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Read more about the article CRA Collected $166.2M in TFSA Overcontribution Penalties in 2024 | AiF News Bites
AiF News Bites

CRA Collected $166.2M in TFSA Overcontribution Penalties in 2024 | AiF News Bites

The CRA levied $166.2 million in TFSA overcontribution penalties in 2024, with excess contributors quadrupling over the past decade.

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September 25, 2025
Read more about the article Canada’s Youth Face Recession-Level Unemployment: 52% Fear Job Loss | AiF News Bites
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Canada’s Youth Face Recession-Level Unemployment: 52% Fear Job Loss | AiF News Bites

More than half of young Canadians fear losing their jobs. With unemployment rising and inflation still high, Canada’s youth are facing recession-level challenges.

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September 23, 2025
Read more about the article B.C.’s Deficit Hits Record as Debt Set to Surge by 37% | AiF News Bites
AiF News Bites

B.C.’s Deficit Hits Record as Debt Set to Surge by 37% | AiF News Bites

British Columbia’s deficit for 2025-26 has reached a record $11.6B, with total debt projected to soar to $213B by 2028. A slowing economy, carbon tax repeal, and trade instability drive the downturn

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September 22, 2025
Read more about the article Why Households Expect Inflation to Stay High: Global Survey Reveals Persistent Fears | AiF News Bites
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Why Households Expect Inflation to Stay High: Global Survey Reveals Persistent Fears | AiF News Bites

A new BIS global survey reveals that households worldwide expect inflation to remain significantly higher than both actual rates and economists' forecasts — especially in emerging markets.

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September 22, 2025
Read more about the article Consumer Spending Slows in August: RBC Sees Drop in Gas and Grocery Sales | AiF News Bites
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Consumer Spending Slows in August: RBC Sees Drop in Gas and Grocery Sales | AiF News Bites

RBC reports a 2.2% drop in consumer spending for August, with essentials like gas and groceries driving the slowdown. Despite weaker retail activity, GDP growth is expected to remain positive.

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September 19, 2025
Read more about the article Canada’s Small Businesses Are Struggling — And Advisors Must Act Now | AiF News Bites
AiF News Bites

Canada’s Small Businesses Are Struggling — And Advisors Must Act Now | AiF News Bites

With housing out of reach, wages stagnating, and small businesses crushed by regulation, Canada’s middle class is in trouble. Here’s why financial advisors must adapt to help rebuild pathways to wealth and ownership.

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September 18, 2025
Read more about the article Top 1% of Canadian Families Hold Nearly a Quarter of National Wealth: PBO Report | AiF News Bites
AiF News Bites

Top 1% of Canadian Families Hold Nearly a Quarter of National Wealth: PBO Report | AiF News Bites

PBO finds top 1% families own ~24% of Canada’s net wealth; top 10% hold 53%. About 169,400 families had ≥ $7.4M in 2023, rising to ~176,800 by late 2024.

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September 17, 2025
Read more about the article 9 Toronto Condo Projects Cancelled: CMHC, Urbanation Point to Sales Slump | AiF News Bites
AiF News Bites

9 Toronto Condo Projects Cancelled: CMHC, Urbanation Point to Sales Slump | AiF News Bites

9 Toronto condo developments have been cancelled in 2025 due to poor sales and high costs, says CMHC and Urbanation. More cancellations are likely in the coming quarters.

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September 17, 2025
Read more about the article PBO Warns Federal Salary Costs Soaring to $172K: Budget Cuts Ahead | AiF News Bites
AiF News Bites

PBO Warns Federal Salary Costs Soaring to $172K: Budget Cuts Ahead | AiF News Bites

Canada's PBO projects federal employee costs will hit $76B by 2029, with average salary and benefits surpassing $172,000. Budget cuts now planned to curb public sector spending.

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September 15, 2025
Read more about the article Canada Fast-Tracks Five Major Projects Under C-5 Act, Including LNG Canada Expansion | AiF News Bites
AiF News Bites

Canada Fast-Tracks Five Major Projects Under C-5 Act, Including LNG Canada Expansion | AiF News Bites

Canada names first 5 fast-tracked infrastructure projects under the C-5 Act, including LNG expansion, Darlington SMR, and Montreal Port upgrade — while critics say it’s more bureaucracy than action.

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September 15, 2025
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