There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
RANDALL BAKER Age: 65 Location: Winnipeg Occupation: Worked in manufacturing and safety deficiencies but now retired TFSA total: $29,632 RANDALL’S TFSA HOLDINGS iShares Canadian financial monthly ETF (FIE.TO) $29,632 TOTAL: $29,632 Randall Baker .... More »
Q: I’m 81, single, female, with around $265,000 in a RRIF (invested in two different financial institutions, both mutual funds). My withdrawal is about $12,000 a year. How can I minimize tax payable (by my beneficiaries) at death? — Lydia A: The tax savings and deferral from contributing t.... More »
With the March 1 RRSP deadline just a few weeks away, many savers are no doubt asking themselves whether they should be putting money into this stalwart retirement account or if they should be investing in the decade-old tax-free savings account, or their Registered Education Savings Plan (RESP), in.... More »
At this time of year, it seems like the financial world is awash with information on what is a Registered Retirement Savings Plan (RRSP), the benefits of having one, and how to start one. But there are still a few planning points that Canadians either aren’t aware of or don’t know how to fully .... More »
When it comes to debt management, many Canadians are struggling to keep up, with their housing situation being a source of stress. That was one of the key takeaways from the latest episode of CBC Television’s The Stats of Life, which focused on Canadian statistics surrounding savings (or lack.... More »