Finance news

After a relatively boring budget last year, the Federal Budget in November 2026 introduces several simplifications for taxpayers. The biggest tax and investing incentives are focused on encouraging business investment rather than providing broad personal income tax cuts.RRSPs and RRIFsThe Budget proposes that registered retirement savings plans (RRSPs) will have no mandatory registered retirement income fund (RRIF) conversion at age 71. Currently, an account holder must open a RRIF and transfer

The federal budget has zeroed in on business growth with a suite of tax measures and incentives designed to spur private-sector investment.The central business pitch of the 2026 budget tabled Thursday aims to encourage Canadian companies to invest more, expand and become more competitive internationally.The budget, entitled Masters of our Destiny, includes capital gains tax breaks, incentives for companies investing in equipment and expanded tax support for research and innovation.But some busin

Wealthsimple is launching an AI assistant that can partially automate everyday banking activities and provide users with financial insights. The company announced a dozen new products at its Wealthsimple Presents event in Toronto on Thursday, including Penny, its new AI assistant.The company says Penny can cue up transactions like e-transfers, flag duplicate credit card charges, manage expenses and pay invoices, in addition to providing insights into users’ finances or giving advice on questi

Here’s a round-up of news for Canadian investors this week.
ShopifySuncorThomson ReutersRioCanMaple LeafCanfor
Shopify reports US$462M Q3 net income, revenue up more than 30%Shopify Inc. (TSX:SHOP)Numbers for its third quarter:
Profit: $462 million (up from $264 million a year ago)Revenue: $3.74 billion (up from $2.84 billion a year ago)Shopify Inc. reported US$462 million in third-quarter net income, up from US$264 million in the same quarter last year, as its revenue rose more than 30%.The

There are over 2.7 million self-employed workers in the country, according to Statistics Canada. Although that number has grown over the last year, higher numbers haven’t meant an improvement in self-employment finances.Alberta-based non-profit credit counselling agency Money Mentors partnered with Angus Reid to survey self-employed Canadians. What they found was alarming: over half of self-employed workers had an income shortfall at least once over the past year, and 53% used a credit card or