How to go about securing the best return for your investment in Canada.
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The best GIC rates in Canada for 2026 May 19th
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 m.... More »
How to make your first million in five steps (no, you don’t need to own real estate) + MORE Apr 4th
This is one of the most-asked questions I get, and here’s the step-by-step answer, Lesley-Anne Scorgie writes..... More »
Are investment fees tax deductible? + MORE Aug 23rd
Q: I pay a few thousand dollars in monthly fees to the various RRSP funds that I have—all with one institution and at a preferred rate. Since these fees are to earn money, are they an allowable tax deduction?
—Jerry
A: Fees paid to a financial institution may be tax deductible, Jerry. It depe.... More »
Thinking of buying a waterfront cottage? 2023 might be your year, report says - CP24 Mar 28th
Thinking of buying a waterfront cottage? 2023 might be your year, report says CP24Posthaste: Cottage real estate rush slows to a 'standstill' as remote-living honeymoon ends Yahoo Canada FinanceRecreation property prices are starting to ease post-pandemic CP24Will re.... More »
More than 100 First Nations could purchase the Trans Mountain expansion pipeline Jan 15th
Indigenous leaders will debate this week which financial model is ideal if they are able to purchase the Trans Mountain expansion pipeline project..... More »
Why everyone feels like they’re in the middle class
– moneysense.ca
Most Canadians think of themselves as middle class. In fact, the term is so elastic that politicians know they have just about everybody’s ear when they talk about “middle class” goals and aspirations. We think they are talking to us, whether it’s about wage increases, debt, taxes, or savings vehicles to help us save for our kids’ post-secondary education.How do we define the middle class? Depends on who you talk to. Bank of Canada governor Stephen Poloz last year said the term applies to those people who hold most of their wealth in the equity of their homes. Meanwhile, Prime Minister Justin Trudeau described the typical middle-class Canadian family as one with $90,000 in household income.
According to Nora Spinks, chief executive officer of The Vanier Institute of the Family in Ottawa, it’s misleading to simply look at the middle class as an income bracket. “Whether you think you’re middle class really depends on where you come from and what you aspire to be.”
So who are these middle-class Canadians and what defines them, besides income level? Is it the fact that they have children? A good education? A good job? Or something else? For many it is all about total wealth, not just income…
Major shareholder in The Bay pushes company to sell off real estate, consider going private
– cbc.ca
A minority shareholder in Hudson’s Bay Company says the company should consider selling its real estate holdings or consider a privatization by management.
