Top financial innovations of the last 25 years + MORE Feb 27th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
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Best online banks and credit unions in Canada for 2024 + MORE Mar 20th

Where can you get the best digital banking experience in Canada? We set out to find out in this inaugural review of the best online banks and credit unions in Canada. To come up with the ranking, MoneySense partnered with Surviscor, a leading Canadian research and consulting firm specializing in fin.... More »

The best credit cards in Canada for 2024 Feb 29th

Spend The best credit cards in Canada for 2024 Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport access, we can help. Compare now powered by Why trust us .... More »
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TFSA contribution room calculator + MORE Apr 8th

Find out your current tax-free savings account (TFSA) contribution limit by using this calculator. powered by Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like e.... More »

Making sense of the markets this week: March 24, 2024 Mar 22nd

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Lower inflation clears runway for rate cuts Canadians dreading their spring and summer mortgage renewals got some good n.... More »
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Reddit is preparing to sell shares to the public Mar 13th

Reddit, that vast, lively and sometimes chaotic repository of internet discussion, projected Monday a price for its initial public offering (IPO) stock that values the 18-year-old social media platform at up to $6.4 billion. The offering also makes Reddit one of the first online companies to offe.... More »
Every year, MoneySense partners with Zoocasa, a consumer real estate search platform, to identify the best places to buy real estate in Canada. By revisiting the data annually, some clear trends have emerged. For example, Toronto and Vancouver have ranked near the bottom in recent years, while some smaller markets have consistently ranked well. In this video, MoneySense senior editor Justin Dallaire joins The Wealthy Life with Sybil Verch to discuss the research behind the rankings and what has driven Canadian real estate prices so high.

The best places to buy real estate in Canada
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You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.

Watch more MoneySense videos:

How to choose ETFs, for Canadian investors

How the Bank of Canada’s interest rate affects you

What is mortgage affordability?

What Is the First-Time Home Buyer Incentive?

The post Video: Where should you buy real estate? appeared first on MoneySense.

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You know that feeling of being so engaged in a book or so focused on your bike ride that everything else vanishes and time just flies by? Psychologists call that a “flow state.” Mihaly Csikszentmihalyi, a highly respected figure in psychology, was renowned for his research on happiness and creativity, and he coined the concept of “flow.” Flow is a deeply satisfying state that immerses us entirely in the moment, allowing for creativity, productivity and happiness. It can help us add more richness to our lives. And it can impact our finances, too.

How much should you spend on well-being?

The answer to how much you should spend on well-being really comes down to… it depends. Yes, this might sound like a cop-out; however, like many areas of our financial lives, we must consider various factors. With that in mind, let’s start with a simple rule-of-thumb budgeting strategy called the 50/20/30.

The 50/20/30 budget rule is a straightforward and effective method for managing our finances…

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Welcome to CB’s personal-finance advice column, Make It Make Sense, where each month experts answer reader questions on complex investment and personal-finance topics and break them down in terms we can all understand. This month, Zoe Wolpert, a chartered investment manager and senior advisor at money-management platform Wealthsimple, tackles tax strategies to improve your long-term investments. Have a question about your finances? Send it to editor@canadianbusiness.com.

Q: Aside from remembering to maximize my RRSP contributions before the end of February, what other tax strategies can I be taking advantage of to improve my long-term investment performance?

While talking about taxes can feel about as fun as doing seven loads of laundry on a Friday night, it’s worth it. Tax strategies can be very important, especially as your income increases. With just a few smart tactics, you could keep thousands of extra dollars a year in your own pocket. Or better yet, invested…

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Top financial innovations of the last 25 years

To mark MoneySense’s 25th anniversary, we dove into the top innovations that have changed personal finance since this magazine was founded in 1999. From new registered accounts and investment products to online services and developments in artificial intelligence, these are some of the biggest—the ones we can hardly imagine living without today.

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1. 1999: The Canada Revenue Agency—then called the Canada Customs and Revenue Agency—introduced Netfile, enabling Canadians to file their tax returns electronically. In its first year, only 530 Canadians filed using this service. But in 2023, nearly 10.5 million Canadians used Netfile for their 2022 tax return.

2. 1999: Kanetix became Canada’s first comparison site for personal finance products, with an initial focus on insurance quotes. It acquired Rates.ca in 2015, and later took on the name Ratesdotca. Kanetix paved the way for comparison sites like Ratehub…

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