Right now, people are lining up outside a major British lender, Northern Rock, determined to withdraw their savings. Seeing a bank run in the United Kingdom — people queuing politely to take out their money — feels surreal to many. For some, it’s an image more associated with black-and-white newsreels from the 1930s than with … Read more

Economists say inflation likely picked up again in February, driven in part by higher gasoline prices, underscoring that the path back to the Bank of Canada’s 2% target will remain uneven. Statistics Canada will publish its consumer price index (CPI) for February on Tuesday. Most forecasters expect a year-over-year increase of about 3.1%, which would … Read more

The major player in UK investment platforms, Hargreaves Lansdown, has announced the special discount rates it has negotiated on several index funds. On the surface, these exclusive share classes look like some of the cheapest trackers available. From UK equities to emerging markets, you can build a broadly diversified portfolio using Hargreaves’ discounted range, which … Read more

Investors have plenty of reason to feel nervous right now. The so‑called U.S. fiscal cliff — a combination of tax increases and spending cuts set to take effect unless lawmakers act — has dominated headlines. If Congress and the White House fail to agree on a solution by year‑end, forecasts warn the economy could slow … Read more

Overview Full ranking The Canada Quiz To Retire To Raise Kids For New Canadians Best Weather Lowest Taxes This is the 14th edition of MoneySense’s Best Places to Live 2017, a data-driven overview of communities across Canada. This year’s study covers 417 municipalities—nearly double the number we included last year—and includes towns with populations as … Read more

A number of new investors have been asking whether they should delay their first steps into investing because of the disruption caused by the Retail Distribution Review (RDR). We hear this concern often in the Monevator comments and across online forums. Even some experienced DIY investors seem hesitant because execution-only brokers keep announcing platform fee … Read more

What caught my eye this week. A decade ago the UK was still riding the glow of the 2012 Olympics. The country felt energised on the global stage, attracting talented people from across Europe and nurturing a start-up culture in London that offered a credible alternative to moving to Silicon Valley. There were problems then, … Read more

How do TFSAs work? It’s not as straightforward as it first appears. Start with the basics. The government has increased the TFSA contribution limit several times since the account was introduced in 2009. As of 2017 the cumulative limit stands at $52,000. An additional annual increase of $5,500 is expected on January 1, which would … Read more

Getty Images Tax rules affecting families can change from year to year, and those changes can affect how much you owe or receive as a refund. This guide summarizes the key family-related tax credits and benefits for the 2014 tax year and explains the notable changes to watch for when filing. Family Tax Cut Introduced … Read more

Highlights that stood out to me this week. Let’s be honest: if ever there was a year to indulge in a frivolous Christmas splurge, it was 2020. This is normally the season when we at Monevator suggest worthwhile money and investing books to give as presents. The idea is to give someone you care about … Read more