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Cash vs. stock: MEG shareholders face stark choice in takeover battle + MORE Sep 9th
The battle to take over MEG Energy Corp. is pitting a friendly cash-heavy offer from one of Canada’s biggest oilsands producers against a retooled hostile bid from Strathcona Resources Ltd. that’s now based entirely on stock.
Under an amended offer announced Monday, Strathcona i.... More »
Should you pay off a personal loan early? Mar 12th
With bonus and tax refund season underway, the same question tends to resurface: is it worthwhile to make a lump sum payment toward your personal loan, or could that money be better used elsewhere?
In many cases, early repayment reduces interest and removes a monthly obligation. But the decision .... More »
Why Investing in Professional Plumbing Repair Saves You Money in the Long Run + MORE Nov 21st
Dealing with plumbing issues is a dreaded scenario for many homeowners, with the temptation to fix problems through DIY methods often leading to more trouble than anticipated. While it may seem cost-effective to handle repairs on your own, there are several long-term financial benefits to employing .... More »
How does a U.S.-dollar TFSA work? May 21st
Ask MoneySense
I just set up an American dollar TFSA to complement my existing TFSA. I do not know how the contribution gets calculated, and the goal is to not overcontribute with the sum of these.
—Michelle
An investor can open more than one tax-free savings account (TFSA). There are no r.... More »
Helping your kids buy a home? Why a cash gift may be safer than co-signing Sep 6th
It’s not uncommon for parents to want to help their adult children enter the housing market. For some, that help comes in the form of co-signing for their child’s mortgage, but experts warn that means taking on financial risks they might not understand and could impact their own debt and.... More »
The best RRSPs in Canada for 2025
– moneysense.ca
Why should you open a registered retirement savings plan (RRSP)? This account type is often described as “tax-advantaged,” meaning it offers a tax-efficient way for savers and investors to build wealth for the future, usually for retirement. To maximize its potential, it helps to know the differences between an RRSP and other kinds of registered accounts, like the tax-free savings account (TFSA) and first home savings account (FHSA). Plus, not all RRSPs are built the same—you’ll want to compare the saving and/or investing options they offer, as well as their interest rates and fees. Here’s everything you need to know to set yourself up for RRSP success.
How to choose an RRSP
Before diving into our picks for the best RRSPs, think about how you want to use the account: saving or investing. Some RRSPs serve as high-interest savings account (HISAs), offering a better rate of return on your savings than a regular savings account. Some allow you to hold guaranteed investment certificates (GICs)…
