MoneySense

2 days ago | moneysense.ca | Jason Heath

Ask a Planner I had three meetings this past week with Canadian clients where I challenged their real estate strategies. Here’s why. Real estate investing has its merits. And certain markets have performed exceptionally well in Canada over the past generation. But sometimes, especially as you approach retirement, you should reconsider your real estate strategy. Some Canadian investors look to real estate over stocks because they perceive real estate to be a better investment.

6 days ago | moneysense.ca | Erin Pepler

Mortgages Big banks and brokers aren’t the only mortgage lenders out there—here’s how to save if you’re renewing or refinancing a mortgage in Manitoba. When Canadians need a mortgage, they often default to the big banks—but there’s a whole other world of financing options to explore. Credit unions have competitive interest rates in Canada, including Manitoba, plus innovative mortgage options you may not be able to find elsewhere.

1 week ago | moneysense.ca | Jason Heath

Ask a Planner The party’s platform proposals may impact RRIF minimum withdrawals, income tax and more. Here’s how Canadians can plan for the changes. The Liberals held on to power in the recent federal election, and this has tax implications for Canada’s seniors and other taxpayers—in particular, for retirees and their strategies for their registered retirement income fund (RRIF) this year and possibly in the future.

1 week ago | moneysense.ca | Evelyn Jacks

Jacks on Tax You can deduct a lot for valid automobile expenses, but you’ll need to keep a detailed record of your travels. One of the most vexatious—and most audited—provisions on your income tax return is the claim for automobile expenses. Why? Keeping an auto log is necessary to identify the personal versus business use of the vehicle, if you use it for both purposes.

2 weeks ago | moneysense.ca | Keph Senett

Credit Cards Sponsored By Neo Financial We spend a lot of money on groceries in Canada. See how much the average Canadian will pay in 2025, and which credit card can help you save on food. The rising cost of food is a major concern in Canada. Although inflation sparked by the COVID-19 pandemic has eased, the cost of groceries remains higher than pre-pandemic levels.