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The best high-interest savings accounts in Canada for 2024 + MORE Aug 12th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Making sense of the markets this week: June 9, 2024 Jun 7th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
“The Big Cut”
While The Big Short film is a riveting watch, “The Big Cut” may be even more enthralling.&nbs.... More »
The best GIC rates in Canada for 2026 Jun 1st
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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The Wealthy Barber says Canadians face more opportunities—for profit and peril Dec 9th
David Chilton was down on his luck. In 1988, the aspiring author decided to cash in his RRSP and self-publish a book about a savvy barber who dispenses financial advice—like not to cash in your RRSP—to curious, wisecracking customers. “The one time I was struggling—badly—in finance was whe.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Jun 10th
Save
The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
Compare now
Tap the button for more details.
W.... More »
Reddit: Social media firm’s shares jump in stock market debut BBC.comReddit stock gains 48% on first day of trading Yahoo FinanceReddit shares soar on first day of public trading The GuardianReddit IPO: Stock soars after making public market debut Global NewsReddit (RDDT) Shares Surge as Stock Begins Trading at $47 Each Bloomberg
How to cope with the RRSP-to-RRIF deadline in your early 70s
– moneysense.ca
As I wrote in my previous column on Fred Vettese’s PERC, I’ve reached the age when my registered retirement savings plan (RRSP) will soon have to be converted to a registered retirement income fund (RRIF) and/or annuitized. I turn 71 in early April, which means I have until the end of December 2024 to wind up my RRSP. Thousands of baby boomers will be in the same boat as me this year, so this column shares what I’m learning about this process.
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The latest you can receive your first RRIF payment
Here’s how Matthew Ardrey, senior financial planner at Toronto-based firm Tridelta Financial, sees RRSP-to-RRIF conversions: “By the year in which one turns 72, the government mandates that the taxpayer convert their RRSP to a RRIF and draw out at least the minimum payment. The minimum payment is calculated by the value of the RRIF on January 1 multiplied by a percentage rate that is tied to the taxpayer’s age…
