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The best GIC rates in Canada for 2025 + MORE Jan 12th
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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 high-interest savings accounts in Canada for 2025 + MORE Sep 2nd
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Making sense of the markets this week: May 31, 2021 May 28th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Canadian banks attract investors—and criticism
The Canadian banks have started reporting first quarter earnings, and they’re off to a roaring start.
At the same time, th.... More »
The best GIC rates in Canada for 2026 + MORE Apr 21st
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Best rewards debit cards in Canada for 2023 + MORE Jun 13th
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The best rewards debit cards in Canada for 2023
These are the debit cards that can earn you rewards like cash back, PC Optimum points, Scene+ points and Air Miles.
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Q. I am torn about making a key financial decision in my life. First, a little about myself. I worked for about seven years (actually, six years and 360 days) as a teacher in the Arctic. I resigned this year and have returned to the “south.”
Now, I have about a year to decide whether I cash out my federal public service pension plan or transfer the holdings into an annuity (about $93,000) and RRSP (about $71,500).
I have consulted with a financial planner at one of the large banks, who has made a seemingly convincing argument in favour of transferring the entire pension amount out. But I am well aware that I don’t know enough to be able to ask the right questions and make an informed decision. I am also aware the bank will benefit from my investment, as will my financial planner.
Can you give me some good advice on what I should do at this important juncture in my financial life?
–Kathy
A. I recently wrote an article on making the decision to keep your pension or take the cash, and you can read it here…
Now, I have about a year to decide whether I cash out my federal public service pension plan or transfer the holdings into an annuity (about $93,000) and RRSP (about $71,500).
I have consulted with a financial planner at one of the large banks, who has made a seemingly convincing argument in favour of transferring the entire pension amount out. But I am well aware that I don’t know enough to be able to ask the right questions and make an informed decision. I am also aware the bank will benefit from my investment, as will my financial planner.
Can you give me some good advice on what I should do at this important juncture in my financial life?
–Kathy
A. I recently wrote an article on making the decision to keep your pension or take the cash, and you can read it here…
How to Use Your Credit Card Rewards to Give Dad a Fantastic Father’s Day
– ratesupermarket.ca
Father’s Day is just around the corner on Sunday, June 21, 2020, to be exact. If it slipped your mind, don’t worry, you still have time to grab a gift and plan something special. Whether you are preparing to host a virtual brunch or a socially distanced backyard barbeque, you can celebrate dad on a budget.
Fathers from coast to coast
Consumer facts about Father’s Day
How to treat your dad on a budget
But first, here are some fun facts about fathers in Canada.
Fathers from coast to coast
According to Statistics Canada, there are at least 8.6 million fathers and father figures in Canada. There are so many to celebrate!
Consumer facts about Father’s Day
According to the National Retail Federation (NRF), 75% of our neighbours to the south plan to celebrate Father’s Day this year, with 58% likely to hold virtual celebrations.
Gifts
Only 59% of consumers plan on purchasing a greeting card, down 3% from last year. Special outings saw the most significant decrease in popularity, down 6% from the year before, likely due to the pandemic…
