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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Banks, insurers and telecom companies want to keep you as a long-term customer but don’t often reward your loyalty..... More »
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Will Bank of Canada’s Poloz Pull a Draghi? + MORE Nov 12th
The central banks of Canada and Europe have shocked markets in recent weeks. Last month, the Bank of Canada abandoned its long-standing rate-hike signal. Whether it will follow the Mario Draghi-led European Central Bank and cut rates depends on how inflation pans out..... More »
The Best Canadian Credit Cards of 2015 + MORE Oct 21st
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Canadian banks hacked and the insurance claim you can't make: CBC's Marketplace consumer cheat sheet Jun 3rd
CBC's Marketplace rounds up the consumer and health news you need from the week, including customer data hacked at two Canadian banks, taking car insurance companies to court and the provinces with the best cell phone plans..... More »
Do You Need a Financial Advisor?
– ratesupermarket.ca
Most Canadians start planning for their retirement by walking into their local bank and investing in a Registered Retirement Savings Plan (RRSP). It’s quick, easy, and you get a discount on your annual tax bill. But, eventually (hopefully!) you’ll have enough of a nest egg socked away that you’ll want some professional advice on how to best manage and grow your savings. Here’s where to look for help.
Are You Ready For Professional Help?
If your investments are really small – a couple hundred or thousand dollars a year – filling in one of the various banks’ “risk assessment profiles” and talking with one of their RRSP experts is probably sufficient for the early years of financial planning. But, eventually, you’ll probably want to seek some more sophisticated advice. According to Greg Pollock, president and CEO of Advocis (The Financial Advisors Association of Canada), much of the Canadian public has a misconception that you need to have a certain amount of savings on hand before you can and should meet with a financial advisor…
Do You Need a Financial Advisor?
– ratesupermarket.ca
Most Canadians start planning for their retirement by walking into their local bank and investing in a Registered Retirement Savings Plan (RRSP). It’s quick, easy, and you get a discount on your annual tax bill. But, eventually (hopefully!) you’ll have enough of a nest egg socked away that you’ll want some professional advice on how to best manage and grow your savings. Here’s where to look for help.
Are You Ready For Professional Help?
If your investments are really small – a couple hundred or thousand dollars a year – filling in one of the various banks’ “risk assessment profiles” and talking with one of their RRSP experts is probably sufficient for the early years of financial planning. But, eventually, you’ll probably want to seek some more sophisticated advice. According to Greg Pollock, president and CEO of Advocis (The Financial Advisors Association of Canada), much of the Canadian public has a misconception that you need to have a certain amount of savings on hand before you can and should meet with a financial advisor…
