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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Responsible investing—that is, investing that takes into account environmental, social and governance (ESG) factors—has received a lot of attention in recent years, but is that reflected in how Canadians choose to invest?
According to the 2023 Canadian Responsible Investment Trends .... 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 »
Your Next Home May Be in the Metaverse Jul 7th
Krista Kim’s dream home didn’t exist, so she built it herself—in the metaverse. In 2020, cooped up with her two kids in a Toronto condo during the Covid lockdown, the digital artist began designing her perfect escape, leaving no detail overlooked. She sketched out a glassed-walled bungalow vil.... More »
Alibaba Stock and Tencent Are Tumbling. This Time, Blame the Metaverse. - Barron's + MORE Feb 21st
Alibaba Stock and Tencent Are Tumbling. This Time, Blame the Metaverse. Barron'sView Full coverage on Google News.... More »
What affects the price of bitcoin? + MORE Mar 21st
I recently bought some bitcoin. I know that it’s volatile and that it will go up and down. But to better understand what’s happening, can you explain what affects the price of crypto? What makes it go down (and so dramatically)? What would make it go back up or at least bounce back? Any insights.... More »
With the recent news that bank fees have increased during the pandemic and challenger banks like Neo Financial promising no fees on accounts, switching banks may be at the forefront of your mind. But having a good understanding of bank fees—what they are, how they’re determined and the kind of service you can expect without paying them—will help you make the best banking decision for your lifestyle. Read on to learn the information you need to know about bank fees.
Types of bank fees and the services they provide
The type and amount of fees charged vary by institution, so it’s always important to do your homework. Here are some common and not-so-common fees charged by banks and other financial institutions.
Monthly service fees
This is a flat rate charged each month to keep your account active. You can expect to shell out around $4 for a no-frills account and more for perks like cheques or unlimited transactions. Some accounts require you to maintain a minimum balance at all times or you’ll incur additional fees…
Types of bank fees and the services they provide
The type and amount of fees charged vary by institution, so it’s always important to do your homework. Here are some common and not-so-common fees charged by banks and other financial institutions.
Monthly service fees
This is a flat rate charged each month to keep your account active. You can expect to shell out around $4 for a no-frills account and more for perks like cheques or unlimited transactions. Some accounts require you to maintain a minimum balance at all times or you’ll incur additional fees…
