…investments that are easy to turn into cash. High-interest rate savings accounts GICs Savings bonds Money market funds TFSA savings deposit Medium: five to 10 years Saving for:child’s education home…
Here’s what I found on "Saving Money"
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How the First Home Savings Account (FHSA) works
…home? Summary What is the First Home Savings Account (FHSA)? The First Home Savings Account is a type of registered savings plan for Canadians saving to buy their first home….
Five ways to find money to save
…$20 or more per month on their own. If you can find multiple ways to cut expenses or use trade-offs, the saving could be very worthwhile. Try more money-saving tips…
What is a pension plan and how does it work?
…pension savings. Learn more about defined contribution pensions. What is a workplace savings plan? Some employers offer savings plans instead of, or in addition to, pension plans. These types of…
What is life insurance and how much do you need?
…savings and insurance needs Policy provides both insurance protection and tax-sheltered savings Retirement – savings can be used to cover ongoing premiums, increase the policy’s death benefit or used as loan collateral to provide money…
How to make RRIF withdrawals
…you were putting money into your RRSP to accumulate savings for retirement. Now, you withdraw that money from your RRIF as retirement income. Once you convert your RRSP to RRIF…
Preparing for financial emergencies
…find out when you can get your money out and if there are any fees or penalties for early withdrawals. Cash equivalents include: savings accounts high-interest rate savings accounts (HISA)…
How RDSPs work
…receive federal and provincial disability benefits. Similar to other types of registered savings plans like the Registered Retirement Savings Plan (RRSP), an RDSP can hold savings or investments, or both….
Behavioural insights: How to counteract your biases to make better decisions
…example, consider your retirement. Most working adults are not saving enough money for retirement. Behavioural scientists attribute much of this to present bias – people prefer to spend money today…
Buying your first home
…in any monthly fees, property taxes, renovation costs, and moving costs. How to save for a home Saving for a down payment is a large saving goal that can take…