Well, no one expected this. For months the consensus has been that interest rates in Canada would remain stable right into 2018. Now Bank of Canada governor Stephen Poloz and his colleagues are dropping broad hints that the central bank will move a lot sooner, perhaps as early as this Wednesday’s meeting. The loonie has […]
TFSAs are beating up on RRSPs. The tax-free savings account has only been around since 2009, while registered retirement savings plans were created in 1957. But age and experience count for little in today’s savings world. Data from the Canada Revenue Agency shows that TFSAs have been drawing in more money than RRSPs in recent […]
Joint tenancy has always been a complex estate planning tool, particularly when only one person contributes financially to a jointly held asset. However, the complexity has increased since 2007, the result of two landmark Supreme Court of Canada judgments. Three joint tenancy options There are three options for someone (let’s call her “Mom”) who wants […]
Mortgage Rates expected to rise again
Well, no one expected this. For months the consensus has been that interest rates in Canada would remain stable right into 2018. Now Bank of Canada governor Stephen Poloz and his colleagues are dropping broad hints that the central bank will move a lot sooner, perhaps as early as this Wednesday’s meeting. The loonie has […]