All about Canadian Savings. Learn the ins and outs and get the latest news.
Latest News
How much credit card debt does the average Canadian have? + MORE Sep 26th
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
A quick and easy primer on capital gains tax + MORE Jan 11th
Q: Can I save capital gains tax by putting money into a TFSA?
Do I have to pay capital gains tax if I sell one investment to buy another investment?
—M
A: I have had a couple of questions lately about selling one investment and buying another to avoid capital gains tax, M. Given the end of the .... More »
How to save money in Canada: A new way that offers higher interest and more flexibility + MORE Dec 17th
If you’re saving up for a financial goal or large expense—whether it’s a vacation, future vet bills or just your rainy day fund—chances are you’re setting aside money in a regular chequing account, a high-interest savings account (HISA) or a guaranteed investment certificate (GIC). Maybe y.... More »
When to consider extra RRIF withdrawals Apr 8th
I am in my 91st year and for my age, in reasonably good health. I drew down a significant extra sum in 2025 from my RRIF. Fortunately, due to some good earlier decisions, my RRIF remains with a very strong market value. I use this drawdown for two purposes: to reinvest in my non-registered accounts.... More »
3 Reasons Why You Need to Contribute to Your RRSP… Now Jan 25th
Why is everyone always rushing to contribute to RRSPs this time of year? And does it makes financial sense for you to make extra contributions before the March 1 deadline?
This time of year is often referred to as RRSP season, as many of us rush to make contributions before the RRSP contribution.... More »
Leave Rates Alone… For Now: C.D. Howe Institute
– ratesupermarket.ca
The Bank of Canada released their most recent rate announcement this Wednesday, leaving the central cost of borrowing untouched at one per cent, where it has remained since September 2010. It’s the right move, according to one of Canada’s most trusted think tanks, which has stated rates need to stay where they are until next spring if the economy is to truly recover. The prescriptive findings come from the C.D. Howe Institute’s Monetary Policy Council (MPC), which is made up of some of Canada’s most respected economic forecasters, including Senior Vice President and Chief Economist at TD Bank Group, Craig Alexander and Associate Professor of Economics at Carleton University, Nicholas Rowe.
But, the Council says an imminent rate hike is necessary – they’ve also called on the BoC to rate central rates by 1.5 per cent by this time next year, resulting in a slow and steady increase that will make consumer loans more expensive, and give savers more return on their fixed income investments…
More Risky Loans Allowed
– online.wsj.com
The feds ease rules for mortgages but tighten them for business.Fans Score with MasterCard Hockey Partnership
– ratesupermarket.ca
Perk up Leafs fans, there’s a guaranteed win in your future – though it won’t be on the ice.
MasterCard and Maple Leaf Sports and Entertainment recently signed a five-year contract to hook up Leafs and Raptor’s fans with sweet sporty spoils.
“Sports fandom is about the creation of memories; this partnership will bring two global powerhouse brands together to create priceless experiences for sports fans,” said Milos Vranesevic, VP of marketing at MasterCard Canada. “We’re excited about the possibilities we can create for fans.”
Also read: Gear Your Budget to Hockey Season>
Skating Rink Savings: Your Hockey Fix for Less>
New Performance Perks
Just what do those possibilities look like, you ask?
Cardholders get access to the MasterCard Priceless Zone, a digital interactive retail space near Gate 1 at the Air Canada Centre flanked with screens showing behind the scenes video as well as housing sports memorabilia.
The Zone also gives access to that commodity sports fans can’t seem to get enough of: limited edition bobbleheads for the reasonable price of $15…
