There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
Latest News
How the elimination of interest on federal student loans could give graduates a boost + MORE Nov 28th
All about Canadian Savings. Learn the ins and outs and get the latest news.
How the elimination of interest on federal student loans could give graduates a boost - thestar.comContinue Reading On thestar.com »
Tools and habits to stay on track with your money goals - moneysense.caIn re.... More »
Canada’s Best Credit Cards for People with Bad Credit 2020 + MORE Jul 18th
Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. But if you want to improve your credit score you’ll have to show you can handle credit responsibly—and the only way to do that is (you guessed it) to have a credit card. Used properly, it .... 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 »
Can you make RRSP contributions after age 71? + MORE Apr 23rd
Ask MoneySense
My CRA RRSP deduction limit shows I have contribution room of $25,051. But my wife and I have RRIF accounts as we’ve already turned 71. Should I ignore this RRSP contribution limit?
—Bob
Your annual notice of assessment (NOA) and your online Canada Revenue Agency (CRA) My A.... More »
Stock news: Cogeco, Roots, and BlackBerry deliver earnings gains but outlooks remain mixed + MORE Apr 15th
Here’s a round-up of news for Canadian investors this week.
Cogeco
Roots
BlackBerry
Featured RRSP Accounts
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EQ Bank
Build your retirement savings with 1.50% interest, t.... More »
‘I am at a bit of a standstill when it comes to setting up my future life goals, so, I don’t really have any,’ Marwa writes to Millennial Money. She wants her coach to provide personal finance advice to help her set up her savings to benefit her future.
‘I am at a bit of a standstill when it comes to setting up my future life goals, so, I don’t really have any,’ Marwa writes to Millennial Money. She wants her coach to provide personal finance advice to help her set up her savings to benefit her future.COVID-19: Preparing for Financial Uncertainty
– ratesupermarket.ca
As the COVID-19 outbreak continues to batter markets and force more businesses to close their doors, talk of a looming recession grows louder. There is no question that many more jobs are at risk, and for those whose livelihoods are particularly vulnerable, now is the time to take stock of your finances to determine just how well prepared you are for a potential recession.
Recession-Proofing Your Finances
When it comes to the government’s ability to weather an economic downturn, Finance Minister Bill Morneau likes to talk about Canada’s “fiscal firepower.” Unlike the government, as a private citizen you can’t just borrow or raise taxes when you need extra money. That’s why many financial experts recommend keeping an emergency fund at hand sufficient to cover your expenses for at least three months.
If you’ve had limited success in the past building your savings, we’ll look at ways you can catch up and get your savings back on track. We’ll also identify potential areas where you can reduce your spending to help further prepare you for a possible economic slump…
