How cash ETFs keep your money working + MORE Nov 26th

There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.

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Are you really ready to retire? Why many Canadians are struggling with retirement planning + MORE Mar 25th

Despite best intentions, many Canadians are not financially prepared for retirement. This reality is driven by a combination of factors: rising costs of living, growing debt levels, insufficient personal savings, and a lack of proper planning. Unexpected life events such as health challenges, job lo.... More »

Summer energy savings: How to stay cool without cranking the AC Jul 23rd

When the mercury begins to rise, Jeffrey Siegel sinks into a routine. Windows facing the east are covered in the morning before those in the west are shrouded in the afternoon, his fan gets switched on, more of his cooking moves to the barbecue, and a clothesline is brought out whenever there is la.... More »

When will I receive my Old Age Security benefits? OAS payment dates for 2026 + MORE May 27th

If you’re close to retirement or are a pensioner trying to manage your monthly budget, it helps to know when your Old Age Security (OAS) benefits are paid out. The government publishes the payment dates and provides a wealth of information about the program, but you may still have questions. We’.... More »

A tax guide for Canadians with disabilities + MORE May 6th

It is the understatement of the century to say that being disabled is expensive. Many advocates refer to the added financial burden as the “disability tax”—the extra, unavoidable costs of living with a disability. In Canada, where about 27% of people identify as disabled according to Statistic.... More »

So you fell short of your financial goals in 2025—here’s how to do better + MORE Dec 31st

Did you fall behind on your financial goals for 2025? If so, you’re not alone. According to a survey by online estate planning platform Willful, 58% of Canadians reported postponing financial tasks they’d earmarked for the year, such as paying down debt, contributing to registered savings and in.... More »

What is the CRA’s Voluntary Disclosures Program?

– moneysense.ca

The Canada Revenue Agency (CRA) has had a program for many years for taxpayers to fix errors or omissions made on previous tax returns. The Voluntary Disclosures Program (VDP) grants relief from penalties, interest, and most importantly, criminal prosecution, albeit on a case-by-case basis.

Tax owing still applies but “to be fair to all, the CRA grants a higher level of relief to those who are correcting an error before being contacted than those who are correcting errors after being prompted by communications from the CRA or any other authority of administration.”

How to quality for the VDP

There are five primary conditions for the VDP. The disclosure must:

Be voluntary

Include information that relates to a tax year/reporting period that is at least one year/reporting period past the due date

Involve the application of a penalty or interest

Include all known errors or omissions

Include a payment or a request for a payment arrangement

Recent changes to the VDP

New guidelines began on October 1, 2025 that impact disclosures related to income tax, sales tax, withholding tax, excise duties, and several other taxes…

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How cash ETFs keep your money working

– moneysense.ca

It’s a dilemma for many investors: you want to have cash set aside to hop on investment opportunities that might arise, but you also don’t want the money sitting in your portfolio not collecting any return. Enter cash exchange-traded funds. Experts say there is increasing demand for cash ETFs among investors old and young as they offer the flexibility of having liquid assets coupled with the benefit of a modest return.

Chris Merrick, founder and owner of Merrick Financial, said there are a few different kinds of cash ETFs, but many work by essentially taking positions in high-interest savings accounts at large banks. Others invest in low-risk debt securities like bonds, known as money market ETFs. He highlighted that cash ETFs provide the ability to preserve capital while offering liquidity, unlike guaranteed investment certificates, which lock in the money for a specified period of time. “The liquidity is good. You get the interest income, which is better than a bank savings account…

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