Registered Retirement Savings Plans (RRSPs) are savings plans designed to help Canadians save for retirement. Your RRSP contributions can be put into investments or savings deposits while in the plan….
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Anchoring effect: How meaningless information can affect your financial decisions
…they are saving money, even though they’re still spending. In some cases, discounts can cause people to spend more money, not less. Investing – When asked to evaluate the fair…
How to plan for occasional and unexpected expenses
…may need a larger amount for travel. If you need less money during some months, you can transfer it to a savings account where it can build interest and be…
Making RRSP withdrawals before and after you retire
…regular stream of retirement income. Or you can withdraw your savings in cash. You can also withdraw money before you retire. Whenever you want to withdraw your RRSP savings, there…
How chequing accounts work
…money in your chequing account. Savings accounts pay slightly more interest. Pre-authorized debits – You can easily transfer money from your account automatically each month to pay bills or to…
What are different ways to borrow money?
…takes away money from other important needs. When you borrow money, you have to pay interest. That’s money you could put toward savings or spend on other things. It can…
What is DIY investing and how does it work?
…complement your other financial obligations including debt repayment, saving, and managing your budget. Have a look at your monthly budget to know how much money you have available to invest….
Personal finance for veterans and service members
…to add to your retirement savings. This includes a Registered Retirement Savings Plan (RRSP) or a Tax Free Savings Account (TFSA). Learn more about how to plan your income sources…
Top tips for new investors
…how much you can put towards investing or saving each month. 2. Set goals for what you want to do with your money Knowing what you’re investing for will help…
FPM 2025
…– Managing Your Money 101 Sign up for Managing Your Money 101 — a free course to help you learn how to stay safe from fraud and manage your money….