There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
Latest News
Can I have a multi-generational RESP? + MORE Mar 29th
Q: I have an existing RESP for my children, but they may not use all the money. Can I add grandchildren (once born) to the same RESP and keep this going in terms of growth and returns?
— Frank
A: A Registered Education Savings Plan (RESP) is a great way to save for a child or grandchild’s post.... More »
Are single seniors unfairly penalized at tax time? Apr 17th
Q. I am a senior with an income of about $115,000, single and in receipt of $7,364 in OAS benefits annually. I keep only about $200 a year out of that for myself. Yesterday, while doing my income tax return, it worked out that I ended up owing an extra $2,000 to $3,000 in income tax, although no.... More »
COVID-19: Preparing for Financial Uncertainty + MORE Apr 4th
As the COVID-19 outbreak continues to batter markets and force more businesses to close their doors, talk of a looming recession grows louder. There is no question that many more jobs are at risk, and for those whose livelihoods are particularly vulnerable, now is the time to take stock of your fin.... More »
Canada’s best credit cards 2021 + MORE May 8th
Finding the right credit card could save you hundreds, if not thousands, of dollars a year. Whether you’re looking for lower fees, more rewards or simply valuable perks like travel medical insurance or rental car savings, every dollar counts. If you use your credit card wisely, pay off your balanc.... More »
Do RRSPs Save You Taxes in the Long Run? + MORE Jan 25th
For the first-time RRSP investor, it can be a challenge to understand how RRSPs can save you money. Contributions to your RRSP reduce your immediate tax burden, but you do pay tax on withdrawals. While it’s true that RRSPs may be more properly understood as a vehicle for tax deferment instead.... More »
The Perfect Pro: Your Guide to Working with Mortgage Professionals
– ratesupermarket.ca
As the saying goes – it takes a village. Even when embarking on your home purchase, it’s essential to put together a dream team of mortgage professionals to make the process as smooth as possible.
Connecting with a real estate agent is step one for many prospective buyers, but there are a number of pros you’ll need to connect with along the way before calling that home your own – and it’s up to you to hire them.
Here’s a list of the pros you can expect to work with during the buying process, and what you should know before hiring them.
Your Guide to Mortgage Professionals
The Mortgage Broker
What they do
Mortgage brokers navigate the lender marketplace on your behalf to find you the best mortgage rate. Brokers have access to a number of rates offered by various lenders, and can likely score you a better deal than you would have found on your own. They also take your personal budget and credit standing into account to find a mortgage product truly suited to your financial needs…
The GOP's Ambitious College Reform Plan
– online.wsj.com
Simplify student loans, expand vocational options, protect free speech, end ‘public service’ subsidies.