RRSPs are designed to help you save for retirement. According to Canada Revenue Agency rules, you must close your RRSP by the end of the year in which you turn 71, although you can certainly do so earlier if you're ready to begin generating income from those savings.

Financial literacy is a crucial life skill everyone should acquire, and it’s never too early to start teaching it to children. While the education system does include financial literacy as a component of education, we cannot rely on it alone. One of the fundamental aspects of financial literacy is instilling the value of saving, something passively discussed in school.

The lingering aftermath of the pandemic continues to cast a shadow over small businesses, prolonging their recovery. Many of these enterprises initially turned to loans, such as the Canadian Emergency Business Account (CEBA) to weather the storm. However, the unforeseen sluggish sales and subsequent rise in interest rates have left numerous business owners grappling with financial strain.

Did you know that nearly 98% of all Canadian businesses fall into the small business category? These entrepreneurial powerhouses are the unsung heroes of the Canadian economy, driving innovation, creating jobs, and fostering economic growth.

Life is filled with unexpected twists and turns; sometimes, your mortgage must adapt accordingly. Whether you’re seeking more financial stability, hunting for a better interest rate, or responding to shifting family dynamics, moving your mortgage to another lender can be daunting.

This is a tax-free monthly benefit for families designed to help with the cost of raising children.