How to go about securing the best rate and plan for your credit card in Canada.
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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 »
Tipping in tough times: How to tip without overspending Apr 17th
With many Canadians facing greater financial constraints, sentiment around tipping culture is shifting. Over the past few years, customers have seen “suggested” tipping amounts rise, and with more people paying on debit and credit machines instead of cash, they are being asked to tip more often..... More »
Insights from the Gravitational-Wave Transient Catalogue-4.0 - Innovation News Network + MORE Jun 3rd
Insights from the Gravitational-Wave Transient Catalogue-4.0 Innovation News NetworkAstronomers discover a 'lost world' of black hole mergers: 'It's the astronomical equivalent of uncovering an ancient civilization' SpaceGravitational wave astronomy is now a fully mature scienc.... More »
Newly employed? Know your tax deductions Jul 24th
Convocations and graduation ceremonies are over and new employment contracts are in place. Now, it’s time to understand the tax consequences—especially when take-home pay is a lot smaller than expected.
Most new employees can benefit from an onboarding process that includes information about .... 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 »
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…
