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RRSP top-ups in retirement could cost you Mar 8th
Q: I retired in May 2009 and was under the impression that I could no longer contribute to an RRSP. I just found out I could, and my 2016 notice of assessment shows I have available contribution room for 2017 of $25,749. Also, my RRSP/PRPP deduction limit for 2017 is $25,749. My pension income for.... More »
Best fixed-income ETFs for Canadian investors 2026 + MORE Apr 29th
With the downturn in stock markets in 2026, many investors are grudgingly coming around to the realization that they need exposure to other asset classes in their portfolios. And the most readily available is bonds, which have the advantage, historically, of being negatively correlated to stocks. Th.... More »
Advice for cash-strapped renters and landlords during COVID-19 + MORE May 16th
When the COVID-19 pandemic swept across North America in early 2020, it created a wave of income loss that impacted people from all walks of life. While some individuals have been hit harder than others, it’s difficult to find a group or industry that hasn’t been affected. A small segment of the.... More »
Best in show: How to find and invest in market leaders + MORE Apr 10th
Canadians approach retirement planning in many different ways, but there’s one thing we can all benefit from: a strategy to save enough to retire comfortably and even generate income after we stop working.
But many of us don’t feel financially ready to stop working. According to a 2022 survey.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Jan 7th
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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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Failure to Launch: Why Post Grads Are Putting Off Financial Milestones
– ratesupermarket.ca
Forget the gangly teenage years – post graduate life is an awkward time.
Especially in a culture like North America’s (and most cultures for that matter) where the pillars of stability are finding a career, buying your first home and starting a family, many young adults are finding themselves failing to launch.
Student Debt Found To Cause Major Financial Delays
A seesawing job market and astronomical tuition costs are main causes behind young adults’ slow starts. According to a poll by TD Canada Trust, 30 per cent of post grad students take on more debt than they expect to and 40 per cent struggle to make minimum repayments on student loans in the first two years after graduating
The Next Phase Is Out Of Reach For Post Grads
Among the milestones stubbornly staying the back burner was home ownership – 40 per cent admitted debt was keeping them from buying their first home. Thirsty six per cent are in stasis waiting to start a family, 23 per cent are postponing getting married and 18 per cent are still living with their parents while they wait to repay their debt…
Spotlight On Mortgages: August 2, 2013
– ratesupermarket.ca
Mortgage Defaults On The Decline: Genworth
Fewer Canadians are defaulting on their mortgage loans this year, according to the Q2 earnings report released by Genworth MI Canada this week. Genworth, a private mortgage insurer that provides default coverage for high-ratio borrowers (an alternative to coverage provided by the CMHC), reported that losses on default claims are $9 million lower than in Q1, and $13 million lower year over year.
The decline indicates that the number of high loan-to-value borrowers is dropping. While this is due in part to last summer’s CMHC rule changes squeezing some buyers out of the market, fewer defaults also suggest that Canadian credit situations are improving amid a strengthening economy.
The insurer also noted that business is booming with a net income of $88 million – a sign of a healing mortgages market.
“Our business continues to perform well,” stated Brian Hurley, Genworth chairman and chief executive officer, in a release. ”A balanced housing market, stable economic climate and strong portfolio quality have all contributed to the positive trends in our business, in particular our loss performance…
