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How Canadian Savers Can Protect Their Money in 2026

As 2026 unfolds, Canadian savers are navigating a financial landscape shaped by falling interest rates, persistent living‑cost pressures, and evolving tax‑advantaged opportunities. Experts say this is the year to be intentional, strategic, and proactive with your money. Reevaluate Your Savings Accounts Interest rates have been trending downward, and many high‑interest savings accounts have quietly reduced their payouts. GIC rates remain more stable, but they too are expected to soften as rate cuts continue. What to do now: Check the current rate on every savings account you hold Compare alternatives and switch if your rate has dropped significantly Consider laddering GICs to lock in competitive yields while they’re still available Make the Most of Your TFSA The Tax‑Free Savings Account remains one of the most powerful tools for Canadians. With annual contribution room increasing over time, it’s an ideal place to shelter both short‑term savings and long‑term investments. Why...
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Ontario Caps Daycare Fees at $22 for Children Under 6

 


In a significant move to make child care more affordable, the Ontario government has announced that starting in January 2025, parent fees for children under the age of six in Canada-wide Early Learning and Child Care (CWELCC) programs will be capped at $22 per day. This fee reduction is expected to result in additional savings of nearly $300 million in 2025 for families.

The new funding model also introduces a cost-based approach for operators in the CWELCC program, prioritizing stability and predictability. Families facing the highest fees, particularly those with young children in less affordable communities, will see the largest fee reductions.

This initiative aims to provide more stability and predictability to child-care centers, ultimately helping reduce lengthy wait-lists and supporting parents as they enter the workforce with peace of mind.

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