There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
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So you fell short of your financial goals in 2025—here’s how to do better + MORE Dec 31st
Did you fall behind on your financial goals for 2025? If so, you’re not alone. According to a survey by online estate planning platform Willful, 58% of Canadians reported postponing financial tasks they’d earmarked for the year, such as paying down debt, contributing to registered savings and in.... More »
The best five-year variable mortgage rates in Canada + MORE Dec 12th
Mortgages
Canada’s best credit cards for groceries
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CPP payment dates this year, and more to know about the Canada Pension Plan + MORE Aug 6th
In Canada, no retirement plan is complete without considering the CPP. Whether you’re approaching retirement or still several years away from it, the Canada Pension Plan will likely play a role in your retirement income. How big a role depends on several factors. You may have other questions, too..... 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 »
How to open an RDSP Dec 19th
Jason Heath gets a lot of calls from clients about registered disability savings plans (RDSPs). Many are interested in setting up the plan, a tax-deferred savings vehicle for people with disabilities, because they’ve heard about the generous grants they can qualify for. The Canadian government wil.... More »
The best ways to help kids financially
– moneysense.ca
As a father of three and a financial professional, the coming school year, and the uncertainty attached to it, is very much on my mind. Even if your children, like mine, are still years away from post-secondary tuition fees, the sooner you start saving, the better your chances of reaching your financial goals. Money also gives you options should your child need tutoring (or, as is being hotly debated, you want to be able to consider opting out of public school during the COVID-19 pandemic).
Here are a few ways to help your children financially, regardless of their age or stage.
RESP
The most common saving tool for minor children is a Registered Education Savings Plan. An RESP is a tax deferred savings plan used to fund post-secondary education costs like trade school, college or university tuition and other expenses.
There are no tax deductions when a parent makes a RESP contribution, but the government provides a Canada Education Savings Grant (CESG) of 20% on contributions of up to $2,500 per year, per child (each named as a beneficiary in the plan), resulting in up to $500 in grants annually…
Here are a few ways to help your children financially, regardless of their age or stage.
RESP
The most common saving tool for minor children is a Registered Education Savings Plan. An RESP is a tax deferred savings plan used to fund post-secondary education costs like trade school, college or university tuition and other expenses.
There are no tax deductions when a parent makes a RESP contribution, but the government provides a Canada Education Savings Grant (CESG) of 20% on contributions of up to $2,500 per year, per child (each named as a beneficiary in the plan), resulting in up to $500 in grants annually…
