r/CanadaPersonalFinance

For me, i try to limit it to once per week. But some of my co-workers are eating out 5 times a week.

I think that's a crazy waste of money? And downtown food spot prices are sooo high. Thoughts?

Curious what actually makes a difference long term vs what just sounds good at the time. What ended up mattering way more than you expected?

For me, I'd say at least 25%. Some of them overspend like crazy

What do you guys feel about the Canadian spring real estate market this year?

Do you think it's going to be busy this year? Do you think there will be net more buyers? Or more sellers?

Hi, I have 4 contractors working for me - what are the late filing penalties for the T4A slip in total ? Is it $100 per slip or $100 total?

Thanks !

I have used Wealthsimple to invest in 3 shares of dollarama, $300 worth of bitcoin, and $100 worth of ethereum since September. So far, I’ve lost $117.81 (—37.29%) on bitcoin, and $31.65 (-31.65%) on ethereum. The dollarama stocks are now down $56.73, so I’ve lost a total of $165.78. I’m told that the winter normally loses money, and that it’ll rebound in spring/summer. Should I buy more or should I sell? What would be the best decision?

living at home is not an option.

my main questions:

1. whats a reliable resource for learning about student loans?
2. can i take out a student loan before entering university? if i'm planning to secure a place by june, when should i take this loan out? when am i supposed to pay it back?
3. can i immediately pay off a student loan as soon as i have the money or do i need to pay it in increments?
4. are there different kinds of student loans? which one is the best?

i'll (18F) get about 14k in OSAP, so i was planning to use the remaining amount after tuition (9k) to pay rent. rent is about $700-950/month including internet+utilities+parking, and i'm only planning to take out the student loan beforehand so i'm able to pay off september while OSAP is still processing. once the first wave of OSAP ($4500) comes in, i'll immediately pay for the next four months of rent. i will do the same for the second wave of OSAP ($4500) in january. that would leave me with about $700 in spending money, where i'll probably be using "too good to go" and "karrot" 24/7 to minimize grocery and other essential costs.

my goal is to work during uni + obtain at least a 10k scholarship per year in order to graduate with minimal debt. i'd also like to try and max out my TFSA as well.

i'm very new to this entire process and i would like to navigate it in the best way possible. i am very open to any constructive criticism and would greatly appreciate the help 🙏 thank you so much

Do you think condo prices are going to rise this year?

I'm in Toronto, and my friends who bought an investment condo think they're going to rise this year. Thoughts?

Im a 32F and I’m relatively new to investing — I completed my schooling and started my career at 27yo (Oct 2020), purchased a house with 20% down with my husband in Aug 2023 (withdrawing ~30k from my RRSPs — to start repayments in 2029) and just paid for our wedding in Dec 2025.

I now feel like I have extra funds to start investing for long term growth. I am a health care professional (chiropractor) who is self employed, thus no pension, RRSP matches, company stock options, etc. I currently have only $13k in my RRSPS but I’ve started investing between $700-1000/month starting back in Feb 2026. I’d love for it to be more, but I am also currently saving for opening my own practice in July 2027 (thus, need more liquid short-term savings).

Most of the 13k is in SPY and a small portion in RBF619 (I’ll be honest — this is my brothers doing, I had/have no clue about investing and just had him put the money into something by relatively low-moderate risk).

I’m looking to start investing more into XEQT to diversify into Canadian and international markets (as well as US, of course). Should I start putting money only into XEQT? Would it also be advantageous to sell some SPY shares and buy into my XEQT — so my portfolio is ~70-80% XEQT, 15-20% SPY and remainder in the RBF619? Just curious what the best options would be more long term growth for retirement!

Seems like everyone's taking the safe route.

Like: Everyone's just locked in to the school, entry level job, work your way up pipeline. No real innovation or entrepreneurship these days