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How to prepare your finances for coming to Canada + MORE Oct 27th
If you’re moving to Canada (or you’ve recently arrived), you’re probably learning new things about this country—including how our banking system works, how we handle our personal finances and how to find a place to live. The more you know about money, savings and buying a home in Canada, the.... More »
On business tax, Liberals need to catch up to the U.S. + MORE Dec 18th
Finance Minister Bill Morneau speaks to members of the media as Prime Minister Justin Trudeau looks on at a press conference on tax reforms in Stouffville, Ont., on Monday, October 16, 2017. (Nathan Denette/CP)
If you disliked the sight of your majority government bending the knee for the small-busi.... More »
How Do You Measure Your Rate of Return? May 27th
All investors care deeply about their returns, and with good reason. If you’re an active investor, you’ll want to compare the performance of your portfolio to an index benchmark to see whether you (or your advisor) added value with stock selection or market timing. Even if you’re a.... More »
Canada’s best balance transfer credit cards 2021 + MORE Dec 31st
Are you working on a plan to become debt-free but are paying a lot of interest on purchases made on your existing high interest card? A balance-transfer credit card, which allows you to move the balance from your current cards over to a new card with a lower interest rate (some as low as 0%) can be .... More »
Air Miles expands offerings, including ways to earn and redeem + MORE Jul 6th
Air Miles has unveiled its new brand platform, complete with an aspirational tagline that aims straight at Canadians’ revenge-travelling hearts: “Collect more moments.”
As you might recall, BMO Financial Group bought Air Miles in March 2023, after the program’s owner, Loyalty Ventur.... More »
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
The elusive definition of financial independence
– moneysense.ca
( Norbert Schafer/Getty Images)This Financial Independence column at MoneySense (online and in the physical magazine) has been running a few years now. Since it also spawned November’s launch of the Financial Independence Hub, I thought it would be appropriate to look at the formal definitions of financial independence (which of course I like to shorten to Findependence).
Usually, I just point readers to the Wikipedia definition, since it’s at the top of the Google search engine when you enter the phrase. The key part is “the state of having sufficient personal wealth to live, without having to work actively for basic necessities.” I’ve written about this before and you can go to the above link for the full definition, but for this particular blog, I wanted to explore other definitions.
Here’s BusinessDictionary.com’s definition of financially independent: “Individual or family that can provide for, from its own resources, at least two of the three major expense categories: housing, food, and other living expenses…
4.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2015-04-01. Click on the link above to get more details or apply online.
3.5 year – 2.10%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2015-04-01. Click on the link above to get more details or apply online.
