r/CanadaFinance

How can people save money on groceries in Canada when the standard strategies don't seem to work anymore?

I feel like I've done the things you're supposed to do including discount stores when I can, price matching, store brand for most things, never going in without a list and the monthly grocery bill is still higher than it was a couple of years ago and I can't seem to bring it back down. It frustrates me because I can't tell how much of it is fixable through habits and just what things cost now in Canada. At some point you're squeezing a lemon that's already been squeezed.

My coworker mentioned buying discounted grocery items as something worth looking into, and I've seen people mention different things for finding that kind of deal. I don't know much about how that works in practice though or how realistic it is for actually making a dent. I want to know how people here are approaching grocery costs, and not just trimming a few dollars but making a real difference in the monthly total.

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u/Super_College100 — 4 hours ago
▲ 32 r/CanadaFinance+1 crossposts

Fixing What's Broken in Canada - Community Call to Action Part 2

If you haven't, I encourage you to read the first post here.

Each time a related post is submitted, I'll provide a link to the previous for continuity. The primary goal with the first post was to start a conversation, listen, and observe overall engagement.

Success is 100% a team sport and meaningful change can only happen if we come together peacefully to demand them. We have to put personal politics aside, step out of echo chambers, and unite around the issues impacting us all. We won't change anything through complaining, venting, blaming, grievances, apathy, or complacency.

Action inspires hope, momentum, and change. Is there anyone out there who doesn't need those things right now?

The most upvoted comment in the first thread was a suggestion for country-wide protests and writing MPs (credit to u/InformationSuperb978). Peaceful protests are a signal of a healthy democracy. They can be peaceful AND disruptive, but protests need to be disruptive in the right ways. We've all seen what happens when protests piss off the general population by blocking roadways and preventing people from taking care of themselves and their families. Peaceful protests also need to be sustained to be effective and not just a Saturday special every few months. (NOTE: peaceful protests and actions are the only acceptable form in r/CanadaJobs - violence of any kind will not be tolerated).

Writing MPs can be done in isolation at the individual level with some impact. But the power of a large group like r/CanadaJobs or r/VancouverJobs coming together with a clear set of objectives and demands is so much more potent.

There is a newly formed majority government in Canada with the power to enact meaningful changes. The Overton Window around the world is intensely focused on skyrocketing inflation/cost of living, greed, corruption, wealth inequality, and the double-standard for the ultra wealthy. Now is the perfect time for collective action to bring about the changes we all need right now.

I am 100% supportive of the peaceful actions democratically decided by this Canadian job seeker advocacy community. Moving forward requires teamwork, organization, and focus, so let's do those things.

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From the top comment on the first thread, the overarching community goals are:

  1. Organize peaceful, sustained, attention-grabbing protests in communities and cities across the country (democratic, decentralized, apolitical);
  2. A coordinated MP letter-writing campaign and media appearances (in parallel);
  3. Both strategies above are to drive systemic changes that prioritize the needs of Canadian workers and working class families.

Speak up if you disagree with these goals, but propose alternatives if you do so we can have a productive debate and discussion. This is about taking decisive, meaningful action as a community. Save the pessimism and cynicism for another sub.

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Next Steps

1. Build a Core Team (speak up below and we can connect 1:1 from there)

-Priority one is finding emotionally mature leaders with growth and solutions mindsets, who want to serve others with humility, accountability, and kindness and inspire meaningful changes (there's no specific requirements for this - just need to have the right mindset);

-Regular people like each of you who believe the status quo needs to change and action is the way to create it; people who are willing to learn, grow, research, organize, document, create content, work autonomously, reach out to others, inspire, and rally support; those who will commit your time, skills, and experience (everyone here has skills and the ability to help), and be willing to take bold, courageous action;

-Experienced activists that understand how to build successful movements that drive meaningful systemic changes;

-Smart people that understand socioeconomics and policy-making;

-Marketing & PR-trained people who can help refine messaging, spread the word across platforms and domains, and navigate the media;

-Web, cloud, data, and other technologists that can build and support infrastructure (We have to de-risk the use of operating on a single platform and need the ability to continue organizing regardless of who has their eyes on us or where we get blocked - each one of these posts is likely getting some attention);

Seeing people step forward to commit will inspire me to take more action down this path. The opposite is true if there is a lack of engagement/participation. This is a reciprocal situation where we all put into this what we want out of it (100/100, not 50/50).

2. Decide and Document the Challenges to Address as a Community (Democratically);

3. Document the Reforms We Want to Address the Challenges Identified;

4. Set a Goal Start Date for the Protests and Letter Writing Campaigns

5. Begin Outreach, Gather Support, Build Momentum (start in parallel to the above).

6. Plan, Strategize, Organize, Mobilize, and Implement.

If I've missed a critical step or you think there's a better way of achieving the goals above to have sustained peaceful protests and coordinated letter-writing campaigns to drive meaningful changes, speak up. But again, make sure you propose alternatives so discussions are productive and moving towards our shared goals. Putting up blockers without offering alternatives will be ignored.

Divisive, xenophobic, unkind, or inflammatory rhetoric will not be tolerated.

Given the number of Canadians in this community talking daily about the problems in Canada, struggling with extended unemployment, and applying to hundreds of jobs without anything to show for it, we should have no trouble finding people willing to do something about it.

If you want to see something change, then step forward and volunteer, bringing whatever skills and experience you have. I don't have all the answers or solutions and can't move forward on this without your help. This is about us all being part of the solution together.

Are you ready to commit and take bold, meaningful, peaceful action towards fixing what's broken in Canada?

NOTE: If you're mod of another Canadian community and want to collaborate, speak up and let's connect.

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EDIT: If for some reason, this community or my account go silent, you can reach me at canadianjobscommunity@gmail.com and I assure you that would only inspire me to further action. I am in good health and have no thoughts or ideation around self-harm.

u/BigPlunk — 20 hours ago

RRSP guidance

Hi guys,

Hoping you can help as ​th​e a hole mods at personal finance Canada deleted my post.

I've tried to educate myself on RRSPs as much as possible but I found myself questioning​ if it's right for me.

I live in Ontario, am 35. I earn $57,000 a year and my wife earns $62,000.

I've been maxing out my TFSA for years and will continue to. I've invested a good amount (not maxed out) in my RRSP.

I've read that ​RRSP is better for high income earners. I also know when you withdraw your RRSP it is taxable but I didn't know about how that works (the up to 30% tax withholding) ​until I started reading more today.

  1. ​I am confused about the tax withholding ​despite trying to read about it. When I retire, I obviously ​anticipate having over $15,000 (hence 30% taxes) in my RRSP. Let's say I retire at 65 and I have $100,000 in my rrsp and I want to withdraw all of it at once (I'm aware you can withdraw it in sums over years), the bank holds back 30% which is $30,000, how much of that do I get back in my tax refund? In all my years of filing taxes, I've never owed money and I have one employer and no side gigs or other revenue streams. Would I get the full $30,000 back?
  2. Is contributing to my RRSP of value in the meantime? I understand it's non taxable right now and therefore better than a non registered account but is it doing much for my tax bracket? I'm not anticipating earning more than $65,000 in my working life.

Thank you so much!

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u/FullHeight5586 — 15 hours ago
▲ 2 r/CanadaFinance+1 crossposts

20yr old investing - FHSA advice

I already have a TFSA ($21K) and have some extra savings I would like to invest, but my TFSA contribution limit has been reached. I did some research and learned about an FHSA but don't really understand the "rules" of it.

My biggest questions:

  • Should I just deal with this myself or go to a main bank (TD, RBC, CIBC etc.)?
  • Should I be investing in ETF's and such within the FHSA? (I'm probably going to be moving out/investing in a home in about 5-6 years so I want to be considerate of that timeline?

I would honestly appreciate any advice or just someone's experience with this sort of stuff! Thanks in advance!

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u/Outrageous-Candy-681 — 20 hours ago
▲ 0 r/CanadaFinance+1 crossposts

First time home buyer in GTA

Hi everyone, my fiancé (26) and I (27) are planning to purchase a home this year. We’ve gotten a pre approval done and working with a realtor. Planning to use most of our cash for the down payment but may need to dip into RRSP or TFSA. Also maxed out our FHSA accounts which will be used towards the down payment. The down payment will be about 25% of a 850-950k home. The home will be purchased in the GTA if that matters.

What would you recommend to use for the rest of the down payment between our TFSA / RRSP? Both are healthcare workers and both have HOOPP pensions. I’m aware of the RRSP home buyers plan but have seen mixed reviews about using this.

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u/iamjpow69 — 19 hours ago

Best RESP Provider

Could you please recommend the best RESP providers. We were with CST savings for about 4months but we recently paused it after seeing a lot of negative reviews about them. I understand that we should have done our research before starting with them.

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u/bookee_123 — 1 hour ago
▲ 0 r/CanadaFinance+1 crossposts

GIS retroactive payment showing high income - impact on future GIS and tax credits?

Hi, I’m helping my parents with their taxes and just want to confirm I’m understanding this correctly. They both receive OAS and GIS, along with very small income from CPP and a bit of interest. In 2025, their total income shows around $28k-$29k, but this is mainly due to a GIS lump sum (retroactive payment from 2024). From what I understand, GIS is non-taxable, and their actual taxable income is still very low (around $2k-$4k). I just want to ask if this lump sum will affect their future GIS payments, and when claiming a parent as an eligible dependant (line 30400), should I ignore GIS and only consider taxable income? Also, is this something CRA might question or reassess? Thanks!

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u/mrPringl3s — 21 hours ago

Mortgage Application

Does the property type affect how much mortgage I qualify for? If I’m pre-approved for $X for a condo, would I get approved for more for a townhouse since there’s no maintenance fee?

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u/M-Sear — 18 hours ago

Explanation regarding interest

Hi got the following updated from td regarding my aeroplane. What does this mean? please also give an example

Current

The total of the above calculation is the amount of interest we charge on the last day of each statement period.

New

Before July 2, 2026: The total of the above calculation is the amount of interest we charge on the last day of each statement period. Effective July 2, 2026: The total of the above calculation is the amount of interest we charge on the last day of each statement period. We add the unpaid interest charge to your Balance at the end of the statement period. As a result, we charge interest on unpaid interest.

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u/AdmiralAthrun — 13 hours ago
Week