• TFSA Contribution Limit for the 2020 Tax Year

    The annual Tax-Free Savings Account also known as TFSA gets indexed to inflation each year. Then the government rounds that amount to the nearest $500. Although the reported indexation increases for 2020 is 1.9%, the new contribution limit amount for the year is still $6,000. The total contribution room...

  • RRSP Contribution Limits for the 2020 Tax Year

    The right to make Registered Retirement Savings Plan (RRSP) contributions in 2020 will depend on your earned income from 2019. That means you can contribute $27,230 and any carry-forward contribution room that you have in 2020, but to do so, you must have at least $151,000 of earned income...

  • Scotia Momentum® No-Fee VISA Credit Card Review

    The Scotia Momentum card provides a convenient way to pay down your day to day living expenses quickly, yet furthermore providing the possibility to earn large rewards while doing so. This is perhaps the best borrowing card on the market to rendezvous and meet your needs of convenient spending...

  • Prepaid Debit Cards: Typical Costs and Fees

    Prepaid debit cards can be very useful. They’re great for people who can’t get an account with a standard bank or credit union. They work well for direct deposit paychecks, and they’re often used for things like tax refunds. Some consumers have even learned that prepaid debit cards can...

  • How to Activate an HSBC Card Online

    There are many different kinds of HSBC credit cards to choose from that can offer various benefits. For instance, you can apply for the HSBC Premier World MasterCard, which offers points for every dollar that you spend and comes with plenty of rewards that you can choose from, especially...