The traditional RRSP wasn't meant for the age of precarious work. But there is an alternative.
Here are tips for each decade of your life that will help you not only survive, but thrive, with your finances.
How to know where to put your savings, or where to start.
A roundup of the best chequing, savings, TFSAs, and GICs.
Without the forced savings of a mortgage, here's how much you should be putting away.
You could have $52,000 in tax-free savings by now.
There have been government committees, discussions with the private sector and even a national strategy to teach Canadians basic personal finance. But when Statistics Canada data showed late last year that Canada's household debt is now larger than its GDP, it became painfully apparent that we're failing.
I wouldn't claim that all of the big banks are caught up in scandals over high-pressure sales tactics. The people working at the big banks can tell you that. This breakdown of trust is a systemic problem. But it doesn't need to be this way.
According to recent media reports based on the Panama Papers, some see Canada as a tax haven. It may seem unlikely when you are reviewing how much tax you paid to the government in 2016 but evidently, our reputation and economy is a good venue for hiding wealth.
No matter which one you pick, it's best to start early.