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

Raising a family can be costly. But tax season may offer relief to some parents, as credits and deductions can reduce their overall tax bill. The key is to file your taxes before the April 30 deadline, experts say, or risk missing out.The tax-filing season for 2025 launched last week, and income tax returns help determine the benefits and tax breaks parents can get for their children.  

Claiming child care expenses

One such tax break could come from claiming child care expenses. “This benefit is very significant for them, if they’re trying to deal with the costs of daycare and camp and everything,” said Sean Grant-Young, national director of tax for Baker Tilly Canada. The deduction allows parents to claim expenses on daycare, nannies, day camps and other child care services that are necessary for both spouses to work or run their business, he said. It can’t be claimed for specialized lessons, such as hockey camps.

Chartered professional accountant Stefanie Ricchio said the real caveat for an activity to qualify as a child care expense is that a child attends a program so the parents can go to their jobs and earn…

Here’s a round-up of news for Canadian investors this week.

Canadian Natural Resources

Pet Valu

George Weston

Canada Packers

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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…