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Your ID was stolen, here’s what to expect + MORE Jan 7th
Your identity was stolen—what does that mean, and how might it impact you in the future? It’s a frustrating situation to be in, and you may have concerns about protecting your credit rating and preventing scammers from using your identity to commit fraud.
Unfortunately, identity theft is on t.... More »
The best travel insurance credit cards in Canada for 2025 Jan 11th
Many Canadian credit cards come with built-in travel insurance benefits, such as emergency medical coverage, trip cancellation protection and flight delay compensation, which can save travellers from unexpected out-of-pocket expenses. Our list of the best travel insurance credit cards come with thes.... More »
CPP payment dates in 2025, and more to know about the Canada Pension Plan + MORE Jan 3rd
In Canada, no retirement plan is complete without considering the CPP. Whether you’re approaching retirement or still several years away from it, the Canada Pension Plan will likely play a role in your retirement income. How big a role depends on several factors. You may have other questions, too..... More »
Buying a car in Canada can be a daunting task for newcomers to the country, facing unique challenges like a lack of credit history, an unfamiliar selection of vehicles, new regulations, and new financing and insurance options. Below, we’ll dive into the important steps, tips and pitfalls to help newcomers successfully navigate the Canadian car-buying journey. We’ve included insights from Janet Gray, an advice-only Certified Financial Planner with Money Coaches Canada.
What is the average car price in Canada?
According to CanadianAutoDealer.ca, the average transaction price for a new passenger car in Canada is about $46,000, and the average transaction price for a new light truck (pickup or SUV) is about $54,000. Just under 9 in 10 vehicles sold in Canada are light trucks. Fewer shoppers than ever are choosing to drive passenger cars, and fewer automakers are selling them.
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