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.
Latest News
What can I hold in an FHSA? Jan 9th
Would Canadians have access to different account types such as GICs and self-directed investing when it comes to the new tax-free first home savings account, which is rumoured to be introduced this year?It seems this would only make sense as it’s the case with other tax-sheltered accounts (i.e.... More »
Making sense of the markets this week: November 27, 2022 Nov 26th
This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors.
It’s wonderful to be back writing “Making sense of the markets this week” at MoneySense. I am gladly filling in for a few weeks while Kyle Prevost is away on a drea.... More »
How to Choose a Co-Branded Credit Card Dec 5th
You can find co-branded credit cards offered by retail stores, airlines, and even tech companies. These credit cards help companies because they encourage you to spend money with their organization. If used carefully, co-branded cards can help save you a lot of money. Here’s what to consider..... More »
Making sense of the markets this week: May 22 May 21st
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
All that glitters is not Crypto
“It’s going to replace the world’s currency for day-to-day transactions.” they said.
“The fees are.... More »
To Spend or Not to Spend: What to Do with Your Travel Rewards Points Amid a Global Pandemic May 11th
Travel came to a screeching halt in the second week of March. Since then, travel programs and third-party providers have been working with members to reimburse rewards and cancel itineraries. Cardholders are without a choice but to postpone their upcoming vacations indefinitely. But that doesn’t .... More »
Planswell Review: Free Financial Planning for Canadians
– canadianfinanceblog.com
These are exciting times to be a Canadian investor. In just a few years, advances in FinTech and AI have given Canadians at all income levels access to an array of financial products and services that are both convenient and affordable. It’s no wonder that traffic walking into the big banks is slowing to a crawl. On the investment front, robo-advisors have been at the leading edge of much of this change, and brands such as Wealthsimple and Nest Wealth are becoming household names.
Planswell is another one of those companies that have entered the robo-advisor space, offering low-cost investment portfolios that can be purchased and managed completely online. But Planswell isn’t all that comfortable with the robo-advisor label, and for good reason. To understand what drives Planswell, look no further than the name. The company was founded in 2016, on the principle that financial planning should be available to everyone, at a very low cost. In other words, Planswell eschews the model used by traditional financial planners, where advice often comes with high fees and a healthy dose of bias…
Planswell is another one of those companies that have entered the robo-advisor space, offering low-cost investment portfolios that can be purchased and managed completely online. But Planswell isn’t all that comfortable with the robo-advisor label, and for good reason. To understand what drives Planswell, look no further than the name. The company was founded in 2016, on the principle that financial planning should be available to everyone, at a very low cost. In other words, Planswell eschews the model used by traditional financial planners, where advice often comes with high fees and a healthy dose of bias…