The federal finance minister has repeatedly told Canadians that, despite a rocky recovery from the pandemic, the economy is improving. Recent data point to lower inflation, falling interest rates and a recovery that avoided the deep recession many feared. Inflation is at 1.6%, below the Bank of Canada’s 2% target. Interest rates have been receding … Read more

Canadian residents are taxed on their worldwide income. That means income earned abroad is generally taxable on a Canadian return, even if it is also taxed by the country where it was earned. In addition, some foreign assets must be reported to the Canada Revenue Agency (CRA) even if they do not generate income. Failing … Read more

Whichever candidate wins the U.S. presidential election next Tuesday, many investors are likely to breathe a sigh of relief as a major source of uncertainty is resolved. Yet experts caution that broader macroeconomic forces — including interest rate decisions, inflationary trends and geopolitical tensions — will probably wield greater influence on markets over the next … Read more

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Apple, Nvidia growth—no cap Depending on the day you ask, the title of “most valuable company in the world” goes to either Apple or Nvidia. Both companies are trading at market … Read more

Money isn’t just paycheques, possessions, savings, property or investments—it’s all of those things and more. As editor-in-chief of MoneySense.ca, Lisa Hannam has expanded the editorial team and increased the volume of published content, keeping the site an approachable resource for Canadians at every stage of financial literacy. She ensures every article meets the rigorous journalism … Read more

The Canadian economy showed no growth in August as elevated interest rates continued to weigh on consumer spending and business activity. Statistics Canada’s latest gross domestic product report says gains in services-producing industries were offset by declines in goods-producing sectors, leaving overall output flat for the month. A preliminary estimate for the third quarter indicates … Read more

How to negotiate a higher salary in Canada Why it’s important to negotiate a higher salary How do you know when it’s time for a pay raise? How much of a raise should you ask for? How to renegotiate your salary What if your manager rejects your salary negotiation attempt? How to approach a wage … Read more

After reading countless success stories about cryptocurrency on social media, Martin Dasko, a 36-year-old money blogger in Toronto, decided in March 2021 to look into crypto for himself. His father had been an early adopter of ether, the native token of the Ethereum platform, but when Dasko mentioned his plans his dad responded with skepticism—mocking … Read more

Leasing a car is a different way to pay for a vehicle, and while it offers clear advantages, experts say it is a good fit for a relatively small group of drivers. The primary attraction is lower monthly payments on a brand-new vehicle, which can be especially appealing to people watching their monthly cash flow. … Read more

Financial writer and editor Michael McCullough has built a career helping Canadians make sense of a wide range of personal finance topics, from real estate to alternative investments. A contributor and former managing editor at several national publications, Michael writes for MoneySense, The Globe and Mail and BCBusiness, and has previously served as managing editor … Read more