…How do you make money investing in bonds? There are two ways to make money on bonds: through interest payments and selling a bond for more than you paid. 1….
Here’s what we found on "Saving Money"
Search results
How mutual funds work
…certain countries. Or, it may invest in a variety of investments. When you buy a mutual fund, you’re pooling your money along with other investors. You put money into a…
Managing money in a second relationship
…money attitudes and behaviours. Sometimes, opposites attract (see where you fit with the Love and money quiz). Money is one of the top issues that can cause conflict in a…
Annuity options and your payments
…annuity What are annuity options? When you deposit a lump sum of money to buy an annuity, the life insurance company agrees to pay you a guaranteed income for a…
How to help your adult children build financial independence
…even if they only contribute a small amount. If you don’t need the money, consider putting it into a savings account and giving them the money when they move out….
Top 10 New Year’s resolutions for investors
…money is going. 4. Plan your saving or investing contribution strategy If you’re not doing it already, consider making regular savings contributions to accounts such as a TFSA, RRSP or…
Managing your finances solo
…goals that are important to you Your money should ultimately help you live the life you want. Make room for savings that will help your dreams become reality. For example,…
How RDSPs work
…RDSP under the Canada Disability Savings Grant (CDSG), and Canada Disability Savings Bond (CDSB). The beneficiary must start taking regular payments from the plan by age 60. Reasons to close…
Calculate your TFSA savings
Use the TFSA Calculator below to see how your savings could grow. See how your savings could grow A Tax-Free Savings Account (TFSA) is a type of tax-sheltered account that…
How Group RRSPs and Group TFSAs work
Registered Retirement Savings Plans (RRSPs) help Canadians save towards retirement and offer certain tax benefits. Tax-free Savings Accounts (TFSAs) are a savings vehicle that Canadians can use towards retirement or…