The current economic climate is reshaping how Canadians save and invest. A recent TD survey found that 65% of Canadians say the high cost of living is affecting their ability to reach financial goals. Rising everyday expenses are prompting many people to prioritize immediate cash needs over longer-term investments, which can leave savings plans and … Read more

Ask MoneySense Can I move my security holdings from a Canadian non-registered account to a U.S. brokerage non-registered account without tax implications? –Meranda Tax implications of moving investments from a non-registered Canadian account to a U.S. brokerage The short answer is: it depends. Whether you can transfer securities from a Canadian non-registered account to a … Read more

In 2023 we heard a lot about trends like “soft saving” and “quiet hiring.” In 2024 new workplace and money-related buzzwords kept emerging — from “hush trip” to “money dysmorphia.” Below, we explain the terms that caught the MoneySense editorial team’s attention and list recommended reads to help you prepare your finances for 2025. 1. … Read more

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares the headlines and context Canadian investors should care about. Every year around this time, pundits and market commentators emerge with bold predictions. They write headlines and record videos designed to attract clicks, then move on—rarely held accountable for misses. … Read more

The federal government has proposed tighter rules clarifying airlines’ obligations to passengers when flights are delayed, cancelled or disrupted—even in situations deemed “exceptional circumstances” and outside the carrier’s direct control. The changes come as part of an update to the Air Passenger Protection Regulations being advanced by the Canadian Transportation Agency. Do airlines pay for … Read more

Ask MoneySense A company whose stock I own has gone bankrupt. Can I claim the loss on my taxes, and if so, how? —Jake Can you save on tax when a company you invest in goes bankrupt? Short answer: maybe. Whether you can claim a tax deduction depends on where you held the shares, whether … Read more

Will he or won’t he? Since former president and president-elect Donald J. Trump threatened tariffs—25% on goods from Canada and Mexico and 10% on imports from China—investors have been asking whether this is a negotiating tactic or a policy he will actually pursue. It could be both; it’s certainly intended to influence negotiations. Even if … Read more

I’m half-Italian, grew up in a kitchen and am a seasoned home cook. Even so, I still turn to an expert (my mom) for advice on my most special dishes. The same holds true when shopping for a car loan: expert guidance and careful planning make the difference between a good deal and a costly … Read more

Buying a car in Canada can feel overwhelming for newcomers. You may face challenges such as no local credit history, unfamiliar vehicle options, different regulations, and new financing and insurance choices. This guide outlines practical steps, tips and common pitfalls to help newcomers navigate the car-buying process in Canada. It also includes insights from Janet … Read more

A Tax-Free Savings Account (TFSA) is a flexible, government-registered account that lets Canadians earn investment income tax-free. Available to residents aged 18 and older, a TFSA differs from a Registered Retirement Savings Plan (RRSP) because contributions are not tax-deductible. That means you contribute after-tax dollars, but any interest, dividends or capital gains earned inside the … Read more