What is Blue Monday? Blue Monday was dreamed up 20 years ago by a British travel company for an advertising campaign. That’s right—it began as a marketing ploy. But over time, Blue Monday has evolved into a conversation starter at a time of year when many...
1. Make your cash work harder for you You work hard and save money, but is your bank account doing its part? Moving your cash deposits to a high-interest savings account (HISA) can help maximize your savings. With a HISA, you can earn more interest than...
The Chinese zodiac has 12 animals, which take turns exerting influence over each year, always in the same order. The snake holds sixth place in the cycle—the others, in order, are the rat, ox, tiger, rabbit, dragon, horse, sheep, money, rooster, dog and pig. (In...
The CCTS report highlighted a “troubling increase” in problems with service cancellation and switching service providers. Reports of being unable to cancel a service appeared in complaints 47% more often than the previous year, concerns about termination fees increased 35%, and complaints about being unable to...
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site. As a result, the SEC alleges, Musk was able to underpay “by...
Ask MoneySense Is it a good idea to pay off my mortgage with my RRSP money and then put what my mortgage payment was back into the RRSP once I’ve paid it off? What are the pros and cons of this strategy to being mortgage free? –Mike Pay...
Should you accelerate your mortgage payments or invest? Making the right choice boils down to prioritizing and projecting. But here’s the thing: mortgage debt repayment is investing. Your return comes from interest savings that accrue by paying down the principal portion of your debt. Sometimes, Canadians choose...
“Despite interest rates decreasing, people are still concerned,” said Grant Bazian, president of insolvency firm MNP. The survey, conducted by Ipsos, found fewer Canadians expect their debt situation to improve in the coming year while a growing number believe it will worsen. More than half say...
Crypto ETFs hold actual crypto, so they’re a more direct way to gain exposure to crypto compared to shares in a public company engaged in crypto activities. Crypto ETFs are eligible for tax-advantaged accounts like the tax-free savings account (TFSA), registered retirement savings plan (RRSP) and...
GICs versus stocks in a non-registered account If you buy guaranteed investment certificates (GICs), Joe, you will avoid capital gains tax on your death. But you may pay more overall tax. GICs don’t grow in value the way a stock can appreciate over time, so there’s...
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