How to go about securing the best rate and plan for your credit card in Canada.
Latest News
Ontario scientists discover hidden gem on Mars, here’s what it can teach us about the planet’s history - NOW Toronto + MORE Jul 2nd
Ontario scientists discover hidden gem on Mars, here’s what it can teach us about the planet’s history NOW Toronto.... More »
U of T researchers discover graphics card vulnerability that can lead to full system takeover - University of Toronto + MORE Jun 11th
U of T researchers discover graphics card vulnerability that can lead to full system takeover University of Toronto.... More »
Why we overspend to earn rewards points Jun 21st
Even the most financially disciplined person might catch themselves chasing rewards from a credit card or loyalty rewards program. It’s not just you or a lack of willpower; credit card issuers and retailers design rewards programs to tap into the psychology of spending.
Research shows that peop.... 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 »
Before you borrow: Navigating back-to-school financial aid in Canada Jun 26th
Each year, more than half a million Canadians take out student loans to cover tuition, books, and living costs. But according to some recent research, including a study from Royal Bank of Canada (RBC), many students are unprepared for how these loans work and how to manage repayment.
Understandin.... More »
If you typically carry a credit card balance, you’re in good company. The recent Study of the Canadian Consumer (Winter 2026) by Vividata shows that more than 1 in 3 Canadians (36%) usually have a credit card balance from month to month. What’s striking, however, is the study’s finding that 49% of card holders are living paycheque to paycheque. That financial fragility is what makes tax season especially risky.
Many Canadians rely on their tax refunds to pay down debt or catch up financially, but when those refunds are smaller than expected (or, worse, turn into a bill), it can push already-stretched households further into debt, creating a cycle that’s hard to break.
We spoke with Stacy Yanchuk Oleksy, CEO of Money Mentors, about the challenges Canadians are facing, how to avoid a surprise bill at tax time, and what to do if you owe money after filing your return.
Why so many Canadians are vulnerable at tax time
The Vividata study polled 75,000 people nationwide to get an idea of the state of Canadians’ personal finances…
