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CRA says it's ready for tax season after services revamp | Advisor.ca Hiring of additional 1,500 call centre workers also under way

https://www.cbc.ca/news/gopublic/go-public-financial-fraud-protection-tips-1.7577719

Bank fraud is a significant concern in Canada, according to the Canadian Anti-Fraud Centre. Every week, Go Public hears from people whose accounts have been emptied by fraudsters using everything from phishing emails and fake banking apps to phone spoofing, hacked passwords and unauthorized e-transfers.

All too often, investigations by financial institutions end not with accountability, but with banks blaming the very customers who trusted them with protecting their money.

"Banks appear to be protecting themselves and their own reputations, rather than trying to remedy a situation."

As banks blame customers for costly fraud, cybersecurity expert offers 5 tips to protect yourself | CBC News Cybersecurity expert Claudiu Popa says financial institutions could do much more to protect customers from bank fraud in Canada. He urges people to follow these five tips to protect themselves.

An article has been posted to:
https://www.fa-mag.com/news/high-earning-women-are-slow-to-invest--capital-group-survey-says-82945.html

Women who earn more than $200,000 per year are far slower to invest than their male peers, with just 30% investing in their 20s compared to 61% of men, a Capital Group survey found.

And while women today represent half the U.S. population and control one-third of household financial assets, they’re 40% more likely to wait until after the age of 35 to begin investing..

Capital Group surveyed more than 1,500 consumers in October 2024, of whom more than 800 were women. To qualify, participants had to be between 22 and 78 years old, with some influence on financial decision-making in their household and at least one investment account. They also had to meet a minimum level of assets depending on age.

The survey found that women who have financial advisors report feeling more prepared, relaxed, satisfied and secure around their finances compared to women who do not have an advisor. And while the cost of advice is initial a top concern, high-earning women consider advice a necessity well worth the expense.

Cherryfinancial.ca

High-Earning Women Are Slow To Invest, Capital Group Survey Says Just 30% of women earning more than $200,000 invest in their 20s, compared with 61% of men.

SASKATCHEWAN BLUE CROSS UNVEILS HEALTH PLAN

An article has been posted to:
https://www.insurancebusinessmag.com/ca/news/life-insurance/saskatchewan-blue-cross-unveils-retiree-health-plan-539024.aspx

The offering does not require medical questionnaires and does not exclude coverage for pre-existing conditions. Coverage includes virtual consultations with nurse practitioners through Cleveland Clinic Canada, up to 20 counseling sessions via the Individual Assistance Program with Homewood Health, and additional support in mental health, smoking cessation, and preventative care.

Other features include up to 65 days of travel protection per trip with $5 million in emergency medical coverage outside Saskatchewan or Canada. Prescription drug benefits cover a range of medications, including vaccines and Exception Drug Status (EDS) drugs. Eye exams, physiotherapy, counseling, and other extended health practitioner services are also part of the plan.

Optional dental coverage is available, with the ability to opt out, particularly for those already eligible under the Canada Dental Care Plan.

“Retirement isn't a one-size-fits-all journey, and your retirement health plan shouldn't be either,” said Kelly Wilson, president and CEO of Saskatchewan Blue Cross.

Cherry Financial.ca

Saskatchewan Blue Cross unveils retiree health plan Over 135,000 individuals are expected to retire over the next five years

CANADIAN HOUSEHOLDS END FIRST QUARTER WEALTHIER

An article has been posted to:
https://www.wealthprofessional.ca/news/industry-news/canadian-households-ended-first-quarter-wealthier-despite-headwinds/389446

Against the backdrop of economic uncertainty and market volatility ahead of Trump’s tariffs, the net worth of Canadian households still advanced by $141 billion or 0.8% to $17.6 trillion. It was the sixth consecutive quarterly increase, although at a slower pace than the 1% of the fourth quarter of 2024.

The Statistics Canada data shows that the wealthiest 20% of households held over two-thirds of financial assets (68%) and over half of real estate (51%).

Financial assets increased by 0.9% or more than $97 billion (to $10.9 trillion) even as equity markets weakened – the S&P/TSX Composite Index grew by just 0.8% after a strong second half in 2024, while the S&P 500 Index was down 4.6% by the end of the quarter.

The value of non-financial assets rose for the second consecutive quarter to reach $9.8 trillion in the first quarter, primarily due to higher residential real estate valuations (+$47.3 billion). But the value of residential real estate increased by only 0.6% in the first quarter of 2025.

Cherryfinancial.ca

Canadian households ended first quarter wealthier, despite headwinds Market volatility and economic uncertainty aside, total assets grew again in Q1