Not sure how to make a savings plan? Read on…
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What does a weak Canadian dollar mean for your savings? Feb 25th
It’s the financial news story that everyone is talking about: The Canadian-to-U.S.-dollar exchange rate has been very unfavourable for the loonie lately.
How unfavourable? Since the beginning of the year, the Canadian dollar’s trading value has fluctuated between roughly USD$0.69 and $0.70—.... More »
The best high-interest savings accounts in Canada for 2025 Jul 9th
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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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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 »
“My financial advisor overcontributed to my TFSA—now what?” Oct 24th
My financial advisor asked me for more money than the allowable contribution room of my TFSA, causing a CRA penalty. I did tell him that I could only contribute the $6,000, but he asked me for $28,500. I paid a fine of $2,000 to CRA.
What happens now? Do I ask him to repay the commissions he.... More »
Stock market news for investors: Tariff talk continues on earnings calls + MORE May 21st
Here’s a round-up of news for Canadian investors this week.
Microsoft
Honda
CAE
Walmart
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Life insurance for kids: Do you really need it?
– moneysense.ca
Buying life insurance for kids is probably the last thing on your mind when you’re in the throes of diaper changes and round-the-clock feedings. But the early stages of parenthood don’t last forever—and it’s never too early to start planning for your little one’s (or ones’) future.
We’re not just talking about planning their first birthday party or saving up for school with a registered education savings plan, either. It may be uncomfortable to think about, but it’s worth considering life insurance as a way to prepare for even the worst what-ifs.
“Life insurance is about the people who are left behind,” explains Lorne Marr, director of business development at Hub Financial and founder of LSM Insurance. “You have to think of it as a financial instrument that will give you time to grieve. You don’t want to have to rush right back to work if a child passes away.”
A life insurance policy for kids isn’t only about the end of life, either. The right plan can have lifelong advantages…
