do I need to keep for my personal tax return? I want to reduce the amount of paperwork I prepare for filing. —Pepper Keeping receipts for income tax claims If you plan to claim any deduction or credit on your tax return, keep the receipt and supporting documents. Taxpayers carry the … Read more