Bitcoin surpassed $100,000 for the first time this week, driven by a powerful rally in the world’s most widely held cryptocurrency that picked up momentum following the election of Donald Trump. (All figures are in U.S. dollars.) The digital asset officially breached the six-figure mark late Wednesday, just hours after the president-elect announced his intention … Read more

Food prices in Canada are expected to rise by roughly 3% to 5% in the coming year, according to the 15th annual food price report released by a university partnership. The study warns that unpredictable factors such as climate change and geopolitical shifts—highlighted this year by the potential return of former U.S. president Donald Trump—could … Read more

You likely know when your paycheck arrives and how much your monthly cellphone bill is, but many people don’t track a basic cost: how much they pay in bank fees. Banks offer a wide range of chequing accounts with different privileges, fee structures and transaction limits. Choosing the right account and understanding how you use … Read more

Year-end tax planning can deliver meaningful financial benefits, yet many people overlook it. The process has three main aims: reduce taxes owed this year through legitimate planning, recover overpaid taxes from prior years, and set up strategies that minimize taxes in the years ahead. Reduce taxes in the current year There are several effective strategies … Read more

The Registered Disability Savings Plan (RDSP), introduced in 2008, is a powerful savings vehicle designed to help Canadians eligible for the Disability Tax Credit (DTC) build long-term financial security. Despite its value, awareness remains low: a recent Concentra Trust survey found that only about one in six Canadians (roughly 17%) had heard of the RDSP, … Read more

Whether you’re grabbing a few items for tonight’s dinner or stocking up for the week, most of us already rely on a few smart tactics to cut grocery costs. If you have a larger household or family members with special dietary needs, you’ve probably developed additional strategies to stretch your food budget while still buying … Read more

Canadians are facing a new wave of scams as fraudsters exploit disruption from the Canada Post strike to trick people into handing over money and personal information. With the postal work stoppage coinciding with the busy holiday season, scammers are using fake delivery notices, phishing messages and even deepfake phone calls to prey on consumers. … Read more

Ask MoneySense I bought and sold a pair of Taylor Swift tickets. StubHub requested my SIN. So I assume I have to pay tax on this, right? —Allison Reselling tickets to The Eras Tour Taylor Swift recently performed multiple sold-out shows in Toronto and is scheduled to finish The Eras Tour with performances in Vancouver. … Read more

Each January 1, Canadian savers welcome a familiar boost to their tax-free savings account (TFSA): new contribution room. For 2025, the annual TFSA contribution limit remains $7,000, unchanged from 2024. The TFSA was introduced in 2009 with an initial annual limit of $5,000. Since then, the limit has been adjusted for inflation and rounded to … Read more

If you’ve begun saving money from birthdays, holidays or part-time work, you might be wondering how to make those savings grow. Learning to save is a valuable habit for young people; investing those savings can be the next step toward financial independence. Across Canada, personal finance education in elementary and high schools has expanded in … Read more