Deposits

There are many ways to invest your money. One that gets a lot of mention on this blog is guaranteed investment certificates (GICs). These investments have been around since the dawn of time, trusted by generations … Read More

Using a TFSA is a great way to avoid paying taxes. However, it can be a bit confusing for many Canadians, primarily due to the name. While you can put many different types of investments—like stocks … Read More

When you’re earning interest on your investments, you’re going to have to pay tax on the income if they’re sitting in a non-registered account. But if they’re held in a registered account—such as an RRSP—you can … Read More

Thrifty shoppers came out in droves to save money on things they don’t need on Black Friday this year – as they tend to do every year. They did the same on Cyber Monday. Maybe you … Read More

In the United Kingdom, switching banks is incredibly easy. The Current Account Switch Service (chequing accounts are known as current accounts in the UK) is a free service that automatically closes your old account, moves your … Read More

The Canadian government first introduced registered retirement savings plans in 1957 as a way to help Canadians save and invest their money in a tax-efficient manner. Yearly contributions into an RRSP can be used as a … Read More

You’ve probably heard lots in the news about the stock market. Stocks go up, stocks go down. Fortunes are made and lost. There’s excitement and drama, and the potential to win big. But you probably haven’t … Read More

The term Big Five says it all: When it comes to banking, Canadians don’t have much choice. If your current chequing account is your first and only, you’re among friends — a large number of respondents in … Read More

When many people think about buying a GIC, they tend to think in terms of investing a lump sum into one GIC. With this kind of approach, all the money is tied up in the investment … Read More

Credit unions are a big part of the Canadian banking system. Canada’s credit unions have more than 5-million members, and there are hundreds of local credit unions and caisses populaires serving communities from coast-to-coast. While credit … Read More