How to go about securing the best savings strategy in Canada.
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Webull Canada Review 2024 Feb 20th
Webull has arrived in Canada recently. The buzzy stock trading platform, which has 11 million customers around the world, announced on January 2 that it was accepting applications for Canadian accounts. Should you use Webull?
Is Webull available in Canada?
Yes. Webull Corporation, a pop.... More »
Stock news: Cogeco, Roots, and BlackBerry deliver earnings gains but outlooks remain mixed + MORE Apr 15th
Here’s a round-up of news for Canadian investors this week.
Cogeco
Roots
BlackBerry
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 1.50% interest, t.... More »
Amar earned $117,799 last year. But he is a freelance photographer with an unpredictable income. How can he sock away more savings? + MORE Oct 17th
Amar is 31 years old and lives in an affordable shared apartment. How can he increase his savings when his monthly income is never the same?.... More »
Can I withdraw from RRSPs to pay bills? + MORE Apr 17th
What are the cons to withdrawing RRSP savings of $25,000 to pay off some unexpected bills I have incurred?—Anonymous
Withdrawing RRSPs when you’re not retired
Ahh, the unexpected bills.
Anonymous, I’ll give you my initial thoughts first, and then I’ll review the cons of withdrawing .... More »
Millennials Could Be Hit Hardest by the Bank of Canada’s Interest Rate Hike + MORE Jun 5th
Canadians, get ready to pay more to borrow money: The Bank of Canada, or BoC, announced a 0.50 per cent interest rate hike today to tame inflation, bringing its key interest rate up to 1.5 per cent, and signalled more hikes will come.
After slashing its key interest rate to 0.25 per cent at the o.... More »
Many Canadians Are Avoiding Retirement Planning, But Here’s How to Get on Track
– ratesupermarket.ca
Regardless of whether you’re saving for a new home, a business venture, or setting up for a family, planning for your financial future (and the financial future of your significant other) is crucial. Sure, you can set up automatic deposits to your savings account for long-term goals, but looking even further ahead to retirement specifically is equally as important – though it may not seem like it right now. It’s a reality that shows in the numbers; TD Canada Trust recently published a survey that showed 20 per cent of working Canadians don’t contribute to their retirement savings, and 16 per cent of them haven’t thought about retirement contributions at all.
“As a couple, it’s always important to have a retirement plan that meets the needs of your long-term goals,” said Jenny Diplock, associate vice-president of Personal Savings and Investing at TD Canada Trust.
Of those surveyed, 23 per cent also said they haven’t looked at their retirement savings plan in over a year – something that is critical when planning for the future…
