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Canadian Dividend All-Stars 2024: Past performance + MORE Jan 23rd
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RESP vs RRSP and TFSA: What’s the best option for education savings? + MORE Aug 28th
Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options C.... More »
Government Extends Tax Deadline in COVID-19 Economic Response Plan Mar 21st
In ever-evolving circumstances, Prime Minister Justin Trudeau has announced an $82-billion stimulus package to help Canadians and businesses amid the COVID-19 pandemic. These measures aim to stabilize the economy and support Canadians facing hardships.
The announcement comes as part of Canada’s C.... More »
You opened an RESP—now what? Nov 27th
As many Canadian parents and grandparents know, a registered education savings plan (RESP) is a powerful savings tool. Although you can create a college or university fund for your child in other ways, such as a bank account or a tax-free savings account (TFSA), they don’t offer the same valuable .... More »
The best high-interest savings accounts in Canada for 2025 + MORE Jun 4th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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3 Reasons Why You Need to Contribute to Your RRSP… Now
– ratesupermarket.ca
Why is everyone always rushing to contribute to RRSPs this time of year? And does it makes financial sense for you to make extra contributions before the March 1 deadline?
This time of year is often referred to as RRSP season, as many of us rush to make contributions before the RRSP contribution deadline on March 1, 2019.
But what does this deadline mean?
The contribution deadline ensures your contributions count towards the 2018 tax year, which will then reduce your overall income tax burden and, more importantly, help you save more for your future.
Please appreciate this outdated meme on RRSPs provided by the RateSupermarket.ca team.
The deadline is important and making a few extra contributions is financially savvy. But if you’re in debt or don’t have the extra cash, it can be hard to justify making that contribute more. Wondering if it makes sense for you to make those extra contributions? Here are a few things to consider.
You can save on your income taxes
When we think about income tax we often think about the dollar amount we are required to pay in federal and provincial tax…
