Not sure how to make a savings plan? Read on…
Latest News
The best high-interest savings accounts in Canada for 2025 + MORE Mar 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.
Advertisement
Why trust us
MoneySense is an.... More »
What new bare trust tax filing rules mean for Canadians Mar 12th
Ask MoneySense
I would like some clarification on the T3 tax return for the year 2023. Whom does this rule apply to and can you clarify whether all the persons on the account have to complete T3 tax returns?
—Chander
Some people set up trusts that come into effect during their lives or upon.... More »
2022 Income Tax Guide for Canadians: Deadlines, tax tips and more + MORE Feb 27th
It’s been quite a year for numbers, hasn’t it? From rising interest rates to steep stock market drops, finances have been headline news throughout 2022. It’s almost enough to make you forget about tax season. But with the tax deadline approaching, you have a few reminders (see the dates below).... More »
Can I afford that mortgage? Here’s how much you can safely borrow to buy your first house + MORE May 1st
Talk to a mortgage broker and do a personal budget assessment before you start house hunting, expert says..... More »
The Financial Umbilical Cord: 48% of Canadian Parents Still Supporting Children in 30s + MORE Mar 15th
A recent poll from RBC shed light on an interesting dilemma that many Canadians are facing: trying to save for retirement while financially supporting adult children.
The poll found almost all parents (96%) with children between the ages of 18 to 35 said they have financially supported their adult .... More »
MONTREAL – Two-thirds of Canadians polled would like to have put more money into their RRSPs for the 2013 tax year, according to a new survey that found average contributions were down slightly this time around.
The Bank of Montreal’s (TSX:BMO) RRSP deadline survey, conducted last week, said that Canadians were contributing an average of $3,518 to their RRSPs, down $26 from an average of $3,544 for the 2012 tax year.
“It looks like from one year to the next, we’re consistent,” said Chris Buttigieg, senior manager of wealth planning strategy at BMO Financial Group.
“If it was down $1,000, I’d be concerned,” Buttigieg said from Toronto.
Buttigieg noted that Canadians are also juggling other priorities such as mortgages, car payments and month-to-month living expenses.
Meanwhile, more than two-thirds of Canadians were making contributions to their Registered Retirement Savings Plan before the deadline, which expired at midnight Monday night, up from the year-earlier’s 63 per cent…
The Bank of Montreal’s (TSX:BMO) RRSP deadline survey, conducted last week, said that Canadians were contributing an average of $3,518 to their RRSPs, down $26 from an average of $3,544 for the 2012 tax year.
“It looks like from one year to the next, we’re consistent,” said Chris Buttigieg, senior manager of wealth planning strategy at BMO Financial Group.
“If it was down $1,000, I’d be concerned,” Buttigieg said from Toronto.
Buttigieg noted that Canadians are also juggling other priorities such as mortgages, car payments and month-to-month living expenses.
Meanwhile, more than two-thirds of Canadians were making contributions to their Registered Retirement Savings Plan before the deadline, which expired at midnight Monday night, up from the year-earlier’s 63 per cent…
Mexico investigates soccer team owned by man whose company allegedly defrauded Citigroup
– canadianbusiness.com
MEXICO CITY – Mexican authorities are investigating whether the owner of a Mexican oil services company that allegedly defrauded Citigroup used his professional soccer team to launder money.
An official with the Attorney General’s Office says Amado Yanez owns Oceanografia SA de CV and the White Roosters, a Queretaro-based team in Mexico’s first division soccer league.
The official said Monday that fiscal authorities are reviewing the team’s financial and administrative structures. He agreed to discuss the investigation only if granted anonymity because he was not authorized to publicly discuss the case.
Authorities are also investigating Oceanografia after it allegedly overstated by $400 million the business it was doing with Mexico’s state-owned oil company to get loans from Banamex, Citigroup’s largest Mexican bank.
Oceanografia was suspended from getting more Pemex contracts in February.
The post Mexico investigates soccer team owned by man whose company allegedly defrauded Citigroup appeared first on Canadian Business.
An official with the Attorney General’s Office says Amado Yanez owns Oceanografia SA de CV and the White Roosters, a Queretaro-based team in Mexico’s first division soccer league.
The official said Monday that fiscal authorities are reviewing the team’s financial and administrative structures. He agreed to discuss the investigation only if granted anonymity because he was not authorized to publicly discuss the case.
Authorities are also investigating Oceanografia after it allegedly overstated by $400 million the business it was doing with Mexico’s state-owned oil company to get loans from Banamex, Citigroup’s largest Mexican bank.
Oceanografia was suspended from getting more Pemex contracts in February.
The post Mexico investigates soccer team owned by man whose company allegedly defrauded Citigroup appeared first on Canadian Business.
Joseph Malchow: Those Nonsensical 'Google Bus' Attacks
– online.wsj.com
Why declare war on the tech workers who pour $14.5 billion of income tax into California?
