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The best TFSAs in Canada for 2022
– moneysense.ca
Watch: What is a TFSA
The best TFSA accounts in Canada for 2022
Read on to learn the basics about TFSAs and browse the best TFSA rates and accounts for Canadians to determine which account suits your needs best. These accounts have been listed based on their individual rates of return, security and other benefits…
Best chequing accounts in Canada 2022
– moneysense.ca
These are current accounts offered by Ratehub partners. You can find information about additional product options and MoneySense editor’s picks further below.
Summary of the best chequing accounts in Canada for 2022
Best no-fee: Simplii Chequing Account
Best student account: Scotiabank Student Banking Advantage Plan*
Best basic accounts from a big bank: Scotia Basic Banking Account*, RBC Day to Day Bank Account
Best premium bank account for bundling: Scotiabank Ultimate Package*
Best rewards account: PC Money Account
Best online-only accounts: Motive Chequing Account, motusbank No-Fee Chequing Account
If you’d like more information about the features offered by each of these accounts—from great interest rates, to no fees, to the ability to earn rewards—check out the table below, or jump ahead to the detailed profiles below…
The best RRSP investments 2022
– moneysense.ca
You can open an RRSP and contribute income up until the year you turn 71, at which point it has to become a registered retirement income fund (RRIF) and you begin to withdraw the money as taxable income. Read on to learn about the best RRSP accounts in Canada.
The best RRSP accounts in Canada for 2022
Best RRSP savings account: EQ Bank RSP Savings Account* (1…
A guide to the best robo-advisors in Canada for 2022
– moneysense.ca
“You had me at low fees!” That was our reaction to the arrival of robo-advisors in Canada, beginning in 2014. Faced with few alternatives to mutual funds and self-directed brokerage accounts, young and middle-income investors embraced the option of having their savings passively managed in a bundle of exchange-traded funds (ETFs) matched to their goals and risk tolerance for about a penny on the dollar per year: A perfect set-it-and-forget it solution for people with better things to do. It would seem all robo-advisors are the best, right?
Fast forward to today and the honeymoon atmosphere has dissipated. Against the backdrop of an extraordinarily long-lived bull market in stocks, active management has made a comeback (not least in the ETF space), exotic asset classes like cryptocurrency are on the rise, and new competition is coming from asset-allocation ETFs that do the job of portfolio management all in one security.
Suddenly robo-advisors find themselves having to prove their worth anew, all the while trying to establish a profitable business model in a low-margin corner of the investment universe…