High interest rates and unemployment: Expectations for June’s rate announcement + MORE May 10th

Since launching in 2014, Wealthsimple has developed a strong reputation for offering online, easy-to-use, low-fee financial services. It’s come a long way since its humble beginnings exclusively as a robo-advisor (now known as Invest). It now offers:

1.  Managed investing: This includes their robo-advisor and private equity options.

2.  Self-directed investing: Formerly its own app called Wealthsimple Trade. This includes stocks, ETFs and options trading.

3. Spend and save: Spending and saving accounts with a prepaid rewards debit card (Cash).

4. Tax filing: Online tax filing service formerly known as Wealthsimple Tax.

Which, if any, of these services are right for you? Here’s what you need to know about investing or trading with Wealthsimple, including its various product offerings, how it works, and their associated fees.

If you’ve used Wealthsimple in the past or used some of its products, know that while Invest, Trade and Cash were offered under separate apps, they’re now all part of just one Wealthsimple app—which has made the user experience more convenient…

Spend

The best American Express credit cards in Canada for 2024
Which card is right for you? Here, we break down the top American Express credit cards by category to help you decide.

Compare now

powered by

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

googletag.cmd.push(function() {
var refresh_key = ‘refresh’;
var refresh_value = true.toString();

// Creating all ad sizes
var mapping = googletag.sizeMapping().
addSize([1024, 400], [[970, 90], [728, 90]]).
addSize([980, 400], [728, 90]).
addSize([0, 0], [[320, 50], [300, 50]])…

In Canada, the role of an executor in administering a deceased person’s estate is both significant and complex. Executors play a crucial role in settling an estate, which involves tasks such as distributing assets, paying off debts and ensuring the deceased’s final wishes are carried out. In return for their efforts, executors are entitled to claim for compensation. However, the rules regarding executor compensation vary across provinces, and there are distinct benefits and pitfalls associated with this compensation.  

What is an executor?
An executor is a person named in your will who will be responsible, after you die, for making sure that your assets are distributed according to your wishes and that your estate is settled properly. This includes a wide range of activities, from filing a final tax return and cancelling your credit cards to giving away your jewellery or collectibles, and selling your home and investments.

Read the full definition of executor in the MoneySense Glossary…

The odds of a June interest rate cut from the Bank of Canada (BoC) appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month. The jobs gain far surpassed forecasters’ expectations and marked the largest employment increase in more than a year.

Featured accounts

sponsored

Savings account

Earn up to 4% interest on your savings. Plus, use the pre-paid card for everyday purchases and free ATM withdrawls.

go to site

sponsored

Online brokerage

Low-fee stock and ETF trading, with access to stock analysis tools and real-time data.

go to site

featured

GIC

Lock in your deposit for one year and earn a guaranteed interest rate of 5…