There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
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The best high-interest savings accounts in Canada for 2023 Jul 24th
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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The best RRSP investments 2022 + MORE Oct 31st
A registered retirement savings plan (RRSP) is an investment that is registered with the Canadian federal government. RRSPs are often described as being “tax-advantaged.” That means you don’t pay income tax on the amount you are contributing to an RRSP, in the year you earn that contribution. .... More »
The best high-interest savings accounts in Canada for 2024 + MORE Dec 10th
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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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How much credit card debt does the average Canadian have? Oct 9th
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
Video: How to find the best online account + MORE Feb 13th
The best online bank account for you is one that’s suited to your unique needs. Here’s how to determine what those personal banking are and how to find an account that’s the perfect fit.
Watch: How to find the best online bank account.
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The best ways to help kids financially
– moneysense.ca
As a father of three and a financial professional, the coming school year, and the uncertainty attached to it, is very much on my mind. Even if your children, like mine, are still years away from post-secondary tuition fees, the sooner you start saving, the better your chances of reaching your financial goals. Money also gives you options should your child need tutoring (or, as is being hotly debated, you want to be able to consider opting out of public school during the COVID-19 pandemic).
Here are a few ways to help your children financially, regardless of their age or stage.
RESP
The most common saving tool for minor children is a Registered Education Savings Plan. An RESP is a tax deferred savings plan used to fund post-secondary education costs like trade school, college or university tuition and other expenses.
There are no tax deductions when a parent makes a RESP contribution, but the government provides a Canada Education Savings Grant (CESG) of 20% on contributions of up to $2,500 per year, per child (each named as a beneficiary in the plan), resulting in up to $500 in grants annually…
Here are a few ways to help your children financially, regardless of their age or stage.
RESP
The most common saving tool for minor children is a Registered Education Savings Plan. An RESP is a tax deferred savings plan used to fund post-secondary education costs like trade school, college or university tuition and other expenses.
There are no tax deductions when a parent makes a RESP contribution, but the government provides a Canada Education Savings Grant (CESG) of 20% on contributions of up to $2,500 per year, per child (each named as a beneficiary in the plan), resulting in up to $500 in grants annually…
