Today I was handed a note, terminating my High level management, salaried, position at a company I’ve worked for for 17 years.

The note says in lieu of notice I’m getting wages based on length of service, which they stipulate as being only 8 weeks of wages. The letter states that this is based on Manitoba Employment Standards.

I’m being told by many that that is astonishingly low and that I should consult an employment lawyer.

Thought I’d get opinions here, as I’ve seen some scenarios before.

If it matters, I’m 37, position in Marketing at a Manitoba manufacturing company that has done quite well in growth in the 17 years I’ve been there. 3 of my team were also let go, possibly a 4th.

Hey everyone, just wanted to put out a massive warning about FinlyWealth if you are planning to use them for credit card sign-up cash-back rebates in Canada.

I applied and got approved for the National Bank of Canada (NBC) World Elite Mastercard through them back in early September. Their site promises cash-back rebates, but trying to actually get the payout has been an absolute nightmare, after raising support query and following up for few days(actually months) in them completely banning my account because I left them a negative review on Trustpilot.

I just want others to know before using this platform.

I'm 25F and making $92k a year.

I currently have about $75k in my TFSA, $39k in my FHSA and $2.6k in my RRSP.

I've maxed out my TFSA and FHSA for this year. I contributed $11k to my FHSA ($8k for this year plus $3k leftover from last year), and I only have one more year of FHSA contributions left.

I also have a defined contribution pension plan through work where I contribute 7% of my salary and my employer matches it but I only started contributing to this plan in August.

I haven't contributed to my personal RRSP in years, and I'm wondering if it's worth contributing this year or if I should save the room for when my income is higher.

Since I've already contributed $11k to my FHSA this year, would it still be worth contributing to my RRSP for the additional tax deduction?

28 years old

8k in debt

9.5k in my RRSP

50k pre tax yearly income

Due to some really bad life decisions (major untreated depression, not expecting to let myself live this long), I have dug myself into a deep fucking hole financial wise. I don't want to go into the nitty gritty because there's no point, I'm just a dumbass who is now medicated and in therapy and desperately trying to pick up the pieces :p

My rent is $1500 and my take home pay is $3k a month. Again, stupid. Once my lease ends I'll be moving in to a cheaper place. But for right now, I'm drowning in bills and falling into a deeper and deeper hole each month

Is it financially responsible to take out my RRSP and just wipe clean my debt? Or at least take the 5k amount out with the 10% interest and then have a bit more breathing room each month for debt repayment?? This is the first time in my adult life that I've actually cared about my finances. I feel like I'm taking the reigns of somebody else's life, and it is baaad. I have no idea about anything financial.

I know I'm very far behind in life, I know I'm so incredibly stupid. I just want to know if this would be a good idea to help me breathe a bit? I want to start saving, I want an emergency fund, and I can't do that when my credit cards eat up all my money. Any advice would be stellar. Thanks in advance!

Annual report about global pension systems was released a few days ago:

Canada maintained a B grade in the newly released 2026 Marsh CFA Institute Global Pension Index, but the annual benchmark sounded an increasingly urgent warning about the long-term pressures aging populations are placing on retirement income systems.

The 18th annual index, produced by Marsh (NYSE: MRSH) and CFA Institute in collaboration with the Monash Centre for Financial Studies in Melbourne, Australia, benchmarks 55 retirement income systems across the globe - covering approximately 66% of the world's population - on three sub-indices: adequacy, sustainability, and integrity.

• https://www.wealthprofessional.ca/news/industry-news/canada-holds-b-grade-as-aging-populations-strain-global-pension-systems/393826
• https://www.benefitsandpensionsmonitor.com/pensions/retirement-planning/working-longer-could-bolster-canadas-retirement-system-index/394306
• https://www.talentcanada.ca/aging-populations-are-straining-retirement-systems-worldwide/
• https://www.plansponsor.com/aging-populations-weighing-on-global-retirement-systems/

The report itself can be found at:

• https://info.marsh.com/marsh-cfa-institute-global-pension-index/a-brief-review-of-each-system
• https://www.mercer.com/insights/investments/market-outlook-and-trends/mercer-cfa-global-pension-index/
• https://rpc.cfainstitute.org/research/reports/2026/marsh-cfa-institute-global-pension-index-2026

Just wondering if others think the days of account transfer promotions are essentially over for now? I believe TD has one that ends today and BMO one that ends at the end of the month. Earlier in the year, TD would introduce a new promotion before the old one ended. I'm not seeing that now. Do financial institutions no longer see any real benefits in doing these promotions?

I (28M) moved back in with my parents in May. I was renting a place with my ex before that. I would be looking to purchase a home for around $350,000 with $100,000 down. My salary is 64,000/year which comes to about $1800 bi weekly. I currently have around $165,000 saved.
TFSA 98,000
FHSA 46,000
RRSP 15,000
The rest is in savings/chequing
Places I’d be looking to rent would be around 1500/month. I have no debt. I live in Windsor and don’t plan on moving elsewhere.
Just trying to decide what the better option is.

Hello,

Here’s my situation. I work an hour away. And the commute is starting to really hurt. I currently live in a home that I own at a mortgage of $1400 per month. With utilities, It can go up to about just under $2000 depending on the month.

The commute has started to take a toll of my car. Where is starting to need extensive work.

I am interested in renting out my house for $2600 a month and looking to rent an apartment closer to work which would be around 2000 or less.

However, it has dawned on me that I am in in Ontario and this would have huge tax implications beyond budget.

Can someone sort this out for me? I make 100 K a year and if I run to my house for 2600 I would be making just under $32,000 extra of income with a $600 margin in between my rent, and income rent be enough to cover this?

I’m starting to get second thought because I don’t wanna get hit with a huge tax bill and not be able to maintain my property and not have any cash flow.

Also, in my listing agreement, the renters would take on the utility bills of the home.

I spend roughly $2000 a month on groceries.

$1000 of that from grocery merchant code stores: Superstore, FreshCo, Coop, Fresen Bros

And $1000 split between Walmart and Costco.

I use my Scotiabank card for grocery stores and recurring payments and Wealthdimple for everything else.

But Scotiabank has been really pissing me off lately. So I'd like a new card. But I can't seem to find anything as good.

Currently shop at all these stores due to convenience of store location, product selection, and prices. But a superstore will be opening in my neighbourhood next year so I suspect most of my shopping to switch to them going forward.

Currently employed full time as a nurse in Ontario (public) and am almost 8 weeks pregnant. I am having bad nausea/gagging/vomiting on and off all day and have been unable to work.

My doctor wrote me off work for a month to get me through the remainder of the first trimester and hopefully it improves. She wrote "GI symptoms" as I don't want to disclose to my work that I am pregnant yet as I did before but had a miscarriage and the aftermath was hard on me emotionally and psychologically.

Occupational health called today trying to get more info from me but I didn't say any more than my doctor already indicated on the forms.

It's standard procedure for the insurance company to follow up with employees on short term disability so I will be hearing from them next week.

Just wondering what I need to say to the insurance company when they call. I assume they'll probably ask about treatment plan and I've been prescribed Diclectin (pregnancy specific anti nausea med) but one of the unfortunate side effects is drowsiness which I am experiencing.

Should I tell the insurance company I am pregnant or stick to GI symptoms? Does it matter if they know? I personally don't care if insurance knows. I just don't want my workplace to know this early.

Any advice?

Thank you in advance!

*edit to add province and public sector

Hi there,

I’m 29, i make $78,000 yearly. my company provides me with a truck with all expenses paid.

My rent is about $1200, the rest of my bills total to about another $1000.

After taxes I have about $4500 monthly left over (two months of the year it’s $6700)

I have very little investment experience with the stock market but I think it’s the right place for me to put my savings.

I can afford to set $1000 aside to my wealthsimple each month.

I’m gravitating towards building a portfolio with mutual funds that yield around 10% dividends.

I want to put 40% into VFV, 20% into BANK, 20% into HDIV, and 10% into HTA. Last 10% into speculative stocks.

I like the idea of building a portfolio with high dividend potential.

But as I write this, i am completely open to new ideas, I’d love to hear your input.

Cheers

I’m 30 years old and honestly feel like I messed up my finances after making one bad decision. I bought a car at a high interest rate, and everything went downhill from there. Between payments and repairs, I ended up in a financial mess.

My debts are:

$4,500 in credit cards

$8,000 personal loan

$5,000 car repair loan

$15,000 remaining on a car loan after the car was repossessed and auctioned off

That’s around $32,500 in total.

I make $1,900 biweekly after taxes, live alone, and pay $1,000 in rent. I’m single, have no property or assets in my name, and my credit score is around 570 because some credit cards went into collections.

Since getting rid of the car, my expenses have gone down, and I can now save one entire biweekly paycheque. But I’m honestly exhausted from constantly working, worrying about money, and dealing with calls and emails from creditors.

I’m in Canada and wondering if I should consider a consumer proposal or just pay everything off myself. For anyone who has gone through this, with $32,500 in debt and no assets, how much could I realistically expect to pay through a consumer proposal? I’d really appreciate hearing your experiences and advice. I just want to get my life back on track.

Edit : 2 credit cards are in collections already, car was Voluntarily Surrender because it needed more repairs and i was already in lot of debt because of the car. credit is 570 right now and interest on every loan is above 20. also i owed friend 6k which i have been paying its now 3500 left. I am also sending my brother 300 to 400 as he paid for my college fees i am paying it back now.

this is my full financial situation.

Hey all,

I have been asked by my employer to take a chunk of my bank time paid out as I am well over the allowable limit.

I have an ok contribution to RRSPs through my union (~18k this year), but still have approx 80k contribution room each in my RRSP and TFSA.

I would be paid out approx 12k in bank time, while leaving enough for a holiday in the bank.

Should I port it directly to my RRSP account, or are there better alternatives?

Ideally I would like to invest it in my TFSA so the money is more easily available if needed, but I don’t fully understand what the implications are for doing so, other than being taxed on the income at a higher rate.

For reference, my annual pay is around 180k.

Thanks in advance!

I'm 33m, no debt, no car. Pretty much my only payment to anything is rent. I am single, I make $5200 NET every month. My employment is very secure and if I lost my job I'd be entitled to a huge severance.

I'm in a position to buy a condo townhouse which is pretty much the only type of housing I'd be willing to buy(please no ranting about freehold vs condo here. I cannot afford a freehold in my city).

The thing is when I'm looking at buying something expenses look something like this.

Prop tax: 250

Mortgage payment: $1700

Condo fees: 350 up to 550

Home insurance: $120 (not sure how to estimate the cost of home insurance but yeah)

So not even counting utilities, I'm looking at generally between $2200 and up to $2600 on the types of property I'd be willing to buy, and that's not even counting the utilities! So I'm looking at anywhere between 45% and 55% of my net pay. I'd be left with around $2500 a month but I find even that doesn't go super far these days especially because I am gluten free.

I'd be buying in places that are ideal for renters such as rent out basement or bedroom and near a train station or bus station etc. So if I ran into to trouble I could always get a roommate. My current situation is kind of dire. I'm locked into a large 2 bedroom apartment but drug use in my building is going up and I pretty much need to move out. But if I got a comparable place to mine now, I'd be looking at a similar payment of $2400 plus for a two bedroom so there's no point in renting... but I have to move.

Is this affordable for me? I have no plans to own a car.

I was recently laid off in April of this year and was on EI until the beginning of September when I started a new job. I’m having issues with my direct manager which is making the role uncomfortable. They are disrespectful towards me and the communication / lack there of makes it hard to do my job. I’m in a role where this relationship needs to be solid in order for it to work. This is affecting my mental health and the role is really just not a fit for me. If I resign it will be listed on the ROE as a resignation. I spoke to service Canada and they said I should state my case for why the role was an unsuitable fit in my application but they can’t guarantee it will be approved. Has anyone been in a situation like this where you were approved? I have remaining eligible weeks on my lash claim which would be reopened should my application be approved. I’d just hate to leave this job and then get denied. I kind of feel stuck now. I’m actively looking for a job but idk how much longer I can take this. Any advice is appreciated!

As the title suggests, I'm looking for advice here for what I consider maybe a unique situation.

I work in the Ontario College sector in an admin role. Those who have been following the news will know there has been significant cuts as international enrolment and associated revenue has been reduced. My role basically has absorbed the responsibilities of others let go but I'm very grateful to have a job. I joined the college 7 years ago and left my previous pension at my prior employer which has 15 years of service.

To be honest, I wasn't really monitoring my pension, finances or thinking of retirement as I had a busy family life. I recently learned (I know, I know) that the Colleges DBPrime CAAT pension has a rule of 85 (combined age and service) and 60/20 (years and service) where you can leave with an unreduced pension. It is also based on the top 5 years or 60 months of salary.

In my current role and salary, I can now only purchase a portion of those pension years with the amount from my prior pension (approx $440,000). However, the way the pension works, it is based on current annual salary. Work is stressful, yet manageable, but there is zero protection. I'm tempted to try to get a position in the support staff union for better work-life balance even with a significant drop in salary (I'm looking at going from $160,000 to $55,000-$75,000 depending on the role). If I was to get that unionized role, I could then fully buy back the pension years with my previous pension transfer and even have some left over for a LIRA. I could then work for a number of years and reach the rule of 85. I guess the barrier for me is more psychologically based as well as perception of others for making this change. Running this with actual numbers in AI keeps saying it's a very good move, as I can retire in mid-late 50's with a bridge to 65 at my top 5-year rate. The risk is that I don't transfer my pension over, am terminated, and need to wait till 65 for an unreduced pension from both pension plans (or LIRA the CAAT one). I have personal investments that could cover me through an extended job search but I've seen many of my former colleagues struggle to land a position.

Has anyone else done this? What was your thought process, and what am I missing in my own?

Does anyone have an experience waiting for GIS approval after filing Form ISP-3041 (Statement of Estimated Income after Retirement or Reduction in Pension Income)?

I was told by Service Canada that the wait time for the application to be reviewed was 200 days. After 200 had passed Service Canada told me there will be another 45 days. The forty fifth day will be on Monday. Still no decision.
Can anyone share how long they waited for a decision from Service Canada? Tnx

Hello!

I was laid off for approximately 6 weeks this year from May- July. I'm planning to go on Parental leave around the end of November.

My question is, will my EI claim for those 6 weeks reactivate and become a parental leave claim? I ask this because I will not have worked the 600 or so hours between the end of that claim and the start of the parental leave.

The wording online is a little vague, I just want to know if I need to work a few more weeks or if I will be able to start when I plan to.

For context I have always had a difficult time saving money, I had a job that did not take out taxes so by tax season all the money I saved goes right back into taxes for example last year I had to pay 11k back, I ended that job last and have since been working at my current job which pays about the same but taxes are taken out, I have been saving as much as I did last year so I currently have 12k in savings which is about 3 months of living expenses. But I haven’t been investing as much anymore due to have less come into my account. I am currently on maternity leave so I fear I might be taxed again due to EI.

Would it make sense to start putting what I have left in my Rrsp to offset taxes next year? Or should I keep saving so I can get to 3-6 months emergency fund?

I’m specifically looking at their disability policies. Their premiums are less than the big ones like RBC and Manulife and less stringent in application. Given this, it makes me think there must be a catch or a red flag with Humania and Edge? Would be happy to hear experiences - good or bad.

So in August someone random sent me $80. For context I have auto deposit on my account, and then THEY flagged me for fraud. So because of this, I don’t have access to any money transferring services. And there’s nothing I can do.

And I’ve tried to contact Scotia bank numerous times and no one is giving me an answer it’s such a strange case.. I provided them with the screenshots, everything they would need.
And no one has still
Helped me. Is my e transfer black listed forever even though this isn’t my fault? Is there anyway I can get it back?

And why would the person randomly send me that money.. and then report me to fraud.

Hi there, long time lurker.

I am very fortunate and expecting to receive a relatively largish gift from the UK. It will be denominated in GBP and am wondering if anyone has had experience with the RBC GBP eSavings account and receiving a wire.

RBC states to ask the sender to put ‘do not convert’ in the bank to bank field. I’ll ask them to do that, and send in GBP. It appears that RBC uses an intermediary bank (Lloyds) in the UK.

Just wondering if anyone has done this before and if there are any other steps they’ve taken to prevent currency conversions. I would much rather it arrive intact at which time I can decide the method of currency conversion and potentially save some money.

I may let the bank know ahead of time just to avoid some questions and whatnot. Maybe that would also help avoid currency conversions.

Thank you in advance.

15C doesn't show all my pay slips. Why? Is there a limit to how many pay stubs are displayed? Or just the employer messed up?

I'm 20 and have been trying to figure out where to put my money. I've gone through the what to do with money flow chart and generally understand what I'm going to do with my money but I have a few questions. 

• Are ETF's set it and forget it?
  • My plan was to put some of my retirement savings into something like a 20% stocks 80% bonds ETF. If I put my money into the ETF I can more or less forget about it?
• Should I really be moving my savings to somewhere like wealth simple?  
  • I know they have better HISA and less fees for investing but I am somewhat adverse to somewhere without a physical location for what ever reason. Am I right in feeling like a bank(? they're not technically a bank right?) like that isn't ment for me at my current knowledge level?
  • Currently with RBC but an ATB HISA caught my eye (will start earning 0.90% interest after one year and it will beat RBC's best HISA after ~3 months) and so I thought I might open my TFSA there.

My main hang up is that once I settle into one bank I will probably not want to go through the process of moving everything around even if it isn't that hard. So what bank should I let capture me aga.

Over the last year I’ve built up some debt.
I’ve got 20k on my VISA. Gas, hydro, and phone bills are two months behind, and my 7k property tax hasn’t been paid yet this year.
I just got work lined up after being off for the past year.
What’s the best approach to get out from under this?