Got notification that the hackers accessed all details including name, address, contacts, passwords, date of birth (freakin I never realized they were holding onto my DOB).

Since its Canada, I guess nothing can be done, no lawsuits or compensation request or id monitoring.

Any lawyers that think can save us from after-hack carnage?

​

I find it hard to believe that these guys could get millions in fraudulent refunds from the CRA.

These people are still not criminal charged

https://youtu.be/07u-4qiGCCU?si=mZZ9NGXz-AStyihu

https://ici.radio-canada.ca/rci/en/news/2293213/he-followed-a-debunked-conspiracy-theory-to-claim-a-tax-refund-so-why-did-the-cra-agree-to-a-40m-payout

My friend is arguing this to be the case, I don't think so. Let's assume you rent a place for $3k per month with your spouse in this scenario. Wouldn't that already eat up a good chunk of the annual withdrawal amount from the $1M?

I (27) decided to end my lease and live out of 2 suitcases and a backpack while hopping around the world starting in January. I was paying ~$2000 a month for rent and i'd rather just reallocate that to nicer accommodation abroad instead of having a home base in Canada.

For Canadians who've done the same, is there anything you think i should know? Credit card/health insurance/accommodation etc. recommendations? Essentials i need to keep on me that I might not be thinking about? I'm not working right now and i don't foresee myself working during this period. I'd still be a Canadian tax resident for stocks which i'll draw down on to live. I plan on doing this for at least 3 years, probably longer. I'm an overthinker and this is a pretty big life switch up for me, so i want to make sure i'm not missing anything.

I plan on doing a mix of hostels, longer term airbnb's, staying with friends, thru-hike camping, and hotels depending on the price and area.

I am in Ontario and will possibly be having surgery that will put me off work anywhere from two weeks to six months.

Our employer health care benefits through Manulife does not have any short-term disability coverage. Is it EI that I would have to go on?

I'm not currently married but me and my bf are talking about it, I have a disability and get payments from the government since I'm not able to work due to my disability (ofc if situations get better I want to) but is it even worth it to get married? I swore I read something about that if he has a higher paying job and we get married I won't get my payments. Does anyone know if that's true and if it's worth it to get married.

PLEASE don’t be mean… i’m just so confused

so it’s been like 7 months since i first got my credit card, and it only has 1k limit. i’ve been using it daily and paying off the balances that are due each month. my question is when i pay my credit card, im technically borrowing my own money right? especially since it only has a thousand dollars limit. i know, i know that it’s not my own money and im borrowing from my credit card but i just feel like im borrowing my own money, yk ? idkk can someone please explain to me how it works and that im not crazy

My bank continues to offer me LOC. The latest offer is 20k for 6.5%. I have no need for this money and will not be spending it, unless...I should? There is a chance I get married in the next year, should I use this 20k for marriage expenses and then pay it off the next day? What makes the most sense when it comes to LOC?

I will be starting my next coop for 4 months at one of the pension plan company (one of Maple 8, BCI, OTPP, Omers, etc).

One of the benefit they offered me is to enrol in their pension plan.

But the thing is I am only 20 years old and I don't think I will have the opportunity to contribute to that pension plan after 4 month coop unless I work for this pension plan company in the future.

I have read about it online about how employer also contribute money for every 1 dollar you contribute to this pension plan which sounds too good to be true.

Am I missing something? Any ideas will be highly appreciated.

I’m looking to transfer some funds from my non-registered cash account into an FHSA. Is this possible, and what would be the most tax-efficient way to do it?
I recently deposited some money into my non-registered account, so my capital gains are relatively low at the moment. My TFSA is already maxed out, and since I’m only 28, I’m less focused on retirement savings right now and more interested in taking advantage of the FHSA’s tax benefits.
What would be the best way to move my existing funds into an FHSA while minimizing any potential tax implications?

Is there anyone here that actively uses this card for their day to day and then travelling to Europe and Asia? Wife and I are planning to travel more and the no fees on foreign transactions and high points on grocery seem great. I do know Amex is less useful overall as fewer places accept it. I do have a Servus WE Mastercard that's functional used as a 2% cashback card as the other benefits are kinda mid. So I wouldn't be without a card.

As an Edit: By Asia and Europe the plan is mostly for Japan and Hong Kong and for Europe it's UK and Italy for the next 6-7 years, Hopefully 1 trip a year overall.

Am in Ontario. Need a basic small car for short commute as my old car is dying. Any good deal going on? I need quick delivery, so waiting 6 months for a Toyota is out of the question. Thank you.

I just spent over 2 hours chatting and calling Amazon customer service over an issue that should not be this difficult to resolve.

The problem started when I changed my Amazon Prime payment method from my Mastercard to my Amex. Since then, I've been getting charged for Prime, and now Amazon is telling me they have absolutely no record of these charges on their end.

I sent them screenshots of my credit card statements clearly showing the transactions. The charges are there. I've been paying for this membership every fucking month since December 2024, and somehow their system can't find them.

Their proposed solution? Contact my bank and both credit card issuers and dispute every single transaction going back to December 2024.

Are you fucking kidding me?

Why the hell should I have to spend hours contacting multiple financial institutions to dispute almost two years' worth of transactions when I'm literally providing Amazon with statements showing that I've been charged for their own membership?

The customer service experience made everything even worse. Throughout the entire process, I had to explain the situation over and over again as I was passed from one representative to another. Some of the representatives had such thick accents that I genuinely struggled to understand them over the phone. I'm not blaming anyone for their accent, but when you're already frustrated and have to keep repeating the same explanation, communication difficulties just make the experience even more exhausting.

Eventually, I received this email from Amazon:

"After reviewing your account, we are unable to locate this charge on our end. Since the transaction is not visible in our system, we are unable to process an adjustment or refund from our side.

We kindly ask that you contact your bank or card issuer directly to dispute the charge."

I've since looked online and found other people describing similar issues going back years. How is this still a problem? How can a company the size of Amazon charge customers repeatedly, have those charges appear on their credit card statements, and then claim they have no record of them?

Has anyone else experienced this, particularly after switching payment methods? Did you manage to get Amazon to resolve it, or did you actually have to dispute every transaction with your banks?

I'm honestly baffled that this is considered an acceptable resolution.

I finished nursing school (RN) months ago and I’m in a really bad spot now. I have $300 to my name, credit score is trash, lots of debt over 50k and all my credit is maxed out. I don’t have any stable employment either so that 300 needs to last me until my birthday in late November. I applied all over gta/Ontario and I do really mean everywhere to hospitals, long term care, corrections etc with hundreds of applications.

I keep selling my stuff to keep a float but it can’t last forever. I’m literally on the verge of either selling possession or my body every month atp and even minimum wage jobs outside of nursing or entry level stuff won’t take me. My current situation has me considering driving to Vancouver with the last of my money, take a job with a signing bonus and live out my car until I get the bonus in a month or 2. 

I just don’t know if it’s a good idea with my financials as I have the $300 cash, my laptop which I can sell for maybe $600 and maybe I can borrow a couple hundred from people. My expenses are only my car insurance $320, debt payments $450 and phone bill $30. 

I probably won’t be able to get the relocation reimbursement cause I won’t actually be relocating but I can get a signing bonus for about 10k which I’d get in roughly a month on my first pay. Only issue is I’d have to live out my car until then and im worried about being in a new place living in my car. But really I just need to know if there is any holes in my plan or something I’m missing that would get in the way of this? I know the finances are very tight but is this a good idea or am I not thinking it through?

Edit: i wanted to add I’m currently living with my family in the gta im not currently homeless. Also I don’t have gambling debt it’s just a random name I generated. The $300 is just my current cash I have my laptop to sell for $600 or more and can borrow a couple hundred from people so I can get there.

Lastly I wanted to clarify I’m a NEW GRAD NURSE, I cannot do travel nursing because I have no experience and many other jobs I don’t have the skills to do. I can mainly do entry level work or new graduate program which are very competitive. I know many of you are just looking at it as employment but im responsible for peoples lives at the end of the day and need to practice safely or I will lose my license all together.

I currently have the BMO visa infinite card. I’m looking to book a $35k trip through a tour operator and wondering if it would be worthwhile to open a new credit card for a purchase this large?

Edit: which card would you recommend?

Been fighting with TransUnion about an account that isn’t mine… it Probably belongs to someone with my same name.

but I have no clue how to get them to change it.

I have called and I have submitted disputes.. and I have called the company that is reporting to TransUnion.. but they won’t drop this account..

For a 31F who has only been an occasional driver and is now getting her first car + primary insurance. The cheapest quote for a 2019 Honda Insight Touring is $450/month in North York (using YouSet). This is with a tracker discount of 15% and includes some but not all optional insurance such as income replacement, personal belongings, coverage if the other party is underinsured, coverage for my own car, and deductibles set to $1k.

On my history, I have a glass claim in 2021 and a not-fault incident but both were made by the primary car owner and not me (as an occasional driver).

$450/month for auto insurance is really high so are there any optional insurances which are not really required? I already declined all the rental car ones since I have coverage for those with my credit card.

Also, does registering a co-owner for the car who had an at-fault collision last year impact insurance rates even if that person is not on the insurance and will not be driving for another year?

I had some water damage on a ceiling in two rooms from the recent storms. With water mitigation and repairs it’s coming out to about $10k. My deductible with TD is $3k so TD says they’ll just cut me a cheque for $7k and call it a day.

I don’t know anything about insurance premiums, but if this claim raises my premiums by a lot would it make more sense to just pay out of pocket for this and not settle?

Hi everyone,

I have seen a few posts recently about whether it makes more sense to pay down mortgage or invest. The consensus is usually to invest in something like EQT.

I know everyones situation and risk tolerance is different, but I am thinking for us it make more sense to pay down mortgage but just wanted to get another opinion.

My wife and I currently have about $100k each in our TFSA. We are invested in Wealthsimple's Income Portfolio paying 2.5%. We are saving this money to upgrade our home in a couple years without a significant increase to our mortgage. We will continue to add to this fund as much as we can but the TFSA are almost maxed out.

Our current mortgage is with RBC, about $475k at 3.72% fixed. Renewal will be in 2028. Our mortgage agent advised we can make lump sum payments up to 10% of our mortgage each year. We want to put about $50k down this year and another $50k down next year.

We figure since this money is being saved for a new home anyway and only earning us 2.5% in our TFSA, we might as well put it into our mortgage. The only downside will be if we don't end up upgrading, then this money won't be available to invest but we are 80% sure we will upgrade in a few years as long as the market isn't too crazy.

Let me know your thoughts. Thanks in advance.

Edit: just want to thank everyone who took the time to provide their perspective on our situation. Don't know how we will proceed but certainly have a few things to discuss further with my wife.

Toronto, October 14, 2026 – More small businesses will pay lower credit card processing fees when new Visa interchange rates take effect on October 24, says the Canadian Federation of Independent Business (CFIB).

Small businesses pay interchange fees every time a customer pays by credit card. These fees go to the bank that issued the customer's card and are levied as a percentage of each sale.

In an agreement with the federal government that took effect in 2024, Visa and Mastercard significantly lowered interchange fees for small businesses with sales under $300,000 for Visa and $175,000 for Mastercard.

Visa is expanding its small merchant interchange rate to firms with up to $750,000 in annual Visa sales and lowering rates for all qualifying businesses. Mastercard is not expanding its small merchant program, and its threshold remains at $175,000.

“This is a big win for many small businesses that will now qualify for Visa’s special, lower interchange rate. The additional businesses that now qualify for the small merchant program will save thousands each year,” said Dan Kelly, CFIB president.

“Sadly, there are new credit card processing fees on the horizon as well,” Kelly added. Visa has announced plans to join Mastercard in assessing a new 1.8 cent USD fee on all domestic transactions. Mastercard will expand this fee to all transactions starting this week and Visa intends to levy the exact same amount starting in April 2027. These fees are first charged to card processors but are routinely passed on to small merchants.

“After reducing credit card interchange fee revenue that goes to the bank, it is disappointing to see Visa and Mastercard increase their own slice of the payment fees that may end up being paid by small businesses,” noted Corinne Pohlmann, CFIB’s executive vice-president of advocacy.

CFIB continues to put pressure on the government and payments industry to expand the program of lower small business rates to additional credit card providers, regularly review size thresholds, and ensure that the cost savings are fully passed on to merchants.

“For two decades, CFIB has been pushing for fairer credit card fees for small businesses. We’re glad to see Visa include more small merchants, and we are calling on Mastercard and other card brands to do the same,” said Pohlmann.

https://www.cfib-fcei.ca/en/media/visa-lowers-interchange-fees-for-tens-of-thousands-of-small-businesses-but-new-credit-card-fees-are-on-the-horizon

I went to complete my report for Sickness benefits today but got an message as soon as I entered details says “There is no claim to report” and Tomorrow I am going on maternity leave as approved by Service canada when I applied Sickness benefits.

I called service canada and Manually I submitted my report on call and then I shared about Top ups I am receiving from my workplace for 5 weeks as maternity top up so service canada put my file in Review as they need to review top ups. Is it normal process or I just complicated my file. Will they reject my file for maternity?

Please guide me what should I do now.

I should’ve been way further ahead given that I was gifted a pretty good job when I was 19 but instead, I decided to party a lot and travel a lot and not see if my money properly up until the last couple years.. moved out at 25 because I didn’t wanna be living with my mom anymore and that also feels like a lost opportunity to save my money given I have friends that live at home who owned properties … IDK I just feel like as a man I should’ve got the fuck out so I did!!

There’s my finances in the link attached.
The stock portfolio at one point doubled during the bull run last fall, but I didn’t take advantage and cash anything out and then I sold stuff during some of the dips this year. biggest regret was not selling MSTR when I was almost 200% on it and then watch it crumble back down to the to sell it at breakeven and then sell my pltr for like a 30% profit.

Earlier in the winter I made almost $30,000 gambling and I stupidly FOMO’d into silver/gold and as you can see, I have gotten absolutely smashed. Of course I haven’t sold silver and im holding it….ended up selling the gold when I lost some of that money back to the casino…. No I don’t gamble anymore FYI.

What should I be doing to further my investment? I work in entertainment so right now I’m out of a job but when I do work, I make pretty decent money… last year I’ve pulled in 175k and this year. I’ll be lucky if I hit 80k that’s how fucking terrible this industry can be. Have ei till next august if needed.. always applying for gigs usually something comes up. Although it’s unusually slow for Toronto, film biz rn if you know you know.

I pay the standard Toronto rent for a condo and the only debt I have is my car lease.

And I do like to travel , and I do have a dog… and a girlfriend lol

I do have money coming my way but there’s no confirm date. I’m waiting for a $30,000 payout from a class action lawsuit and there will be inheritance coming down the line but not anytime soon so I just wanna maximize my investments so they work for me obviously I have some money here, but I feel so bad when I look at people in this group people younger than me that are hitting these goals and doing so well.

God bless all of you

finances

-Early 40s
-$2.5m investable
- DB pension earmarked at $45k/year.
-Also a $32k year non taxable income stream

For a single person, no dependents. Would this actually be a “comfortable” retirement. I know that’s subjective. But what actual spendable cashflow would be available without draining the corpus, I would picture side stepping bad sequence of returns by drawing a percentage of the value of the portfolio, I.e. assets go down, so does spend, it wouldn’t necessarily go the other way depending on how these numbers shake out.

I’m reading 4%swd but how long does that last? And at what tax rate?

Would 3.5% preserve capital?

3.5 would be about $87500, at what assumed tax rate?

Plus the $32k, I’m guessing it would keep spend post tax in the 6 figure range. Which feels like a pretty good salary equivalent while paying income tax.

But it’s been really hard to determine the actual security of these numbers and was looking for an objective opinion.

This might sound off but has this ever happened to anyone? I got pre approved and accepted unsecured LOC with BMO but I don't have any existing relationship with them via credit card or other credit products except chequing account and savings account. They did soft check not even the hard check. I was totally surprised.

[Ontario ]Currently leasing a vehicle that has been under my business for the last 3 years. It's now end of term and we've deciding on purchasing it.

When buying out the vehicle, should we change the ownership to personal? It'll be kind of a hassle as we might need to change plates and all. What are the tax implications? How can we use the new "Productivity Mega Deduction" to our benefit?

I asked our accountant but not really sure if they thought about it thoroughly.