There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
Millions of Canadians file their tax returns late—and if you’re one of them, you may figure that with so many others in the same boat, surely the transgression can’t be too terrible.… Right? Well, no. Assuming you have a refund coming, it’s not a great financial plan to let Canada Revenue .... More »
Finding the right credit card could save you hundreds, if not thousands, of dollars a year. Whether you’re looking for lower fees, more rewards or simply valuable perks like travel medical insurance or rental car savings, every dollar counts. If you use your credit card wisely, pay off your balanc.... More »
If you have joined the ranks of the self-employed, you’re in good company: According to Statistics Canada, 2.9 million Canadians run their own business. That’s 15% of the population, and the number is growing. Don’t forget, though, that with your new status comes a new relationship with the Ca.... More »
Saving up to buy your first home? Here’s why you should do it in a TFSA instead of an RRSP + MORE Dec 21st
Both allow your savings to compound tax-free, but for most younger first-time home buyers, the more flexible TFSA comes out on top..... More »
It seems like Fall is just getting started. But it’s already time to start thinking about the holidays — especially if you want to save money. Often, a little foresight and planning can reduce your spending. These are some tips to get you started on the way to a January free of holiday debt.
1. Develop a Spending Plan
Start by looking back to years past. That gives you a sense of your typical obligations. Identify your major categories of food, decorations, travel, and gifts, and break down what you usually spend.
This may be a painful process, but it gives you the information you need to develop a realistic budget for the upcoming holiday season. If you can, make note of areas of waste that you don’t want to repeat. For example, decorations you bought on impulse but never used.
2. Start Saving Early
Ideally, you put aside a small amount throughout the year to pay for the holidays. You can start this process a few months before December as well. Break down your budget into manageable chunks and place it into a savings account…