Not sure how to make a savings plan? Read on…
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Best online brokers in Canada for 2020 Mar 13th
NOTE: These rankings are based on data collected before June 1, 2020 and do not reflect changes which may have taken place since then.
A penny saved, as they say, is a penny earned. That’s certainly the case for Canada’s self-directed investors, who are embracing the ultra-low fees offered by .... More »
How to invest as a teenager in Canada + MORE Mar 13th
If you’re starting to save the money you’ve received from birthdays, holidays and part-time jobs, you may be wondering how you can invest your savings. An important life lesson for any young person is the habit of saving—so, investing for some teenagers can be the next step.
In Canada.... More »
Can you put an inheritance into a joint account? + MORE Jul 1st
An inheritance can raise questions about taxes, family law, and how to manage the money. This article focuses on the income tax considerations for married and common-law couples who invest inherited funds.
Taxation of an inheritance
First off, the receipt of an inheritance is generally not tax.... More »
How to invest as a teenager in Canada + MORE Aug 13th
If you’re starting to save the money you’ve received from birthdays, holidays and part-time jobs, you may be wondering how you can invest your savings. An important life lesson for any young person is the habit of saving—so, investing those savings for some teenagers can be the next step. .... More »
Reasons to consider early RRSP and RRIF withdrawals + MORE Oct 24th
Workers contribute to their registered retirement savings plans (RRSPs) during their working years, with the hope of paying a lower tax rate on withdrawals than the tax rate they save when contributing. Even if the tax rates are similar, there can be a benefit to the tax deferral and compounding of .... More »
Canada’s best credit cards 2020
– moneysense.ca
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 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, and it can be challenging to find the best deal—but this list of best credit cards in Canada is here to help. We’ve highlighted the best in 13 different categories so that you can zero in on the ones that fit your spending habits, and offer features you truly value. Remember, this ranking is the starting point; the final decision is yours to make. The best credit cards in Canada 2020
Card
Rewards / Features
Annual fee
American Express Cobalt
(get more details)*
5 pts/$1 on groceries and dining
2 pts/$1 on travel, gas and transit
1 pt/$1 on everything else
$120
Scotiabank Gold American Express
(get more details)
5 pts/$1 on groceries, dining and entertainment
3 pts/$1 on gas, transit and streaming
1 pt/$1 on everything else
No FX fees
$120
TD First Class Travel Visa Infinite
(get more details)*
9 pts/$1 on travel (via ExpediaForTD)
3 pts/$1 on everything else
$120
Tangerine Money-Back
(get more details)*
2% cash back in up to 3 spending categories
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