Deposits

 One rainy day last year, I looked at my savings account and had an epiphany: I had been with the same bank since I was ten years old and had no idea why. At no point … Read More

Years ago, I did some research for Ratehub that showed Canadians are likely to keep the same bank account for a long, long time. Keeping an account open for 20 years or more was normal – … Read More

If you’re a DIY investor (or taking steps to become one), you’ve like come across the term MER when researching potential ETF and mutual fund picks. MER stands for Management Expense Ratio and is a yearly … Read More

Every Canadian should have a plan, regardless of how old they are. However, it’s necessary to approach the decision of whether you should start saving or investing your money carefully by evaluating your current financial situation first. 

More than eleven million Canadians have already filed their taxes according to the Canada Revenue Agency (CRA). As of April 6, the average refund works out to quite a sizeable chunk of change: $1,788. While many … Read More

This article is sponsored by EQ Bank. The thoughts and opinions are my own. Contrary to the popular expression, sometimes money and love (or family and friends) do mix. Case in point: joint savings accounts. A … Read More

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.

An online brokerage – also known as a discount brokerage – is a must if you want to take investing into your own hands and trade individual stocks, bonds, or exchange-traded funds (ETFs). The best thing … Read More

This post is sponsored by EQ Bank. The views and opinions expressed in this blog, however, are my own. We Canadians are very fortunate to have two powerful, government-approved ways to ease our tax burden and … 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%.