Canada's 2026 Tax Brackets: Changes and Savings Tips
TurboTax expert Stephanie Ricchio details new tax credits, deadline adjustments, and essential filing strategies for the 2026 tax season in Canada.
Category : Banking Finance
Counterfeit Bills Seized at New Westminster Safeway
New Westminster police confiscated $11,000 in counterfeit currency from a Safeway store, highlighting ongoing efforts to combat financial fraud in the region.
Early Mortgage Renewals: Why Fine Print Matters Now
As mortgage rates climb, banks are contacting homeowners months before renewal. Experts warn that attractive rates may hide costly penalties and terms requiring careful scrutiny before signing.
Federal Rule Caps Bank NSF Fees at $10 to Aid Canadians
The Canadian government has implemented a new rule capping non-sufficient funds fees at $10 per transaction, aiming to ease financial strain for households during the cost of living crisis.
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War and Global Tensions Fuel Rising Gold Prices
Gold prices are surging as geopolitical conflicts and global tensions create investor uncertainty, with experts predicting continued volatility in precious metals markets.
Churchill Removed from UK Currency for Wildlife Design
The Bank of England announces a major redesign of UK banknotes, replacing historical figures like Winston Churchill with native animals. The move sparks political controversy.
Court Tightens Oversight on John Risley's Investment Firm
A Nova Scotia court has imposed stricter supervision on the troubled investment firm of seafood magnate John Risley, following financial difficulties and regulatory concerns.
UK Banknotes Spark Culture War: Churchill Replaced by Wildlife
The Bank of England's decision to replace historical figures like Winston Churchill with native wildlife on banknotes has ignited a fierce political debate, with critics labeling it 'woke' while supporters cite security and public preference.
Churchill Replaced by Wildlife on UK Banknotes, Sparks Outrage
The Bank of England plans to replace Winston Churchill and other historical figures with native wildlife on new banknotes, drawing criticism from Conservative lawmakers who argue Churchill's legacy should be preserved.
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JPMorgan's Long Relationship with Jeffrey Epstein After Warnings
Internal documents reveal JPMorgan maintained contact with Jeffrey Epstein for years after red flags were raised, processing over $1 billion in transactions while he generated significant revenue for the bank's private wealth division.
Global Bonds Erase 2026 Gains Amid Iran War Inflation Worries
The Bloomberg Global Aggregate Index has turned flat for 2026 as oil prices surge above $100, reversing earlier gains and triggering a fixed-income selloff driven by Middle East conflict concerns.
Churchill Removed from UK Banknotes in Currency Change
Winston Churchill will be phased out from British five-pound notes as part of a broader redesign, marking a significant shift in the nation's currency representation.
Calls Grow to End Politically Motivated De-banking in Canada
As the U.S. and U.K. implement measures against de-banking, Canada faces criticism for inaction on banks denying services based on political views, with concerns over ideological targeting of industries and activists.
Gen Z's Financial Nihilism Fuels Risky Investment Trends
A concerning trend of financial nihilism is pushing Generation Z Canadians toward high-risk investing strategies like meme stocks and crypto, driven by economic pessimism and housing unaffordability.
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Federal Rules Cap NSF Fees at $10 Starting Thursday
Starting this Thursday, new federal regulations will limit non-sufficient funds fees to a maximum of $10 per transaction, providing financial relief for consumers across Canada.
Loto-Quebec Eyes $1.5B Profit Again This Year
Loto-Quebec anticipates achieving a $1.5-billion profit in 2026, continuing its strong financial performance from previous years, as reported by The Canadian Press.
Audit Watchdog Finds Major Issues at Big Four Firms in Canada
The Canadian Public Accountability Board's annual review reveals significant findings at all four major accounting firms, with KPMG showing the highest rate of issues at over 20% of inspected files.
82 Canadians on Forbes 2026 Billionaires List
Forbes' 2026 billionaires list features 82 Canadians among a record 3,428 global billionaires, led by Changpeng Zhao, Stuart Hoegner, and other notable figures from crypto, media, and energy sectors.
Pandemic Reversed Canada's Wealth Gap Growth: TD Report
A TD Bank report shows Canada's wealth gap contracted 5% from 2019-2023, with bottom 40% households seeing 76% net worth surge. Younger households gained significantly.
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Scotiabank CEO Pay Rises 28% to $13.2 Million
Scotiabank increased CEO Scott Thomson's total compensation by 28% to $13.2 million in fiscal 2025, driven by a substantial bonus and strategic successes in North America.
JPMorgan Restricts Private Credit Lending After Markdowns
JPMorgan Chase is limiting lending to private credit funds after marking down software company loans, signaling stress in the $1.8 trillion industry as Jamie Dimon warned of more 'cockroaches' surfacing.
TSX Down 100 Points, U.S. Markets Mixed
The S&P/TSX composite index fell by nearly 100 points, while U.S. stock markets displayed a mixed performance, reflecting ongoing economic uncertainties and global market volatility.
OPTrust Pension Fund Earns 4.2% Return in 2025
The Canadian pension fund manager OPTrust has announced a solid 4.2% return on investments for the 2025 fiscal year, demonstrating resilience amid global economic volatility and energy market uncertainties.
TD Paid Ex-CEO $3M for Compliance Advice Amid $3.1B Fines
Toronto-Dominion Bank compensated former CEO Bharat Masrani $3 million in 2025 for advising on anti-money laundering remediation, as the bank faced $3.1 billion in U.S. fines.
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UK Banknotes to Feature Wildlife Instead of Historic Figures
The Bank of England announces new banknote designs featuring native wildlife like hedgehogs and badgers, replacing historical figures such as Winston Churchill and Jane Austen after public consultation.
B.C. Company Funded Mortgages Without Registration
A Vancouver-based company illegally funded 47 mortgages over six years despite lacking proper registration, raising concerns about regulatory oversight in the financial sector.
SEC and CFTC Coordinate Enforcement and Examinations
Wall Street regulators SEC and CFTC announce enhanced coordination on enforcement actions and examinations to eliminate duplicative efforts and reduce confusion for financial firms operating under both agencies' jurisdictions.
Goeasy Shares Dive 39% as Auto Loan Troubles Surface
Canadian subprime lender Goeasy Ltd. suspended its dividend and withdrew its outlook after announcing a $233 million write-off on consumer loans, with shares plunging 39% in Toronto trading.
Ontario Pension Plan Posts 7.7% Net Return for 2025
The Healthcare of Ontario Pension Plan reported a robust net return of 7.7% for 2025, highlighting strong investment performance amid economic fluctuations.
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Goeasy Shares Plunge 39% on Auto Loan Troubles
Canadian subprime lender Goeasy Ltd. saw its shares drop 39% after suspending its dividend, withdrawing its outlook, and writing off $233 million in loans. The company is reducing new auto loans and cutting costs amid rising charge-off rates.
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