All about Canadian Savings. Learn the ins and outs and get the latest news.
Latest News
What types of tax-free savings accounts (TFSAs) exist? + MORE Jun 19th
A tax-free savings account (TFSA) is a fantastic way to earn money on your savings, without having to pay tax on those earnings. Registered by the federal government, TFSAs are available to Canadians aged 18 and older. Unlike a registered retirement savings plan (RRSP), you cannot deduct contributio.... More »
This millennial has $100,000 in savings and wants to leave Toronto to buy a cheaper house. With help from parents, is it possible? + MORE Jun 12th
“After looking at all these properties, my boyfriend and I realize that we have to be realistic and find a place further out,” Vanessa said..... More »
Nine surefire ways to save on your grocery bill (and still eat well) + MORE Jun 19th
Surging food prices are taking a bite out of your wallet, so arm yourself with my pro tips for scoring the best savings, Lesley-Anne Scorgie writes..... More »
It’s possible to be a first-time home buyer twice—here’s how + MORE Sep 24th
Can you do something and then later do it again for the first time? You can if that “first time” involves buying a home.
There are a few supports and programs in place for first-time buyers in Canada, including the Home Buyers’ Plan and the first home savings account (FHSA). First-time home.... More »
How should young Canadians invest in bonds? + MORE Apr 9th
For young investors who are building the fixed-income portion of their portfolio, it’s best they keep their approach simple and go for low-cost investment options, experts say.
“If they’re just starting out, they don’t need to maybe source out an individual bond right away. I think .... More »
Stopping the impulse to buy stuff on autopilot is one of the most valuable money moves you can make, Lesley-Anne Scorgie writes
Stopping the impulse to buy stuff on autopilot is one of the most valuable money moves you can make, Lesley-Anne Scorgie writesCanada’s best credit cards for people with bad credit 2021
– moneysense.ca
Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. But if you want to improve your credit score, you’ll have to show you can handle credit responsibly—and the only way to do that is (you guessed it) to have a credit card. When used properly, having and using a credit card can actually be a helpful tool to assist in rebuilding bad credit—and, luckily, there is a whole host of products catered to people with poor credit scores. While these often come with higher interest rates and lower spending limits, they can be a good starting point to re-establishing a good credit score, which in turn will help you get approved for loans, a line of credit, or even a mortgage down the line.Best credit cards for bad credit in Canada
Card
Details
Annual fee
Home Trust Secured Visa (No Fee)
(get more details)*
19.99% APR
Min. deposit: $500
Secured card
$0
Plastk Secured Visa
(get more details)*
5k point sign up bonus ($20 value)
Points on every purchase
17…
