You run a business from your home in Canada and assume your home insurance covers it. The standard policy doesn’t. A typical home policy covers only $2,500–$5,000 of business equipment and nothing at all for business liability. Here’s what you actually need to know. Disclosure: Some links on this page are affiliate links. If you make a purchase through them,
Close to half a trillion dollars in Canadian savings flowed into Guaranteed Investment Certificates between 2022 and 2024, and the pace hasn’t slowed. In the first half of this year alone, another $7 billion in net new money landed in GICs, according to ISS Market Intelligence data. Here’s what you actually need to know. Disclosure: Some links on this page
Nearly 27% of Canadians are now taking on debt just to cover their monthly expenses, according to RBC data. That kind of financial pressure makes anyone vulnerable to a lender offering fast cash with few questions asked. Here’s what you actually need to know. Disclosure: Some links on this page are affiliate links. If you make a purchase through them,
The Canadian cashback market hit US$9,272.1 million in 2025 and is on track to reach roughly US$15.9 billion by 2030, growing at a compound annual rate of 11.1% over that stretch. That pace is not accidental. The programs behind those numbers have been quietly redesigned — moving from simple card rewards toward platform-based models that tie cashback to specific payment
More households are treating high-deductible health plans as a deliberate financial strategy rather than a fallback option. In 2021, nearly six out of ten employer-sponsored plan members were enrolled in one — a record high that suggests something more than simple cost-cutting is driving the shift. Here’s what you actually need to know. Disclosure: Some links on this page are
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
