Savings

Withholding tax on U.S. ETFs for Canadians U.S. equity markets represented about 46% of global equity market capitalization as of the third quarter of 2022. The S&P 500 total return in Canadian dollars over the past 50 years as of…

1. Made your list? Check it twice—against your bank account Maybe you’ve set a holiday shopping budget and are determined to stick to it. But even if you’re planning to cut back compared to last year, ask yourself if you can really…

Teacher discount schemes can make a huge difference in the lives of education staff. But knowing where to look to find these discounts and deals can be a challenge. Don’t worry! Here you’ll discover all the amazing offers and…

“The Canadian economy grew more than expected in the third quarter, although the weakening housing investment and consumer spending suggests that higher interest rates are beginning to bite. Gross domestic product (GDP) increased 2.9%…

Named beneficiaries vs the estate—which is better? Thanks for writing in, Catherine. A common thing we think about when doing our estate plan is how to make transferring our assets and money to friends and family go smoothly. So,…

Most of your money will be tied up in your home. Is your plan to leave that money to your children? If not, when would you want to access that money and how? When you’re engaged in the planning process, experiment with different…

What happens when the Bank of Canada raises or lowers interest rates? If the economy is struggling to grow or experiencing a shock, as it did during the COVID-19 pandemic, the BoC can slash interest rates to help boost economic activity.…

There are loads of loyalty cards and schemes – from fast food, beauty, healthcare, supermarkets, pet stores, and furniture outlets. Most come in the form of apps you can keep on your phone, which certainly saves carrying around so…

Collecting CPP and OAS while working in your 60s You can begin your Canada Pension Plan (CPP) pension as early as age 60 or as late as age 70, Simon. At age 65, you generally need 39 years of maximum contributions to receive the maximum…

According to an RBC poll, more than 80% of young adults believe financial stability is central to their overall happiness. Luckily, getting started is surprisingly easy. And the more you do it, the easier it gets. The poll also found…