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.
Ratehub.ca helps thousands of people from all financial backgrounds find the best interest rates in Canada each and every day. The information we’ve gathered through our diverse customer base allows us to figure out what our customers across ten provinces and three territories preferred when it came to banking and investing accounts.
When your TFSA and RRSP are maxed out and you’re looking to avoid penalties, try two trusty non-registered savings vehicles: high-interest savings accounts and guaranteed investment certificates (GICs). These savings tools don’t have any contribution limits or penalties. And they can help you keep your money safely saved while you wait for more contribution room to open up in your TFSA and RRSP on January 1st.
What is the best thing to do with your spare cash, pay off debt or invest? The answer, as you might expect, is that it depends. There are definitely some general rules to follow, though, and … Read More
More start-ups and companies are taking a customer-focused approach to doing business, with banks following en suite–and it’s about time. Thousands of Canadians each year are ditching their overpriced bank accounts and making the cost-conscious switch to … Read More
Your net worth is one of the most important numbers to track over time. It’s the difference between what you currently own and what you currently owe, giving you an overall look at your financial picture … Read More
Not only are death and taxes a sure thing, there are almost always tax changes and new benefits every year. Here’s a rundown of what’s new and what’s changed: Medical expense tax credit for service animals—Before … Read More
We’ve all heard stories of people who, with some combination of skill and luck, hit it big on real estate or cryptocurrency or pot stocks. Depending on your tolerance for risk, you can give those things … Read More
So, you find yourself with a tax refund. Now, the money is in your account and you’re wondering, what’s the best way to use this? To help you make the wisest choice, we’ve consulted with Liz … Read More
An RRSP loan may be a good idea, but read more to find out. March 1st, 2019 is the deadline for RRSP contributions. While retirement planning may not be at the top of your list—especially if … Read More