How to build credit history in Canada + MORE Sep 28th

How to go about securing the best return for your investment in Canada.
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What’s behind the retreat in responsible investing? + MORE Oct 15th

Socially responsible investing is down but not out in Canada, a new survey of investment advisors by the Responsible Investment Association (RIA) has found. Just under two-thirds of advisors (64%) report using responsible investing (RI) approaches and investments, down from 73% in 2023. But the shar.... More »

The best GIC rates in Canada for 2026 Jul 27th

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 »
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How to protect yourself from identity fraud in Canada + MORE May 26th

In 2024, Canadians lost a jaw-dropping $638 million to fraud, according to the Canadian Anti-Fraud Centre (CAFC). That’s already a hefty $60 million more than losses reported the previous year, but the true total is likely much, much higher—experts at the CAFC say that less than 5% of scams are .... More »
 financial consultant

Are women getting the right advice about RESPs? Apr 30th

When my first child was born in early 2011, I wanted to set up a registered education savings plan (RESP) as soon as possible. My husband didn’t have any student debt of his own, but I’d left university with over $40,000 owing on a line of credit—a huge number that I carried into our marriage .... More »
 financial consultant

Why filing your taxes is the first financial step that actually matters + MORE Apr 24th

For most of my adult life, I had never paid personal income tax—not because I was avoiding it, but because I lived and worked in the Middle East, where that’s simply not part of the system. When we started planning our move to Canada, the idea of paying taxes was, if I’m being honest, intimida.... More »
A one-of-a-kind solution is helping Canadians build a better financial futureCoast Capital, the country’s largest federal financial cooperative, with nearly 600,000 members, is helping Canadians get a leg up with its new Elevate Chequing Account which could help you advance your career and potentially get paid more. Forget everything you think you know about a chequing account, because Coast Capital is rewriting the rules and redefining what it means to have a long-term relationship with its members.

Building better financial futures

Sure, you get all the premium banking features you’d expect, including free Interac e-Transfers, more included ATM transactions, credit card rebates and online ID theft monitoring, but the Elevate Chequing Account also comes with access to Coursera’s global online learning platform for free. (Limitations apply. Visit coastcapitalsavings.com/elevate to learn more.) Valued at $538 per year, this benefit gives individuals and entrepreneurs the opportunity to learn in-demand skills and earn industry micro-credentials to help boost their earning potential…

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How to build credit history in CanadaIn Canada, a credit history is a person’s track record of using credit (borrowing money) and repaying debt. Your credit history can affect many aspects of your financial life—from getting approved for a credit card or renting an apartment to taking out a mortgage or a car loan, among other things. In some instances, even potential employers may check your credit report (a summary of your credit history).

If you’re a newcomer to Canada, a recent graduate, a student or a young adult, your credit score—a number calculated based on your credit history—is likely low or non-existent, meaning that you don’t have enough credit activity to even determine a score. One of the most beneficial things you can do for your financial health is to learn how to build your credit history in Canada.

Featured CREDIT CARDS

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Balance transfer credit card

An ideal option for cardholders looking to consolidate and manage debt, the card has a 0% balance transfer offer for 12 months (with 3% transfer fee)…

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