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The new financial roadmap for Gen Z and young Canadians + MORE Jun 19th
Young people don’t need another slew of statistics telling them their financial lives will be different from their parents’ generation. They need a plan.
Education is expensive, homeownership is delayed, careers have evolved. There’s a new set of milestones for financial adulthood, an.... More »
Waiting for tax time? New survey shows more Canadians are relying on refunds Mar 26th
What people plan to do with their tax refund gives a tiny glimpse into the economy as a whole, which is why EQ Bank recently released its survey on how Canadians are approaching tax season this year.
Spoiler alert: It’s been a rocky few years with inflation and a high cost of living, so it’.... More »
ChatGPT maker OpenAI shifts its focus to business users amid Anthropic pressure Apr 16th
The same ChatGPT chatbot that gave OpenAI’s chief financial officer Sarah Friar a tilapia recipe for a recent Sunday night dinner at home is also now doing her most mundane tasks at work like summarizing her emails and Slack messages..... More »
The best GIC rates in Canada for 2026 Jun 16th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Wealthsimple-X deal sparks investor risk concerns + MORE Apr 20th
A new partnership Wealthsimple has struck with social media platform X could greatly expand the finance company’s reach—but some critics are raising concerns about the risks for investors.
Through the partnership launched this week, Wealthsimple customers who have its app on their p.... More »
Losing a spouse is devastating. Losing access to the family’s savings on top of that? Heartbreaking—and more common than many Canadians realize. Imagine waking up after your partner passes away, only to discover that a $400,000 investment account is frozen. Months drag on while the courts approve the will, thousands in probate fees vanish into government coffers, and you’re left scrambling to pay the bills. The culprit is often surprisingly simple: non-registered investment accounts held in only one spouse’s name.
The hidden snag in non-registered accounts
If a non-registered account is held individually, it doesn’t automatically pass to a surviving spouse. Instead, it becomes part of the estate and is subject to probate, the court-supervised process of validating the will and confirming the executor’s authority. Depending on the province, probate can take months or even over a year.
During that time, a surviving spouse may be locked out of the account—but the fees continue to add up…
