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Climbing Debt, Diminishing Savings Highlighted in CBC Documentary + MORE Mar 8th
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 »
25 timeless personal finance tips from MoneySense + MORE Jan 30th
To help celebrate MoneySense’s 25th anniversary, we are republishing (and updating) an article from the June 2014. The editors collected some timeless financial advice and money tips from the archives. Editor- and expert-approved, and fit for 2023 and beyond.
1. Pay yourself first
.... More »
My three kids chose different educational paths. How do I withdraw RESP funds in a way that’s fair to them and avoids unnecessary taxes? Jul 25th
Q. I have a Registered Education Savings Plan (RESP) for my three children, the youngest of whom is starting university this fall. We have made some withdrawals for the older two kids but the plan is still well-funded. Our middle child has decided to pursue a co-op university program, which is esse.... More »
’Tis the season for tax-loss selling in Canada + MORE Dec 11th
With 2023’s year-end fast approaching, late December is a critical period for Canadian investors and their money managers. Now that we’re in the fourth quarter, this is the time to take inventory of your investments—and specifically taxable non-registered investment accounts—with an eye to m.... More »
Asset location: Where to hold investments for tax savings + MORE Oct 17th
If you’ve ever put together an investment plan, you’re familiar with asset allocation. That’s the mix of stocks, bonds, real estate and other investments driving the expected risk and return of your portfolio. But you may have given less thought to asset location, or how those assets are distr.... More »
Q. I have been retired and living in the Philippines since 2009. I file my taxes as a non-resident of Canada. I have an RRSP, a LIRA, as well as a non-registered account with a major Canadian bank. My world income is 100% from Canada consisting of CPP, systematic withdrawals from retirement savings, and OAS to follow when I reach 65 next year. When monies are withdrawn the bank retains a 25% holdback for taxes. When I file my non-resident taxes I get a partial refund as my withdrawals to date have been minimal hence my tax rate has been less than 25%.
My question has to do with taxes being withheld from dividends earned from both my registered and non-registered stocks. The bank also deducts a withholding tax from dividends as they are paid out. I do not receive an information slip for taxes withheld from dividends. These dividend-paying funds were purchased when living and working in Canada during my long career. They are primarily held in U.S. funds. Why am I being taxed on these dividends without receiving an information slip?
Thank you in advance, Gregor
A…
Canada’s Best Credit Cards 2019
– moneysense.ca
It goes without saying that finding the right credit card could save you hundreds if not thousands of dollars a year. Whether you’re looking for lower fees, higher net reward points 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 balance monthly and find the right rewards program for you, you’re sure to come out ahead. There’s a slew of credit card options out there, so making a choice can be perplexing. To help you find a keeper or two, MoneySense has done a lot of the heavy lifting for you.
To come up with Canada’s Best Credit Cards 2019, we tapped our credit card tool, which is powered by our partner Ratehub.ca‡. The methodology took into consideration numerous factors, including welcome bonuses, great cash-back value, rental car discounts, flexible travel with no restrictions, high cash-back value, superb insurance packages, and more. Ratehub.ca provides us with results based on their algorithms and the team at MoneySense uses that information and also makes additional considerations when determining the final rankings…
To come up with Canada’s Best Credit Cards 2019, we tapped our credit card tool, which is powered by our partner Ratehub.ca‡. The methodology took into consideration numerous factors, including welcome bonuses, great cash-back value, rental car discounts, flexible travel with no restrictions, high cash-back value, superb insurance packages, and more. Ratehub.ca provides us with results based on their algorithms and the team at MoneySense uses that information and also makes additional considerations when determining the final rankings…
Canada’s Best No Fee Rewards Credit Cards 2019
– moneysense.ca
Sure, top cards in this category aren’t as rich in rewards as the best credit cards that require you to pay an annual fee. But they can still deliver a slew of rewards—everything from limitless cash-back to no restrictions on travel. So whether it’s cash back that you want, no foreign transaction fees or rich travel rewards, these no-fee credit cards offer gold plated payback to your bottom line.
The best no fee credit cards in Canada 2019
The best no fee credit cards in Canada 2019
Tangerine Money-Back — Best for cash back
Rogers World Elite MasterCard — Best for no foreign transaction fees
MBNA Rewards Platinum Plus MasterCard — Best for travel points
SimplyCash Card from American Express – Honorable mention
More on the best credits cards – View a complete list of top cards by category
Our methodology – For greater insight into our rankings
Best no fee credit card for cash back
Tangerine Money-Back*
Earns great rewards: 2% cash back in two spending categories of your choice from 10 different options as well as the choice of a third category to get 2% back on if you also have a Tangerine Savings Account…