MoneySense
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MoneySense
@moneysense.bsky.social
MoneySense helps Canadians make better financial decisions, at every age and stage.
Anxious about the cost of having in Canada? Don’t get discouraged, experts say. Here’s how much raising children costs, and how to manage expenses.
Raising kids is expensive—here’s how to keep costs manageable - MoneySense
Anxious about the cost of having kids in Canada? Don’t get discouraged, experts say. Here’s how much raising children costs, and how to manage expenses.
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April 30, 2025 at 3:44 PM
Maxing out employer contributions is an easy way to boost your #retirement savings. Here’s how to do it without exceeding your #RRSP room. #itpaystoknow www.moneysense.ca/columns/ask-...
How to avoid RRSP overcontributions when you have a deferred profit sharing plan - MoneySense
Maxing out employer contributions is an easy way to boost your retirement savings. Here’s how to do it without exceeding your RRSP room.
www.moneysense.ca
April 30, 2025 at 3:41 PM
Yes, your estate will pay a high rate of tax on your RRIF when you die. But it usually pays to keep the account intact and benefit from tax-free compounding if you can.
Should I draw down my RRIF to avoid estate taxes? - MoneySense
Yes, your estate will pay a high rate of tax on your RRIF when you die. But it usually pays to keep the account intact and benefit from tax-free compounding if you can. Yes, your estate will pay a hig...
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April 24, 2025 at 7:14 PM
If you carry a credit card balance in Canada, use our calculator to see how much you owe and how long it will take you to pay off the debt.
Credit card interest calculator - MoneySense
If you carry a credit card balance in Canada, use our calculator to see how much you owe and how long it will take you to pay off the debt.
www.moneysense.ca
April 24, 2025 at 7:12 PM
Some Canadian seniors enter retirement without savings or run out of money over time. Here’s how they can stay afloat financially.
What to do if you outlive your retirement savings in Canada - MoneySense
Some Canadian seniors enter retirement without savings or run out of money over time. Here’s how they can stay afloat financially.
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April 24, 2025 at 7:09 PM
How Tesla and other companies are dealing with the uncertainty of the trade war.
How companies are dealing with tariffs - MoneySense
How Tesla and other companies are dealing with the uncertainty of the trade war.
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April 24, 2025 at 7:07 PM
Earth Day is on April 22. Here’s how to invest sustainably, and other ways to help the planet. #EarthDay2025
Earth Day: How you can invest in our planet - MoneySense
Earth Day is on April 22. Here’s how to invest sustainably, and other ways to help the planet.
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April 22, 2025 at 6:47 PM
Canadian depository receipts are one of the fastest-growing investment products in Canada. Here’s what to consider before investing in CDRs. #investing #itpaystoknow www.moneysense.ca/save/investi...
How to invest in CDRs in Canada - MoneySense
Canadian depository receipts are one of the fastest-growing investment products in Canada. Here’s what to consider before investing in CDRs.
www.moneysense.ca
April 22, 2025 at 6:43 PM
Wait—New York Fries isn’t American?
From New York Fries to Boston Pizza—the brands you didn’t know were Canadian - MoneySense
Boston Pizza, New York Fries and others are Canadian, eh? The tariff war tests Canadian companies with U.S. names.
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April 17, 2025 at 5:44 PM
Find out the many benefits of continuing education in Canada, and how to find the right training for your career and financial goals. #careers #training #itpaystoknow
Why you should upgrade your skills—even if you’re established in your career - MoneySense
Find out the many benefits of continuing education in Canada, and how to find the right training for your career and financial goals.
www.moneysense.ca
April 17, 2025 at 5:35 PM
Once you start RRIFing, how do you make sure you have enough cash, and should you dial down risk?
How to make sure you have enough money to fund your RRIF withdrawals - MoneySense
Once you start RRIFing, how do you make sure you have enough cash, and should you dial down risk?
www.moneysense.ca
April 17, 2025 at 5:32 PM
Looking for vacation destinations where the Canadian dollar goes farther? This South American country offers 4-star and 5-star hotels under CAD$100 per night, says travel writer Tammy Burns. Plus, you can add glaciers, waterfalls and wine tours to your itinerary. www.moneysense.ca/spend/shoppi...
5 inexpensive travel destinations while the Canadian dollar is weak - MoneySense
If you’re hunting for affordable vacation spots this season, here’s where to go when the loonie is low.
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April 17, 2025 at 5:26 PM
In yesterday's rate decision, the Bank of Canada noted it is proceeding with caution. Read how its rate hold will impact you, whether you’re a borrower, investor or saver. www.moneysense.ca/spend/real-e...
Making sense of the Bank of Canada interest rate decision on April 16, 2025 - MoneySense
The BoC noted it is proceeding with caution. Read how its rate hold will impact you, whether you’re a borrower, investor or saver.
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April 17, 2025 at 5:24 PM
Canada’s Consumer Price Index fell in March amid the start of a tariff war with the U.S., the end of a temporary tax holiday and other factors.
www.moneysense.ca/news/canada-...
How Canada’s inflation rate is affecting your finances - MoneySense
Canada’s Consumer Price Index fell in March amid the start of a tariff war with the U.S., the end of a temporary tax holiday and other factors.
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April 15, 2025 at 8:26 PM
There are several personal, trust and corporate income-tax-filing extensions for Canadians this year. Which ones apply to you?
2024 tax-filing extensions: What you need to know - MoneySense
There are several personal, trust and corporate income-tax-filing extensions for Canadians this year. Which ones apply to you?
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April 15, 2025 at 2:56 PM
Where do the federal parties stand on inflation? While Canadians will be pleased that inflation dipped to 2.3% in March, Canada’s cost of living remains a big concern heading into the election on April 28. #election #inflation #itpaystoknow
How the federal election affects your finances - MoneySense
Here’s how proposals from the NDP, Liberals, Conservatives and Green Party could affect your cash flow—and maybe help decide your vote. Get updates here.
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April 15, 2025 at 2:53 PM
Frequent travellers love a good travel credit card. Find out about Porter’s new suite of BMO cards, and see how they compare to other travel cards. #travel #creditcards #VIPorter #itpaystoknow www.moneysense.ca/spend/credit...
Do you need one of Porter Airlines’ new BMO credit cards? - MoneySense
Frequent travellers love a good travel credit card. Find out about Porter’s new suite of BMO cards, and see how they compare to other travel cards.
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April 14, 2025 at 2:46 PM
If you’re hunting for affordable vacation spots this season, here’s where to go when the loonie is low.
5 inexpensive travel destinations while the Canadian dollar is weak - MoneySense
If you’re hunting for affordable vacation spots this season, here’s where to go when the loonie is low.
www.moneysense.ca
April 10, 2025 at 8:09 PM
While banks have student offers that are worth considering, a number of smaller, online-only financial institutions also cater to students’ banking needs. #itpaystoknow #banking #students
The best student bank accounts in Canada - MoneySense
Students have a wide selection of banking options, from student offers at major banks to no-fee accounts with online banks. Find the best one for you.
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April 10, 2025 at 8:02 PM
Boston Pizza, New York Fries and others are Canadian, eh? The tariff war tests Canadian companies with U.S. names.
Is New York Fries American?—the restaurant brands you didn't know were Canadian - MoneySense
Boston Pizza, New York Fries and others are Canadian, eh? The tariff war tests Canadian companies with U.S. names.
www.moneysense.ca
April 10, 2025 at 8:00 PM
Canadians must begin taking #RRIF withdrawals the year after converting an #RRSP. What happens if you convert only part of an RRSP, and which withdrawal strategy may be the most tax-efficient? #itpaystoknow #AskMoneySense www.moneysense.ca/columns/ask-...
How RRIF withdrawals work when you have multiple registered accounts - MoneySense
Canadians must begin taking RRIF withdrawals the year after converting an RRSP. What happens if you convert only part of an RRSP, and which withdrawal strategy may be the most tax-efficient?
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April 4, 2025 at 7:10 PM
Last month, the federal government cancelled the proposed hike to the capital gains inclusion rate. Here's how to calculate your capital gains tax rate under the existing rules. #capitalgains #taxes #itpaystoknow www.moneysense.ca/save/taxes/c...
Capital gains tax in Canada, explained
Learn how capital gains are taxed and how to avoid paying more taxes than necessary when selling your assets.
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April 4, 2025 at 7:05 PM
Is your salary enough to buy a home in these Canadian cities? Here’s how much you needed to earn to qualify for a mortgage in February 2025, compared to January. www.moneysense.ca/spend/real-e...
Why are mortgages so expensive in Canada? - MoneySense
Is your salary enough to buy a home in these Canadian cities? Here’s how much you needed to earn to qualify for a mortgage in February 2025, compared to January.
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April 4, 2025 at 7:05 PM
Marriott Bonvoy members can enter exclusive giveaways and redeem points for experiences. Here’s how Canadian fans can see Beyoncé’s tour in 2025. #beyonce #cowboycartertour www.moneysense.ca/news/marriot...
Marriott Bonvoy offers Beyoncé fans exclusive perks for Cowboy Carter Tour - MoneySense
Marriott Bonvoy members can enter exclusive giveaways and redeem points for experiences. Here’s how Canadian fans can see Beyoncé’s tour in 2025.
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April 3, 2025 at 4:02 PM
Can you retroactively change the valuation of a rental property before selling it to reduce capital gains tax in Canada?
Revising the fair market value of a property for tax purposes - MoneySense
Can you retroactively change the valuation of a rental property before selling it to reduce capital gains tax in Canada?
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April 3, 2025 at 4:00 PM