How to Get T5 Tax Documents for Your Online Bank Accounts at EQ Bank, Oaken Financial, PC Financial, Tangerine, ZAG Bank
It’s almost tax time again. How joyful! Here’s how I rounded up some T5s.
What Is the Best Rate I Can Get Right Now (January 2017) for My Cash In a Savings Account?
It’s time to find the best place to park our roof and furnace funds.
How to Open a Tangerine Savings Account After You Open a Tangerine Chequing Account
It’s very simple to open a Tangerine Savings account if you are already a customer.
Why Might a Second RESP for a Niece, Nephew, Grandchild, Godchild or Other Loved Child be a Good Idea?
There are times when it might be better to open a second RESP for a child than to hand cash to the parents to put into the first RESP.
PC Financial Starts the Interest Wars With a 2.25% Offer
Time to transfer my cash savings around again to get a rate closer to the rate of inflation.
No Easy Answers to Saving in The Retirement Catch-Up Guide
I’m always looking for a quick way to enhance our retirement savings so I snagged this book from our library hoping for unconsidered insights.
How to Close an Extra Tangerine Savings Account When You Reach Your Savings Goal
Yep, I closed a Tangerine savings account.
Review: Why I Won’t Recommend Opening an Account at Zag Bank
I may be the only person who couldn’t successfully open an account at Zag Bank.
Where Should I Keep My Short Term Cash That I Need for Rent, a Reno, Buying a Home or Tuition to Make the Highest Interest?
So many banks, such low interest rates. Where should I park my money?
How to Deposit a Cheque By Taking a Photo Using the EQ Bank App
If a bank has no ABMs or ATMs and if they don’t want to get a lot of mail from Canada Post, they have to offer another way to deposit cheques.
How to Create More Savings Accounts at EQ Bank for Different Purposes
You can have more than one savings account at EQ Bank if you like to see at a glance what you’ve saved for various goals.
How to Open a Bank Account at EQ Bank to Get the 3% Interest on Its Daily Savings Account
Here I go again: this time I’m lured by a 3% open-ended offer for daily interest.
What Is EQ Bank and Why Should I Open a Savings Account There?
Yet another high interest savings offer from an e-Bank? I check out what EQ Bank has to offer.
I’m Opening an Account Today at Zag Bank So I Can Earn 2.5% on Cash in my Savings Account
I’m chasing interest rate offers again to try to keep up with inflation.
How I Unexpectedly Got a Discount on VIA Rail Tickets
It’s much more comfortable to take the train from Toronto to Montreal than to drive the 40/201 through a blinding snowstorm: especially if I can get a really good rate from VIA.
With the Drop in the Overnight Rate, What Interest Rate Can I Get On my Cash in my Brokerage Account?
If you have any cash parked in your brokerage account you may want to get it moving.
How to Contribute to Your TFSA Savings Account at Tangerine
It may be time to top up your TFSA if you’re using it as an emergency or short-term savings fund.
Fighting the Urge to Shop Too Much
Will anything stop me from shopping too much?
Planning the Best Way to Invest Our Emergency Fund
We needed a strategy to try to keep our emergency fund available but earning enough to meet or beat inflation.
How to Transfer Funds Into Your Oaken Financial Savings Account
In which I test a transfer into our new Oaken Financial bank account. And in which the true identity of PC Financial is exposed to all!
How to Buy a Guaranteed Investment Certificate, GIC, at Oaken Financial
Could I buy a GIC online? How long do funds stay on hold? Can I buy while my funds are still on hold?
How to Set Up Online Banking with Oaken Financial
Well that was fast: my savings account is open; my GIC is purchased and my ability to transfer funds between banks is set up. How long did it take Oaken to complete these tasks?
How to Open a Higher Interest Daily Savings Account at Oaken Financial
Would you pick a fund with a MER of 0.25% or an identical one with a MER of 0.59%? Then you know why I’m opting to open a non-registered account and buy a GIC from Oaken Financial.
How Many Bank Accounts Can I Open at President’s Choice Financial? Why Would Anyone Want More than One Bank Account?
I was surprised by the answer to this question.
Which is Better Tangerine or PC Financial: When Will I Get My Bonus Interest from PC Financial?
When will you get your promotional bonus interest? Does Tangerine pay compound interest?
Testing the Rules of the Tangerine Interest Rate Promotion by Moving Money Between Spouses
In which I introduce the Crooks Contrivance and report on its efficacy. (Or, in other words, how I gamed the Tangerine system to get some extra interest on our savings.)
PC Financial Offers 3.1% Short-Term Rate to Lure Customers from Tangerine
If only I’d published this on the 8th, it would have been a scoop. Ah well, here’s the details of the latest salvo in the savings account interest rate wars.
Do You Transfer Your Cash Between Tangerine and PC Financial to Get the Highest Interest Rate?
Instead of offering a decent annual interest rate on savings accounts, some banks prefer to offer short-term bonus rates but only on new deposits. That’s led some customers to fight back and game the system. Are you one of them?
How Many Bank Accounts Can I Open at Tangerine? Why Would I Want Several Bank Accounts?
Can I get five free cheque books from Tangerine by opening 5 accounts? Can I have an unlimited number of Savings accounts?
How to Buy a Mutual Fund at Tangerine for your TFSA, RRSP or Savings
If you want to start index investing with a small amount of money you easily can using Tangerine mutual funds. Here’s how to enroll and buy some units of the Tangerine Balanced Portfolio fund. As I checked into this, I discovered whether I could invest only $1 and whether a teenager could invest their lemonade stand profits.
What Kinds of Business Bank Accounts Does Tangerine Offer?
The business account Tangerine offers is very simple but there was still one twist to application process that I didn’t expect. I was also curious whether you could deposit cheques for free into their business account because many business accounts charge a fee even for deposits. So I checked with Tangerine.
How to Connect a Tangerine Account to a Bank Account at Another Big Bank
You don’t have to mail in a cheque to connect your Tangerine savings account to another bank’s account. Also includes as a no-fee bonus: a sexist saying with which my Grade 8 teacher used to irritate us.
ING Direct is Now Tangerine.ca: a Thank You to a Reader and an Update on Tangerine
Why you might need to call your insurance agent and your municipality and what happened to Streetwise and THRiVE plus how to get a bonus or a few bucks in extra interest. And a big thank you!
Be Forewarned: Move Your RESP BEFORE You Want to Make a Withdrawal
I wasn’t expecting this rule when I skimmed a federal government document.
Retirement Planning: How Much Do We Really Spend Now and How Much Will We Spend Then?
In which I survive two near heart attacks while trying to figure out how much we spend a year.
Why It’s Worth Eating Out for Lunch and Why It’s Not
What things are worth more than their cost to you?
How to Make a Contribution to your RESP Account at BMO InvestorLine
You can easily make a lump sum contribution or set up a monthly deposit into your BMO InvestorLine RESP account if you have a BMO bank account. Here’s how.
Is It Worth Joining Swagbucks and How Do I Do That?
If you want to get a kickback of some of the money you spend online shopping at stores like Amazon, TigerDirect and Walmart, this is one option to check out.
Who Pays the Income Taxes on the Interest and How Can My Children Cash Their Canada Savings Bonds?
In which I reflect on income attribution rules, the benefits of bricks-and-mortar banks, and wonder just when *are* those retina scanners going to be ready?
How to Buy a GIC in a RBC Direct Investing Online Brokerage Account
As I test how to purchase a GIC at RBC Direct Investing, I discover a bug and compare the process to making the same purchase at BMO InvestorLine or CIBC Investor’s Edge. And do brokerages REALLY think that we will buy a lower-rate-paying GIC from their affiliated bank just because they list that product at the top of the offerings?
How to Buy Units in a High Interest Savings Account Fund at RBC Direct Investing
Is anyone else skittish about investing quickly into these high-priced stock markets? While I’m dithering, I tested parking some cash in a HISA fund at RBC Direct Investing. There were a few differences compared to doing the same at InvestorLine and Investor’s Edge that surprised me.
Should You Save For Your First Home in your TFSA or your RRSP?
Where you should save depends in part on where you have to live. Here’s some interesting math for those who need to live in ghost towns in northern Ontario.
Why an Ontario Pension Might be a Good Thing
I’d support an Ontario Pension scheme. Here’s why. (And if anyone can come up with a decent acronym for such a plan, PLEASE start using it now before we get stuck with something awful!)
How to Cancel a PC Financial Automatic Savings Transfer
If, like me, you’re no longer earning bonus high interest from PC Financial, it may be time to cancel an automated transfer of money into your account. Here’s how.
Back to School and Registered Education Savings Plans
As we get ready around here for back to school and we cheer on yet another niece beginning her first year of university I spent some time reading up on RESPs. Here are some of the better articles I found.
Five Things I Forgot This Summer While on Vacation that Cost Me Money
I fell for the “my money is in the car” gambit again this year. If only I would learn these 5 rules, I could save some money on my next vacation. Something tells me, though, that I may never learn…..
Free Education Money for Low Income Canadian Families’ Children: Apply Today
Families can have a low income for various reasons. All of them can benefit from this federal government program to provide free money towards their children’s future education costs.
How to Set Up Automatic Transfers to a PC Financial Account
Setting up automatic transfers to your savings account or to your chequing account to pay bills can simplify your monthly banking chores. Here’s how to create scheduled transfers for your PC Financial accounts.
How to Transfer Money into Your PC Financial No Fee Bank Account
If you can get PC Financial to hook up your no fee chequing account with your bank account at another institution then you can transfer money in and out. Here’s how.
Why Do We Think We Can Own More Stuff than Our Parents?
When I saw this $1499 loveseat I thought of sinking but it wasn’t into the fluffy cushions.
Investing in the AAT770 Daily High Interest Savings Account Fund, HISA, for BMO InvestorLine RRSP, TFSA and Other Accounts
BMO InvestorLine has made a significant improvement to its HISA option, changing it from the absurd to the reasonably useful. Please read on to learn about this new high interest savings account fund, the rate it pays and the required minimum investment.
How to Buy a GIC in a BMO InvestorLine Account
Lists which types of GICs are sold by BMO InvestorLine, what fees are payable, how to buy one, whether the GICs rollover at maturity, and when to expect interest and principal payments to land in your stash of Cash.
How to Order Cheques for a Tangerine (ING Direct THRIVE) Chequing Account
How to order cheques for your ING Direct, now Tangerine.ca, THRIVE account so you can pay for all of those Scholastic Book Club orders, field trips and pizza lunches. Oh, sorry, I suppose you may have a life beyond parenthood: these cheques are also good for paying regular bills for utilities, (sport and otherwise.)
How to Setup and Pay Bills Online from a Tangerine (ING Direct THRIVE) Chequing Account
How I managed to pay Bell online using my ING Direct, now Tangerine.ca, THRIVE account with only two phone calls and minimal cursing! Normal people (who do not constantly run into problems with Bell like I do) should find this a very fast, efficient, FREE way to pay bills.
How to Open an ING Direct THRIVE Chequing Account
If you are an existing ING Direct, now Tangerine.ca, customer opening a THRIVE chequing account just takes seconds and you score you 50 free cheques. For those of us endlessly writing cheques for pizza lunches, field trips and music books, every free cheque helps!
How Much Money Will I Get at Various Rates for GICs and Dividends
For those who were never fond of math, here’s how to calculate what you will get for your investments when you know the interest rate or yield. Also includes lookup tables for many common rates for those who find percentages perplexing.
How to Choose a Self-Directed TFSA Brokerage Account to Minimize Fees and Costs
Compare the fees, including transfer and closing fees, for self-directed TFSAs at brokerages to choose the best place to invest your money.
TFSAs or TFIAs or TFRAs by Any Name Should Smell Sweet
A selection of delectable TFSA articles to tempt your tastes.
How to Choose a Standard Bank Tax Free Savings Account, TFSA, with Minimal or No Fees
Compare the fees, including transfer and closing fees, for regular bank TFSAs to choose the best place to invest your money.
Maximize your TFSA First
With one exception I think most people should maximize their TFSA first, then their RRSP. Here’s why.
Why Charging for Mailing Paper Bank Statements May Cost the Banks the Big Bucks
Charging customers for mailing paper bank statements and trying to simultaneously reduce liability for transaction errors and fraud, especially for customers without computers or smart phones, is bound to backfire on the banks.
Can I Cash My Guaranteed Investment Certificate, GIC, Whenever I Want?
One bank will let you cash your GICs anytime and still pay you interest. Most won’t though although you may be able to re-sell your GIC. Read on for details.
How to Set Up Automatic Transfers to an ING Direct Account
Instructions for setting up regular daily, weekly or monthly contributions to an ING account or from an ING account to a RRSP or TFSA. It’s simple and easy. And free!
How to Buy a GIC in a CIBC Investor’s Edge Self-Directed Investing Account
Instructions for reviewing rates and buying GICs within a CIBC Investor’s Edge account to form part of your fixed income holdings.
How to Cancel a Tangerine (ING Direct) Automatic Savings Program (ASP)
Instructions for cancelling your monthly contributions from another bank to ING Direct using your ING online account.
ATL5000 High Interest Savings Account Fund at CIBC Investor’s Edge Online Discount Brokerage
Review of how ATL5000 can be used as a high interest savings account for cash in a CIBC Investor’s Edge online discount brokerage account and how it compares to BMO InvestorLine.
Can You Buy Additional Shares for No Fee Using a BMO InvestorLine DRIP?
What is regretful about BMO InvestorLines synthetic DRIP.
Why the Canada Savings Bonds Payroll Deduction Plan is a Good Choice: the Pros and Cons
The CSB payroll deduction plan helps almost a million people save. Here’s why it works, and how it could be improved.
The 5-year GIC Ladder Strategy: No Longer a Scheme to Maximize GIC Returns
What a 5-year GIC ladder is and when it’s not the best strategy.
Maximize GIC Returns by Carefully Considering the Annual Rates Before Locking In Long Term
With interest rates at record lows is it time to think twice before locking in long term?
Comparing GIC Rates for BMO InvestorLine, CIBC Investor’s Edge
Comparing GIC offerings from BMO InvestorLine and CIBC Investor’s Edge proves its worth shopping around for the best rate.
Comparing US Dollar Accounts from ING Direct, BMO, CIBC, Royal, ScotiaBank, and TD
A comparison of the fees, minimum balance requirements, interest paid and ability to deposit and write cheques for US dollar accounts from BMO, CIBC, ING Direct, Royal Bank, ScotiaBank, and TD.
Buy Your US Dollars at ING Direct (now Tangerine)
Why buy US dollars from ING Direct with examples of the rates and savings.