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The best GIC rates in Canada for 2025 + MORE Mar 17th
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.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
TFSA contribution room calculator + MORE Jan 10th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
TFSA is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like exchange-traded funds .... More »
What it costs to take money out of an RRSP + MORE Feb 11th
At this time of year, everyone wants you to put money into an RRSP. Here’s how to minimize the tax bite when you take it out..... More »
MoneySense’s free Excel template for your monthly budget + MORE Feb 14th
Download:
MoneySense monthly budget Excel template
Instructions:
Click the link or image above to download the spreadsheet tool.
Open the file. Enter your personal and household expenses in the columns titled “Planned” and “Actual.” You can use the “Insert” functio.... More »
For a child’s dreams, are parents going for gold, or broke? + MORE Aug 1st
The Olympics spark hope in many a child of going for the gold. But in financially supporting those dreams, some parents are going for broke.
For his 15-year old son’s travel hockey team, Tim Richmeier was spending about $5,000 a season: using his tax refunds, halting contributions to his 401(k.... More »
AP source: JPMorgan would pay $13B under tentative deal over mortgage-backed securities
– canadianbusiness.com
WASHINGTON – JPMorgan Chase & Co. has tentatively agreed to pay $13 billion to settle allegations surrounding the quality of mortgage-backed securities it sold in the run-up to the 2008 financial crisis, a person familiar with the negotiations between the bank and the federal government said Saturday.
If the agreement is finalized it would be the government’s highest-profile enforcement action related to the financial meltdown that plunged the economy into the deepest recession since the Great Depression of the 1930s.
The person, who spoke on condition of anonymity because the deal has not been finalized, said Attorney General Eric Holder, Associate Attorney General Tony West, J.P. Morgan CEO Jamie Dimon and the bank’s general counsel, Stephen Cutler, negotiated the tentative settlement in a Friday night phone call.
The person said the tentative agreement does not resolve a criminal investigation of the bank’s conduct. It is being handled by federal prosecutors in Sacramento, Calif…
If the agreement is finalized it would be the government’s highest-profile enforcement action related to the financial meltdown that plunged the economy into the deepest recession since the Great Depression of the 1930s.
The person, who spoke on condition of anonymity because the deal has not been finalized, said Attorney General Eric Holder, Associate Attorney General Tony West, J.P. Morgan CEO Jamie Dimon and the bank’s general counsel, Stephen Cutler, negotiated the tentative settlement in a Friday night phone call.
The person said the tentative agreement does not resolve a criminal investigation of the bank’s conduct. It is being handled by federal prosecutors in Sacramento, Calif…
