Learn more about Canada’s top banks rates, rules and the latest news – read on!
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Is now the time for retirees to sell stocks and buy GICs? Aug 2nd
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My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
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The best high-interest savings accounts in Canada for 2024 Jul 29th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Video: How the Bank of Canada’s interest rate affects you Apr 13th
Think of the Bank of Canada (BoC) as the “influencer of all influencers” when it comes to interest rates. Banks and other financial institutions follow its lead. Learn more about how the BoC’s overnight interest rate impacts you in this short video, featuring MoneySense executive editor Lisa H.... More »
The best GIC rates in Canada for 2024 Jul 25th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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The best high-interest savings accounts in Canada for 2024 + MORE Aug 6th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
Compare now
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First home savings account (FHSA) highlights
The FHSA is a type of registered account that allows you to contribute up to $8,000 annually, up to a lifetime limit of $40,000, to save for the purchase of your first home.FHSAs are scheduled to become available as early as April 1, 2023. However, availability will vary by financial institution. Many are expected to launch their FHSA later in 2023.
The FHSA is a type of registered account that allows you to contribute up to $8,000 annually, up to a lifetime limit of $40,000, to save for the purchase of your first home.FHSAs are scheduled to become available as early as April 1, 2023. However, availability will vary by financial institution. Many are expected to launch their FHSA later in 2023.
Canadians will soon be able to boost their savings for a down payment on a home with a new type of registered account. The first home savings account (FHSA) creates up to $40,000 in tax-free savings room for first-time home buyers who face barriers to entry into the real estate market. In this article, we’ll explain why the FHSA was created, how it works, and how you can maximize its potential—whether or not you’re saving for a home. (More on using it outside of home ownership later on.)
The best FHSA in Canada
Banks and other financial institutions can begin rolling out their FHSAs as early as April 1, 2023…
