How to go about securing the best savings strategy in Canada.
Latest News
Will credit card debt affect my mortgage application? Mar 27th
If you’re shopping around for a mortgage, you probably already know that lenders ask for a ton of financial information before determining how much you can borrow. That list includes your household income and how much you owe—including credit card debt, car payments and unsecured personal loans..... More »
Amar earned $117,799 last year. But he is a freelance photographer with an unpredictable income. How can he sock away more savings? + MORE Oct 17th
Amar is 31 years old and lives in an affordable shared apartment. How can he increase his savings when his monthly income is never the same?.... More »
News for investors: Barrick settles Mali dispute and Couche-Tard profit climbs + MORE Dec 3rd
Here’s a round-up of news for Canadian investors this week.
Barrick Mining
Alimentation Couche-Tard
Blue Ant Media
Brookfield
Featured RRSP Accounts
featured
EQ Bank
Build y.... More »
Personal Income Tax Guide: The deadline for filing your 2021 return, tax brackets and more + MORE Dec 12th
The year 2021 has been a year about money, from the latest crypto to inflation to housing prices to taxes. While money trends can go up and down—or up and up for certain matters—taxes can be more predictable, if you’re prepared. This year’s MoneySense income tax guide includes the things you.... More »
The best five-year variable mortgage rates in Canada + MORE Dec 12th
Mortgages
Canada’s best credit cards for groceries
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Let's get started
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Is That Subscription Worth Your Money?
– ratesupermarket.ca
If you’re like most Canadians, you have a number of charges that come out of your bank account every month. Your gym membership, meal delivery service, beauty box, and streaming services all cost you more than pennies on a regular basis. How do you know if you are getting your money’s worth, and how can you save? Take a bit of time to review what you’re paying for and decide what you really need.Find Free Alternatives
Have a look at what you actually use and explore your other options. Much of what you pay for might come free of charge through other outlets. You may love your gym, but get equal satisfaction out of a neighbourhood walking group. That’s true of many things you may shell out money for — when you could get something similar for free. It may sound quaint, but your public library may have some of the same audiobooks and e-books you pay for through a private service.
Share With Friends
Subscription boxes are a fun way to spend money. But the savings are not great if you don’t use everything you receive…
Hacks to Slash Your Mortgage and Clear Your Debt Early
– ratesupermarket.ca
Finding you the best financial practices is what gets us up in the morning. And our staff is a great resource for these ideas. So we polled the staff in our office to ask one simple question: What mortgage hacks do you use to speed up your mortgage payments?
Here are their best tips for getting out of debt early:
Get a Head Start
The Down Payment
Find acceptable sacrifices to save a bigger down payment. If you have RRSP funds, leverage the RRSP homebuyers plan. If you can amass a 20 percent down payment, you’ll save thousands in mandatory mortgage insurance premiums. (Mortgage default insurance is required when your down payment is below 20 percent).
Compare Mortgage Rates
Make sure you are fully aware of all the mortgage options available to you, and compare mortgage rates at RateSupermarket.ca. Saving just 1/4 percent off your rate could save you thousands – and if you use those savings to make extra payments you’ll pay down principal even faster, compounding the interest you save…
