Financial Literacy

Please review each article prior to use: grade-level applicability and curricular alignment might not be obvious from the headline alone.

PWHLPA president Stacey says salary leak ‘a shock’ but may help players push for more

Daniel Rainbird, The Canadian Press 5 minute read Preview

PWHLPA president Stacey says salary leak ‘a shock’ but may help players push for more

Daniel Rainbird, The Canadian Press 5 minute read Tuesday, Apr. 28, 2026

MONTREAL - Laura Stacey was caught off guard when PWHL player salaries leaked last week.

Now she hopes the added transparency helps players seek better contracts moving forward.

Stacey, the president of the Professional Women’s Hockey League Players’ Association, addressed the situation Tuesday after The Hockey News published salaries from the 2024-25 season, despite the union voting last summer to make that information available only to players and agents.

“It is amazing for the players that our salaries are public so that one another can help each other, especially in terms of expansion and signing new contracts and free agency,” the Montreal Victoire forward said after practice at Verdun Auditorium. “With that being said, we voted on it to be public for our eyes and for our agent's eyes only, so I think that was a bit of a shock for us and not something that we necessarily wanted, or the way we wanted it to come out.

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Tuesday, Apr. 28, 2026

U of M tuition poised to climb four per cent

Kevin Rollason 4 minute read Preview

U of M tuition poised to climb four per cent

Kevin Rollason 4 minute read Friday, Mar. 27, 2026

University of Manitoba students are facing the highest tuition hike in years.

Prabhnoor Singh, president of the University of Manitoba Students’ Union, said the province’s decision to allow post-secondary institutions to increase tuition by as much as four per cent will put a huge burden on students who already struggle to make ends meet.

“Why is this being allowed?” Singh said on Friday.

“It’s crazy for an NDP government to do something like this. Students are already having to make sacrifices. They are deciding between putting food on their table or buying textbooks, paying for tuition.”

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Friday, Mar. 27, 2026

Education taxes not a ‘hot mess’

John R. Wiens 5 minute read Saturday, Mar. 21, 2026

While I mostly agree with Dan Lett’s analysis (Councillors brace for impact when provincial education property tax hikes hit mailboxes, March 19), there are some significant reasons to challenge his statement about education funding being “a hot mess.”

As for the suburban councillors’ despondency, I find it hard to be sympathetic. My experience has been that most homeowners, even if they do not understand fully the purposes of all property taxes, do understand that some of them go to fund city services and some to the school division they live in. This has been made clear repeatedly by the separation of the taxes on the tax notices.

In my view, councillors should be pleased that some citizens might actually consider them an essential part the adequate funding of children’s education. The issue is not, as implied, lack of accountability or ownership — nothing is hidden and trustees are quite willing to take credit for their decisions. The councillors’ complaints seem more self-serving than conscientious leadership.

What is a hot mess is what the current government was left with at the end of the last Conservative era, akin to what they were left with after the previous one — the Conservatives would do well to rethink several aspects of their political strategies. Manitobans have repeatedly let them know that they are less concerned about tax savings than they are about support for public education.

Gas pains: soaring prices due to Mideast conflict could lead to energy turning point in Canada

Dan Lett 9 minute read Preview

Gas pains: soaring prices due to Mideast conflict could lead to energy turning point in Canada

Dan Lett 9 minute read Friday, Mar. 20, 2026

Veteran actor Billy Bob Thornton may seem like an unlikely source of wisdom about the world’s relentless dependence on oil. Then again, it would be hard to find a better, more poignant description of the global addiction than a diatribe he delivered in a recent episode of Landman, a melodrama set in the Texas oil industry.

Thornton’s character, Tommy Norris, a crisis manager for a large oil company, is walking through a wind turbine farm that generates electricity to power remote oil rigs. Norris notes that over a wind turbine’s 20-year lifespan, the “clean” energy it produces won’t offset the carbon emitted in the manufacturing of its components or its installation. The same economics, Norris says, can be applied to solar panels and batteries for electric vehicles.

Then, the punchline.

“Our whole lives depend on (oil). And hell, it’s in everything — that road we came in on, the wheels on every car ever made, including yours. It’s in tennis rackets and lipstick and refrigerators and antihistamines. Pretty much anything plastic: your cellphone case, artificial heart valves, any kind of clothing that’s not made with animal or plant fibers. Soap, f—king hand lotion, garbage bags, fishing boats. You name it, every f—king thing. And you know what the kicker is?

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Friday, Mar. 20, 2026

Tough budget situation makes for difficult choices

Jesse Hajer 5 minute read Friday, Mar. 20, 2026

As Manitoba approaches its 2026 budget, we need to recognize the profound political and economic changes that have occurred since the NDP were elected in 2023, primarily tied to the Trump administration in the U.S.

Shopping bill is a good pre-emptive strike

Editorial 4 minute read Preview

Shopping bill is a good pre-emptive strike

Editorial 4 minute read Friday, Mar. 20, 2026

On the face of it, it looks like a solution desperately hunting for a problem.

But that’s sometimes the way proactive legislation looks.

As first salvos go, Manitoba’s Bill 49 should probably be viewed not an effort not to deal with an imaginary problem, but one being put in place to ensure that the problem doesn’t arrive.

What the bill does is to add individual pricing to the province’s collection of improper business practices.

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Friday, Mar. 20, 2026

Councillors brace for impact when provincial education property tax hikes crash into Winnipeggers’ mailboxes

Dan Lett 5 minute read Preview

Councillors brace for impact when provincial education property tax hikes crash into Winnipeggers’ mailboxes

Dan Lett 5 minute read Wednesday, Mar. 18, 2026

The despondency in the voices of Winnipeg city councillors Jeff Browaty and Evan Duncan was palpable.

The two suburban councillors took the opportunity this week to slam the provincial NDP government for increases in the education portion of property taxes that many Winnipeg property owners will see later this spring when they receive their tax bills.

According to Browaty (North Kildonan) and Duncan (Charleswood-Tuxedo-Westwood), even though the tax increases are mostly due to provincial policies and school division decisions, the city will end up bearing the brunt of criticism.

“I’d like to see them take accountability and ownership of it,” said Duncan, pointing south from city hall to the Manitoba legislature.

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Wednesday, Mar. 18, 2026

City councillors fear backlash over tax bills thanks to huge increases in education portion

Malak Abas 6 minute read Preview

City councillors fear backlash over tax bills thanks to huge increases in education portion

Malak Abas 6 minute read Wednesday, Mar. 18, 2026

Two councillors say Winnipeggers who experience sticker shock when they open their 2026 municipal tax bills should know who to blame — and it isn’t the city.

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Wednesday, Mar. 18, 2026

More Canadians delivering unpaid care potentially able to access multiple tax credits

Joel Schlesinger 6 minute read Preview

More Canadians delivering unpaid care potentially able to access multiple tax credits

Joel Schlesinger 6 minute read Monday, Mar. 16, 2026

The federal and provincial governments are recognizing the service of unpaid caregivers. For all the hours, days and nights of assistance (particularly involving aging family members), a host of tax credits potentially await when filing a return this spring.

“The purpose of these is really a realization that people providing this (unpaid work) have costs others don’t,” says Ryan Minor, Sudbury, Ont.-based tax director for CPA (Chartered Professional Accountants) Canada.

Many could use the tax break.

Statistics Canada points to about one in four individuals ages 15 and older providing care for family members or friends with long-term health conditions.

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Monday, Mar. 16, 2026

Senior squeeze: Many older Manitobans are in an increasingly precarious financial situation

Janine LeGal 14 minute read Preview

Senior squeeze: Many older Manitobans are in an increasingly precarious financial situation

Janine LeGal 14 minute read Friday, Mar. 13, 2026

Terisa Taylor is deemed a low-income senior, based on the federal tax bracket classification, but the numbers don’t take a full measure of the person.

At age 73, the St. Boniface resident relies on the three acronyms synonymous with aging — CPP, GIS and OAS — to make ends meet.

Manitoba Rental Assistance helps cover about half her apartment costs, but she gave up her car when it became clear it was no longer affordable.

Despite that, Taylor considers herself one of Manitoba’s more fortunate seniors since she’s able to continue to pursue a meaningful life.

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Friday, Mar. 13, 2026

Tired of theft, local businesses consider IDing customers, making diners pre-pay

Chris Kitching 6 minute read Preview

Tired of theft, local businesses consider IDing customers, making diners pre-pay

Chris Kitching 6 minute read Thursday, Mar. 12, 2026

Fed up with shoplifting or dine and dashes, the owners of two Winnipeg businesses are considering asking customers to show identification when they enter, among other extra security measures.

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Thursday, Mar. 12, 2026

Show her the money

Joel Schlesinger 6 minute read Preview

Show her the money

Joel Schlesinger 6 minute read Saturday, Mar. 7, 2026

Slogans and even legislation only go so far in a world in which cash rules everything around us.

That remains true today, especially for women on the eve of International Women’s Day, commemorating the long fight for equality, rights and liberation.

Society has made strides, including legislation ensuring women receive equal pay for equal work.

It must also be recognized — especially on the financial ledger — more work needs to be done. Financial inequality remains a glaring sore spot.

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Saturday, Mar. 7, 2026

Tories say high-earners could flee if NDP targets province’s wealthiest in upcoming budget

Carol Sanders 5 minute read Preview

Tories say high-earners could flee if NDP targets province’s wealthiest in upcoming budget

Carol Sanders 5 minute read Friday, Mar. 6, 2026

Premier Wab Kinew’s suggestion that the provincial budget on March 24 may squeeze the the “top one per cent” — the richest Manitobans — was met with both positive and negative responses Friday.

Kinew, who dropped the hint in a local radio interview without providing more details, wasn’t made available Friday to clarify who or how, “We’re going to have some help in the budget on the education property tax front, and we might be asking the top one per cent to help us out with that.”

The NDP government is staring down a $1.6-billion deficit while vowing to balance the province’s books in its first term. If the plan is to lean on some of Manitoba’s top earners, how big are those incomes, and will that drive those people away?

To get into Manitoba’s top one per cent of income earners in 2023 required an income of $235,100 or about $244,000 in inflation-adjusted terms, University of Manitoba economics professor Jesse Hajer said Friday.

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Friday, Mar. 6, 2026

Put fairness at centre of Manitoba budget

Molly McCracken 5 minute read Thursday, Feb. 26, 2026

The thousands of Manitobans struggling to pay their rent and put food on the table are looking for relief in Manitoba’s upcoming spring budget. The wealthy are benefiting from the status quo; political leadership is needed to stop rising poverty and act on the gap between the rich and the rest of us. The Manitoba government must rise to the occasion and deliver strong policy responses to provide help and relief. Inaction will only let the income gap widen further.

Closing the gap between the rich and the rest of us is not only a moral and ethical imperative; it is also key to improving overall health, reducing crime, supporting labour force participation, and community well-being. Wealth concentration undermines democracy by enabling those with means to influence government in ways that benefit themselves to the disadvantage of the majority.

Recent Canadian data show income inequality at record levels, with the wealthiest households benefiting most. According to Statistics Canada, over the past year, those living in the lowest quarter have 0.5 per cent less disposable income. Those with the highest have 4.3 per cent more.

In the last budget, the Manitoba government took a promising step by clawing back the basic personal amount tax credit for those earning more than $200,000 a year. This is an important first step and should include more upper-class Manitobans.

Winnipeg School Division proposes 9.3 per cent tax increase

Maggie Macintosh 4 minute read Preview

Winnipeg School Division proposes 9.3 per cent tax increase

Maggie Macintosh 4 minute read Thursday, Feb. 26, 2026

Manitoba’s largest school division has tabled a draft budget that raises local property taxes by upwards of nine per cent.

The Winnipeg School Division has released a $549.7-million blueprint for its 82 schools, which are attended by 32,000 children.

The plan freezes staffing at current levels, upgrades information technology systems and resumes full-day kindergarten.

“What we’re proposing is basically a stand-pat budget where we want to maintain (our roster of) teachers, EAs and clinicians, ” chief superintendent Matt Henderson told a public budget meeting on Tuesday. “With that, though, comes some pressure.”

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Thursday, Feb. 26, 2026

Housing affordability challenges remain despite recent improvements: CMHC

Daniel Johnson, The Canadian Press 3 minute read Preview

Housing affordability challenges remain despite recent improvements: CMHC

Daniel Johnson, The Canadian Press 3 minute read Thursday, Feb. 26, 2026

A new analysis from the Canada Mortgage and Housing Corp. shows housing affordability challenges have eased in recent years but still remain at historic highs, and have even spread to other major cities.

The national housing agency says affordability issues are no longer limited to Canada's largest cities and have spread to other areas such as Ottawa, Montreal and Halifax. One of the key factors, CMHC said, was the impact of labour mobility brought on by remote work during the COVID-19 pandemic, which has persisted even as the job market has changed.

"Affordability started recovering slightly since 2023, when it reached historical lows. For home ownership, we observed improved affordability, while for renters we saw stabilization over the last two years," said Mathieu Laberge, CMHC chief economist and senior vice-president of housing insights, in a news release Wednesday.

"Even with these improvements, we cannot overlook how much housing affordability has eroded in recent years, especially in Ottawa, Montreal and Halifax, clearly demonstrating that Canada's housing affordability crisis is no longer limited to Toronto and Vancouver."

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Thursday, Feb. 26, 2026

Police warn about AI use in sophisticated scam calls

Chris Kitching 3 minute read Preview

Police warn about AI use in sophisticated scam calls

Chris Kitching 3 minute read Wednesday, Feb. 25, 2026

Police warned Manitobans about the rising use of artificial intelligence to clone voices for use in phone scams, while launching a campaign Tuesday to protect seniors from fraud.

The six-month “Just Hang Up” campaign will alert seniors, their children and their caregivers about grandparent or emergency scams that have become prevalent and increasingly sophisticated.

“These scams are designed to be high pressure. They prey on the ones we love the most — our grandparents, the ones we know who are going to help us in the time of need,” Winnipeg Police Service Insp. Jennifer McKinnon said at a news conference.

Manitobans aged 60 and older reported losing almost $350,000 to grandparent or emergency scams in 2024, as reported by the Canadian Anti-Fraud Centre. The actual total is likely much higher because scams are vastly underreported.

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Wednesday, Feb. 25, 2026

Tax-filing season begins today. Here’s all you need to know

Ritika Dubey, The Canadian Press 4 minute read Preview

Tax-filing season begins today. Here’s all you need to know

Ritika Dubey, The Canadian Press 4 minute read Thursday, Feb. 26, 2026

Gather your tax slips and receipts because it's that time of the year. The 2025 tax-filing season officially kicks off on Monday. It will last a little over nine weeks, ending with the April 30 deadline for most taxpayers.

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Thursday, Feb. 26, 2026

Big rent hikes — a made-in-Manitoba problem

Yutaka Dirks 5 minute read Preview

Big rent hikes — a made-in-Manitoba problem

Yutaka Dirks 5 minute read Monday, Feb. 23, 2026

Premier Wab Kinew began 2026 by capping the price of milk in a bid to make life more affordable for Manitobans.

Now, Manitobans feeling the pinch of stagnant wages and inflation won’t have to swallow cost increases with their morning bowl of cereal. This spring, the premier has an opportunity to address one of the single largest monthly household expenses paid by Manitobans: rent.

Few provinces regulate milk prices, but most Canadian jurisdictions regulate rents. In Manitoba, rent increases are allowed once a year and capped based on changes in the consumer price index. This annual rent guideline is a fair process that accounts for increased costs while protecting tenants from rent gouging.

Despite these rules, each year thousands of tenants continue to face huge rent hikes — some well over 100 per cent.

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Monday, Feb. 23, 2026

It’s the first tax season since the CRA revamped its services. Here’s what to expect

Ritika Dubey, The Canadian Press 7 minute read Preview

It’s the first tax season since the CRA revamped its services. Here’s what to expect

Ritika Dubey, The Canadian Press 7 minute read Thursday, Feb. 26, 2026

The Canada Revenue Agency says taxpayers should have an easier time this tax season, a year after it faced criticism for long wait times and, in some cases, bad advice from representatives.

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Thursday, Feb. 26, 2026

Food inflation spiked 7.3% in January. Here’s what’s driving the increase

Craig Lord, The Canadian Press 6 minute read Preview

Food inflation spiked 7.3% in January. Here’s what’s driving the increase

Craig Lord, The Canadian Press 6 minute read Wednesday, Feb. 18, 2026

OTTAWA - Statistics Canada reported an easing in the headline inflation rate Tuesday but a jump in the pace of food inflation amid tax changes and lingering pressures at the grocery store continue to put the squeeze on consumers.

StatCan said Tuesday that the annual rate of inflation edged down to 2.3 per cent in January. Economists had expected inflation to hold steady at 2.4 per cent.

The agency said gas prices were 16.7 per cent lower year-over-year in January, largely thanks to the end of the consumer carbon price in April. Shelter inflation — long a pain for households in Canada — also fell to its lowest level in nearly five years as rent pressures abate.

Those declines helped offset food inflation, which accelerated to 7.3 per cent annually in January from 6.2 per cent a month earlier.

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Wednesday, Feb. 18, 2026
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Food inflation expected to jump in January amid tax changes: economists

Craig Lord, The Canadian Press 4 minute read Preview
No Subscription Required

Food inflation expected to jump in January amid tax changes: economists

Craig Lord, The Canadian Press 4 minute read Wednesday, Feb. 18, 2026

OTTAWA - Economists expect tax changes from a year ago will result in a year-over-year surge in food prices when Statistics Canada reports January inflation figures later this week.

StatCan will publish its January consumer price index report on Tuesday, a day later than originally scheduled.

The agency recently adopted a Monday publishing schedule for the consumer price index but shifted the January release to account for a regional holiday in eight provinces.

A Reuters poll of economists expects the annual rate of inflation held steady at 2.4 per cent in January, according to LSEG Data & Analytics.

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Wednesday, Feb. 18, 2026

Affairs of heart inevitably require less romantic finance talk sooner or later — so why not today?

Joel Schlesinger 5 minute read Preview

Affairs of heart inevitably require less romantic finance talk sooner or later — so why not today?

Joel Schlesinger 5 minute read Saturday, Feb. 14, 2026

Valentine’s Day may be for lovers, and a chat about personal finance certainly risks dulling the passions of the day. That is unless you love money.

Yet it is a discussion that nonetheless should happen … eventually. Often sooner is better than later, hopefully, well before popping the big question.

That decisive question could be happening right now. Valentine’s Day is the premier day for couples to get engaged and that big ask (and hopefully affirmative answer) often comes with a hefty capital allocation for a sparkling speck of costly rock set in a ring made of an increasingly high-priced precious metal.

De Beers coined the notion of three months’ salary as the rule of thumb to spend on an engagement ring amid the Great Depression. At the time, diamonds weren’t common for engagement rings. Today, the world’s priciest gem is considered the norm — and the bigger the rock, the greater the profession of your love, according to the marketing.

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Saturday, Feb. 14, 2026

Canada’s university funding system is broken

Michael Benarroch 6 minute read Preview

Canada’s university funding system is broken

Michael Benarroch 6 minute read Friday, Feb. 13, 2026

For decades, Canadian universities have delivered a world-class education at a remarkably accessible cost. Nationally, Manitoba has among the lowest tuition fees in the country. However, like many universities across Canada, the University of Manitoba is facing a new reality that can no longer be ignored.

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Friday, Feb. 13, 2026