Gen Z housing hacks for the return-to-office era + MORE Nov 3rd

Trust tax compliance has become more complicated in recent years with additional disclosure requirements. The potential for required bare trust tax return filings has created confusion for taxpayers for the upcoming tax season after two years of exemptions. Here is an update on the latest developments as of fall 2025.

What is a trust?

A trust is a legal arrangement whereby a settlor transfers assets to a trustee or trustees who hold and manage those assets for a beneficiary or beneficiaries. The trustee is responsible for making decisions for the trust and there may be very specific instructions for how the assets are to be administered, and why and when the assets can be used on behalf of or paid to a beneficiary. 

The most common types of trusts for individuals are testamentary trusts and inter vivos trusts.

A testamentary trust comes into existence upon the death of an individual. A common example is if a parent or grandparent dies and leaves assets to a minor beneficiary who is too young to receive an inheritance directly…

Anticipation is building on what the federal government might say in Tuesday’s budget about the buzziest corner of the crypto world. Stablecoins, the kind of crypto asset that aims to mirror real-world currencies rather than replace them, have been growing fast enough to raise fears they could eventually destabilize Canada’s finances if the country doesn’t change its approach.

There have been increasing calls to simplify the rules to make it easier to launch Canadian-dollar linked stablecoins, and stem the potential outflow of capital from the country. “At a minimum, from a sovereignty perspective, Canadians should want a Canadian stablecoin,” said Didier Lavallée, chief executive of digital assets company Tetra Digital Group.

U.S. stablecoin dominance puts pressure on Canada

Concerns have risen since the United States passed legislation this past summer that establishes clear rules around the sector, and further entrenched U.S.-dollar dominance in the space that touts faster and cheaper money transfers…

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.

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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings of major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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Highest GIC rates in Canada

Banks, credit unions, trust companies and discount brokerages all offer GICs. Below, you’ll find the best rates available from a variety of financial institutions, including credit unions and Canada’s Big Six banks. The rates listed are for non-redeemable GICs held in non-registered accounts—the most popular type of GIC in Canada…

After years of remote work and suburban migrations, many young Canadians are being pulled back into city centres, where rental markets are more expensive. Toronto’s average rent, for example, sits around $2,600/month—about 20% higher than the national average, keeping the city among Canada’s priciest rental markets, after Vancouver.

Even as the Bank of Canada’s rate cuts make headlines, affordability challenges continue to squeeze Gen Z and younger millennials from both sides: rising rents and record-high housing costs.

“The return-to-office push has really redefined what ‘affordable’ means,” says Rishard Rameez, CEO and co-founder of Zown, a buyer-first real estate platform designed to help renters transition into ownership “faster, and with a lot less stress.”

Zown’s model is built for transparency, combining salaried realtors, trusted lenders, and instant pre-approvals. “Our goal is to put buyers first, not the system, by giving them more transparency, more support, and even up to 1…

A new survey from FP Canada reveals that despite looming economic uncertainty, nearly 7 in 10 Canadians feel confident that they’re going to meet major financial milestones like retirement, buying a home, and travel. 

But long-term confidence doesn’t mean that Canadians are untouched by the current economic environment. While 68% said they’re confident they’ll ultimately meet their milestones, over half (51%) said that they’re currently putting off at least one major financial goal. 

How can Canadians make sure that they hit the milestones they’re planning for? FP Canada’s survey highlights a huge confidence gap between those who currently work with a financial planner and those who don’t. Of those working with a financial planner, 79% say they’re confident about their goals, compared with just 59% of those without professional guidance. 

Laura Bishop, Qualified Associate Financial Planner (QAFP) at IG Wealth Management, says that financial planners can help Canadians of all ages and income levels prepare for life milestones with the help of an expert who knows the market in and out…