Finance news

As 2025 draws to a close and dealerships are trying to clear out space for new models, you might think it’s a great time to catch a deal on a used car. Before you head to the dealership, it’s important to do your homework about the state of car prices and what you can expect to see at the lot. We spoke with Dan Park, CEO of Clutch, which recently released its annual used car pricing report. We wanted to find out what changed with car prices this year and what shoppers should be

The Alberta Child and Family Benefit (ACFB) is a provincial program administered by the Canada Revenue Agency (CRA) on behalf of the Government of Alberta. It provides tax-free financial support to low- and middle-income families with children under 18. Eligible families receive payments throughout the year, typically alongside their Canada Child Benefit (CCB) payments.The ACFB was introduced in July 2020, consolidating the Alberta Child Benefit and the Alberta Family Employment Tax Credit into

In Canada, most retirement plans include the Canada Pension Plan (CPP). Whether retirement is just around the corner or still years away, CPP is likely to form part of your retirement income. How much you receive depends on factors such as your earnings history, contributions, and when you start collecting benefits.This guide answers common questions about CPP, including when to apply, when payments are issued, and how CPP income is taxed.About the Canada Pension Plan (CPP)CPP is a retirement pe

The Ontario Trillium Benefit (OTB) helps eligible Ontarians cover some of the cost of energy, sales tax, and property taxes. Here’s how the benefit works, who qualifies, when the next OTB payment date is, and what to expect when payments are issued.What is the Ontario Trillium Benefit? The OTB is the combined payment of three provincial benefits for Ontario residents. You need to be eligible for at least one of these three credits to receive the benefit.
Ontario Energy and Property Ta

The Canada Child Benefit (CCB) is a tax-free monthly payment to help parents manage the cost of raising children. Each July, the Canada Revenue Agency (CRA) recalculates how much eligible Canadian families will receive in CCB payments, based on your adjusted family net income from the previous year (for the 2026–2027 benefit year, that’s 2025). The CCB is also indexed to inflation, based on Consumer Price Index (CPI) data.What are the CCB payment dates for 2026?
January 20, 2026Febru

Tax-free savings accounts (TFSAs) are useful tax tools with rules that sometimes confuse even the savviest savers. Here are some of the TFSA considerations to keep in mind for the new year to maximize your tax savings, avoid penalties, and leverage the accounts as effectively as possible. New TFSA contribution roomEvery Canadian resident aged 18 or older has $7,000 of new TFSA room as of January 1, 2026. This has been the annual maximum for three consecutive years now, but it could possibly