This 30-year-old freelancer makes $125,000 a year and pays modest rent living with his parents. Should he invest in retirement or buy a home? + MORE Feb 3rd

Not sure how to make a retirement plan? Read on…
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What types of Tax-Free Savings Accounts (TFSAs) exist? + MORE Feb 10th

A Tax-Free Savings Account (TFSA) is a fantastic way to earn money on your savings, without having to pay tax on those earnings. Registered by the federal government, TFSAs are available to Canadians aged 18 and older. Unlike a Registered Retirement Savings Plan (RRSP), you cannot deduct contributio.... More »

Planning for the (potential) costs of long-term care + MORE Feb 17th

According to the Ontario Long Term Care Association’s report This is Long-Term Care 2019, 82% of long-term care residents are 75 years of age or older, and 55% are 85 or older. Residents under 75 are generally those who “have experienced a brain injury, stroke, and other conditions that require .... More »
This 30-year-old freelancer makes $125,000 a year and pays modest rent living with his parents. Should he invest in retirement or buy a home?Jeremy says his main goal is to save for retirement, but after looking at condos online, he’s trying to decide if that will be a worthy investment.

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Compare the Best GIC Rates in CanadaHow to use this tool: You can simply scan the table below to view GIC interest rates offered by financial institutions across Canada. Click on one of the tabs at the top of the table to focus on your choice of Non-Registered, Registered, TFSA-eligible or U.S.-dollar GICs.
Or, follow the prompts in the six fields at the top of the finder tool to input the amount you wish to invest in a GIC and your preferred investment term, along with other details, and the calculator will automatically display what your total return would be from each of the financial institutions listed. This allows you to compare the options side-by-side and decide which is the best for your money.
Whether you’re looking for a short-term cashable GICs, or want a longer-term investment like an RRSP GIC, this tool will help you find the best GIC rate for your financial needs.
Need more information? Scroll down to read information from our MoneySense editorial team on the types of GICs available; what terms you can choose from and why you might choose a shorter or longer term; how GIC deposits are insured; and four editors’ picks for the best GIC rates in Canada…

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