For most goods bought online in Canada, the GST/HST rate is the rate of the province or territory where the goods are delivered or made available. A seller in Manitoba who ships a laptop to Halifax charges Nova Scotia’s 14% HST, not Manitoba’s 5% GST plus 7% retail sales tax. If the buyer picks the…
How much income you need to buy a house in Canada depends on the province. A typical home in New Brunswick and a typical home in British Columbia are not the same purchase, and the mortgage stress test treats them that way. This page uses July 2026 typical-home (benchmark) prices, then estimates the gross household…
Compound interest is interest earned on both the original amount of money and on the interest that has already been added to it. In plain terms, it is interest on interest. This mechanism produces growth that accelerates over time because each period’s interest becomes part of the base for the next calculation. Consider a basic…
Things in Canada still cost more than they did a few years ago. They are just not going up as fast. In July 2026, the average price of everyday stuff was 3.0 percent higher than in July 2025. In June, it was 2.8 percent higher. That comes from Statistics Canada. That 3 percent is the…
A product can cross multiple borders before it reaches the person who buys it. Its raw materials may come from one country, its components from several others, its final assembly from another, and its journey to consumers may pass through ports, warehouses, distributors, and transportation networks spread across the world. That interconnected system is a…
Economic inequality is often described as a gap between rich and poor. That is true, but incomplete. The deeper issue is how differences in income, wealth, education, health, location, family background, and economic opportunity interact over time. A household with a higher income can save more, acquire assets, withstand an unexpected expense, invest in education,…
Cryptocurrencies are digital assets that use cryptography and typically operate on distributed networks. Many are designed to function as a medium of exchange or store of value. Unlike traditional currencies issued by governments and managed through central banks and commercial banks, many cryptocurrencies operate on distributed systems that do not rely on a single central…