Saving & Budgeting

According to a research report by the Canadian Bankers Association, there are 76.2 million Visa and Mastercard cards in circulation in Canada. The number is higher than the total population of the country, which means technically everybody in Canada owns at least one card. Furthermore, the research shows that more than 75% of credit card owners in […]

PC financial mastercard

We spend a lot of time online so it is not surprising that most Canadians prefer online banking to traditional brick and mortar financial institutions. The traditional banking system has historically characterized by long queues and high deposit and withdrawal fees.  Today, at the tap of a button, you can do all your transactions from your couch, […]

Tangerine

What are the GST Payment Dates for 2021?

Are you a Canadian citizen who files tax returns every year? Yes, then you could be eligible for a tax credit on the GST (Goods and Services Tax) and HST (Harmonized Sales Tax) payments that you have made. What exactly is GST/HST, who is eligible, and when are the GST payment dates for the year […]

GST TAX CREDIT

WHAT ARE THE BEST GIC RATES IN CANADA?

We are all aware of how the COVID-19 pandemic led to a recession in the Canadian economy. It affected every sector so deeply that Canada saw its highest unemployment rate in several decades. In these uncertain times, savings play a huge role in every person’s life. With so much uncertainty in the job market, stock market, […]

GIC

Successful financial planning involves making wise investment decisions according to your financial situation and goals. As you begin to think about investments for 2021, it is important to be aware of how TFSAs and RRSPs can benefit you. Both these investment instruments can help you save on tax, but they work in different ways. In […]

tfsa