Your Money

Critical to building a credit history, credit cards are a rite of passage into financial adulthood. Even if you’re debt-phobic or have heard too many horror stories of people maxing out their cards, you can’t skip this step.

Two years ago, Ihor Weryha finally felt ready to retire. The Mississauga, Ont., resident had spent 40 years working in the petrochemical industry, most of which had been evenly split between two companies.

TORONTO — In a world of sky-high home prices and rising cost of living, many parents are inclined to financially help their adult children.

TORONTO — Both a little opaque on how they’re calculated and sometimes painfully clear in what they say, credit scores are an unavoidable part of any borrowers’ life.

When asking for a raise, it’s tempting to acknowledge the elephant in the room — the surging cost of living brought on by inflation and interest rate hikes that have hammered household budgets.

TORONTO — As many Canadians try to squeeze every last dollar out of their budget to cope with the soaring cost of living, financial experts say cutting expenses to the bone is not always a viable option and they should instead focus on increasing the

The world of investing can be intimidating to Canadians who have limited knowledge on the subject and don't know where to start.

TORONTO — Roses are red, violets are blue, florists have some advice for you: If you want to save this Valentine's Day, don't choose roses for your bouquet. While roses tend to be the flower of choice come Feb.

A massive financial shift is set to take place in the coming years as baby boomers pass their assets down to the millennial and gen Z cohorts. But many parents aren't preparing their adult children to handle that wealth.

OTTAWA — RRSP loans might be a tempting option for Canadians looking to top up their retirement savings this year, but financial experts urge caution for those thinking about borrowing to invest.