How cash ETFs keep your money working + MORE Nov 26th

There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.

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The best high-interest savings accounts in Canada for 2026 + MORE Mar 11th

Savings comparison tool Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance. Advertisement Why trust us MoneySense is an.... More »

Best fixed-income ETFs for Canadian investors 2026 + MORE Apr 29th

With the downturn in stock markets in 2026, many investors are grudgingly coming around to the realization that they need exposure to other asset classes in their portfolios. And the most readily available is bonds, which have the advantage, historically, of being negatively correlated to stocks. Th.... More »

Can you put an inheritance into a joint account? + MORE Jul 1st

An inheritance can raise questions about taxes, family law, and how to manage the money. This article focuses on the income tax considerations for married and common-law couples who invest inherited funds. Taxation of an inheritance First off, the receipt of an inheritance is generally not tax.... More »

Students protest cuts to amount of OSAP grants they can receive + MORE Mar 4th

The current proportion of OSAP funding is about 85 per cent grants to 15 per cent loans, but starting this fall students will receive a maximum of 25 per cent of their OSAP funding as grants..... More »

So you fell short of your financial goals in 2025—here’s how to do better + MORE Dec 31st

Did you fall behind on your financial goals for 2025? If so, you’re not alone. According to a survey by online estate planning platform Willful, 58% of Canadians reported postponing financial tasks they’d earmarked for the year, such as paying down debt, contributing to registered savings and in.... More »

What is the CRA’s Voluntary Disclosures Program?

– moneysense.ca

The Canada Revenue Agency (CRA) has had a program for many years for taxpayers to fix errors or omissions made on previous tax returns. The Voluntary Disclosures Program (VDP) grants relief from penalties, interest, and most importantly, criminal prosecution, albeit on a case-by-case basis.

Tax owing still applies but “to be fair to all, the CRA grants a higher level of relief to those who are correcting an error before being contacted than those who are correcting errors after being prompted by communications from the CRA or any other authority of administration.”

How to quality for the VDP

There are five primary conditions for the VDP. The disclosure must:

Be voluntary

Include information that relates to a tax year/reporting period that is at least one year/reporting period past the due date

Involve the application of a penalty or interest

Include all known errors or omissions

Include a payment or a request for a payment arrangement

Recent changes to the VDP

New guidelines began on October 1, 2025 that impact disclosures related to income tax, sales tax, withholding tax, excise duties, and several other taxes…

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How cash ETFs keep your money working

– moneysense.ca

It’s a dilemma for many investors: you want to have cash set aside to hop on investment opportunities that might arise, but you also don’t want the money sitting in your portfolio not collecting any return. Enter cash exchange-traded funds. Experts say there is increasing demand for cash ETFs among investors old and young as they offer the flexibility of having liquid assets coupled with the benefit of a modest return.

Chris Merrick, founder and owner of Merrick Financial, said there are a few different kinds of cash ETFs, but many work by essentially taking positions in high-interest savings accounts at large banks. Others invest in low-risk debt securities like bonds, known as money market ETFs. He highlighted that cash ETFs provide the ability to preserve capital while offering liquidity, unlike guaranteed investment certificates, which lock in the money for a specified period of time. “The liquidity is good. You get the interest income, which is better than a bank savings account…

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