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Saving for your future (including retirement or any large purchases) is an important financial goal which requires discipline and includes tax strategies. Two of the most popular ways to save for retirement in Canada are the Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA). Popularity among Canadians for RRSP is higher given that it is a great way to reduce taxable income and save for retirement, while TFSAs often take a back seat. While each has their advantages and limitations, both can be used to maximize savings and compound tax benefits
Air travel during a global pandemic is akin to gambling. With airport congestion and labour shortages, there's a good chance that your flight will not take off on time.
Suppose you find yourself facing a significant delay in your flight or cancellation. Will the airline make sure you have another travel arrangement? If that's not possible, will you get your money back in the form of the original payment? Or will you have to settle for a time-limited credit for future flights? Finally, will you be compensated for your out-of-pocket expenses?
You have more rights under Canada's Air Passenger Protection Regulations (APPR), which took effect on December 15, 2019. The Regulations require airlines to give refunds and pay compensation if your flight is hit by disruptions that are within the airline's control.
Print edition of Canadian MoneySaver Magazine for $29.95 (+tax) per year
Saving for your future (including retirement or any large purchases) is an important financial goal which requires discipline and includes tax strategies. Two of the most popular ways to save for retirement in Canada are the Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA). Popularity among Canadians for RRSP is higher given that it is a great way to reduce taxable income and save for retirement, while TFSAs often take a back seat. While each has their advantages and limitations, both can be used to maximize savings and compound tax benefits
Ellen Roseman speaks with Michael Bartz, host of the In Over My Head podcast, about his tiny house and lowering his environmental footprint as well as living simply and frugally.
Ellen Roseman chats with Shaun Maslyk, CFP and host of the podcast "The Most Hated F-Word" about our money-stories and how they affect our relationship with money. He mentions Dr. Brad Klontz and the four money-scripts or subconscious beliefs that we develop as young children about money.
Air travel during a global pandemic is akin to gambling. With airport congestion and labour shortages, there's a good chance that your flight will not take off on time.
Suppose you find yourself facing a significant delay in your flight or cancellation. Will the airline make sure you have another travel arrangement? If that's not possible, will you get your money back in the form of the original payment? Or will you have to settle for a time-limited credit for future flights? Finally, will you be compensated for your out-of-pocket expenses?
You have more rights under Canada's Air Passenger Protection Regulations (APPR), which took effect on December 15, 2019. The Regulations require airlines to give refunds and pay compensation if your flight is hit by disruptions that are within the airline's control.
In this episode of the MoneySaver Podcast, Ellen Roseman speaks to financial educator Kelley Keehn about her new book "Rich Girl, Broke Girl". They discuss past mistakes, women and wealth and the issues that surround women and money.
Ellen Roseman speaks with Erica Alini, author of the personal finance book for millennials "Money Like You Mean It." They talk about what personal finance means to millennials and the challenges that they and Gen Z face.
Saving for young adults and professionals can be challenging, especially in an age where wages are barely keeping up with higher rent and real estate prices. It can be especially tough if one is accustomed to an easier lifestyle under a care-takers roof with much fewer bills to pay. For many young professionals, it may seem like a battle against many odds.