ING Direct, Canada’s number one online bank, may be up for sale, a surprising turn of events following news that its Dutch parent company, ING Groep NV may be strapped for funds.
Break ups are never easy, but they can be especially complicated when finances are involved. Depending on your province and the length of your relationship, the definition of “mine” and “yours” can change. Read on to learn more about the financial implications of common law relationships.
Does the motto “sharing is caring” extend to your bank account? For many couples who cohabitate, opening a joint account to deal with combined financial responsibility just makes sense. However, there are warnings to heed before you truly share the wealth.
It’s a stark reality: according to a CIBC poll, 59 per cent of Canadians will retire while holding debt. Adapting to a fixed income can make it challenging to manage day-to-day expenses and afford extra debt payments. Here are a few key numbers to consider when planning your retirement.
Looking to plan for your financial future? The rate of return estimate you start with can make all the difference in the success (or failure) of your investment. While it may seem daunting to predict the future with confidence, it’s vital for you to determine what return percentage you expect to receive before designing your financial or retirement plan.
It’s the great Canadian dream – retire as early as you can and kick back to enjoy your golden years in relaxed style. For many Canadians, though, this simply isn’t a reality – and as pension possibilities dwindle, many are on their own when it comes to saving for their senior years. We’ve got a few ways to help cut corners – and make the most of your post-pension finances.
It seems like we spend our lives striving to be debt free, but the reality is, each life stage presents a unique financial challenge to overcome. Whether you’re a student scraping by, or facing retirement with a smaller-than-expected pension, planning for your unique debt stage will help make you more prosperous at any age.
It seems bank credit rating downgrades are the financial headline du jour – and it all kicked off with news of Dutch bank ING Bank of Canada receiving a hit from Moody’s last week. Why are banks the target of such slashings? As usual, European debt crisis is a contributing culprit.
Planning to leave your parents’ home? “Fleeing the nest” can be an exciting coming-of-age milestone – but it comes with bills, bills, and you guessed it, more bills. Whether you’re off to experience student housing or are a new grad looking to establish yourself, budgeting and saving skills are vital to becoming financially independent.
RateSupermarket.ca Launches Their High Interest Savings Accounts Comparison TORONTO, February 16, 2011… RateSupermarket.ca, Canada’s go-to rate comparison website for personal finance products like mortgages, credit cards, GICs, and insurance, has added a new product to their offering – savings accounts. Now Canadian consumers can easily compare the best offers on high interest savings accounts from …