Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
Wes Hall on the myths and realities of activist investing + MORE Jul 26th
Kingsdale Shareholder Services founder Wes Hall.(Portrait by Micah Bond)
When Wes Hall arrived on Bay Street nearly three decades ago, he was struck by how management placed a low priority on retail investors. “If you’re not happy, sell your stock,” was a typical response to their concerns, he.... More »
Canadians Are Less Satisfied With Their Banks: J.D. Power + MORE Aug 5th
How happy are you with your bank? If the answer is “less than enthralled”, you’re not alone: the 10th edition of J.D. Power’s Canadian Retail Banking Customer Satisfaction Study finds Canadians overall are less content with their lenders, and that satisfaction has been d.... More »
Mortgage rates inch higher from record summer lows Nov 25th
Canadian mortgage rates have bounced up from their record lows of this summer in anticipation of an improving economy prompting central banks to do the same..... More »
Find out if you should go robo + MORE May 19th
(Illustration by Raymond Biesinger)
There’s a new way of managing your money that’s beginning to shake up the investment world. Online portfolio managers—better known as “robo-advisors”—are designed for today’s digital world and provide you with a professionally managed portfolio at lo.... More »
The best TFSAs in Canada for 2024 Nov 30th
Featured TFSA Accounts
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TFSA savings account
Earn 2.50% interest tax fee tax-free interest with flexible withdrawals and zero fees.
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Big Six banks add airbag in case of emergency
– theglobeandmail.com
Canada’s famously safe lenders are now even safer
77,000 foreign banks agree to share account information with IRS in tax evasion crack down
– canadianbusiness.com
WASHINGTON – More than 77,000 foreign banks have agreed to share information about U.S. account holders as part of a crackdown on offshore tax evasion, the Treasury Department said Monday.
The list includes 515 Russian financial institutions. Russian banks had to apply directly to the Internal Revenue Service because the U.S. broke off negotiations with Russia over an information-sharing agreement because of Russia’s actions in Ukraine.
Nearly 70 countries have agreed to share information from their banks as part of a U.S. law that targets Americans hiding assets overseas. Participating countries include all the world’s financial giants, as well as many places where Americans have traditionally hid assets, including Switzerland, the Cayman Islands and the Bahamas.
Under the law, foreign banks that don’t agree to share information with the IRS face steep penalties when doing business in the U.S. The law requires American banks to withhold 30 per cent of certain payments to foreign banks that don’t participate in the program — a significant price for access to the world’s largest economy…
The list includes 515 Russian financial institutions. Russian banks had to apply directly to the Internal Revenue Service because the U.S. broke off negotiations with Russia over an information-sharing agreement because of Russia’s actions in Ukraine.
Nearly 70 countries have agreed to share information from their banks as part of a U.S. law that targets Americans hiding assets overseas. Participating countries include all the world’s financial giants, as well as many places where Americans have traditionally hid assets, including Switzerland, the Cayman Islands and the Bahamas.
Under the law, foreign banks that don’t agree to share information with the IRS face steep penalties when doing business in the U.S. The law requires American banks to withhold 30 per cent of certain payments to foreign banks that don’t participate in the program — a significant price for access to the world’s largest economy…
