High home prices got you down? Many people, particularly millennials, feel like the dream of homeownership is out of reach, especially in Toronto and Vancouver – Canada’s most expensive real estate markets. However, buying a home and being mortgage-free…
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…
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 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.
RateSupermarket.ca introduces the 2016 winners of the Best of Finance awards! In this post, we’re recognizing some of the best banking products in Canada, from chequing and savings accounts to GIC’s and TFSA’s.
We’re heading into the final stretch of the holiday shopping season, but do you really need everything that’s on your Christmas list? Here are some ways to cut back expenses and make your money go further.