Over 1/3 of Canadians surveyed do not invest (TFSA, RRSP, GIC, etc.) and only 4% say they’ve ever seriously considered opening an account. Investing seems difficult, but it is one of the easiest ways to free money and there are a few simple options to get you started…
Living paycheque to paycheque may not sound ideal, however it is a stressful reality for many, as shown in a new survey from the Canadian Payroll Association (CPA). The CPA found almost half of employed Canadians would struggle if their paycheque was delayed…
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.
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.
If you’ve been following along with our debt-free journey since the beginning of the year, you can likely see the finish line from here. So what will your life be like after your final debt repayment? Here are some strategies to keep up the good habits in 2017.
It’s time to recognize Canada’s top-performing personal finance products! From credit cards to bank accounts and investments, here are the nominees for the 2016 Best of Finance Awards!