The beloved minivan has become somewhat synonymous with the word “family.” But what makes a great minivan? What makes it worthy to haul you and your loved ones around from school, to soccer practices and across country on family road trips?
More than a third of all Canadians are withdrawing their RRSPs early, with many using the money to pay down debt or for basic living expenses, according to BMO’s annual RRSP study. At the same time, fewer Canadians plan to contribute to RRSPs this year in comparison to last.
Winter driving can take quite a toll on your car (pun intended). Not only is it messy, slippery, and slow – it can also be very expensive. The U.S. Environmental Protection Agency (EPA) has reported that a drop in temperature from 24°C to 7°C can increase fuel consumption by 12 to 28 per cent.
Maybe you want to go on a last-minute vacation next month or you just anticipate more expenses than usual. Saving an extra $500 in a month may sound easy to some, or impossible to others. But the fact is, saving money is more than…
The Canadian government offers plenty of incentives for long-term savers, including couples saving for retirement. Sure, both of you can still open your own individual Registered Retirement Savings Plans (RRSP).
At this time of year, it seems like the financial world is awash with information on what is a Registered Retirement Savings Plan (RRSP), the benefits of having one, and how to start one. But there are still a few planning points that Canadians either aren’t aware of or don’t know how to fully put to use…
A new year provides the perfect opportunity to mentally give yourself a clean slate and get a handle on your finances. Are you planning on saving more this year? Investing? Paying off debt? No matter your resolution, you first need to gain a clear understanding of where you stand financially. And in order to do so, here are a few things you should know so you can best leverage your hard-earned dollars.
According to the latest Statistics Canada data, close to 6 million Canadians put money into an RRSP plan last time out – which means roughly two thirds of those who were eligible to contribute didn’t put in a penny.
Over the next month, you’ll likely see a lot of ads and articles reminding you to invest in an RRSP. This is because the deadline for investing in a new RRSP and qualifying for a rebate on your 2016 tax return is March 1st, 2017.
Over and over again, we keep hearing that Canadians just aren’t saving enough. According to reports, we owe too much, spend too much and don’t have a saving strategy in place to build a nest egg for retirement and emergencies.