How to stake Cardano (ADA) in Canada + MORE Nov 14th

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Should you max out your RRSP before converting it to a RRIF? Apr 30th

Ask MoneySense My husband and I retired last September. We have moved into a condo and are now travelling. Enjoying life but I’m concerned about his RRIF. My husband turns 71 in June 2025. So, I understand we can contribute to his RRSP for 2025 before he turns 71 and claim the contribution for the.... More »

OAS payment dates in 2025, and more to know about Old Age Security + MORE Oct 8th

If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS wo.... More »

What happens to your debt when you die + MORE Mar 6th

Ask MoneySense I carry a lot of credit card debt and haven’t made a dent in my mortgage. I’m in my 60s, and I’m starting to think about next steps for my family. After I die, will my family inherit my debt?—Terry Thanks for your question, Terry. You’re definitely not alone in worrying .... More »

A tax guide for Canadians with disabilities + MORE May 6th

It is the understatement of the century to say that being disabled is expensive. Many advocates refer to the added financial burden as the “disability tax”—the extra, unavoidable costs of living with a disability. In Canada, where about 27% of people identify as disabled according to Statistic.... More »

How to plan for taxes in retirement in Canada + MORE Oct 22nd

Ask MoneySense When I retire and start to take an income, I would like to make sure the withholding tax is sufficient to cover what I would owe, when all my sources of income are considered. In my case I will have CPP, OAS, a small pension, RRSP/RRIF income. For each of these sources can I ele.... More »

Canada’s best credit cards 2022

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Canada’s best credit cards 2022

By Barry Choi, Julie Cazzin and Keph Senett on November 10, 2022

Finding the right credit card could save you hundreds, if not thousands, of dollars a year. Whether you’re looking for lower fees, more rewards or simply valuable perks like travel medical insurance or rental car savings, every dollar counts. If you use your credit card wisely, pay off your balance monthly and find the right rewards program for you, and you are sure to come out ahead. There’s a slew of credit card options out there, and it can be challenging to find the best deal—but this list of best credit cards in Canada is here to help…

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How to stake Cardano (ADA) in Canada

– moneysense.ca

Like other cryptocurrencies, ADA, the native coin of the Cardano blockchain, has been in a bear market since October 2021—meaning a recent pattern of price declines. Despite this downturn in crypto prices, Cardano seems to be a strong player among the public blockchains that offer smart contract functionality. (Smart contracts are automated digital agreements, written in code, for transactions between different parties.)

Because of a dedicated community of developers and supporters, ADA is regularly among the top 10 cryptocurrencies by market capitalization; as of November 2022, it’s the eighth-largest, with a market cap of nearly USD$12.8 billion.

Investors who hold this crypto coin have another route to potential gains: staking their ADA, which earns an estimated 4% to 6% annual percentage yield (APY) as a reward. It’s like putting money in a high-interest savings account and earning interest—except that staking rewards are not guaranteed, not paid in dollars and not protected by the Canada Deposit Insurance Corporation (CDIC)…

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Not sure what the best Savings strategies in Canada are? Be sure to get the best advice possible – Visit our Savings page for details.

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