What to Know About Opening an RESP Account An RESP or Registered Education Savings Plan is one of the best ways for parents in Canada to save for their child’s future education. RESP account has very many advantages, such as government grants, tax-free growth, and a chance to make sure that your child is financially […]
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How to Avoid Penalties for Filing Your Canadian Taxes Late It’s important for Canadians to file their taxes on time in order not to attract the usually high penalties and interest rates attached to unpaid taxes. The Canada Revenue Agency is very particular about deadlines, and missing these deadlines may lead to financial implications that
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Low-Interest Credit Cards for Debt Consolidation in Canada Having more than one credit card and paying very high interest on each of them is stressful, not to mention that all the monthly payments only go towards paying the interest rather than the principal. Among the major financial tactics that Canadians use to enhance their financial
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Top Travel Credit Cards for Canadians: Earn Miles and Save on Flights At present, people are more inclined towards traveling, and Canadian residents are no exception as they travel to different places within their desired budget without spending too much money. This is why travel credit cards prove to be some of the most useful
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How to Create a Debt Repayment Plan A debt repayment plan is a structured process of reducing debt balance by creating an orderly remittance plan that considers the interest rate, the number of years you intend to pay your debt, repayment terms, and the overall financial goals. Debt management tools and approaches, such as snowball
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Robo-Advisors vs. Traditional Advisors: Which Is Better? When it comes to managing finances, Canadians have two main choices: robo-advising versus traditional financial advising. Robo advisors offer low-cost, technology-driven investment solutions, while traditional advisors offer personalized, hands-on financial planning. Younger and newer investors are big fans of robo-advisors because they are simple, cheap, and accessible compared
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Best Robo-Advisors in Canada 2024 In Canada, Robo-advisors have come to revolutionize the world of investing with automated portfolios and low fees, making them perfect if you want to take an off-hand approach and get high returns. The best Canadian robo-advisors have various investment choices, low management fees, and competitive Management Expense Ratios (MERs). In
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Best High-Interest Savings Accounts in Canada If you want to save more while enjoying special privileges, here’s what to know. With these best high-interest savings accounts in Canada, you will find options based on your needs to help maximize your money with minimal fees and obtain valuable rewards. Each account offers advantages from high interest
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The Best Tax Software for Canadians in 2024 Filing taxes during tax season can be a stressful time for some Canadians, but with the right tools, you don’t have to let it weigh heavy on your shoulders. Tax software has become a necessity and a pretty useful tool for individuals as well as businesses to
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Penalties for Filing Your Taxes Late In Canada If you are late filing taxes in Canada, there are serious financial consequences, from interest charges and penalties to losing government benefits. The Canada Revenue Agency (CRA) has a strict framework in place to encourage timely filing and payment of taxes and ensure compliance at the same
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