Not sure how to make a savings plan? Read on…
Latest News
A TFSA plan to help fund retirement—without losing any sleep May 10th
RANDALL BAKER
Age: 65
Location: Winnipeg
Occupation: Worked in manufacturing and safety deficiencies but now retired
TFSA total: $29,632
RANDALL’S TFSA HOLDINGS
iShares Canadian financial monthly ETF (FIE.TO) $29,632
TOTAL: $29,632
Randall Baker .... More »
Stock news for investors: Cineplex and Aritzia post strong results despite industry headwinds + MORE Oct 15th
Here’s a round-up of news for Canadian investors this week.
Cineplex
Aritzia
Trilogy Metals
Barrick Mining
Cenovus-MEG Energy
Featured RRSP Accounts
featured
EQ Bank
Buil.... More »
How cash ETFs keep your money working + MORE Nov 26th
It’s a dilemma for many investors: you want to have cash set aside to hop on investment opportunities that might arise, but you also don’t want the money sitting in your portfolio not collecting any return. Enter cash exchange-traded funds. Experts say there is increasing demand for cash.... More »
7 ways Budget 2017 will affect small business owners + MORE Mar 22nd
Here is the good news in this year’s federal budget: There are no new taxes for investors. The bad news is there is not much new to help entrepreneurs and business owners. In fact, what’s not in this budget might be more eyebrow-raising than what is.
We get th.... More »
Prepare for lower weekly benefits with 18-month mat leave + MORE Jan 25th
OTTAWA — When Ottawa announced changes to EI parental leave benefits last year that will allow new mothers to receive benefits for 18 months, Heather Wilson was excited about the possibility of spending more time with her baby.
But after digging into the changes, Wilson and h.... More »
Top Ways to Save Money As a New Parent
– ratesupermarket.ca
As a new parent, it’s very easy to go overboard on spending. After all, who wouldn’t want to shower an adorable new human with an influx of cute items? The truth is, you can spend as much or as little as you want and still have all the necessities for your little one. These days, there are so many creative ways to be thrifty while continuing to get high quality products. Social media plays a large role in the quest for baby stuff, and parents everywhere – and their wallets – are thankful.
Here are a few ways to become a shopping savvy, frugal parent in 2017:
Use loyalty points
Loyalty points are a great way to stretch your dollars that extra mile further. New parents will see their expenses increase in certain areas (can we say diapers?), so lining up a good credit card or two will mean savings down the road. Here are a few of our favourite picks for new parents based on loyalty points for groceries, pharmacy purchases, and of course, movies with your tot:
President’s Choice Financial® World Elite MasterCard®: Diapers and baby food will surely eat your grocery bill, so you might as well benefit by using a grocery rewards card…
Weighing Your RRSP Options Before Investing
– ratesupermarket.ca
Over the next month, you’ll likely see a lot of ads and articles reminding you to invest in an RRSP. This is because the deadline for investing in a new RRSP and qualifying for a rebate on your 2016 tax return is March 1st, 2017.
But RRSPs aren’t the only investment option at your disposal. And the advisors telling you that you’ll get a refund just by investing aren’t telling you the whole story. Depending on your stage of life and financial situation, you may be better off investing in TFSAs or RESPs. Here are some tips to help you figure out your best investment options.
RRSPs, RESPs, TFSAs: What the diff?
First, a quick primer on the three options.
Registered Retirement Savings Plans are an investment program created by the federal government to encourage individuals to save for their retirement. The investment options include GICs, bonds, shares, and mutual funds. Whatever amount you spend on your RRSP – up to your personal contribution limit – is deducted from your total income for that year…
