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.
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The best GIC rates in Canada for 2024 Oct 16th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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The best credit cards in Canada for 2024 Mar 1st
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The best credit cards in Canada for 2024
Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport access, we can help.
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Bank regulator imposes tighter restrictions on Wells Fargo Nov 20th
WASHINGTON – A federal banking regulator has imposed tighter restrictions on Wells Fargo & Co., requiring the banking giant to get advance approval from regulators before making a wide range of business decisions.
The Office of the Comptroller of the Currency, which oversees national banks.... More »
The best travel credit cards in Canada for 2024 Aug 8th
Credit card comparison tool
Compare your travel card options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and more.
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Forgot to File Your Taxes Last Year? What You Need to Know Apr 28th
If filing your taxes before the deadline went over your head this year, procrastinating can make things worse.
Unlike sales tax, which you pay on the spot, Canada’s income tax system is based on self-assessment. Make your money, plan your affairs as best you can and then, pay up.
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6th place: Jin, $70,474
– moneysense.ca
(iStock)Jin Won Choi // 32 // London, Ont.
TFSA: $70,474
Investment strategy: Flexible and opportunistic
You may remember Jin Won Choi, a software developer with a Ph.D in mathematics, from our TFSA contest winners a year ago. Jin came in fifth in 2013 with a TFSA total of $50,876. And even though he now has $20,000 more than last year his ranking has slipped to sixth. “This year the stock markets were much more volatile and I had to do some creative things to boost my returns.”
Although Jin has invested in blue-chip and small-cap stocks, he’s had the most success with micro-caps—those with a market capitalization of $50 to $300 million. But he changed his strategy in 2014. Believing that the bull run of the last five years was due for a correction, Jin bought put options—contracts that allow the holder to sell a specified amount of stock at a set price within a specified period. (Buyers of put options believe the underlying stock will drop in price.) Jin bought put options on several holdings, including iShares S&P/TSX 60 Index Fund (TSX: XIU), which tracks large-cap Canadian stocks, as well as on a couple of banks and energy stocks…
How you can help your local food bank
– canadianliving.com
Nearly 850,000 Canadians rely on food banks every month, according to HungerCount 2014, Food Banks Canada’s report on hunger and food-bank use. Here’s how you can help.
