Many Canadians are surprised when they withdraw money from their RRSP (Registered Retirement Savings Plan) and discover that the actual amount they receive is much lower than expected. For example, you might withdraw $10,000 but only see $8,000 deposited into your account. This difference is caused by withholding tax, which is automatically deducted by financial […]
When it comes to personal finance in Canada, two of the most popular investment vehicles are the Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA). Both accounts come with powerful tax advantages, but they work in different ways and are suited for different financial goals. If you’re wondering about the difference between
TFSA or RRSP? How Canadians Can Maximize Savings in 2025 Read More »
What Are GICs? A Guaranteed Investment Certificate (GIC) is a safe and low-risk savings product offered by Canadian banks. Investors deposit money for a fixed term (e.g., 1 year, 5 years) and receive a guaranteed interest rate. GICs are ideal for conservative investors who want predictable returns. Types of GICs include: Current GIC Rates at
Latest GIC Rates in Canada’s Big Five Banks (September 2025) Read More »
