How to go about securing the best savings strategy in Canada.
Latest News
New study highlights trends in Canadian term life insurance + MORE Feb 25th
Choosing a term life insurance policy is a balancing act: how much coverage do you need, who should benefit, and how long should the policy last?
If you’ve ever wondered how your choices compare to other Canadians, PolicyMe’s newly released 2026 study, Canadian Term Life Insurance: A Market S.... More »
What it takes to retire at 45 + MORE Feb 8th
Q: I’m 27 years old with a relatively healthy income of around $125,000. I’m aiming to get on the early retirement track with any luck and retire around the age of 45.
I’ve been aggressively in the investing game for a few years now and have been putting money into my RRSP, which now has a bal.... More »
Planning a Trip or Cruise? Best Travel Tips for More Money May 24th
Want to save money on your cruise? Want to know how to save big on your next vacation? If you’re spending cash-only for your cruise, hotel and rental car, you might be missing out. There are lots of travel tips and cash reward perks you can take advantage of to stretch your dollars fur.... More »
What new bare trust tax filing rules mean for Canadians Mar 12th
Ask MoneySense
I would like some clarification on the T3 tax return for the year 2023. Whom does this rule apply to and can you clarify whether all the persons on the account have to complete T3 tax returns?
—Chander
Some people set up trusts that come into effect during their lives or upon.... More »
Canada’s best dividend stocks for 2023 + MORE Feb 20th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
The year 2023 couldn’t have arrived fast enough for Ca.... More »
Failure to Launch: Why Post Grads Are Putting Off Financial Milestones
– ratesupermarket.ca
Forget the gangly teenage years – post graduate life is an awkward time.
Especially in a culture like North America’s (and most cultures for that matter) where the pillars of stability are finding a career, buying your first home and starting a family, many young adults are finding themselves failing to launch.
Student Debt Found To Cause Major Financial Delays
A seesawing job market and astronomical tuition costs are main causes behind young adults’ slow starts. According to a poll by TD Canada Trust, 30 per cent of post grad students take on more debt than they expect to and 40 per cent struggle to make minimum repayments on student loans in the first two years after graduating
The Next Phase Is Out Of Reach For Post Grads
Among the milestones stubbornly staying the back burner was home ownership – 40 per cent admitted debt was keeping them from buying their first home. Thirsty six per cent are in stasis waiting to start a family, 23 per cent are postponing getting married and 18 per cent are still living with their parents while they wait to repay their debt…
Spotlight On Mortgages: August 2, 2013
– ratesupermarket.ca
Mortgage Defaults On The Decline: Genworth
Fewer Canadians are defaulting on their mortgage loans this year, according to the Q2 earnings report released by Genworth MI Canada this week. Genworth, a private mortgage insurer that provides default coverage for high-ratio borrowers (an alternative to coverage provided by the CMHC), reported that losses on default claims are $9 million lower than in Q1, and $13 million lower year over year.
The decline indicates that the number of high loan-to-value borrowers is dropping. While this is due in part to last summer’s CMHC rule changes squeezing some buyers out of the market, fewer defaults also suggest that Canadian credit situations are improving amid a strengthening economy.
The insurer also noted that business is booming with a net income of $88 million – a sign of a healing mortgages market.
“Our business continues to perform well,” stated Brian Hurley, Genworth chairman and chief executive officer, in a release. ”A balanced housing market, stable economic climate and strong portfolio quality have all contributed to the positive trends in our business, in particular our loss performance…
