Confused about the TFSA – GIC combination? These investment vehicles can be used together to create tax-free guaranteed savings. Read on for ways to choose, and maximize your investment plan.
GICs are a great, straightforward investment option – but with the threat of inflation, and today’s interest rates so low, are they a worthy option? Read on to learn more about your GIC laddering options, and make the most of your money.
When it comes to picking the best credit card, mortgage or investing vehicle for your needs, do you know which lenders offer the very best? RateSupermarket.ca unveils the very best personal finance products offered to consumers in 2012 – a must have for your money management plan.
What could be more meaningful than the gift of financial success? Investments as gifts can be a great idea for that hard-to-please family member, or a way to create future financial stability for children.
Good news for investors: maximum contributions for tax free savings accounts will increase by $500 in 2013. TFSAs are a fantastic savings tool – but they’re surrounded by confusion. Learn more about the basics of using a TFSA and understanding the benefits of this savings vehicle.
A survey by ING Direct finds more than half of Canadians are confused about their tax free savings account options. The survey also found that the main reason investors are avoiding these accounts is due to lack of surplus monthly income from living paycheque to paycheque.
Leaving a nest egg for your kids is not as straightforward as it used to be. With seniors living longer than ever before, and with less wealth to go around, bereaved family members are advised to not count their chickens before they hatch.
Whether you’re saving for your kids’ education, or building up your retirement fund, a savings strategy is a must. But don’t just sit on your nest egg – explore diversification options like RESP’s, GIC’s and TFSA’s to make the most of your stashed-away funds.
You probably heard the news that in the latest federal budget, the government has changed the age at which payouts from the Old Age Security (OAS) payment program begin from 65 to 67. If you didn’t, you’re probably too young to think it matters to you. Well guess what, it does! Here, we review what the change means – and review some retirement planning options – based on your current age bracket.
The popularity of no fee accounts is growing. ING launched its no fee chequing account early this year. Ally did a big advertising push with TV ads featuring savings accounts that offer some of the best interest rates and PC Financial continues to push ahead featuring no-fee banking to Canadians.