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.
Latest News
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Stop calling Canada's latest big idea a sovereign wealth fund | About That - CBC + MORE May 1st
Stop calling Canada's latest big idea a sovereign wealth fund | About That CBCOpinion: Should debt-ridden Canada really be borrowing $25-billion to invest more? The Globe and MailPrime Minister Carney announces the Canada Strong Fund – Canada’s first sovereign wealth fund&n.... More »
Canadians are confident they can spot scams, but should they be? + MORE Jul 29th
A new survey suggests the risk of fraud could be on the rise with nearly one-quarter of respondents saying they or a family member have been the victim of financial scams in the past year. The poll, commissioned by TD and conducted by Leger, found 46% of respondents encounter scams or frau.... More »
What happens to an RESP when a family moves to the U.S.? + MORE May 8th
It’s a familiar story: a family builds their life in Vancouver, does all the right things, opens a registered education savings plan (RESP), contributes diligently, and collects the Canada Education Savings Grant (CESG). Then, an opportunity arises south of the border—a job offer, a lifestyl.... More »
Best bank accounts for side hustles in Canada 2026 + MORE May 20th
More and more Canadians are learning how to hustle, with an estimated 28% of Canadians taking on short-term or freelance work, according to an H&R Block study. Gig work can be great for supplementing your income or paying for unexpected expenses, but you may want to keep that income separate fro.... More »
Are women getting the right advice about RESPs?
– moneysense.ca
When my first child was born in early 2011, I wanted to set up a registered education savings plan (RESP) as soon as possible. My husband didn’t have any student debt of his own, but I’d left university with over $40,000 owing on a line of credit—a huge number that I carried into our marriage a year later.
Knowing firsthand what an emotional and financial burden student debt can be, I was determined to give my kids a better post-secondary experience and a solid foundation for their adult lives.
A little over a month after our daughter’s birth, my husband and I headed to our bank with the baby nestled against my body in a fabric wrap. We opened the RESP together, setting up regular contributions from our joint bank account, and felt good about the investment we were making in our child’s future.
Years later, we have two teenagers and a family RESP with a healthy balance, but I have regrets—and zero access to those funds. Here’s why, plus everything you should know before setting up an RESP for your child…
