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
In August 2023, GameStop shares traded above $480. Today they sit under $30. AMC peaked at $72 and now changes hands below $5. That means someone who bought $10,000 worth of GameStop at the top would be left with roughly $600 today. For a Canadian investor watching from the north, the pattern is impossible to miss. The same frenzy is
BRITWEALTH ARTICLE — FINANCE CATEGORY –> Over 11% of mortgages issued to first-time homebuyers in Canada in 2025 were co-signed by a parent — up from just 4% in 2004. In Toronto, that figure reaches nearly 14%. What that means in real terms: if your adult child stops paying a $600,000 mortgage, you owe the full $600,000. Not a portion.
Filing a small insurance claim in Canada can end up costing you more than the repair itself. Take an Ontario driver with a $2,200 annual premium who files a $14,000 at-fault claim. Over the next five years, that single claim adds roughly $2,600 in surcharges on top of the base premium — meaning the insurer recovers about $13,000 of what
Canada’s household savings rate has fallen to 3.5 percent — the lowest level since the first quarter of 2024, according to the latest national balance sheet data from Statistics Canada. That means for every $100 of disposable income, the average household is now saving just $3.50. The rest is going to spending, debt payments, and the rising cost of everyday
Fewer than half of Canadian renters carry tenant insurance, which means most people renting in Canada are on the hook for replacing everything they own if a fire, flood, or theft happens. A basic policy can start as low as $12 a month, but the typical renter pays between $15 and $50 monthly depending on where they live and how
Between 0.25% and 2% — that’s the gap between what you’d pay a typical robo-advisor and a human advisor in Canada each year. On a $50,000 portfolio, the difference works out to roughly $875 annually. Over 20 years, that compounds into tens of thousands of dollars. But cost isn’t the only reason Canadians are rethinking who — or what —
