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Latest News
What is the RESP contribution deadline? + MORE Oct 30th
Between the gifts and the gatherings, the month of December can be an expensive time of the year. It’s a tough month to think about saving for your child’s future education on top of everything else. (We get it!) But there’s good reason to plan ahead and put some extra cash aside before the en.... More »
Mortgage or retirement savings? Where to get the most bang for your extra bucks + MORE May 8th
Not sure how to make a savings plan? Read on...
This Toronto millennial makes $60,000. He wants to organize his finances and build his savings. How can he start? - thestar.com“Personal finance can be complicated even though my life seems rather uncomplicated,” Michael said.Continue Readin.... More »
Travel deals to take advantage of now, and save for later—when it’s safe + MORE Jun 20th
As social bubbles, provinces and countries slowly open up again, many people are looking to salvage their travel plans for this summer while others think about 2021. Admittedly, there’s still a lot of uncertainty in the world, but that isn’t preventing some providers from tempting lockdown-weary.... More »
What you need to know about the first-time homebuyers savings account + MORE Apr 3rd
How to go about securing the best savings strategy in Canada.
What you need to know about the first-time homebuyers savings account - thestar.comContinue Reading On thestar.com »
What are money scripts? What’s yours? - moneysense.caMoney scripts impact our thoughts, feelings and bel.... More »
Top 5 questions about family RESPs + MORE Dec 4th
If you’re saving up for a child’s post-secondary education, a registered education savings plan (RESP) can’t be beat as a savings tool. No other plan or account in Canada will give you access to thousands of dollars in government grants—free money for your kid’s future tuition and other ed.... More »
Cheap Whole Foods prices won’t trigger price wars
– moneysense.ca
TORONTO — Cheaper avocados at Whole Foods might get fans of the organic grocery chain salivating over savings, but retail analysts say it probably won’t launch price wars at Canadian supermarkets.
Amazon took ownership of Whole Foods Monday and immediately decided to cut the cost of some of its pricey organic and specialty foods, an approach that’s designed to resonate directly with the chain’s best customers and create buzz in the marketplace.
Amazon took ownership of Whole Foods Monday and immediately decided to cut the cost of some of its pricey organic and specialty foods, an approach that’s designed to resonate directly with the chain’s best customers and create buzz in the marketplace.
Do’s and don’ts of cutting your grocery bill »
Among the items reduced at a Vancouver Whole Foods location this week were Colombian Hass avocados, which are now $1 cheaper at $1.99 each, and organic baby spinach which costs $3.49, or 50 cents less than a week ago.
Elsewhere in the store, organic black quinoa has been reduced by 80 cents per 100 grams to $1.59 and Whole Foods’ private label organic almond beverage in vanilla is $1 cheaper at $2.49.
But the Whole Foods price cuts won’t be particularly effective in attracting consumers on the hunt for deals, said Mark Lee, associate professor at the Ted Rogers School of Retail Management…
How to Improve Your Credit Score – Student Edition
– ratesupermarket.ca
This series by personal finance specialist Amanda Reaume focuses on how to improve something that many people overlook: your credit score. These posts will give you tips and tricks to improve your chances of getting approved for better rates when you apply for credit – leading to better student loans, car loans and even mortgages.
September is almost in full swing and if you’re a university or college student, then you’re probably comfortably settling into your routine and dorm room. As you buy books, begin assignments and make new friends, the last thing you’re likely thinking about is your credit.
But even at this stage of life, it’s critical that you start planning for your future. That means making smart credit decisions now that will pay off later in life, saving you up to tens of thousands of dollars. Adopting solid habits while you’re a student can lead to lower interest rates when borrowing money for large purchases such as car loans or mortgages. You might even be able to refinance your student loans after you graduate and pay a much lower interest rate…
Home Capital favours Buffett’s bid to increase company stake, despite ISS warning
– canadianbusiness.com
Home Capital Group (TSX:HCG) is standing behind Warren Buffett’s Berkshire Hathaway bid to increase its stake in the company after leading proxy advisory firm Institutional Shareholder Services advised investors to vote against the deal.
The Toronto-based alternative lender said Wednesday its prospects have improved since the American billionaire’s conglomerate announced in June that it would support Home Capital through an initial investment of $153 million for a 19.99 per cent stake in the company and by providing it with a $2 billion line of credit. That investment required only regulatory approval, which it received at the end of June.
Berkshire also agreed to invest a further $246.7 million, at $10.30 per share, which would increase its indirect stake in Home Capital to 38.4 per cent. This round requires shareholder approval in a vote on Sept. 12.
Despite ISS’s warning that the proposed second tranche will do little to enhance the already-improved stability of the company, Home Capital says the larger investment will lead to a stronger commitment from Berkshire to the long-term success of the lender…
The Toronto-based alternative lender said Wednesday its prospects have improved since the American billionaire’s conglomerate announced in June that it would support Home Capital through an initial investment of $153 million for a 19.99 per cent stake in the company and by providing it with a $2 billion line of credit. That investment required only regulatory approval, which it received at the end of June.
Berkshire also agreed to invest a further $246.7 million, at $10.30 per share, which would increase its indirect stake in Home Capital to 38.4 per cent. This round requires shareholder approval in a vote on Sept. 12.
Despite ISS’s warning that the proposed second tranche will do little to enhance the already-improved stability of the company, Home Capital says the larger investment will lead to a stronger commitment from Berkshire to the long-term success of the lender…