How to hang out with friends when you can’t afford to go out + MORE Oct 8th

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Best high-interest savings account rates in Canada

Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest rate is a no-brainer…

On October 15, 2024, eligible Canadians will receive the Canada Carbon Rebate (CCR), the fourth such rebate of the year. The CCR (formerly known as the climate action incentive payment) will be distributed to residents of eight provinces—Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador—through direct deposit to a bank account or via a cheque in the mail. To receive the CCR, you must have filed your income tax returns for the previous year.

The Canada Carbon Rebate is a tax-free payment, created to help Canadian households offset the cost of federal pollution pricing at gas pumps. According to the Canadian government, eight in 10 families will get back more than they pay into the carbon pollution pricing system. The amount you receive depends on where you live and the size of your family—more details below.

When is the Canada Carbon Rebate paid out?

The Canada Carbon Rebate is distributed four times per year:

January 15

April 15

July 15

October 15

If the 15th happens to fall on a weekend or statutory holiday, payments will go out on the last business day before the 15th…

Hayley Reid-Ginis knew her life was in for a shakeup when she decided to go back to college last September. She took on a student loan and had to cut some discretionary spending from her tightened budget—and even though she decided to continue working while going to school, it ultimately meant fewer nights out with friends.

Prioritizing debt over discretionary spending

“I had to really be mindful with money and it was the first time that I had loans,” said the 28-year-old. “What I find challenging is, at my age, a lot of my friends are already established in their careers, so they’re not living on a student budget,” Reid-Ginis said. “I find that I often have to explain or, like, remind them of what it’s like to be living on so little money.”

Tough choices for students in Canada—how to talk about not having the money

As many Canadians continue to feel the pressure on their budget from the high cost of living, they’re having to make tough choices in how they spend their money…