Get ready for your March Money Update: The Bank of Canada keeps rates at status quo while a debate rages over your TFSA savings options. Read on for this week’s top finance headlines.
Recent CRA TFSA audits have made some savers nervous about using these tax-free savings vehicles to grow their money. Should you worry? Rubina breaks down what behaviour the CRA is looking for.
The latest Manulife Investor Confidence Index finds Canadians are still wary about their investing options, and haven’t yet recovered from the 2008 economic crisis.
Financial resolutions 2014: Want to be better with your money in the new year? Here are our four top tips.
Working with a financial advisor? Here are six important areas to discuss as you create your own financial and investing strategy.
Mutual funds have received a bad rap lately for reports of hidden fees, dishonest advisors, and little return. Here’s how to asses them for yourself.
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.
For many newcomers to Canada, the initial years are mostly spent trying to establish a new life – one that includes a new job, a new home and new friends. With the focus shifted to the challenges of getting settled, planning for retirement often takes the back burner. Not only that – the concept of retirement in Canada might differ than in their country of origin.
Thinking of moving in with your significant other? Embarking on the next era of your relationship means taking the communication about your finances to the next level. While there are plenty of benefits from going dutch – paying halfsies on rent and other bills means a savings boost – financial incompatibility can be a deal breaker.
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.