The content on this website includes links to our partners and we may receive compensation when you sign up, at no cost to you. This may impact which products or services we write about and where and how they appear on the site. It does not affect the objectivity of our evaluations or reviews. Read our disclosure.
by Enoch Omololu, MSc (Econ)
A Registered Educational Savings Plan (RESP) is a government program that enables parents to save for their child’s post-secondary education. You can make three types of withdrawals from an RESP: …
by Enoch Omololu, MSc (Econ)
Annuities are one of the many options available to individuals in their retirement planning. As previously discussed, some of the better-known retirement planning tools include the Registered Retirement Savings Plan …
by Enoch Omololu, MSc (Econ)
Are you considering moving your RRSP, TFSA, RESP, or RRIF from one bank to another? There are many reasons why you may want to transfer your registered investment accounts from …
by Enoch Omololu, MSc (Econ)
If you are appalled at the exorbitant cost of investment fees (i.e. mutual fund management fees) in Canada and the toll it takes on returns, you’re not alone. A 2017 …
by Enoch Omololu, MSc (Econ)
The Rule of 72 has been around forever and is a very simple way to determine how many years it will take to double your money or the funds invested …
by Enoch Omololu, MSc (Econ)
Much has been said about saving for your child’s education using the Registered Education Savings Plan (RESP) and associated government grants (CESG, CLB, Provincial education grants). So, how about if …
by Enoch Omololu, MSc (Econ)
What happens to your kid’s Registered Education Savings Plan (RESP) if they decide not to pursue post-secondary education? It’s a good question to ask! As I have previously discussed, the …
by Enoch Omololu, MSc (Econ)
The Tax-Free Savings Account (TFSA) is a great tool for saving and investing tax-free. As the name implies, any capital gains, dividends, or interest generated on your TFSA investments are …
by Enoch Omololu, MSc (Econ)
Every New Year, you can contribute to your RRSP during the first 60 days and claim it as a deduction in your income tax return for the previous year. For …
by Enoch Omololu, MSc (Econ)
In a previous article, I discussed how to open a TD e-Series Funds account and the pros and cons of using the e-Series funds. I have also summarized the basics of …
Personal Finance for Canadians
The content on this site is for informational and educational purposes only and is not intended as a substitute for professional financial advice. Always consult a licensed financial expert before making any decisions based on the information you read on this blog.
Articles on SavvyNewCanadians.com may contain affiliate links. That means if you decide to make a purchase or sign up through these links, we may earn a commission at no cost to you. Please read our disclaimer/disclosure for more info.
© 2016 - 2023 Enoch Media Inc. All Rights Reserved.
Exclusive Member of Mediavine Finance