Best FHSAs in Canada: Where to get the new first home savings account
MoneySense editors’ take Consider opening an FHSA before Dec. 31, 2023, even if you don’t intend to contribute right away. Unused contribution room can be carried forward one year, up to a maximum of...
View ArticleHow do the RRSP contribution carry-forward rules work?
Ask MoneySense If I have $25,000 contribution room left in my RRSP, can I take that all at once plus my regular RRSP contribution of $31,560 for the tax year 2024? Effectively making a contribution of...
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Wealthsimple Trade in-depth review 2024: The pros and cons of investing on...
Investing Wealthsimple Trade in-depth review 2024 Is it easy to buy and sell stocks and ETFs? Is it safe for Canadian investors? Find out the pros and cons of trading on the Wealthsimple app and...
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Best robo-advisors in Canada for 2024
This being 2024, robo-advisors have now been part of Canada’s investment landscape for a decade. They’re not some newfangled fad. They’ve been tested by market cycles as well as competition from even...
View ArticleVideo: How to choose ETFs, for Canadian investors
There are more than 1,300 exchange-traded funds (ETFs) available for Canadian investors. How do you know which you should choose? Watch this video and use our ETF Screener Tool. Check out this video...
View ArticleReducing risk in an RESP: How to invest as your kid approaches college or...
If you’ve opened a registered education savings plan (RESP) for your child or grandchild, congratulations. You’ve taken the first step towards financing their future college, university or trade...
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Top financial innovations of the last 25 years
To mark MoneySense’s 25th anniversary, we dove into the top innovations that have changed personal finance since this magazine was founded in 1999. From new registered accounts and investment products...
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What is a non-registered account and how does it work?
You could consider opening a non-registered account if you’ve reached the contribution limits of your registered accounts, like your registered retirement savings plan (RRSP) and tax-free savings...
View ArticleHow the Bank of Canada’s benchmark rate impacts your finances
The Bank of Canada (BoC) held its benchmark interest rate at 5% on March 6, marking the fifth consecutive time it has left the rate unchanged. Economists widely expect the BoC to lower its rate at...
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