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The best high-interest savings accounts in Canada for 2024 Nov 11th
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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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Federal government targets sport participation with $660 million pledge to sport organizations - CBC + MORE Apr 28th
Federal government targets sport participation with $660 million pledge to sport organizations CBCOpinion | ‘It is a great day’: Liberals earmark over $755 million to reshape Canadian sports system in economic update Toronto StarAfter weakest Winter Olympic medal count in y.... More »
Stock news for investors: Goeasy shares plunge nearly 60% after lender suspends dividend Mar 13th
Here’s a round-up of news for Canadian investors this week.
Goeasy
Algoma Steel
Transat
RBC
MDA Space
Empire
Featured RRSP Accounts
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EQ Bank
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HISAs vs. bonds and GICs: Where should Canadians hold their cash? + MORE Dec 18th
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
Women and money: Taking control of your personal finances May 11th
They’re “Mom” to their kids and “boss” to everyone else. Across Canada, women continue to break the glass ceiling in their careers and in business. We’re occupying more board seats at public companies—more than a quarter in 2022, compared to just over 20% in 2020, according to the most.... More »
Financial planning in your 70s
– moneysense.ca
When most people think about financial planning, they think about saving and investing for retirement. That is certainly a part of it, but financial planning is much more holistic.
Here are a few financial planning strategies for those approaching or into their 70s. If you are not there yet, bookmark this for future you, or share it with older family members for whom it may apply.
RRSPs
An account holder can only have a registered retirement savings plan (RRSP) until December 31 of the year they turn 71. By that time, they must either convert their RRSP to a registered retirement income fund (RRIF) or purchase an annuity from an insurance company that provides a regular payment for life.
The conversion age used to be 69, but was increased to the current age 71 in 2007. I find in the course of my work as a Certified Financial Planner that some people still think it is 69. It often makes sense to take RRSP withdrawals prior to age 72, and even convert your RRSP to a RRIF as early as age 65…
Here are a few financial planning strategies for those approaching or into their 70s. If you are not there yet, bookmark this for future you, or share it with older family members for whom it may apply.
RRSPs
An account holder can only have a registered retirement savings plan (RRSP) until December 31 of the year they turn 71. By that time, they must either convert their RRSP to a registered retirement income fund (RRIF) or purchase an annuity from an insurance company that provides a regular payment for life.
The conversion age used to be 69, but was increased to the current age 71 in 2007. I find in the course of my work as a Certified Financial Planner that some people still think it is 69. It often makes sense to take RRSP withdrawals prior to age 72, and even convert your RRSP to a RRIF as early as age 65…
