Finances

Canadians are making their final Registered Retirement Savings Plan contributions, in advance of the deadline. (Black Press Media file)

QUIZ: How much do you know about money and savings?

In January and February, Canadians make their final savings contributions for the tax year.

 

A tradesperson works on a balcony at a condo tower under construction, in Burnaby, B.C., on Wednesday, March 2, 2022. The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away. THE CANADIAN PRESS/Darryl Dyck

Higher interest rates push homes sales in B.C. back toward normal: association

British Columbia Real Estate Association estimates a balanced market is at least a year away

 

A for sale sign displays a sold home in a development in Ottawa on July 6, 2015. Earlier this month, the Liberal government unveiled a new mechanism for Canadians looking to save for a down payment on their first home: a fresh tax-free savings account.THE CANADIAN PRESS/Sean Kilpatrick

How to save for a down payment: navigating Canada’s investment savings accounts

Tax-free first home savings account offers a new way to make a down payment on first property

 

Mike Davies/Campbell River Mirror

Dealing with a workplace pension can be first big investing decision for young people

For millennials, figuring out what to do with a pension plan after leaving a job can be daunting

Mike Davies/Campbell River Mirror
A sign displays the price of a litre of regular grade gasoline at an Esso gas station as a motorist waits at a red light, in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck

Canadians cutting back spending on groceries, restaurants as inflation rises: poll

Four-fifths of respondents said inflation was having a serious impact on their households

A sign displays the price of a litre of regular grade gasoline at an Esso gas station as a motorist waits at a red light, in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck
An autoworker is seen on the general assembly line producing the Chevrolet Silverado, at the General Motors plant in Oshawa, Ont., on Tuesday, Feb. 22 2022. THE CANADIAN PRESS/Chris Young

Canada’s middle-aged, single parents, recent immigrants taxed harder for extra income

Federal study details workers whose extra earnings get dinged most by tax system

An autoworker is seen on the general assembly line producing the Chevrolet Silverado, at the General Motors plant in Oshawa, Ont., on Tuesday, Feb. 22 2022. THE CANADIAN PRESS/Chris Young
Parliamentary Budget Officer Yves Giroux waits to appear before the Commons Finance committee on Parliament Hill in Ottawa, Tuesday March 10, 2020. THE CANADIAN PRESS/Adrian Wyld

Boost to seniors benefit this summer and beyond could cost $10.7 billion

Parliamentary budget officer is estimating the Liberals’ plan might be cheaper than anticipated

Parliamentary Budget Officer Yves Giroux waits to appear before the Commons Finance committee on Parliament Hill in Ottawa, Tuesday March 10, 2020. THE CANADIAN PRESS/Adrian Wyld
The Canada Revenue Agency (CRA) headquarters Connaught Building is pictured in Ottawa on Monday, Aug. 17, 2020. Data from the Canada Revenue Agency shows its program to combat tax evasion by the super-rich has resulted in zero prosecutions or convictions in recent years. THE CANADIAN PRESS/Sean Kilpatrick

CRA audits of ultra-wealthy Canadians yield zero prosecutions, convictions

Only two cases proceeded to federal prosecutors, with no charges laid

The Canada Revenue Agency (CRA) headquarters Connaught Building is pictured in Ottawa on Monday, Aug. 17, 2020. Data from the Canada Revenue Agency shows its program to combat tax evasion by the super-rich has resulted in zero prosecutions or convictions in recent years. THE CANADIAN PRESS/Sean Kilpatrick
Campbell River city council will continue its 2020 policy of waiving late fees and NSFs. (Mirror File photo)

53% of Canadians teetering the brink of insolvency: survey

A majority of Canadians admit they’re just $200 away from not being able to pay their monthly bills

Campbell River city council will continue its 2020 policy of waiving late fees and NSFs. (Mirror File photo)
Financial literacy and credit counsellor Pamela George is shown in her home office in Ottawa, on Tuesday, Dec. 29, 2020. THE CANADIAN PRESS/Justin Tang

Planning your 2021 budget a chance to reassess your spending and make changes

Saving a six-month buffer is important to start building that rainy-day cushion

Financial literacy and credit counsellor Pamela George is shown in her home office in Ottawa, on Tuesday, Dec. 29, 2020. THE CANADIAN PRESS/Justin Tang
A man wears a face mask as he sits on a bench in Montreal, Saturday, June 27, 2020, as the COVID-19 pandemic continues in Canada and around the world. THE CANADIAN PRESS/Graham Hughes

Household size, employment key factors in pandemic mental health among Canadians: survey

Educational levels did not play a large role

A man wears a face mask as he sits on a bench in Montreal, Saturday, June 27, 2020, as the COVID-19 pandemic continues in Canada and around the world. THE CANADIAN PRESS/Graham Hughes