The “Big Five” Canadian banks offer investment funds and 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). Let’s explore the best place for you to invest.
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The process of unlocking a LIRA account in Canada + MORE Feb 1st
Thank you for “How to get money out of locked-in retirement accounts”.
I have a federally regulated LIRA. I’m 55. I’m looking to unlock 50% of the balance. I came across your article while seeking some LIRA/LIF/RRSP information.
I’m getting conflicting information regarding t.... More »
Benefits, fees, hidden perks: Choosing the right credit card for your lifestyle Mar 5th
Critical to building a credit history, credit cards are a rite of passage into financial adulthood.
Even if you’re debt-phobic or have heard too many horror stories of people maxing out their cards, you can’t skip this step.
Cindy Marques, certified financial planner and director at Open A.... More »
U.S. to send 2,500 Marines to Middle East as Iran, Israel continue to exchange attacks - CTV News Mar 14th
U.S. to send 2,500 Marines to Middle East as Iran, Israel continue to exchange attacks CTV NewsLive updates: Iran war news; US strikes military assets on Kharg Island oil export hub CNNWhy the US Attack on Iran’s Kharg Island Is a Worry for Oil Markets Bloomberg.co.... More »
How does a U.S.-dollar TFSA work? May 21st
Ask MoneySense
I just set up an American dollar TFSA to complement my existing TFSA. I do not know how the contribution gets calculated, and the goal is to not overcontribute with the sum of these.
—Michelle
An investor can open more than one tax-free savings account (TFSA). There are no r.... More »
The best Mastercard credit cards in Canada for 2024 + MORE Oct 18th
Credit card comparison tool
Compare Mastercard credit cards available in Canada using our interactive tool below. You can filter cards based on rewards value, annual fees, income requirements and more.
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The best Mastercard credit cards in Canada
Mastercard is one of the .... More »
Are House and Land Packages Good Investments?
– investitwisely.com
Whether you’re tossing up between purchasing an apartment, townhouse, established home or new build for your next investment, each type of property comes with its respective pros and cons. If you’re considering the prospect of building your next investment by purchasing a house and land package, there are a few things you should consider before jumping in head first.Let’s take a look at some of the things you should consider before you decide if it’s the right fit for your portfolio.
Affordability
One of the most appealing factors of house and land packages is the value for money they offer. Basically, you get a whole lot of house for a comparatively affordable price.
Depending on the local market conditions in the city you’re purchasing in, you can generally purchase a brand new three or four-bedroom house on a large block of land for a good price. For example, four-bedroom house and land packages in Melbourne sell for around the same price as two-bedroom townhouses closer to the city…
