There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
Latest News
New to Canada? A new way to transfer your credit score + MORE Oct 29th
Equifax Inc. is launching a program to allow newcomers to transfer their foreign credit history to Canada.
The credit reporting company said Thursday that the Global Consumer Credit File will make it easier for immigrants to access services like loans and cellphone plans in Canada by providing th.... More »
The best high-interest savings accounts in Canada for 2025 Jul 9th
Savings comparison tool
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.
Advertisement
Why trust us
MoneySense is an.... 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 »
Should you leave corporate savings in your company? + MORE Mar 6th
I have $1 million accumulated in my corporate account. I don’t need that money for my corporation. What is the best way to take that money out with minimal tax? I’m 39 and I’m not planning to retire soon.—Chris
Withdrawing money from a corporation to invest
One of the first things to i.... More »
Wealthsimple Cash review 2024 + MORE Jul 16th
Wealthsimple Cash is a high-interest chequing/savings account that offers one of the highest interest rates in Canada. It has appealing yields and includes a prepaid Mastercard with no foreign exchange fee, so many consumers are naturally attracted to the account. Is it any good? The short answ.... More »
Good Ontario Drivers Are In For A 15% Car Insurance Discount
– ratesupermarket.ca
It pays to be responsible on the road – and now, good drivers in Ontario may be in for hundreds of dollars in savings on their car insurance premiums. The Cost and Rate Reduction Strategy has been put into play by the Ontario government, and will roll out an average of 15 per cent in discounts over the next two years.
That’s not to say every driver will see an immediate 15 per cent discount on their car insurance bill come January; some drivers will be entitled to more of a discount than others, and the decrease will be implemented in stages. It’s expected that the FSCO will lower premiums by three to five per cent in January, and up to eight per cent by August 2014, with the remaining seven per cent by the following year. The discounts are expected to lower the average household premium by $225 – up to 30 per cent for some drivers.
Why Are Car Insurance Discounts Coming?
You can thank the politicians for this one; the Liberal government has mandated the discount at the prodding of the NDP party, who has long advocated for lower premiums…
Alfredo and Theresa need to rein in their spending to save for a comfortable retirement.
Alfredo and Theresa need to rein in their spending to save for a comfortable retirement.How To Better Qualify For A Mortgage
– ratesupermarket.ca
Recently my partner and I spoke with a local mortgage agent to see if we qualify for a mortgage. Since we’re both newly self-employed and carry some debt, we knew it was iffy, but we wanted to know where we stood. Most importantly, we wanted to know what we could do to make ourselves more desirable candidates in the coming year. Here’s what we learned.
The Deets On Our Debt Load
My partner and I sat down with Rob Campbell of Verico, the Mortgage Wellness Group, Inc., and he walked us through the process. First things first, he asked about our debt load. Together, we have a car loan and a student loan. The car loan, we learned, is considered “bad debt,” while the student loan is considered “good debt” (if there can be such a thing). I guess the thinking is that “bad debt” sets you back financially, while “good debt” helps to move you forward.
Asking Hard Questions About Our Income
Next, Rob had a look at our income and our savings. Both my partner and I are self-employed, so when it comes to regular income, our case is a bit trickier…
