All about Canadian Savings. Learn the ins and outs and get the latest news. MoneySense Toolkit: The mortgage refinance calculator – moneysense.ca Mortgage payment calculator Depending on your circumstances, refinancing your mortgage can be a smart financial choice. However, while you can reap substantial savings, there can also be high costs when refinancing a mortgage. […]
There are plenty of bank savings account options in Canada! Stay on top of the best plans right here. The best TFSAs in Canada for 2022 – moneysense.ca As the name suggests, tax-free savings accounts (TFSAs) offer a tax break on contribution income—meaning that, unlike with a regular savings account or non-registered investment account, what […]
How to go about securing the best savings strategy in Canada. Why contributing to a TFSA is a good resolution – moneysense.ca If nothing else, tax-free savings accounts (TFSAs) have been a boon to Canadian financial writers and bloggers. Two noteworthy examples: A blog on Boomer & Echo by CFP Robb Engen (also a MoneySense […]
Not sure how to make a savings plan? Read on… CPP vs RRSP: Can you transfer your CPP to an RRSP? – moneysense.ca I’m 40 years old. Can I transfer my accumulated CPP to an RRSP? —Franco I am going to cut to the chase here, Franco. You cannot transfer your Canada Pension Plan (CPP) […]
How to go about securing the best savings strategy in Canada. How to open an RDSP – moneysense.ca Jason Heath gets a lot of calls from clients about registered disability savings plans (RDSPs). Many are interested in setting up the plan, a tax-deferred savings vehicle for people with disabilities, because they’ve heard about the generous […]
Not sure how to make a savings plan? Read on… The tax implications of gifting adult children money and more – moneysense.ca I am a widower, turning 71 before the end of the year. I have annual gross income of about $50,000, cash savings of about $500,000 left from the sale of my principal residence […]
Not sure how to make a savings plan? Read on… How to invest as a teenager in Canada – moneysense.ca If you’re starting to save the money you’ve received from birthdays, holidays and part-time jobs, you may be wondering how you can invest your savings. An important life lesson for any young person is the […]
All about Canadian Savings. Learn the ins and outs and get the latest news. The holidays on a budget: How to avoid credit card debt – moneysense.ca For many Canadians, managing debt is a year-round challenge. Common tips tend to be simplistic or downright insulting (we’re looking at you, “skip your daily coffee”). Staying on […]
How to go about securing the best savings strategy in Canada. How to do your taxes and beat procrastination – moneysense.ca Does anyone actually like to prepare their income taxes? My friends and I—some employed, some self-employed—moan about gathering the necessary invoices and receipts and checking the mail compulsively until all our T4, T4A, and […]
Personal Savings getting you down? There are always smart ways to increase your savings. What is a mortgage? – moneysense.ca Mortgage negotiations can be overwhelming, especially for first-timers. If you’re wondering about mortgages—how they work, what types of mortgages exist, who can apply and how to get approved—you’ve come to the right place. Mortgage: the […]