Retirement is a life chapter that many will spend decades planning for using a Registered Retirement Savings Plan (RRSP). RRSPs have been a staple of Canadian personal finance since 1957. Since then, financially savvy Canadian citizens have taken full advantage of the exceptional tax benefits that this savings program provides. To add icing to the personal finance cake, RRSPs can also hold various types of investments along with savings—all of which can grow tax-free.
Every year, Ratehub.ca rounds up the best credit cards in the country to help Canadians wade through the financial weeds to find the card most suited to their spending habits and lifestyle. Like clothing, credit cards … Read More
The Bank of Canada announced it is keeping its target for the overnight rate stable, at 0.25%. This is the effective lower limit of the overnight rate.
Travel can be expensive, but a good travel credit card can help offset the cost — or help you travel for free — by rewarding you points or miles for making everyday purchases. In addition to … Read More
High-interest savings accounts provide a great vehicle for long and short-term savings, with many of the best high-interest savings accounts in Canada offering interest rates over 2%.
Look, 2020 was a doozy. With 2021 around the corner, we wanted to share some predictions for trends in Canada’s mortgage and housing market.
The Bank of Canada announced it is keeping its target for the overnight rate stable, at 0.25%. This is the effective lower limit of the overnight rate.
Refinancing a mortgage is one of the more significant ways you can change your ongoing mortgage, and it can be costly. That said, mortgage refinancing gives you significant flexibility to adjust the features of your mortgage … Read More
Tax-Free Savings Accounts (TFSAs) are investing tools designed to shelter your savings from taxes. While its name implies that it is a savings account, TFSAs are accounts that keep your investments and the interest that they earn tax-exempt.
The Bank of Canada announced it is keeping its target for the overnight rate stable, at 0.25%. This is the effective lower limit of the overnight rate.