How to go about securing the best savings strategy in Canada.
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The ins and outs of tax and estate planning for a RRIF + MORE Apr 5th
Q: I’m 81, single, female, with around $265,000 in a RRIF (invested in two different financial institutions, both mutual funds). My withdrawal is about $12,000 a year.
How can I minimize tax payable (by my beneficiaries) at death?
— Lydia
A: The tax savings and deferral from contributing t.... More »
RRSPs: Your Essential Questions Answered + MORE Feb 22nd
At this time of year, it seems like the financial world is awash with information on what is a Registered Retirement Savings Plan (RRSP), the benefits of having one, and how to start one. But there are still a few planning points that Canadians either aren’t aware of or don’t know how to put t.... More »
Stock news for investors: Iamgold expands, Teck advances merger talks, and Wealthsimple hits $100B milestone + MORE Oct 29th
Here’s a round-up of news for Canadian investors this week.
Iamgold
Teck Resources
Mullen Group
Wealthsimple
West Fraser Timber
Featured RRSP Accounts
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EQ Bank
Bu.... More »
Retirement taxes explained: Withholding, clawbacks, and other surprises + MORE Sep 17th
Many working-age Canadians wonder what the impact of retirement will be on their tax situation. As you save and build wealth, it is important to plan for the eventual tax treatment of your retirement assets and income as you approach that transition.
Taxation in Canada
When you are.... More »
The best high-interest savings accounts in Canada for 2026 Apr 1st
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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The Power of Points: CIBC Survey Shows Canadians Missing Out on Valuable Reward Point Redemptions
– ratesupermarket.ca
Canadians are missing out on some major savings on merchandise, travel, and even chances to pay down their debt. And the answer to “why?” is right under their noses, or at least, right on their monthly bank statement.
According to a recent CIBC survey that reviewed if and how Canadians are using their credit and reward card points, one in five people didn’t know how many points they earned on their cards and 37 per cent rarely or never redeemed their points. When you factor in that, for about half of those surveyed (47 per cent), their primary credit card used for everyday purchases is a rewards card, that equals some major missed savings. While many Canadians that earn reward points say they’re as good as cash, 64 per cent also say they don’t think of them as a financial asset.
Canadians are missing out on a big opportunity with these cards, says Jamie Golombek, the managing director, Tax & Estate Planning, with CIBC Financial Planning and Advice. “It’s important to think of your points as any other asset, and use them to achieve a financial goal,” he said…
