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Canada’s New $10 NSF Fee Cap Takes Effect, Cutting Costs for Millions

  The federal government is capping non-sufficient funds fees at $10 starting March 12, reducing charges that can reach as high as $50. New federal rules now cap non-sufficient funds (NSF) fees at just $10, offering major relief to Canadians who previously faced charges as high as $50. The changes, which took effect March 12, 2026, also limit how often banks can apply these fees and protect consumers from penalties on very small shortfalls.  A Quick Look at the New Rules NSF fees capped at $10 for personal deposit accounts nationwide. No more than one NSF fee can be charged within two business days for the same account. No NSF fee allowed if the account shortfall is under $10 . Previous NSF charges could reach $48–$50 , making this a significant reduction. Why This Matters The federal government introduced these rules to ease financial pressure on Canadians, especially those living paycheque to paycheque. With more than one-third of Canadians incurring NSF fees ...
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TTC Strike Averted: Framework Agreement Reached Between Union and Management

 

In a last-minute development, the Toronto Transit Commission (TTC) and the Amalgamated Transit Union (ATU) Local 113 have reached a “framework settlement,” effectively averting a planned strike. The agreement comes after intense negotiations and addresses critical issues such as job security, protections against job outsourcing, and benefits for active members and pensioners.

The TTC’s buses, streetcars, subways, and Wheel-Trans vehicles will operate normally on Friday, providing relief to the city’s 1.3 million transit users. However, the finalized details of the framework remain undisclosed, pending further work and ratification by union members. The mood at the bargaining table has been one of frustration, with the union emphasizing the need for progress and alignment with transit delivery goals.

While the strike has been averted, the TTC’s role in delaying the framework agreement has drawn criticism. Transit riders can breathe a sigh of relief, but the focus now shifts to ensuring a fair and reasonable contract for all parties involved.



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