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MoneySense

@moneysense.bsky.social
120 followers 20 following 142 posts

MoneySense helps Canadians make better financial decisions, at every age and stage.

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MoneySense @moneysense.bsky.social · 30/04/2025
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.
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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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MoneySense @moneysense.bsky.social · 30/04/2025
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-...
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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.
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MoneySense @moneysense.bsky.social · 24/04/2025
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.
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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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MoneySense @moneysense.bsky.social · 24/04/2025
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.
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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.
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MoneySense @moneysense.bsky.social · 24/04/2025
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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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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MoneySense @moneysense.bsky.social · 24/04/2025
How Tesla and other companies are dealing with the uncertainty of the trade war.
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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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MoneySense @moneysense.bsky.social · 22/04/2025
Earth Day is on April 22. Here’s how to invest sustainably, and other ways to help the planet. #EarthDay2025
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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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MoneySense @moneysense.bsky.social · 22/04/2025
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...
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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.
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MoneySense @moneysense.bsky.social · 17/04/2025
Wait—New York Fries isn’t American?
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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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MoneySense @moneysense.bsky.social · 17/04/2025
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
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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.
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MoneySense @moneysense.bsky.social · 17/04/2025
Once you start RRIFing, how do you make sure you have enough cash, and should you dial down risk?
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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?
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MoneySense @moneysense.bsky.social · 17/04/2025
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...
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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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MoneySense @moneysense.bsky.social · 17/04/2025
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...
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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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MoneySense @moneysense.bsky.social · 15/04/2025
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-...
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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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MoneySense @moneysense.bsky.social · 15/04/2025
There are several personal, trust and corporate income-tax-filing extensions for Canadians this year. Which ones apply to you?
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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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MoneySense @moneysense.bsky.social · 15/04/2025
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
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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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MoneySense @moneysense.bsky.social · 14/04/2025
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...
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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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MoneySense @moneysense.bsky.social · 10/04/2025
If you’re hunting for affordable vacation spots this season, here’s where to go when the loonie is low.
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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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MoneySense @moneysense.bsky.social · 10/04/2025
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
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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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MoneySense @moneysense.bsky.social · 10/04/2025
Boston Pizza, New York Fries and others are Canadian, eh? The tariff war tests Canadian companies with U.S. names.
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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.
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MoneySense @moneysense.bsky.social · 04/04/2025
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-...
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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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MoneySense @moneysense.bsky.social · 04/04/2025
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...
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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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MoneySense @moneysense.bsky.social · 04/04/2025
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...
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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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MoneySense @moneysense.bsky.social · 03/04/2025
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...
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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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MoneySense @moneysense.bsky.social · 03/04/2025
Can you retroactively change the valuation of a rental property before selling it to reduce capital gains tax in Canada?
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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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MoneySense @moneysense.bsky.social · 03/04/2025
In this excerpt from her new book, Making Bank, Shannon Lee Simmons guides young Canadians (and their parents) through important money conversations. www.moneysense.ca/financial-li...
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Is investing gambling?—and other real-life money lessons for teens - MoneySense
In this excerpt from her new book, Making Bank, Shannon Lee Simmons guides young Canadians (and their parents) through important money conversations.
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MoneySense @moneysense.bsky.social · 28/03/2025
The federal government is eliminating carbon pricing for consumers. But Canadians won’t see immediate savings on all products.
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How soon will Canadians save from the carbon tax’s demise? Depends what you’re buying - MoneySense
The federal government is eliminating carbon pricing for consumers. But Canadians won’t see immediate savings on all products.
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MoneySense @moneysense.bsky.social · 27/03/2025
In our latest My MoneySense column, Dilys D'Cruz, the senior vice president of retail and wealth at Meridian Credit Union, shares the importance of budgeting and investing in your company’s pension plan, if you have one.
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“What a dumb mistake that was”: Dilys D’Cruz on money lessons and “painless saving” - MoneySense
The senior vice president of retail and wealth at Meridian shares the importance of budgeting and investing in your company’s pension plan, if you have one.
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MoneySense @moneysense.bsky.social · 27/03/2025
Are unpredictable markets stressing you out? Two investing experts weigh in on how young Canadians can deal with the volatility.
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How young investors can respond to stock market volatility - MoneySense
Are unpredictable markets stressing you out? Two investing experts weigh in on how young Canadians can deal with the volatility.
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MoneySense @moneysense.bsky.social · 27/03/2025
Quebec's BRP swung to a loss last quarter amid ongoing tariff uncertainty and a pullback on consumer spending. #stocks #earnings #tariffs #itpaystoknow
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Ski-Doo maker BRP reports Q4 earnings, delays financial forecast - MoneySense
The Quebec-based recreational vehicles company swung to a loss last quarter amid ongoing tariff uncertainty and a pullback on spending from consumers.
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MoneySense @moneysense.bsky.social · 27/03/2025
Receiving Canada Pension Plan and/or Old Age Security? You should now have your March payments. #CPP #OAS #pensions
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CPP payment dates in 2025, and more to know about the Canada Pension Plan - MoneySense
Here’s how Canada’s retirement pension plan works, who’s eligible for CPP, when you can start receiving CPP, and CPP payment dates for 2025.
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MoneySense @moneysense.bsky.social · 27/03/2025
On the heels of a pandemic boom, the recreational real estate market has slowed. But property prices are still expected to climb, according to a new report. #vacationhome #realestate #itpaystoknow www.moneysense.ca/spend/real-e...
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Why vacation home prices are rising in Canada—despite a market slowdown - MoneySense
On the heels of a pandemic boom, the recreational real estate market has slowed. But property prices are still expected to climb, according to a new report.
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MoneySense @moneysense.bsky.social · 26/03/2025
Go the distance with the attractive and energy-efficient Ioniq 6. See what’s new in this award-winning EV for 2025.
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Hyundai Ioniq 6 Preferred Long-Range AWD: The best affordable EV in Canada for long-range driving - MoneySense
Go the distance with the attractive and energy-efficient Ioniq 6. See what’s new in this award-winning EV for 2025.
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MoneySense @moneysense.bsky.social · 25/03/2025
You can ease the financial pain of a costly move by deducting those expenses from your employment, self-employment or school award earnings. #moving #taxes #itpaystoknow
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Moving? Don’t miss these lucrative tax deductions on your moving expenses - MoneySense
You can ease the financial pain of a costly move by deducting those expenses from your employment, self-employment or school award earnings. You can ease the financial pain of a costly move by deducti...
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MoneySense @moneysense.bsky.social · 25/03/2025
Canadian shoppers and brands are going “elbows up” to promote and support home-grown products. Here’s a sampling of what’s going on across the country. #tariffs #elbowsup #itpaystoknow
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How Canadians are responding to tariff threats and price hikes - MoneySense
Canadian shoppers and brands are going “elbows up” to promote and support home-grown products. Here’s a sampling of what’s going on across the country.
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MoneySense @moneysense.bsky.social · 24/03/2025
Broad bond index ETFs haven’t always been there for investors in the past. Here’s a safer alternative if you’re looking for ballast for your portfolio. #bonds #ETFs #itpaystoknow
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Is your bond ETF actually a safe investment? Here's how to check - MoneySense
Broad bond index ETFs haven’t always been there for investors in the past. Here’s a safer alternative if you’re looking for ballast for your portfolio.
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MoneySense @moneysense.bsky.social · 21/03/2025
New home for Shopify stocks, what Google’s acquisition of Wiz means and more. Here are the details for Canadian investors. #investing #itpaystoknow
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Stock market news for investors: Shopify’s new exchange, Google’s acquisition, Nvidia’s launches and OTPP’s performance - MoneySense
New home for Shopify stocks, what Google’s acquisition of Wiz means and more. Here are the details for Canadian investors.
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MoneySense @moneysense.bsky.social · 21/03/2025
Here are the considerations before becoming a power of attorney for property and what to do if you’re unable to fill the role, including hiring someone. www.moneysense.ca/save/financi...
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Can you hire someone to be power of attorney for property in Canada? - MoneySense
Here are the considerations before becoming a power of attorney for property and what to do if you’re unable to fill the role, including hiring someone.
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MoneySense @moneysense.bsky.social · 20/03/2025
New rules limit how much Canada’s banks can charge if you don’t have enough funds in your personal account to cover cheques and pre-authorized debits.
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Bank fees for non-sufficient funds will be capped at $10—but not until next March - MoneySense
New rules limit how much Canada’s banks can charge if you don’t have enough funds in your personal account to cover cheques and pre-authorized debits.
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MoneySense @moneysense.bsky.social · 20/03/2025
The Quebec-based owner of Circle K stores remains committed to acquiring the Japanese operator of the 7-Eleven chain despite recent pushback.
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Couche-Tard reports Q3 earnings, still pursuing deal with 7-Eleven operator - MoneySense
The Quebec-based owner of Circle K stores remains committed to acquiring the Japanese operator of the 7-Eleven chain despite recent pushback.
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MoneySense @moneysense.bsky.social · 20/03/2025
Aeroplan is Canada’s largest airline loyalty program—and one of its most lucrative. You can redeem Aeroplan points with more than 50 partner airlines and even transfer points to other programs.
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The best Aeroplan credit cards in Canada for 2025 - MoneySense
Want to earn versatile travel points at a fast rate? Aeroplan credit cards are a great place to start.
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MoneySense @moneysense.bsky.social · 20/03/2025
Canada Child Benefit payments go out today. Learn more about this non-taxable monthly payment.
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CCB payment dates in 2025, and more to know about the Canada Child Benefit - MoneySense
Parents, here are the CCB payment dates for 2025, along with how much you can expect to receive each month.
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MoneySense @moneysense.bsky.social · 20/03/2025
Bitcoin’s price plummets—should you “buy the dip”? Plus, Canada’s first levered bitcoin and ethereum ETFs are here. Read more in Aditya Nain's latest Canadian Crypto Observer column.
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Has the bitcoin bubble burst? - MoneySense
Bitcoin’s price plummets—should you “buy the dip”? Plus, Canada’s first levered bitcoin and ethereum ETFs are here.
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MoneySense @moneysense.bsky.social · 18/03/2025
Economists say the Bank of Canada will be in a tough spot at its next decision in April as inflation showed signs of heating up in February.
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Inflation’s surprise jump could push Bank of Canada to pause rate cuts - MoneySense
Economists say the Bank of Canada will be in a tough spot at its next decision in April as inflation showed signs of heating up in February.
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MoneySense @moneysense.bsky.social · 14/03/2025
Today, on his first day as Canada’s prime minister, Mark Carney terminated the consumer carbon tax. The final payments will be sent to recipients in April. Bookmark this page for updates. www.moneysense.ca/save/budgeti...
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What is the Canada Carbon Rebate? - MoneySense
Learn about Canada’s carbon tax, launched in 2019 and ended in 2025.
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MoneySense @moneysense.bsky.social · 14/03/2025
You can still plan an unforgettable, low-cost family vacation with these savvy strategies.
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Affordable family vacations:​ How to travel when the Canadian dollar is weak - MoneySense
You can still plan an unforgettable, low-cost family vacation with these savvy strategies.
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MoneySense @moneysense.bsky.social · 14/03/2025
Here are two ways to manage the effects of tariffs in Canada, plus three statements to prepare to ensure you’ll be OK.
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Worried about tariffs and their effects? Look at your taxes - MoneySense
Here are two ways to manage the effects of tariffs in Canada, plus three statements to prepare to ensure you’ll be OK.
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Reposted by MoneySense
Wendy Helfenbaum @wendyhelfenbaum.bsky.social · 14/03/2025
My latest for @moneysensemag.bsky.social on how to plan and save up for an affordable family vacation: www.moneysense.ca/spend/shoppi...
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Affordable family vacations:​ How to travel when the Canadian dollar is weak - MoneySense
You can still plan an unforgettable, low-cost family vacation with these savvy strategies.
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MoneySense @moneysense.bsky.social · 13/03/2025
Rewards credit cards offer either cash back or points that can be redeemed for groceries, travel, merchandise, gift cards and more. Now, let’s find the best one for your goals and spending habits. www.moneysense.ca/spend/best-r...
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The best rewards credit cards in Canada for 2025 - MoneySense
From redeemable points to cold hard cash, these rewards credit cards offer big returns on your everyday spending.
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MoneySense @moneysense.bsky.social · 13/03/2025
Economic uncertainty, inflation and the decline of workplace pensions have left growing numbers of seniors unable to leave their jobs. #retirement #seniors #jobs #pensions #inflation #itpaystoknow
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Why “unretirement” may be the fate of so many Canadians - MoneySense
Economic uncertainty, inflation and the decline of workplace pensions have left growing numbers of seniors unable to leave their jobs.
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