Why open a registered retirement savings plan (RRSP)? An RRSP is a tax-advantaged account designed to help Canadians save and invest for retirement. Contributions reduce your taxable income for the year you make them, while investments grow tax-deferred until you withdraw funds in retirement. To choose the right RRSP, compare it with other registered accounts … Read more
Featured TFSA Accounts featuredEQ Bank TFSA Savings AccountEarn 1.50% tax-free on your cash savings.Go to site featuredTFSA GIC rate (1 year)Earn a guaranteed 3.50% in your TFSA when you lock in for 1 year.Go to site Best online brokersOpen your TFSA with one of Canada’s top online brokers. See our ranking.Read now MoneySense is an … Read more
Rogers CPKC CGI Cascades Empire Featured RRSP Accounts EQ Bank Build your retirement savings with 1.50% interest, tax-deferred contributions and zero fees. go to site Registered GIC rate Earn a guaranteed 2.75% in your RRSP when you lock in for 1 year. go to site Best RRSP rates See our ranking of the best RRSP … Read more
The first month of the year brings a familiar checklist for many Canadian investors: new tax-free savings account (TFSA) contribution room — $7,000 for 2026 — and the annual push to complete registered retirement savings plan (RRSP) contributions within the first 60 days for the prior tax year. Bank advisors know this cadence well. If … Read more
Ask MoneySense I contributed $16,000 to my FHSA and last summer I got married. Soon after, my wife purchased a condominium, in her name only, where we both live. I checked with the Canada Revenue Agency (CRA) to see if I can still contribute to my FHSA because it is my wife’s condo, not mine. … Read more
The Bank of Canada opened the year with its first policy decision: it held the overnight rate at 2.25%, the level in place since last October. This benchmark guides lenders’ prime rates and, in turn, affects variable-rate products such as variable-rate mortgages, home equity lines of credit (HELOCs), and many personal loans. The decision to … Read more
Starting a new life in Canada often comes with tight budgets as initial costs pile up. The good news is that everyday spending—groceries, transit, dining, and recurring bills—can work for you. By using a rewards credit card that gives points or cash back, you can extract extra value from purchases you already make. When used … Read more
BMO Financial Group will replace the Air Miles loyalty program with a new rewards platform called Blue Rewards this summer. The bank says the redesigned program will be available to all Canadians via a new Blue Rewards app and will be integrated into BMO’s existing mobile banking app and website for the bank’s customers. Existing … Read more
The “New Year’s special” for a two-bedroom unit in a midtown Toronto high-rise — offering up to three months of free rent plus a $500 move-in bonus — might be the first thing you notice when hunting for a new place. In central Vancouver, some listings include a year of free internet and two months … Read more
On January 26, 2026, Prime Minister Mark Carney announced the Canada Groceries and Essentials Benefit, a targeted package designed to help Canadians facing rising living costs. The government says the measure focuses on affordability for low- and modest-income households. The proposal must pass the House before becoming law, an essential step because it includes tax-code … Read more