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How much credit card debt does the average Canadian have? + MORE Jan 2nd
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
What to do if you haven’t filed an income tax return + MORE Jan 11th
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 »
The best high-interest savings accounts in Canada for 2024 + MORE Nov 5th
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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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Eight solid alternatives to the Capital One Costco Mastercard for Canadians + MORE Jun 6th
Costco wasn’t the world’s first retail warehouse club, but in the nearly 35 years since opening in Canada, it’s become a staple shopping destination for families and groups who want deep discounts on bulk buys. The way that Costco works is that it relies on membership—you can’t walk into a.... More »
2021 tax season primer: Our roundup of the best tax tips for Canadians + MORE Nov 21st
Doing your taxes can be a bit like building IKEA furniture. There are lots of different pieces, the instructions aren’t always clear, and it’s often feels like it could be easier just to call in the hired pros. That’s why we rounded up our favourite expert tax advice. Whether you’re going fu.... More »
6 Tips to Save on Your Holiday Budget
– ratesupermarket.ca
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…
