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The best TFSAs in Canada for 2026 + MORE Feb 4th
Featured TFSA Accounts
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EQ Bank TFSA Savings Account
Earn 1.50% tax-free on your cash savings.
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The best high-interest savings accounts in Canada for 2026 + MORE Feb 18th
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 one inflation tool you need for your finances + MORE Feb 6th
If you don’t have a high-interest savings account (HISA), now is a good time to consider opening one. Why? HISAs pay more interest than regular savings accounts, and rates are particularly high right now. The amount you can earn on your deposited money may help offset rising inflation. And, last b.... More »
Calculating expected returns on the sale of real estate + MORE Feb 27th
How do I calculate the capital gain on real estate sold in Ontario? I’m trying to figure out how much I should list my main resident property for—after deducting all expenses (interest, fees, taxes)—to arrive at a reasonable profit margin. Is there a tool or app that can do that? I searched th.... More »
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 »
The retirement reshuffle
– moneysense.ca
Q: I am married with a minor son. My wife and I have been successful saving and investing. Presently we have in excess of fifteen accounts. Mostly in equities and ETFs. These include RRSPs, TFSAs, RESPs, LIRAs, margin accounts, both USD and CAD.I would appreciate your thoughts on diversification and winding down as we approach retirement.
—Jeff
A: Congratulations on your pending retirement, Jeff. Going to work and accumulating savings is the easy part. Figuring out what to do with a spare 40 hours per week and how to draw down on your nest egg is the hard part.
Would combining RRSP accounts save us money? »
First off, I would be inclined to do some consolidating. I’d like to hope you could reduce your fifteen accounts down to nine at most. I could see you each needing an RRSP, a TFSA and a LIRA, but you could get away with a single RESP and Canadian and U.S. dollar margin accounts. Perhaps you have group retirement accounts or Canadian and U.S. dollar registered accounts, but if it’s just a case of having two RRSPs in your name or multiple RESPs, for example, I’d start by combining like accounts…
