More than 3.2 million Canadians used buy now, pay later services in 2025, and Payments Canada data shows that 38% of them missed at least one payment. That works out to roughly 1.2 million people who ended up paying late fees, deferred interest, or both — on top of the purchase price they thought they were covering. For someone spending
Eighty-nine percent of Canadian adults own at least one credit card, which means roughly one in ten don’t. Among that shrinking minority, Millennials are overrepresented — and the reasons run deeper than a simple preference for debit. With a median post-tax income around $44,000 and a median debt load of $35,400, many in this age group are questioning whether the
Picture this: two households with the same total income, but one pays over $13,000 more in tax each year. That difference comes down to whose name the income lands in. Under Canada’s progressive tax system, shifting income from a higher-earning partner to a lower-earning one can save thousands—but only if you use the legal channels. The awkward part? Most people
Canadians paid an average of $180 per year in monthly chequing account fees alone before the federal non-sufficient funds (NSF) cap dropped from $45–$50 to just $10 per occurrence — but many households still bleed hundreds more through overdraft charges, ATM surcharges, and Interac e-Transfer fees they never see coming. A Money.ca survey of 5,275 subscribers found that 53% of
Canadians now rely on their tax refund to cover basic living expenses rather than saving or investing it. For someone earning a median salary, that refund—typically between C$1,500 and C$2,500—is often spoken for before it arrives. The data suggests this isn’t a choice; it’s a necessity. Disclosure: Some links on this page are affiliate links. If you make a purchase
When two Canadian banks merge, your money doesn’t vanish — but how it’s protected, where you access it, and what you need to update all shift in ways that catch a lot of people off guard. The Canada Deposit Insurance Corporation (CDIC) covers eligible deposits up to $100,000 per depositor per coverage category at each member institution. Here’s the part
A family of four in Canada is expected to spend roughly $17,571.79 on food in 2026 — about $1,000 more than the year before. That figure comes from the Food Price Report 2026, a collaboration between Dalhousie University, the University of Guelph, the University of British Columbia, and the University of Saskatchewan. For a household spending $1,200 a month on
The $150 figure is not a typo. In 2025, TD raised its RRSP and TFSA transfer-out fee to $150, matching a similar move by RBC. That means if you want to move your retirement or savings account to a different bank, you pay $150 per account just to leave. For a couple with two RRSPs and two TFSAs, that’s $600
The number of homes the UK builds each year is projected to drop from 260,000 to 215,000 by 2026–27 — a 17% slide in just a few years. That means fewer new properties hitting the market, and fewer open houses for buyers to walk through. At the same time, mortgage rates have climbed, with the average two-year fixed rate sitting
The average UK private rent reached £1,383 a month in May 2026, but getting into that rental typically costs more than double that figure before you even spend a night there. A deposit capped at five weeks’ rent plus a month’s rent in advance means someone renting a £1,200-a-month flat hands over roughly £2,585 upfront. In London, where the average
More than half of UK first-time buyers now receive financial help from family members to buy a home. Savills research found that 53 per cent of first-time buyers get support through gifts, loans or inheritance, with the total value of family assistance reaching £11 billion in 2025. That figure has turned what was once a casual phrase — the Bank
Around 4.98 million homes in England are leasehold — roughly one in five properties. If you are buying a flat, you are almost certainly buying a leasehold. If you are buying a house, you might be too, especially in parts of the North West where the majority of new houses sold in 2025 were leasehold. The difference between owning the
