Romana King

4 weeks ago | money.ca | Leslie Kennedy |Romana King

System criticized as slow and stacked against renters Nichola Taylor, chair of the New Brunswick branch of housing rights group ACORN, criticized New Brunswick's system in the past, stating, "You would think if they have all that money stored that money should be going back towards housing to help tenants and to decrease the crisis of affordable housing that we're currently in," she said to CityNews. Under provincial law, landlords can require a security deposit of up to one month's rent.

1 month ago | money.ca | Nicholas Sokic |Romana King

Agentic AI a top investment opportunity Agentic AI is already making its way into the workplace, with just over a quarter of survey respondents saying they’ve already rolled out the technology within their organization. Nearly two-thirds are in the early stages, whether that’s exploring potential uses, running experiments or launching pilot projects. Looking ahead, 34% of those surveyed plan to adopt agentic AI within the next year.

1 month ago | money.ca | Romana King

Was it a critical error made by the tax software? Here’s where it gets murky. Users like Medrano and another mom, Andrea Aveiro from Bolton, ON, say TurboTax’s software made a critical error: it allegedly calculated child care expenses based only on the lower-earning spouse’s income. Worse, some say the software even unchecked boxes automatically during filing — basically messing up without the user knowing. These families are far from alone.

1 month ago | money.ca | Leslie Kennedy |Romana King

How gift card scams work Scammers have become increasingly sophisticated. As cybersecurity expert Tom Keenan from the University of Calgary explained to CTV News: “Bad guys are scooping up a bunch of gift cards, taking them somewhere and putting labels over the barcode. When someone activates the card, they’re ready to go and drain it.” These altered cards can be difficult for customers to detect in-store. And once the funds are stolen, recovering them is often impossible.

1 month ago | money.ca | Noel Moffatt |Romana King

The hidden cost of a 3% fee Let’s say you invest $100,000 and it grows at an average of 7% per year. Over 30 years, that turns into about $574,349. Not bad, right? Now take that same $100K, but subtract a 3% advisor fee every year. Suddenly, you're left with just $324,340. That’s a $250,000 difference — and all you did was pay someone else to do what a robo-advisor or even a solid ETF could’ve done for a fraction of the cost.