MoneySense

It pays to know. MoneySense helps Canadians make better financial decisions, at every age and stage.

[MoneySense @MoneySense]

Thinking about buying a home from an estate?

A broker says a $50,000 discount on a $1M Toronto home is “certainly possible,” but not automatic.

Here’s what Ontario buyers need to know about probate delays, as-is clauses, and who has the edge.
https://t.co/8BPit9rsbD

[MoneySense @MoneySense]

Seen a “.L” at the end of an ETF ticker? It means accumulating units: the fund reinvests income for you. But you still owe tax on it.

For MoneySense, ETF analyst Tony Dong explains how accumulating ETFs work: https://t.co/JC13agKJGZ

[MoneySense @MoneySense]

#Budget2026 promises billions in affordability relief, but middle-income Canadians struggling with costs may see little of it.

The help is aimed at lower-income households, and economists say the plan leans on longer-term growth.

Details: https://t.co/HP7ms7qGGP

[MoneySense @MoneySense]

MoneySense is at @Wealthsimple Presents: Something Good Is Going To Happen!

The new products and features unveiled include an AI assistant that can move money and place trades, a Canadian-dollar stablecoin, an advanced trading platform, a rebuilt mobile app, and more.

Read our story about everything announced by the fintech giant today:

https://t.co/mnS6eDLzII

[MoneySense @MoneySense]

A RRIF meltdown is the go-to idea for leaving more to your kids.

Planner Allan Norman (@ManFromAtlantis) ran the numbers for a 72-year-old MoneySense reader. Here's what he found.

https://t.co/kpvfyB79hZ

[MoneySense @MoneySense]

The Hilton Honors American Express Card is now available in Canada.

It launched on October 29, and it's the first @Hilton co-branded credit card in the country.

The welcome offer is up to 70,000 points plus a Free Night Reward, and the annual fee is $150.

Read MoneySense's breakdown of the earn rates, perks, and fees:
https://t.co/iCwZpDpOGJ

@AmericanExpress @HiltonHonors

[MoneySense @MoneySense]

The @bankofcanada has raised its key interest rate by 0.25 percentage points to 2.5%, its first hike since July 2023.

Governor Tiff Macklem says the move was needed to keep high energy prices from spilling over into broader inflation, and that more increases could follow, one meeting at a time. Inflation was 3.1% in September, just above the Bank’s 1% to 3% target range.

For borrowers, fixed mortgage rates aren’t directly affected, but variable rates are expected to rise. Savers with GICs and HISAs should see their returns go up.

Read more about what it means for your mortgage, savings, and budget: https://t.co/LPepiCgZYO

[MoneySense @MoneySense]

AI helped MoneySense writer Vickram Agarwal handle a home leak, concert tickets, and a car repair. Then it told him what he wanted to hear, and it nearly cost him.

Read more:
https://t.co/iGQyjp2OQ4

[MoneySense @MoneySense]

Naming your child as your RRIF beneficiary doesn’t necessarily mean the account passes without tax, and a U.S. address adds another layer.

Cross-border wealth specialist @CarsonHamill explains how it works and what to check before you name someone.

https://t.co/jpKtZgpXXX

[MoneySense @MoneySense]

Loblaw says a data breach in March affected about two million Canadians, and it has started notifying them.

Information that may have been exposed: name, email address, home address, date of birth, loyalty card number, certain purchase order details and partial payment card information. Not every type of information was involved for every customer.

Loblaw says it detected suspicious activity on its IT network in March, found that an unauthorized third party had accessed some customer information, notified law enforcement and regulators, and strengthened its security systems.

Affected customers are being offered free credit monitoring and identity restoration services through TransUnion. Loblaw also warns people to be wary of unexpected emails, calls or texts.

Learn more: https://t.co/wIF9Df0txf

[MoneySense @MoneySense]

Rogers will start adding a 1.6% “credit card processing charge” to bills paid by credit card on Jan. 17, 2027. It applies to one-time payments and auto-pay, including for customers who use a Rogers credit card. On a $100 bill, that’s $1.60.

Customers in Quebec are exempt. Rogers says the fee helps recover card processing costs that have risen sharply since 2020 and now total roughly $150 million a year.

You can avoid the fee by paying with direct debit, online banking, cheque, a Rogers gift card, a prepaid card or a debit Mastercard or Visa Debit.

Find out more on MoneySense:
https://t.co/GIZoRKe1QD

[MoneySense @MoneySense]

Air Canada now charges $30 per passenger to book flights by phone. The fee took effect Oct. 15, which means a family of four pays an extra $120.

The fee doesn’t apply to customers with specialized support needs, including accessibility needs, or when a trip is disrupted by a delay, cancellation or other disruption. Air Canada says phone support itself is unchanged.

The airline wants customers to book on its website or app and to offset call centre costs.

https://t.co/61xuPl1xL4

[MoneySense @MoneySense]

@Syed57961202 Here you go! https://t.co/fUycF93oeu

[MoneySense @MoneySense]

The CRA may do most of your 2026 tax return for you, but only if you take a few steps before Oct. 31.

Here’s who could get an invitation and what to do now: https://t.co/SSQsiZyZqj

[MoneySense @MoneySense]

The @bankofcanada announces its next rate decision on Oct. 28, and economists are split on whether it will hike or hold.

We spoke to @ratehub mortgage expert Clay Jarvis who, unlike most, believes another rate hold is coming.

Here’s what to expect and what it could mean for your mortgage: https://t.co/UcG958Ttjs

[MoneySense @MoneySense]

Being named executor of a loved one’s estate can feel like an honour, but it’s also a lot of work, and settling an estate typically takes at least a year.

Here’s what to know before you say yes:

https://t.co/mjKz3aG9xw

[MoneySense @MoneySense]

With September inflation at 3.1%, the @bankofcanada has just one more look at price data before its Oct. 28 rate decision.

Gas is up 27.8% from a year ago, while groceries are up only 1.7%. Here’s what the numbers mean:

https://t.co/nlebrrmEwv

[MoneySense @MoneySense]

TD is adding new perks to its @Aeroplan Visa cards in January 2027, including 15% off points on @AirCanada flights and Air Canada Flight Benefit credit on some cards.

@TD_Canada is also increasing fees for three of the four cards in the Aeroplan lineup.

Which card comes out ahead for you?

Read more to determine: https://t.co/9yPPwGIJRd

[MoneySense @MoneySense]

Simplii Financial is piloting account folders that split your paycheque into bills, spending, and savings goals, plus a “payment backup” feature meant to help avoid overdraft fees. Shared folders for household expenses are planned next.

Here’s what’s new at @SimpliiFin:
https://t.co/mIjhdkGHqa

[MoneySense @MoneySense]

The final Advance Canada Workers Benefit payment of 2026 lands Friday, Oct. 9.

If you claimed the CWB last year, watch for a direct deposit, with up to $1,633 for singles and $2,813 for families (before any disability supplement). Details on who gets it and what to do if it doesn’t show up:

https://t.co/zMPWDGqvrS #ACWB