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AIR MILES Is Gone. Here's What Actually Earns You Travel Now

  If you've been holding onto a Air Miles card waiting to redeem for a flight, the program you signed up for doesn't exist anymore — and the cards that replaced it aren't the best game in town. If you searched "best AIR MILES credit card" and landed here, there's something you need to know first: there is no such thing anymore. AIR MILES, the loyalty program that's been part of Canadian wallets since 1992, officially became BMO Blue Rewards on June 2, 2026. BMO had already stopped issuing new AIR MILES cards back in January, and every collector's Miles converted automatically into Blue Points at a rate of roughly 1 Air Mile to 15.79 Blue Points — no action needed, no lost value. That's good news if you're a longtime collector sitting on a pile of Miles. It's less good news if you were hoping to earn free flights that way going forward, because Blue Rewards was built to compete with PC Optimum and Scene+ — grocery, gas, and everyday spendi...
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Retirement in Canada 2025: Chasing the $1.54 Million Dream

 


How Much Do You Need to Retire in Canada in 2025?

Retirement planning in Canada has taken on new urgency in 2025, as inflation, housing costs, and longer lifespans reshape financial expectations. According to the latest BMO Retirement Survey, Canadians now believe they need $1.54 million to retire comfortably—a slight dip from 2023’s $1.67 million estimate, but still a steep climb from previous years.

Key Insights:

  • Couples aim for $1.54 million for a 25-year retirement.
  • Individuals target around $810,000.
  • RRSP contributions have surged to an average of $7,447 per year, a record high.
  • 76% of Canadians worry they won’t have enough saved due to inflation.

Popular Retirement Rules:

  • 70% Rule: Aim to replace 70% of your pre-retirement income annually.
  • 4% Rule: Withdraw 4% of your savings each year to preserve your nest egg.
  • Multiply by 25: Estimate your annual retirement needs and multiply by 25 to find your savings goal.

Income Sources to Consider:

  • Canada Pension Plan (CPP) – starts at age 60
  • Old Age Security (OAS) – begins at 65
  • Guaranteed Income Supplement (GIS) – for low-income seniors
  • RRSPs and RRIFs
  • Employer pensions and non-registered savings

Ultimately, retirement goals are deeply personal. Your lifestyle, location, health, and debt load all play a role. But with rising costs and longer retirements, Canadians are saving more aggressively than ever—and rethinking what “comfortable” really means.

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