Not sure how to make a savings plan? Read on…
Latest News
Payday loan lending rates in Alberta lowest in Canada under new law + MORE Aug 3rd
Legislation that took effect this month makes lending rates for payday loans in Alberta the lowest in the country, the provincial government says..... More »
Get Ready for Springtime Spending + MORE Apr 27th
Winter has finally lessened its grip, and cold weather-weary Canadians have emerged to enjoy the sunnier days. But it’s not just spring flowers that are in for a growth spurt; warmer weather can have a taxing effect on the wallet as well.
Read on for this week’s top savings tips, from the best .... More »
Stock news for investors: Iamgold expands, Teck advances merger talks, and Wealthsimple hits $100B milestone + MORE Oct 29th
Here’s a round-up of news for Canadian investors this week.
Iamgold
Teck Resources
Mullen Group
Wealthsimple
West Fraser Timber
Featured RRSP Accounts
featured
EQ Bank
Bu.... More »
How much money does the government contribute to an RESP? + MORE Feb 13th
Whether your child eventually goes off to university, enrolls in a college program or is interested in another type of schooling, there’s no way around it: post-secondary education is pricey. In Canada, the average undergraduate tuition fee for the 2022–23 school year was $6,834. Over four yea.... More »
Are all those pandemic savings going away? It looks like it. But you’re not too late to still make smart spending decisions + MORE Jun 27th
After making a budget, go through each item and highlight what you might want to trim..... More »
Money for the taking
– moneysense.ca
After 15 years in the corporate benefit industry, Katherine Rapp is pretty astute when it comes to predicting how many employees will show up for her volunteer sessions on workplace group benefits. If she offers free lunch, she’ll get more takers. Contests draw people, too. But if she is perfectly honest, Rapp, a vice president of retirement services for Corporate Benefit Analysts in Kitchener, Ont., will tell you that only 10% to 15% of eligible workers bother to attend. If the low numbers once surprised her, they don’t anymore. “You know, the biggest problem companies have is engaging their employees to give a hoot,” she says of corporate benefits ranging from dental plans to lucrative retirement savings programs. “It’s a very difficult environment to try and make sure people are doing the right thing for themselves and taking free stuff.”That’s right, Canada. Stuff. From your employer. For free. No strings attached.
Yet, despite being offered generous corporate benefits worth hundreds or even thousands of dollars a year, many of us aren’t cashing in…
Time to Get RRSP-Ready!
– ratesupermarket.ca
There’s only a few weeks left of winter… and that means tax time is nearly upon us! The season kicks off with the RRSP contribution deadline on Monday. Not sure if you’re ready? Read on for this week’s top tips, including tackling retirement savings confusion.
How to Overcome RRSP Confusion
The contribution deadline is right around the corner – but a recent BMO study finds there’s still a lot of confusion over how RRSPs work. Need to brush up on the basics? Barry shares his top 4 tips.
Read Barry’s Blog | How to Overcome RRSP Confusion
How Much Are Workplace Benefits Worth?
Receiving workplace benefits is a great perk, and can go a long way in offsetting health and wellness costs – but how much are they actually worth? Check out Gordon’s break down on what they cost, and how you can make the best decisions for your coverage.
Read Gordon’s Blog | How Much Are Workplace Benefits Worth?
Canadians Shop Less as the Loonie Dips
As the loonie loses steam, Canadians are experiencing a spending-power slowdown – and there are emptier malls to prove it…
How to get millennials to start saving for retirement
– moneysense.ca
Irvin Ho, a 25-year-old business grad from Simon Fraser University, only recently started thinking about his financial goals. Two years ago, he put $10,000 in savings into a self-directed portfolio invested in index funds. Warming to the pastime, Ho, along with two friends, launched a website called Young Guys Finance that introduces the basic concepts of investing to their contemporaries via online video courses and boot camps at their alma mater.
Ho admits his own portfolio’s performance is “not so good right now.” But he’s convinced of the value of do-it-yourself investing and wants to help others do it too. “I tell myself, You don’t have to look at it every day. You’re doing it for the long run, so stop looking at it!”
Within his generation, Ho is something of an exception. Millennials have not-so-quietly become the largest cohort in the Canadian workforce, but for many of those born in the 1980s and ’90s, the cut-off to contribute to one’s RRSP passes at the end of February without much fanfare…
Ho admits his own portfolio’s performance is “not so good right now.” But he’s convinced of the value of do-it-yourself investing and wants to help others do it too. “I tell myself, You don’t have to look at it every day. You’re doing it for the long run, so stop looking at it!”
Within his generation, Ho is something of an exception. Millennials have not-so-quietly become the largest cohort in the Canadian workforce, but for many of those born in the 1980s and ’90s, the cut-off to contribute to one’s RRSP passes at the end of February without much fanfare…
