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?
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The best high-interest savings accounts in Canada for 2023 Jul 19th
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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Applying for a credit card? Here’s what you should know before getting one Jul 7th
The convenience of making purchases with your credit card comes with many advantages, like rewards, perks and a solid credit history. However, if used irresponsibly, this financial tool can lead to unmanageable debt and a low credit score. So, how can you be a responsible credit card owner? I will e.... More »
The best GIC rates in Canada for August 2023 Aug 29th
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The best GIC rates in Canada for August 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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The First Home Savings Account is finally here. Here’s how it can save you thousands in taxes Apr 11th
The new federal plan has some hiccups — it’s still not available at the Big Six banks — but once it’s up and running, it will allow potential buyers to save for their first home tax-free..... More »
The best credit cards in Canada for 2023 + MORE Sep 15th
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The best credit cards in Canada for 2023
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Getting paid in bitcoin: What you need to know
– moneysense.ca
Would you want to be paid in bitcoin? As bitcoin and other cryptocurrencies become more mainstream, your employer might one day give you the option. And if you’re self-employed, you might consider taking payments in crypto—if you can stomach its volatility. Younger generations, in particular, are open to the idea: According to a November 2021 survey by deVere Group, more than a third of millennials and half of Gen Z “would be happy to receive 50% of their salary in bitcoin and/or other cryptocurrencies.”
Adam Charbonneau, owner of AJ’s Plumbing & Heating in the northern Ontario town of Iroquois Falls, has been allowing clients to pay him with bitcoin since May 2021. “I have a strong feeling crypto will take over our finance system as we know it,” he says. “And it’s another option for payment for my customers. It’s fast and secure. I personally prefer that to getting a cheque.”
Charbonneau also likes that bitcoin transactions can be much larger than e-transfers from banks, whose limits range from $3,000 to $5,000 in a 24-hour period…