If you’re a Canadian household, you’ve likely noticed that the grocery bill keeps climbing regardless of what you do. Data from over 173,000 KOHO members shows average monthly grocery spend rose roughly 5% year-over-year to $275 by May 2026. That doesn’t sound catastrophic until you factor in that 81% of Canadians already identified food as the expense that increased most
You’re two weeks from payday and the car needs repairs. A short-term cash advance online promises money within hours, no credit check needed. The fee on a $300 loan comes to $42 — which works out to an annual percentage rate of roughly 365%. The Financial Consumer Agency of Canada sets the maximum fee at $14 per $100 borrowed, but
Nearly half of Canadian adults now use an online-only or challenger bank alongside their traditional accounts, and the share opening primary accounts with branchless banks has nearly doubled since 2022. That shift isn’t random — it’s a response to fees, interest rates, and a growing sense that one institution can’t do everything well. Here’s what you actually need to know.
Average auto insurance premiums in Canada hit roughly $1,900 a year in 2024, and by mid-2025 Ontario drivers were already seeing an average of $2,120. Those numbers keep climbing — auto theft claims alone passed $1.5 billion in 2023, and severe weather caused $8.5 billion in insured losses the following year. If you’re paying more and wondering where the leverage
Forty-five per cent of financially comfortable Canadians are in a relationship, but only 34% of single people describe their financial situation the same way, according to Kantar Canada MONITOR 2025 data. That gap suggests something about how couples handle money matters. More Canadian families are opening joint bank accounts not in their twenties, but later in life — after marriage,
Pick up the phone or don’t — the debt doesn’t vanish either way. But ignoring collection calls in Canada sets off a chain of events that depends less on how many times the phone rings and more on who owns the debt, how old it is, and what you have to lose. Here’s what you actually need to know. Disclosure:
Fewer than 20% of Canadian investors could name all the fees on their investment statements, according to a survey by the Mutual Fund Dealers Association of Canada. That figure isn’t a reflection of effort — it’s a design feature. Fee structures are layered, deducted at source, buried in fund documents, and rarely shown as a single dollar figure. The real
Nearly 13% of the Canadian workforce now works for themselves — entrepreneurs, gig workers, solo consultants, creative professionals. Yet the insurance system still treats them like a problem to solve rather than a market to serve. Only 25% of self-employed Canadians have disability insurance, compared to 57.1% of employees. Here’s what you actually need to know. Disclosure: Some links on
Your home insurance renewal lands in your mailbox. The premium’s gone up — maybe 6.2% if you’re in Ontario, where the average hit $2,235 in 2026. You pay it, move on, and don’t think twice. But what you probably didn’t notice is that your coverage limits may have shifted, a new exclusion may have been added, or your deductible for
Identity theft cost Canadians at least $638 million in reported losses in 2024, and the Canadian Anti-Fraud Centre logged 9,683 identity fraud reports — the highest volume of any single fraud type that year. 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 earn
Over the past year, I’ve watched friends, colleagues, and even my own habits shift in a pretty noticeable way. Before buying anything — from a bag of coffee to a new winter jacket — there’s now a quick round of app-hopping. Check Amazon. Check Walmart. Maybe check a specialty retailer or a price-comparison tool. It’s become routine. And the numbers
Roughly 8.4 million Canadians are underinsured — meaning their life, disability, home, or auto coverage would fall short if something actually went wrong. That’s about one in four households, and the gap has been widening as construction costs climb, policy limits stay static, and fewer people buy term life than a decade ago. Here’s what you actually need to know.
