The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
If filing your taxes before the deadline went over your head this year, procrastinating can only make things worse. Unlike sales tax, which is a pay-at-the-pump proposition, Canada’s income tax system is based on self-assessment. Make your money, plan your affairs as best you can and then, pay up.... More »
Canada's biggest bank has cut its five-year fixed-term mortgage rate, a move other banks are likely to try to match in short order..... More »
The Globe and Mail, James Bradshaw, 9 January 2019 The chief executives of Canada’s largest banks are shrugging off tougher capital requirements introduced by the banking regulator, saying the change will have no impact on plans for acquisitions, dividend hikes or share buybacks. Last June, the .... More »
These are exciting times to be a Canadian investor. In just a few years, advances in FinTech and AI have given Canadians at all income levels access to an array of financial products and services that are both convenient and affordable. It’s no wonder that traffic walking into the big banks is slo.... More »
Identity theft is a global crime where your personal or financial information is stolen to commit fraud in your name. It leads to severe financial and legal struggles. Identity thieves look for any of the following information: Full name Social insurance number (SIN) Driver’s license number Home.... More »
Christmas and New Year’s Day has already come and gone, leaving us to “look forward” to Blue Monday, the (unofficially) most depressing day of the year. In 2019, Blue Monday falls on Monday, January 21, and the day is calculated by factoring in things such as weather and, yes, debt level as people start to receive their credit card statements from December.
Maybe this year you – and your wallet – are feeling the blues from a holiday season of high-spending. Paying down your credit card debt may currently be your number one priority and your new year’s resolution is to be more fiscally responsible. So, instead of leaving your holiday planning to last minute and putting everything on credit, you’re going to plan ahead of time… starting now! It may sound unrealistic – who starts planning for Christmas is January? – but the only way to avoid a hangover is by taking preventative measures. Drink a lot of water and follow these simple steps to never have debt-plagued January again…