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
Stock news for investors: Iamgold expands, Teck advances merger talks, and Wealthsimple hits $100B milestone + MORE Oct 23rd
Here’s a round-up of news for Canadian investors this week.
Iamgold
Teck Resources
Mullen Group
Wealthsimple
West Fraser Timber
Featured RRSP Accounts
featured
EQ Bank
Bu.... More »
Stock news for investors: Laurentian bank and BRP Jun 5th
Here’s a round-up of news for Canadian investors this week.
Laurentian bank
BRP Inc
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 2.00% interest, tax.... More »
Heading to college or university? Follow these smart money habits Aug 13th
New-found freedom and an early taste of adulthood await many young adults starting post-secondary education this fall.
With freedom comes responsibilities: attending classes and studying while also maintaining a social life and making time for chores, meals and maybe even a part-time job—all .... More »
Sales up, prices down in GTA housing market Oct 6th
Toronto-area home sales rose in September while prices continued to decline, as the city’s real estate board says the market could continue heating up amid ample choice and lower borrowing costs.
The Toronto Regional Real Estate Board said the 5,592 homes sold last month was up 8.5% from Se.... More »
Term vs. permanent life insurance: How to choose what’s right for you + MORE Oct 8th
Life insurance can protect your loved ones financially after you’re gone, but picking the right kind can protect your wallet even when you’re alive. Generally, there are two kinds of life insurance: term life insurance and permanent life insurance. Permanent life insurance provides lifel.... More »
How the Liberals’ re-election impacts RRIFs, taxes and more
– moneysense.ca
The Liberals held on to power in the recent federal election, and this has tax implications for Canada’s seniors and other taxpayers—in particular, for retirees and their strategies for their registered retirement income fund (RRIF) this year and possibly in the future.
Reduced RRIF minimum withdrawals
The Liberals’ primary RRIF proposal is to decrease the minimum withdrawal that is required for 2025. The party announced on April 7, 2025, its intention to “protect retirement savings by reducing the minimum amount that must be withdrawn from a Registered Retirement Income Fund (RRIF) by 25% for one year. This will allow Canadian seniors more flexibility in choosing when to draw from their retirement savings.”
This proposal was made in response to U.S. tariffs, which have created economic uncertainty and triggered stock market volatility in recent weeks. Reducing RRIF minimum withdrawals is a measure to “help Canadian seniors and retirement savings weather this storm…
