Tag: tfsa

Saving for a Down Payment

By: Elias Kellendonk

Any down payment that totals less than 20 per cent of the property value will require mortgage default insurance, and be considered a high ratio loan.

Retiring correctly as important as amount of savings

By: The Super Broker

An increased number of Canadians will reach retirement during the next few years, but while saving as much as possible is important, how a retirement fund is fulfilled may be equally or more vital.

Investing for Young People Part 3: Differentiating Mutual Funds

By: Elias Kellendonk

Perhaps jumping into the stock market has turned out to be more of a chore than you and your child anticipated. If savings bonds and GICs are not offering the rates of return you and your child would like to see their savings yielding, mutual funds are a promising alternative. At current Canadians have well …

What is TFSA: Why Canadians should be Investing Tax-Free

By: Elias Kellendonk

How will the Canada Tax Free Savings Account Guard your Retirement Funds? Registered or unregistered – that seems to be the question as Canadians plan and gear their savings and investment accounts toward retirement. Most experts advise that your investments gain a return in excess of two per cent in order to beat annual inflation. …

Building up your Retirement Emergency Fund

By: Elias Kellendonk

According to an Ipsos Reid Retirement Risk survey conducted earlier this year, roughly 72 per cent of Canadians approaching retirement are concerned over how they will maintain a comfortable standard of living through their retirement years. Most Canadians are additionally anxious that their savings will not be sufficient in covering needed health care expenses. Sun …

Tax-free investments overlooked by many Canadians

By: The Super Broker

Experts at CIBC say that people need to start taking advantage of tax-free savings programs.

Canadians: Start Making Use of the Tax-Free Savings Account!

By: Elias Kellendonk

Tax-Free Savings Accounts have been available to Canadians for two years, yet only one third of Canadians have opted to open one for themselves.

Canadian Study Finds Having a Financial Plan Yields Greater Savings and Security

By: Elias Kellendonk

The study, ordered by the Financial Planning Standards Council (FPSC), found that of the 20 per cent, or less, Canadians who actually employ a financial planning strategy, virtually all state that doing so has affected an increased ability to save, and an improved sense of security and lifestyle comfort.

Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage