Established by Canadian Parliament in 1967, the Canada Deposit Insurance Corporation (CDIC) is a federal crown organization that offers deposit insurance for savings institutions and commercial banks across the country. CDIC aims to contribute and promote the stability of Canada’s financial system by offering deposit insurance when it comes...
Amazon.com / Amazon.ca Credit Card Review
Amazon is the largest internet-based retailer in the world, starting in 1994 as an online bookseller. Over the years, Amazon diversified to sell electronics, jewelry, toys, CDs, DVDs, and numerous other products. Now there’s hardly any product that can’t be ordered through their site. In 2015, Amazon surpassed Wal-mart...
Mogo Review
Mogo is a money management plan that encourages a sustainable lifestyle while helping the planet. Far too often, the work of budgeting and creating better financial health feels like an impossible chore. With Mogo, it no longer feels like another game you need to play. The goal is to...
Target REDCard Review
Target was founded in 1902 by George Dayton and in the decades since has grown to become the second-largest department store in the U.S. The first Target store bearing the current name opened in 1962 in Minnesota, and the retailer now operates over 1800 stores throughout the United States....
Wealthsimple Cash Review
Wealthsimple Cash is a program within the Wealthsimple system designed to provide simple choices for all Canadians who want to build wealth. Many Canadians do not have the time or knowledge to make the best-informed decisions about where to invest their money. This program will help them. What is...
What is an RESP?
A Registered Education Savings Plan (RESP) is a tax-sheltered investment account where parents can save money towards their child’s post secondary education. Much like the other accounts that fall under the “tax-shelter” umbrella, like Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP), a RESP savings account can...
