There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
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Can you file multiple years of income taxes together in Canada? + MORE Dec 26th
Tax season is approaching. Soon, more than 30 million Canadians will be filing their tax returns. Most Canadians file their taxes every year but according to a paper from Carleton University, as many as 12% of Canadians don’t, and aside from missing out on tax refunds, this is costing many low inc.... More »
The best TFSAs in Canada for 2023 + MORE Nov 6th
Tax-free savings accounts (TFSAs) are more than a simple tax-sheltered savings account. TFSAs allow Canadians to hold cash, guaranteed investment certificates (GICs), stocks, bonds, exchange-traded funds (ETFs) or mutual funds within a structure backed by the government. Any interest made during you.... More »
Making sense of the markets this week: September 6, 2021 + MORE Sep 5th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The rich get richer as rates go lower
We know that lower rates set by central banks help to stimulate economic growth by providing cheap money. On the flipsi.... 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 »
RESP investing for busy parents + MORE Oct 17th
Saving for university isn’t always top of mind when you’re a busy new parent, knee-deep in diapers. Add the steep cost of daycare along with the stress of trying to juggle work and toddlerhood, and setting aside funds for your child’s post-secondary education can feel like an insurmountabl.... More »
How to Start an Emergency Fund When You’re Living Paycheque to Paycheque
– ratesupermarket.ca
When you’re living paycheque to paycheque and every dollar counts, it’s hard to imagine how to save any significant amount of money. The good news is, you can build up an emergency fund even while living paycheque to paycheque. The best news of all is once you’ve built up some savings everything else will get a bit easier as well. An emergency expense won’t “break the bank” and you won’t have to worry about making the rent or being late on bills.
How can I start a savings account if I have no money left over shortly after I’m paid?
You’ll find financial advice that says, “Pay yourself first before you pay anything else.” It may seem almost impossible, but this is the only way you can get started to build up an emergency fund.
Before you’re paid the next time, decide ahead of time how much money you’ll pay yourself and immediately put it into your new emergency savings account. It doesn’t have to be a large sum of money…