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Can you make RRSP contributions after age 71? + MORE Apr 23rd
Ask MoneySense
My CRA RRSP deduction limit shows I have contribution room of $25,051. But my wife and I have RRIF accounts as we’ve already turned 71. Should I ignore this RRSP contribution limit?
—Bob
Your annual notice of assessment (NOA) and your online Canada Revenue Agency (CRA) My A.... More »
Personal Income Tax Guide: The deadline for filing your 2021 return, tax brackets and more + MORE Dec 12th
The year 2021 has been a year about money, from the latest crypto to inflation to housing prices to taxes. While money trends can go up and down—or up and up for certain matters—taxes can be more predictable, if you’re prepared. This year’s MoneySense income tax guide includes the things you.... More »
2023 tax credits, due dates and when you can file: Your 2023 income tax return guide + MORE Mar 19th
You’ll want to bookmark the MoneySense guide for 2023 personal income taxes. We will be updating it frequently, as information becomes available and deadlines approach. Plus, we get answers from the experts you won’t find anywhere else, thanks to our Ask MoneySense and Ask A Planner columns.&nbs.... More »
The best TFSAs in Canada for 2024 + MORE Apr 2nd
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The best TFSAs in Canada for 2024
We’ve rounded up the best TFSA rates on savings accounts and GICs, as well as the best TFSA investment accounts.
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I’m about to retire and still have a mortgage. Am I in trouble? + MORE Jan 23rd
If you have decent savings and only a year or two to go on your mortgage, you should be fine. If you have 10 or more years, then you may have to consider options, including downsizing.... More »
We asked personal finance expert Chuck Grace whether contributing to an RRSP or a TFSA is a wiser option for long-haul savings.You’ve got a bit of extra money, and you’d like to sock it away for the long term. But what’s the best way to do it?
The best travel credit cards that aren’t travel credit cards
– moneysense.ca
If we’ve learned anything from the pandemic, it’s that things can change quickly. In 2019, travel was a major spending category for Canadians. But in 2020, we were grounded by the COVID-19 pandemic. So, it’s understandable if earning travel rewards aren’t at the top of your priority list. At the same time, you might not want to give up your travel goals entirely. Enter travel card alternatives—credit cards with travel benefits and features that are also useful for other types of spending. In this article, we’ll look at some of the variables to consider when choosing a travel-alt card, using the HSBC line of credit cards as an example.
What is a travel-alt credit card?
Travel credit card alternatives, or travel-alt credit cards, are cards that offer rewards on travel spending and on other things, too. Traditional travel credit cards (with earning capabilities and rewards toward flights, hotels, cruises, car rentals and experiences like tours) are very popular in Canada…
We asked personal finance expert Chuck Grace whether contributing to an RRSP or a TFSA is a wiser option for long-haul savings.You’ve got a bit of extra money, and you’d like to sock it away for the long term. But what’s the best way to do it?
