Good morning. Your money faces more threats than you might think — from mortgage fraud to tax debt to what happens when digital payments suddenly go dark.
On The Money Today:
She handed over $85,000 to refinance her mortgage. The money vanished
Can bankruptcy erase your CRA tax debt? The answer might surprise you
Sweden's central bank just told its citizens to keep cash at home — why Canadians should pay attention
Let's get into it.
Randee Solomon was trying to save her family home. She pulled together $85,000 and handed it to someone she believed was a licensed mortgage professional. The money never reached her mortgage — and now her home is facing foreclosure. Here's what went wrong and how to protect yourself before signing anything
SPONSORED BY Simplii Financial
If you're looking to open a new bank account or to switch banks, consider maximizing a bank promo offer. Check out current bank promo offers or consider setting up a no-fee daily account using the Simplii Financial No-Fee Chequing Account.
Earn $300 and a $50 Skip gift card.† Open a No Fee Chequing Account and set up an eligible direct deposit of at least $100 for 3 straight months. Offer ends March 31, 2026.
†Terms and Conditions Apply.
For Canadians drowning in tax debt, bankruptcy can feel like the only way out. But the rules around what the CRA can collect are more complicated than most people think — and the exceptions could cost you. Here's exactly what you need to know before making any decisions.
Sweden — one of the world's most cashless countries — just warned households to keep enough cash for a week of essentials. Canada isn't far behind, with digital payments making up 86% of all transactions. One cyberattack, outage or geopolitical shock and most Canadians couldn't buy groceries. Here's exactly how much cash to keep at home and what else to own.
MORE FROM MONEY.CA
BUDGETING: A U.S. political scholar 'fled' to Canada to escape Trump — and discovered Vancouver costs more than Los Angeles. Here's the real comparison
STOCKS: Most Canadian investors are overexposed to Canadian stocks without realizing it. Find out if your portfolio is quietly losing ground
RETIREMENT: Low cost of living, high quality of life and endless sunshine — these are the best countries to retire to in 2026
ECONOMY: The Iran war isn't just a geopolitical crisis — it's showing up in your grocery bill right now. Here's what's driving up the cost of your weekly shop
That’s it for today. See you soon with another quick roundup of the financial news that matters.