MoneySense
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MoneySense is a digital magazine and financial media website. Journalists and qualified financial professionals produce the content. MoneySense's goal is to provide the most relevant and up-to-date information possible. The magazine is helping Canadians learn about personal finance and make better financial decisions.
MoneySense
3h ago
Earth Day is April 22—what better time to embrace more eco-friendly products and practices? We surveyed our editors to gather their tips for saving money and saving the planet at the same time. Read about our dirt-cheap cleaning products, fuzzy slippers, homemade bottled water and more.
Clean with cheaper, greener cleaning products
I’m a die-hard fan of Tru Earth laundry strips, which are detergent without the liquid and the bulky plastic bottle. They’re really easy to use—just tear off a strip and toss it into the washing machine as it fills up. Tru Earth sells three package sizes. I o ..read more
MoneySense
22h ago
The federal budget is being met with disdain from Canada’s innovation industry, including tech darling Shopify, which called the capital gains measures in the fiscal plan a potential cause of “irreparable harm.”
What the capital gains tax change means to the tech industry
The sector is disappointed that the Liberal government’s budget tabled Tuesday, April 16, includes a proposed increase to the proportion of capital gain earnings on which businesses pay income tax, to two-thirds from one half. The hike would also be applied to individuals for capital gains earnings above $250,000 in a year.
I ..read more
MoneySense
2d ago
The federal government touted Budget 2024 as providing “fairness for every generation” of Canadians. There are plenty of tax changes, especially for higher income earners, as well as incentives for renters and first-time home buyers. Here is what you need to know.
The new capital gains inclusion rate
There has been speculation in recent years about an increase in the capital gains inclusion rate. Currently, one-half of a capital gain is taxable, a so-called 50% inclusion rate. Budget 2024 finally introduced an increase but only for certain capital gains.
Capital gains realized ..read more
MoneySense
2d ago
Compare your card options
Our credit card comparison tool helps you compare your options instantly—and find the perfect match.
You can sort results based on current welcome offers and gift card bonuses, annual fees, and the estimated rewards value earned annually. Or for further customization, input your annual income, approximate credit score, and place of residence to find credit cards that match your profile.
Advertisement ..read more
MoneySense
2d ago
Young Canadians aged 18 to 34 report that, despite being raised in the digital era—where smartphones were toys before they could even talk—they are now the target of online fraudsters. And, nearly one-third of have taken the bait.
With 41% of scams happening on dating and social apps, why are social-media-savvy Canadians falling victim to them? We’re looking at the top six phishing scams aimed at young Canadians and sharing expert advice from cybersecurity experts on how not to fall for them.
It pays to know! Get FREE MoneySense financial tips, news & advice in your inbox. Subs ..read more
MoneySense
3d ago
Buying a home in Canada isn’t for the faint of heart—or light of wallet. Home prices have steadily trended higher over the past decade, coming to a national average of $698,520 in March 2024. That’s a 75% increase compared to January 2014, and it marks a whopping dollar difference of $398,119, according to the Canadian Real Estate Association (CREA). How much money do Canadians need to earn, on average, to afford a house?
Affordability conditions aren’t likely to improve anytime soon, despite the optimism that mortgage rates will stabilize; a monthly study conducted by Ratehub.ca reveals it ha ..read more
MoneySense
4d ago
Looking for a break on car insurance premiums is often top of mind for drivers. And finding ways to reduce that figure is especially important now, when rampant thefts have led to higher insurance costs.
How to lower the cost of auto insurance and prevent car theft
Experts say installing a tracking device and parking in a garage are among the actions that could help lower insurance costs.
Generally, a whole host of factors determine insurance premiums—driving history, type of vehicle and location, among others, said Matt Hands, vice-president of insurance at rate comparison website Ratehu ..read more
MoneySense
1w ago
Metro Vancouver is part of British Columbia’s Lower Mainland and consists of North Shore, Coquitlam, Port Coquitlam, Port Moody, Burnaby, New Westminster, Richmond, Pitt Meadows, Maple Ridge and other municipalities. More than 2.5 million people call Metro Vancouver home, and many projections suggest the population will exceed the three-million mark this year.
Table of contents: Best places to buy in Metro Vancouver (tap to open)
Best places to buy in North Shore (North Vancouver and West Vancouver)
Best places to buy in the Tri-Cities (Coquitlam, Port Coquitlam and Port Moody)
Best places ..read more
MoneySense
1w ago
On this page, you’ll find data on all the neighbourhoods (east to west) analyzed by Zoocasa, across the 13 regions included in the 2024 Where to Buy Real Estate report. To view all the data in the tables, slide the columns right or left using your fingers or mouse. You can download the data to your device in Excel, CSV and PDF formats.
For more information on real estate trends and the top neighbourhoods in each region, as well as insights on the top-ranked regions nationally, return to the national page or select a region from the drop down menu.
More from Where to Buy Real Estate
Top neigh ..read more
MoneySense
1w ago
The Greater Toronto Area real estate market, consisting of the regional municipalities of Peel, York and Durham, was notably subdued in 2023 as a result of high borrowing costs. The composite benchmark price of a home in Greater Toronto was $1,070,600 in January 2023, and it peaked at $1,171,300 in June, according to the Canadian Real Estate Association. However, the benchmark price was negatively impacted by the Bank of Canada’s rate hike in July 2023—which brought the benchmark rate up to 5%—and by December, it was $1,067,200, down 0.3% from the beginning of the year. Below, we look at the ..read more