• May
  • March
  • January
  • categories: Deposits

    As online banks increase in availability, so do the comparisons. EQ Bank vs Tangerine has become a common one among financially savvy Canadians seeking the best savings and investment options; but which of the two digital banks is better?

  • December
  • categories: Deposits

    If you’re new to online investing, you have the option of doing it yourself by using one of the many robo-advisors or online brokerages in Canada. When you put your investments in a registered account—such as an RRSP or tax-free savings account (TFSA)—it’s less complicated because you won’t have to worry about calculating taxable income.

  • September
  • categories: Deposits

    It’s often said that when the United States sneezes, the world catches a cold. That expression can apply to the economy because there are signs that a recession—which is a normal part of the business cycle—is going to hit the U.S. Whether you like it or not, a recession is inevitable. It may be in a few months or a few years from now, but it’s inevitable.

  • August
  • categories: Deposits

    Guaranteed Investment Certificates (GICs) are fairly popular in Canada. As an investing method, they’re among the lowest risk methods available in Canada. GICs are insured in their principal amount, as well as in the interest that they accrue. This makes them a solid option for investors with lower risk-tolerance profiles that prefer conservative, safe investment options. But how does a GIC work exactly?

  • categories: Deposits

    If you own a house or a car, there’s a good chance you also own insurance. Saving and investment accounts issued by banks also come with insurance, except it doesn’t cost you any money. This insurance is known as CDIC coverage. It is issued by a federal Crown corporation called the Canada Deposit Insurance Corporation.