Finance news

The Canada Revenue Agency (CRA) is set to issue the second regular quarterly payment of the Canada Groceries and Essentials Benefit (CGEB) on October 5, 2026.Eligible recipients who already have direct deposit set up should see the money in their bank account. Cheques, however, can take longer to arrive by mail.What is the Canada Groceries and Essentials Benefit?The CGEB is the federal government’s rebranded and enhanced version of the GST/HST credit.According to the government, the GST/HS

In today’s economy with the cost of home ownership increasingly out of reach for many younger Canadians, parents are finding different ways to help their children get into the housing market. For some, that means contributing to a down payment. But what if you already own a property and want to sell it directly to your children? You may be tempted to simply sell it to them for much less than they could get on the open market.You can agree to whatever price makes sense for your family, but

Canadians today view the growing ubiquity of digital fraud with a mixture of alarm and exhausted resignation. More than a quarter of respondents to Equifax Canada’s most recent Fraud Survey, conducted in February 2026, said they feel numb to suspicious messages and simply delete them without taking further precautions. More than a quarter (28%) characterized the volume of fraud attempts as a “manageable annoyance,” 16% said they felt “anxious and tired” trying to so

Last March turned out to be one of the worst months for corporate data breaches in Canadian history. First, grocery retailer Loblaw disclosed that a third party had illegally gained access to customer information including names, phone numbers, and email addresses. Then, Telus Digital revealed it had been attacked by a hacker group known as ShinyHunters, which obtained more sensitive information such as customer support records and financial data. Finally, at month’s end, Toronto fintech c

In Canada, interest on money borrowed to purchase your principal residence is generally not tax-deductible. There is, however, an elaborate personal-finance strategy designed to gradually convert that non-deductible mortgage debt into potentially tax-deductible investment debt. It’s called the Smith Manoeuvre. You start with a readvanceable mortgage, which combines a conventional mortgage with a home equity line of credit (HELOC). As you make each regular mortgage payment and red