Mortgage rates across Canada are shifting almost daily, and for borrowers trying to lock in the best deal, timing and preparation matter more than ever. According to the latest market tracking by mortgage strategist Robert McLister, lenders are competing aggressively—but only the most qualified borrowers are securing the lowest advertised rates. Here’s a clear breakdown Continue reading
Month: April 2026
Garry Marr: Want to Pay More Tax in Canada? Here’s How Some People Are Actually Doing It
In a country where most taxpayers look for ways to reduce their bill, the idea of voluntarily giving extra money to the government sounds unusual. Yet, as highlighted by columnist Garry Marr, there is in fact a mechanism—albeit little known—that allows Canadians to do exactly that. While the concept may seem theoretical, a small number Continue reading
Cross-Border Tax Traps: 5 Costly Canada–U.S. Mistakes That Can Drain Your Wealth
Navigating taxes between Canada and the United States isn’t just complicated—it can be expensive if you get it wrong. For individuals with financial ties across the border, even small missteps can trigger double taxation, penalties, or missed opportunities to save. Here’s a closer look at five of the most common Canada–U.S. tax planning mistakes—and how Continue reading
Inside Canada Mortgage Machine: How Big Banks Minimized Risk While Maximizing Profit
For years, analysts and policymakers have warned that cooling housing markets in provinces like Ontario and British Columbia could trigger significant mortgage losses for Canada’s largest lenders. But recent data shows those fears have not materialized. Instead, the country’s biggest banks have turned residential mortgages into one of the safest and most profitable segments of Continue reading
$1.7 Million or Bust? The Truth About How Much Canadians Really Need to Retire
For many Canadians, retirement planning starts with a shocking figure. A recent survey by Bank of Montreal found that people believe they need around $1.7 million to retire comfortably—up significantly from the previous year. It’s no surprise that more than a third of respondents see this goal as nearly impossible. Big lump-sum numbers can feel Continue reading
Toronto Festival of Beer Collapses as Bankruptcy Leaves Vendors Owed Millions
One of Toronto’s most recognizable summer events has been abruptly cancelled, as the company behind the Toronto Festival of Beer faces bankruptcy—triggering financial fallout that vendors say has left them collectively owed millions. For nearly three decades, the festival has been a staple at the Exhibition Place, drawing crowds, independent brewers, and food vendors from Continue reading
CPP and OAS Payments Set for April 28, 2026 With New Benefit Increases
Canadian retirees can expect their next round of federal pension payments very soon, with both the Canada Pension Plan and Old Age Security scheduled to be deposited on April 28, 2026. This payment date applies across the country, including retirees in Ontario, and comes with updated benefit amounts that could slightly boost monthly income for Continue reading
Bank of Canada Expected to Hold Rates Steady as Inflation Pressures Remain Uneven
A new Reuters poll suggests the Bank of Canada is likely to keep its key interest rate unchanged for the rest of 2026, choosing patience over aggressive action despite rising energy-driven inflation concerns. Economists widely expect the central bank to maintain its overnight rate at 2.25% in the upcoming decision, signaling a cautious approach as Continue reading
Urgent Recall Issued for Egg Products in Ontario and Quebec Over Salmonella Risk
Health authorities in Canada have issued a recall for certain egg products distributed in Ontario and Quebec due to possible contamination with Salmonella infection, raising concerns for consumers and the food service industry. CFIA Identifies Affected Products and Batches The recall was announced by the Canadian Food Inspection Agency, which identified specific lots of Supreme Continue reading
OAS Payments Get a Boost in April 2026 as Seniors See Higher Monthly Income
Canadians receiving retirement benefits are seeing a welcome increase this month, as Old Age Security payments rise in response to the cost of living. With updated maximum amounts now in effect, eligible seniors could notice a larger deposit in their bank accounts starting April 2026. The pension program, administered by Service Canada, remains one of Continue reading