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The best high-interest savings accounts in Canada for 2025 + MORE Oct 14th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Why are mortgages so expensive in Canada? + MORE Sep 26th
Interest rates have trended steadily lower over the late summer, and as a result, Canadians are finding it slightly easier to buy real estate. Prices are coming down, but Canadian mortgages are still expensive.
This is according to the latest home affordability report compiled by Ratehub (which o.... More »
‘See people, not the virus’: HIV Edmonton aims to end stigma on World Aids Day - CTV News Dec 2nd
‘See people, not the virus’: HIV Edmonton aims to end stigma on World Aids Day CTV NewsMessage from the Minister of Health and the Minister of Indigenous Services on World AIDS Day and Indigenous AIDS Awareness Week canada.caHIV rates on the rise since start of COVID-19 pan.... More »
Stock market news for Canadian investors: Loblaw, Walmart and more Feb 21st
Companies that reported earnings this week
Gildan
Loblaw
Walmart
Gildan Activewear reports $132.3M Q4 profit, raises dividend 10%
Source: Google
Gildan (TSE: GIL)
(All figures in U.S. dollars.)
Q4 profit: $132.3 million or 86 cents per diluted share, down from $153.3 mill.... More »
‘Let them do their dirty work’: School trustees react as Ford government takes over 4 boards, including Toronto public and Catholic, over finances - Toronto Star Jun 27th
‘Let them do their dirty work’: School trustees react as Ford government takes over 4 boards, including Toronto public and Catholic, over finances Toronto StarOntario Taking Action to Restore School Board Financial Stability ontario.caFord government sends supervisors into .... More »
Reddit: Social media firm’s shares jump in stock market debut BBC.comReddit stock gains 48% on first day of trading Yahoo FinanceReddit shares soar on first day of public trading The GuardianReddit IPO: Stock soars after making public market debut Global NewsReddit (RDDT) Shares Surge as Stock Begins Trading at $47 Each Bloomberg
How to cope with the RRSP-to-RRIF deadline in your early 70s
– moneysense.ca
As I wrote in my previous column on Fred Vettese’s PERC, I’ve reached the age when my registered retirement savings plan (RRSP) will soon have to be converted to a registered retirement income fund (RRIF) and/or annuitized. I turn 71 in early April, which means I have until the end of December 2024 to wind up my RRSP. Thousands of baby boomers will be in the same boat as me this year, so this column shares what I’m learning about this process.
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The latest you can receive your first RRIF payment
Here’s how Matthew Ardrey, senior financial planner at Toronto-based firm Tridelta Financial, sees RRSP-to-RRIF conversions: “By the year in which one turns 72, the government mandates that the taxpayer convert their RRSP to a RRIF and draw out at least the minimum payment. The minimum payment is calculated by the value of the RRIF on January 1 multiplied by a percentage rate that is tied to the taxpayer’s age…
