Why Are Canadians Contributing Less to TFSAs?
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Why Are Canadians Contributing Less to TFSAs?

Canadians put a lot less money into their TFSAs last year, according to a recent survey from BMO Financial Group, and most of them cite the same reason for their decision: they simply didn’t have any extra money to work with. Overall, the average person put in… Continue reading »

RRSP Penalties: Fewer Canadians Contributing
Economic News / Growing Your Money / Lifestyle News / RSM News / Saving For Retirement / Savings 101 / Savings News

RRSP Penalties: Fewer Canadians Contributing

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. Continue reading »

Temps Rise, Rates Drop
Economic News / Mortgage News / Mortgages / Taxes

Temps Rise, Rates Drop

Are you ready for the busiest home-buying season of the year? Spring has certainly sprung for the Canadian real estate market, as open houses pop up faster than the crocuses. Perhaps the most telling sign: Bank of Montreal, the big-bank trendsetter, has introduced a “March miracle”: a history-making rate for new mortgage borrowers that has since been matched by TD. Continue reading »