All about Canadian Savings. Learn the ins and outs and get the latest news.
Latest News
What is the RESP contribution deadline? + MORE Oct 30th
Between the gifts and the gatherings, the month of December can be an expensive time of the year. It’s a tough month to think about saving for your child’s future education on top of everything else. (We get it!) But there’s good reason to plan ahead and put some extra cash aside before the en.... More »
How a young couple can kill $142,000 in debt and start investing + MORE Mar 22nd
iStock
Julie and David live in Calgary with their two daughters, ages 10 and 7. David, 40, is a cable technician earning $150,000 annually while Julie, 37, works part-time at a retail store near home earning $6,000 annually. In 2014, their lives changed when David fell on the job and injured his lef.... More »
How to Make RRSP Withdrawals Before and After Retirement + MORE Feb 29th
Whether you are nearing retirement or are just starting to make financial decisions for your future, Registered Retirement Savings Plans (RRSPs) may be a hot topic of conversation. In both circumstances, your savings grow tax-sheltered, and your contributions are tax-deductible. Where it differs .... More »
Why Canada must simplify the tax code + MORE Feb 22nd
Aaron Wudrick is the federal director of the Canadian Taxpayers’ Federation.
Are you paying all the tax you’re legally required to pay—and if not, is that okay?
That’s the question at the heart of the controversy over offshore tax havens, whereby mostly wealthy individuals structure their fi.... More »
Outliving your savings, and why the 4 per cent rule still applies: Mayers + MORE Dec 16th
In a week where our central banker talked about negative interest rates, readers wonder about living longer than their savings...... More »
Why I Switched My Bank Account… And Saved Thousands
– ratesupermarket.ca
Back around the turn of the century (when we switched from the 1900s to 2000s, that is), I landed the one-and-only full-time job I’ve had in my career, as a junior editor with Cottage Life magazine. The new job meant lots of changes for me, including a steady paycheque, my first apartment, and the bills that come with being a renter. So money management was always top of mind. When a colleague mentioned the amount of money that she was saving with a no-fee bank account, I quickly jumped on the bandwagon.
Goodbye TD, Hello PC
My mother had worked for much her life as a teller for TD Bank so, growing up, I always did my banking there. I still recall as a kid gleefully adding up all the “free” money I earned in interest on my limited balance. But, as I got older, I was continually frustrated by how the various fees would more than wipe out the piddly amount of interest my savings earned.
Savings In The Thousands
So when I first looked into President’s Choice Financial it seemed too good to be true…
Goodbye TD, Hello PC
My mother had worked for much her life as a teller for TD Bank so, growing up, I always did my banking there. I still recall as a kid gleefully adding up all the “free” money I earned in interest on my limited balance. But, as I got older, I was continually frustrated by how the various fees would more than wipe out the piddly amount of interest my savings earned.
Savings In The Thousands
So when I first looked into President’s Choice Financial it seemed too good to be true…
China, Venezuela deepen economic ties during state visit to Latin American country
– canadianbusiness.com
CARACAS, Venezuela – China approved a $4 billion credit line and a flurry of new co-operative agreements Monday with Venezuela, its chief economic partner in Latin America.
Chinese President Xi Jingping and Venezuelan President Nicolas Maduro announced the initiatives during a joint news conference in Caracas.
The credit line will support an economic development fund and will be repaid by oil shipments.
Venezuela’s socialist government has received roughly $50 billion from China in recent years, paying for the loans with the country’s petroleum.
On Monday, Maduro said the practice of exchanging loans for oil “doesn’t create a heavy debt burden like the old systems.”
The 38 new agreements announced aim to strengthen economic ties between Venezuela and its main creditor through joint initiatives in industries including energy, mining and transportation. On Saturday, the China Development Bank opened a branch in Caracas.
Xi has been touring Latin America for more than a week and has also visited Brazil and Argentina…
Chinese President Xi Jingping and Venezuelan President Nicolas Maduro announced the initiatives during a joint news conference in Caracas.
The credit line will support an economic development fund and will be repaid by oil shipments.
Venezuela’s socialist government has received roughly $50 billion from China in recent years, paying for the loans with the country’s petroleum.
On Monday, Maduro said the practice of exchanging loans for oil “doesn’t create a heavy debt burden like the old systems.”
The 38 new agreements announced aim to strengthen economic ties between Venezuela and its main creditor through joint initiatives in industries including energy, mining and transportation. On Saturday, the China Development Bank opened a branch in Caracas.
Xi has been touring Latin America for more than a week and has also visited Brazil and Argentina…
