Contributing to your grandchild’s RESPs: What grandparents need to know + MORE May 14th

The best high-interest savings accounts in Canada for 2025 + MORE Jun 4th

Stock market news for investors: Tariff talk continues on earnings calls + MORE May 21st
Looking for a mortgage in B.C.? Don’t limit your options to the big banks + MORE May 28th
Stock market news for investors: Musk to spend more time running Tesla, Rogers hopes there’s upside to sports, and more
– moneysense.ca

Here’s a round-up of news for Canadian investors this week.
Rogers
Teck Resources
Tesla
National Bank of Canada
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Best RRSP rates
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Canadian Dental Care Plan news: Coverage expanding on May 1
– moneysense.ca
Starting on May 1, the Canadian Dental Care Plan (CDCP)—a federal program designed to make dental care more affordable for those Canadians without access to dental insurance—will be open to more age groups.
Here’s when you can apply for the CDCP, if you’re between 18 and 64 years old:
Age groupWhen you can apply55 to 64 years oldMay 1, 202518 to 34 years oldMay 15, 202535 to 54 years oldMay 29, 2025
The CDCP is already accepting applications from the following groups, for the coverage period ending on June 30, 2025:
Adults aged 65 or older
Adults with a valid disability tax credit certificate for 2023
Children under age 18
You can apply for the Canadian Dental Care Plan online. For the current coverage period, you will need to have filed your 2023 income tax return and received your notice of assessment (NOA).
What is the Canadian Dental Care Plan?
Announced by the Liberal government as part of its 2023 budget, the CDCP aims to improve access to dental care for Canadians with an adjusted net family income below $90,000 and no private insurance…
How much income do you need to buy a home in Canada? A look at home affordability in March 2025
– moneysense.ca
The sideline approach taken by buyers isn’t a surprise. The ongoing tariff talks and increasingly convoluted trade war have sowed plenty of uncertainty among investors and consumers. No one is keen to make a big purchase on the brink of a potential recession. And until U.S. President Donald Trump stops with tariff threats, it’s unlikely real estate demand will return in full-force.
It’s not surprising that buyers across Canada are hesitant to put an offer on a home right now. Even though the blanket tariffs aren’t yet enforced, the constantly changing rules around them has already harmed real estate markets and stoked fears of a Canadian recession. That’s hardly reassuring for someone considering a home purchase if they’re worried about their job and their savings…
I have maxed out my RRSP deduction limit for the past two years due to my personal contributions and my company’s deferred profit sharing plan (DPSP). This year I stopped my RRSP contributions all together to not overcontribute on my end for the third year, but my company does a 4% match and then does a lump-sum payment every year as well. My question is: should I continue to overcontribute to my RRSP by 4% to get the 4% DPSP match, since they will do a lump-sum on top anyway? And then every year take out the overcontribution and fill out a T1-OVP?
—Kirsten
I can appreciate the dilemma here, Kirsten. You want to benefit from your employer’s contributions. However, registered retirement savings plan (RRSP) overcontributions can lead to significant penalties and should be avoided. Let’s break it down.
Group RRSP vs. DPSP: What’s the difference?
Employers have a few options for contributing to your retirement savings, including through a workplace pension plan, group RRSP matching and a deferred profit sharing plan (DPSP)…
The best high-interest savings accounts in Canada for 2025
– moneysense.ca
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings of major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.
Best high-interest savings account rates in Canada
Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest rate is a no-brainer…