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Should I cash my RRSP to pay off my mortgage? + MORE Jan 15th
Ask MoneySense
Is it a good idea to pay off my mortgage with my RRSP money and then put what my mortgage payment was back into the RRSP once I’ve paid it off? What are the pros and cons of this strategy to being mortgage free?
–Mike
Pay off a mortgage or keep investing with RRSPs?
Payi.... More »
What investors need to know about Canada Sep 20th
I will bet there’s not one Canadian (aside from Nordic sports enthusiasts, perhaps) who is excited about the coming winter. With COVID-19 cases rising, the real possibility of more lockdowns ahead and no warm-climate winter vacations to look forward to, the next few months are going to be long and.... More »
Wall St loses ground as bond yields rise; McDonald's, Coca-Cola slip - Reuters + MORE Oct 23rd
Wall St loses ground as bond yields rise; McDonald's, Coca-Cola slip ReutersStock market today: Dow leads stocks lower as Treasury yields tick up Yahoo FinanceNasdaq Futures Fall On Higher Bond Yields Ahead Of Tesla Earnings BarchartStock Market News Today, 10/23/24 .... More »
BCGEU announces end of strikes at liquor and cannabis warehouses - BC News - Castanet.net Aug 30th
BCGEU announces end of strikes at liquor and cannabis warehouses - BC News Castanet.netBCGEU to 'stand down' job action to reflect significant process in negotiations CHEK NewsOut of stock: BC cannabis stores are drying up as hundreds lose their jobs | News Daily Hiv.... More »
The best instant approval credit cards in Canada for August 2023 Aug 30th
Credit Cards
The best instant approval credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect.... More »
Should you consider using joint accounts to avoid probate?
– moneysense.ca
Q. My mother is a widow and I am an only child (single, never married, with one child of my own). Now that she is 83, she thinks she should put my name on all her bank accounts and investments so if she becomes unable, I would have control as joint account holder to pay any bills that come up. My name is already on her condo. Would this avoid probate? We live in Alberta.
–Laurel
A. Joint ownership is a common strategy used by aging parents and their children. It is sometimes recommended by banks, financial advisors and others.
The most common reason parents add a child as a joint account holder is to help with day-to-day administration of an account. However, the same authorization can be provided to banks and financial institutions using an enduring power of attorney in the province of Alberta. This document appoints someone, like you in your mother’s case, to make financial decisions if she is unable or unwilling to make them on her own.
In other provinces, these documents have different names, such as personal directives or mandates…
–Laurel
A. Joint ownership is a common strategy used by aging parents and their children. It is sometimes recommended by banks, financial advisors and others.
The most common reason parents add a child as a joint account holder is to help with day-to-day administration of an account. However, the same authorization can be provided to banks and financial institutions using an enduring power of attorney in the province of Alberta. This document appoints someone, like you in your mother’s case, to make financial decisions if she is unable or unwilling to make them on her own.
In other provinces, these documents have different names, such as personal directives or mandates…
MBNA True Line Mastercard Review
– moneysense.ca
Nobody wants to carry a credit card balance but large purchases, emergencies or unforeseen expenses can throw an ugly blotch onto even the most organized Canadian’s financial picture. At these times it’s crucial to act fast and have a plan to pay down your debt before it grows out of control. Moving your debt to a low interest card, preferably with a great balance transfer offer, is the first line of defence. With its low 12.99% purchase interest rate and 0% balance transfer for 10 months, could the MBNA True Line Mastercard be the best offer in Canada? We dig in to the details.
Quick Card Facts
MBNA True Line Mastercard*
Annual fee: $0
Welcome offer: 0.00% interest on balance transfers for 10 months (a 3.00% transfer fee applies; minimum $7.50 fee, which is the equivalent of 3.00% on a $250 balance transfer)
Purchase interest rate: 12.99%
Income requirement: None
Best feature: The MBNA balance transfer offer is unusually long, offering a full year interest-free, after which time any remaining debt returns to the card’s low standard annual interest rate of 12…
Three new deaths, but B.C. reports fewest new COVID-19 cases in a month – Global News
– news.google.ca
Three new deaths, but B.C. reports fewest new COVID-19 cases in a month Global NewsWill self-isolating lead to more divorces? A family lawyer weighs in CTV NewsSend in your questions for our next COVID-19 town hall with Dr. Bonnie Henry and Adrian Dix Global NewsWhat you need to know about COVID-19 in B.C. on April 16, 2020 CBC.ca’It won’t be enough’: Vancouver mayor says provincial financial relief isn’t sufficient CBC.caView Full coverage on Google News
