File for bankruptcy in Canada and the most immediate change to your credit file is an R9 rating — the lowest possible credit rating — assigned to every account included in the filing. That R9 stays on your Equifax report for six years after discharge, and on TransUnion for up to seven years in Ontario, Quebec, Prince Edward Island, and
You’ve been through it. A new policy application, a renewal form, or even a simple quote request, and suddenly you’re answering pages of questions. Some feel straightforward. Others feel personal. A few might seem completely irrelevant to the coverage you’re after. The instinct is to assume the insurer is being nosy or inefficient. But the real reason Canadian insurance companies
Open a renewal notice in Ontario or Alberta this year and the number on the page probably doesn’t look like last year’s. Canadian auto insurance premiums rose 8.7% in 2024 alone, with another 5.2% increase priced in for 2025, according to the InsuranceXpert premium index. Here’s what you actually need to know. Disclosure: Some links on this page are affiliate
More than five million Canadian adults say they need insurance and don’t have it — roughly one in five. That’s the finding from a 2024 industry analysis, and it reflects a broader pattern: the gap between what people assume their policies cover and what those policies actually pay out keeps widening. The average home insurance claim takes just over a
The average Canadian now carries $156 in cash, according to 2024 data from the Bank of Canada — up from $140 the year before. That’s not a dramatic swing, but it cuts against a decade of forecasts that physical money would fade into irrelevance. Withdrawals from ABMs and bank branches are rising, not falling. Here’s what you actually need to
Food is the top financial concern for Canadian households right now, with 81.1% of people identifying it as the expense that has increased most over the past year. That figure has barely budged from 2024, which tells you this isn’t a temporary squeeze — it’s the new normal. The average monthly grocery bill now sits at about $412, up $22.96
Two drivers with identical records driving the same car can pay more than $2,000 extra per year purely because of the postal code where they park at night. That gap is not a glitch or a one-off — it’s baked into how Canadian insurers calculate risk. Here’s what you actually need to know. Disclosure: Some links on this page are
By the end of 2025, nearly half of Canadian households — 48.5% — no longer had a traditional TV subscription, according to the Convergence Couch Potato Report. That share is projected to hit 57% by 2028. Here’s what you actually need to know. Disclosure: Some links on this page are affiliate links. If you make a purchase through them, Britwealth
Grocery prices in Canada rose 4.4% year-over-year in March 2026, according to Statistics Canada. That’s the kind of inflation number that turns a side hustle from a nice-to-have into a need-to-have for millions of people. Here’s what you actually need to know. Disclosure: Some links on this page are affiliate links. If you make a purchase through them, Britwealth may
Nearly 1.2 million Canadians aged 65 and older were either working or looking for work in 2025, the highest number on record since 1976. That is roughly one in seven seniors, and the trend is accelerating. For a retiree living on a fixed pension, going back to work part-time can mean the difference between covering monthly expenses and falling behind.
Fifty-eight per cent of working Canadians earn what they consider a decent salary but still can’t keep up with day-to-day expenses. That’s the finding from a 2025 H&R Block survey, and it explains why so many two-income households feel like they’re running just to stay still. For a couple both earning median wages, that gap between what comes in and
Canadians are sitting on an estimated $13 to $15 billion in unredeemed loyalty points, yet three-quarters of adults used a credit card for essential purchases in the past year — the highest rate in three years. That gap between what people earn and what they actually use tells you most of what matters about rewards programs. The points themselves aren’t
