According to census data recently released by Statistics Canada, almost two-thirds (65.2 per cent) of Canadian households are reportedly saving for retirement. But the savings vehicle used varies by age due to…
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.
The new Liberal government made plenty of promises for household finances while campaigning. Now, as they prepare to take office, Canadians are waiting to see how their bottom lines could be impacted. From new tax measures to student loans, we’ve rounded up the biggest changes to come.
The Conservative government made a promise to double TFSAs in their 2011 election platform. Will lower oil prices derail this plan – and could the government even afford to do so?
Surviving on minimum wage is never easy, and is a stark reality for many newcomers to Canada. Pracheer Saran shares how he managed to make ends meet – and even save – all while working for $11 an hour.
The Tax Free Savings Account (TFSA) has now been available to Canadian consumers for six years – but Canadians are still unclear on how to use it. The CRA reports many savers are over-contributing – and getting dinged by tax penalties for their efforts.
TFSAs were introduced as flexible savings and investing vehicles five years ago by the government – but confusion still abounds with Canadian savers, who aren’t clear on their contribution limits and investing options.
Investing 101 for beginners: Looking to take your money management to the next level? Here are the pros and cons of the most common investment vehicles.
The possibility of expanding CPP benefits for retirees has been discussed at length lately. Here’s how it could affect your retirement plan, and how to supplement your savings.
Confused about your TFSA savings options? Learn all about tax free savings accounts here, and whether they’re right for you.