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Compare the best savings accounts in Canada for 2023 + MORE Sep 11th
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The best savings accounts in Canada for 2023
Here are the best accounts to hold your savings.
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Scan the savings account comparison table above to view interest rates offered by financial institu.... More »
Video: How to close a bank account + MORE Sep 12th
Pretty much every Canadian has a bank account. So it makes sense to ensure that you have the best savings account for you (and chequing too) by shopping around. So if you’ve decided to move on from your current bank, you will want to close your old account and ensure that nothing gets lost in the .... More »
Health-care workers Annie and Ben, 33, can afford a bigger house. But is now the time as they look to grow their family? + MORE May 1st
The couple has a combined annual income of $260,000, a modest mortgage, and is wondering how best to invest their savings..... More »
Ayana Forward, financial advisor + MORE Feb 18th
Meet Ayana Forward
Ayana Forward is a Certified Financial Planner based in Ottawa, Ont. She owns Retirement in View, a fee only financial planning firm that specializes in helping clients within one to five years of retirement navigate the financial and lifestyle aspects of transitioning out of t.... More »
The best high-interest savings accounts in Canada for 2023 + MORE Jan 9th
The rates in the finder tool below are offered by Ratehub partners. Keep scrolling for information about additional product options.
Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “hol.... More »
Q. I would like to know whether it is better, financially speaking, to own my first house as an income property, or as my primary residence in Ontario. I am single, living with my parents, earn a steady income and have $80,000 in savings. I’ve already purchased a new-construction freehold townhouse for $320,000 (paid $30,000 in deposit), which will close in August 2020. While I had been planning to rent out this property, I’m wondering if it is better to treat it as my primary residence initially, to take advantage of all the benefits available to first-time home buyers (including the ability to borrow from my RRSP), then change to a rental later.
–Larry
A. I see where you are going with this, Larry. You’re wondering if you can take advantage of the Home Buyers’ Plan now—and, if you don’t, will the fact that your first home purchase is an income property prevent you from participating in any first-time home buyer programs when you do purchase your first primary residence in the future…
–Larry
A. I see where you are going with this, Larry. You’re wondering if you can take advantage of the Home Buyers’ Plan now—and, if you don’t, will the fact that your first home purchase is an income property prevent you from participating in any first-time home buyer programs when you do purchase your first primary residence in the future…
