How to go about securing the best savings strategy in Canada.
Latest News
The best RRSP investments 2022 + MORE Jun 26th
A registered retirement savings plan (RRSP) is an investment that is registered with the Canadian federal government. RRSPs are often described as being “tax-advantaged.” That means you don’t pay income tax on the amount you are contributing to an RRSP, in the year you earn that contribution. .... More »
New year, new spending habits Dec 5th
Money-wise, it’s been a challenging year for Canadians but the new year is also a chance to build better strategies around how you spend money. Steer clear of these three common pitfalls for financial success in 2023.
Money mistake #1: Not paying off debt quickly
If you’re in the red, you.... More »
Daylight Savings Sadness: Credit Cards and Tips to Get You to a Sunny Destination ASAP Nov 16th
Is the Canadian winter starting to get to you before it can even officially start? Are you tired of waking up in the dark and leaving work in the dark? Do you feel like you’re succumbing to the stresses and demands of the busy holiday season?
When we average less than three hours of sunshine p.... More »
How to Improve Your Credit Score – Student Edition Sep 13th
The new school year is in full swing and if you’re a university or college student, then you’ve probably already settled comfortably into your new routine and dorm room. As you buy books, begin assignments and make new friends, the last thing you’re likely thinking about is your credit.
But.... More »
2020 Income Tax: What you can’t—and can—claim for your work-from-home office during the COVID-19 pandemic Sep 26th
You furnished a functional home office, you’ve got face masks ready by the door for when you need to run an errand, and you bought sanitizer (so many bottles of sanitizer). You’ve done your part to stay home and help flatten the coronavirus curve. The question now is: Can you write off working f.... 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…