How retired parents can use the FHSA to help their adult children
Canada’s new first home savings account nicely complements earlier real estate programs. Retirees with grown adult children should take...
How to have the most tax-efficient retirement income plan
Should you plan your retirement savings around paying the least amount of taxes? Find out the implications and the...
Video: Buying your first home? Learn about the First-Time Home Buyer Incentive
What is Canada’s First-Time Home Buyer Incentive program and who qualifies for it? In this short video, we explain...
What is financial planning?
Financial planning helps provide a roadmap for your money and your future. Learn who can provide financial planning in...
What is a payday loan?
Need to borrow a small-ish amount of money for a week or up to two months? Payday loans can...
What is a beneficiary?
When you buy life insurance in Canada, open certain investment accounts or prepare a will, you can name a...
What is CPI?
CPI is a key measure of inflation. Find out how CPI is determined and what it tells us about...
Compound interest calculator: How to use one and how interest grows
Watch your money grow—or calculate how much money you will owe in total—with the MoneySense compound interest calculator. Here’s...
What is the benchmark interest rate?
The Bank of Canada’s benchmark interest rate can have an impact on everything from your savings account to your...