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Revisiting the 4% rule: Ensuring you don’t outlive your savings + MORE Oct 14th
One retirement planning rule of thumb aims to ensure your savings last longer than you do. But does the rule work?.... More »
What happens to your spouse’s TFSA if they die + MORE Jan 11th
Q: My brother recently died and my sister-in-law is his beneficiary. We are unclear what happens with his TFSA, i.e. how can it be turned over ‘in kind’ to her if her TFSA is already maximized?
Wouldn’t it have to be cashed out for her to invest as she wishes, she just wouldn’t have to cla.... More »
The savings habit: Census shows 2/3 of Canadians have it + MORE Sep 14th
Almost two-thirds of Canadian households are saving for retirement, census data show, despite a national household savings rate that fell to 4.6 per cent in the second quarter of this year..... More »
We’re taking on more debt, delinquencies fall + MORE Sep 9th
TORONTO – Credit monitoring agency Equifax says Canadians racked up more debt in the latest quarter, driven by mortgages and higher instalment loans.
Data compiled for the second quarter shows that overall consumer debt, which includes mortgages, grew 7.2 per cent to $1.45 trillion from $1.35 tril.... More »
The best high-interest savings accounts in Canada for 2025 Sep 24th
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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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Going Back To School? Heed These Money Tips
– walletpop.ca
Filed under: Budgeting & Planning, Employment & Careers, Debt, Loans, Saving, Back to SchoolThis time of year financial institutions typically start rolling out their back-to-school budgeting tips. And that’s a good thing, considering post-secondary students who take out loans wind up with more than $25,000 in debt, according to a new study.Continue reading Going Back To School? Heed These Money TipsGoing Back To School? Heed These Money Tips originally appeared on Walletpop Canada on Wed, 14 Aug 2013 12:00:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
Summer Travel Study Saves Consumers A Hot $100 On Gas Costs
– ratesupermarket.ca
RateSupermarket.ca offers frugal fuel tips for on-the-road money management
August 14 – Toronto Ontario: Hitting the open highway for a cross-province road trip may not be as cost effective as frugal travelers think. Price gouging gas stations, sky high insurance premiums and unexpected vehicle wear and tear can put any vacationer’s wallet to work.
According to RateSupermarket.ca, Canada’s comprehensive rate comparison site, there are significant savings for drivers who take a savvy approach to their payments at the pump – $92.21 over the course of a year.
This savings strategy is illustrated, along with additional frugal fuel tips, within the site’s Cost of Gas study.
“As transportation accounts for over 20 per cent of the average annual household income*, our aim is to provide drivers with ways to minimize the financial impact of their everyday purchases at the pump,” said Penelope Graham, spokesperson for RateSupermarket.ca. “Consumers who are aware of their payment options have greater opportunity to save on their driving costs…
The 4 Most Expensive Canadian Travel Myths… Busted
– ratesupermarket.ca
Healthcare and lost luggage misconceptions top RateSupermarket.ca travel study
August 19 – Toronto, Ontario: Don’t leave home without it – RateSupermarket.ca’s vacation costs study finds that when it comes to the necessities and potential savings associated with travel insurance, Canadian travellers can be clueless.
Despite being seasoned flyers – 32 million Canadians took outbound flights last year* – persisting confusion can cost travellers an arm and a leg in sky high medical bills or lost possessions.
“The right travel insurance coverage is the most effective preventative measure to avoid incurring high costs in a worst case scenario,” said Penelope Graham, spokesperson at RateSupermarket.ca. “Even Canadians travelling within the country are well advised to make insurance a necessary part of their vacation checklist.”
The study, Busting The Top Travel Insurance Myths, debunks common misconceptions such as:
Myth 1: Travel insurance is just an expensive add-on…
High interest savings accounts at discount brokers
– moneysense.ca
[Note: This post has been updated to note a couple of additions to high interest savings accounts offered by Scotia iTrade and BMO InvestorLine. Feel free to have it bookmarked.]
It turns out that Renaissance High Interest Savings Account (ATL5000) is not the only high interest savings account (HISA) available through a discount broker. HISAs are savings accounts that can be purchased in a discount brokerage account just like a mutual fund. These accounts typically pay much higher interest rate than money market funds and are ideal for parking cash in Registered Retirement Savings Plan (RRSP), Tax-Free Savings Account (TFSA) and investment accounts. Just like online HISAs, Canadian dollar discount broker HISAs are eligible for Canada Deposit Insurance Corporation (CDIC) insurance.
First a note of caution: first check with your broker that no fees of any kind are charged for buying or selling HISAs and no fees are applied for early redemptions. For example: Scotia iTrade charges an early redemption fee of 1 percent (minimum of $38…
It turns out that Renaissance High Interest Savings Account (ATL5000) is not the only high interest savings account (HISA) available through a discount broker. HISAs are savings accounts that can be purchased in a discount brokerage account just like a mutual fund. These accounts typically pay much higher interest rate than money market funds and are ideal for parking cash in Registered Retirement Savings Plan (RRSP), Tax-Free Savings Account (TFSA) and investment accounts. Just like online HISAs, Canadian dollar discount broker HISAs are eligible for Canada Deposit Insurance Corporation (CDIC) insurance.
First a note of caution: first check with your broker that no fees of any kind are charged for buying or selling HISAs and no fees are applied for early redemptions. For example: Scotia iTrade charges an early redemption fee of 1 percent (minimum of $38…
Greece selling train maintenance company, a day after privatization head’s dismissal
– canadianbusiness.com
ATHENS, Greece – Greece’s privatization fund says it is selling the country’s train maintenance company, a day after the fund’s head was sacked for hitching a lift on the private jet of a businessman involved in a previous sale.
The fund said Monday it is seeking buyers for 100 per cent of ROSCO, a former rail subsidiary that has been transferred to the body overseeing the privatizations Greece is pursuing in return for bailout loans. No pricing details were provided.
The announcement comes a day after fund head Stelios Stavridis was fired for accepting a lift to his island holiday home on a jet owned by the head of a consortium that had just bought a controlling stake in betting firm OPAP.
Stavridis denied any wrongdoing, saying the businessman had simply offered to help.
The post Greece selling train maintenance company, a day after privatization head’s dismissal appeared first on Canadian Business.
The fund said Monday it is seeking buyers for 100 per cent of ROSCO, a former rail subsidiary that has been transferred to the body overseeing the privatizations Greece is pursuing in return for bailout loans. No pricing details were provided.
The announcement comes a day after fund head Stelios Stavridis was fired for accepting a lift to his island holiday home on a jet owned by the head of a consortium that had just bought a controlling stake in betting firm OPAP.
Stavridis denied any wrongdoing, saying the businessman had simply offered to help.
The post Greece selling train maintenance company, a day after privatization head’s dismissal appeared first on Canadian Business.
