Concentra Trust

Dec 9, 2024 | moneysense.ca | Concentra Trust |John Loeppky

“We as a family had quite often received information about RDSPs from different organizations, but we always put it on the back burner,” says Gusikoski. “It was like, ‘Yeah, we’ll get to that.’”Her family isn’t alone. More than 1.45 million Canadians are eligible to open an RDSP, but only about 36% of them had one as of the end of 2022, according to the most recent data from Statistics Canada.

Dec 6, 2024 | moneysense.ca | Concentra Trust |Moi Rewards |Keph Senett

Banking Many Canadians use a regular savings account to put money toward financial goals. But there’s a better way that pays more interest and charges no fees. You work hard, follow a budget and put away some money, but now what do you do with it? Most savings tools available to Canadians are underwhelming, either returning low interest, locking in funds for long periods or charging onerous fees—or some combination of the these.

Dec 6, 2024 | moneysense.ca | Concentra Trust |Moi Rewards |Kyle Prevost

Investing Canada bank earnings remain on target, Dollarama’s expectations catch up to it, “insider selling” sets a new record and the Canadian dollar is losing the battle compared to the U.S. dollar. Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Conventional wisdom is that falling interest rates are good for bank earnings.

Dec 5, 2024 | moneysense.ca | Concentra Trust |MCAN Wealth

Crypto Bitcoin has soared into six figures as the post-election rally continues. What’s next for the digital currency? Bitcoin topped $100,000 for the first time this week as a massive rally in the world’s most popular cryptocurrency, largely accelerated by the election of Donald Trump, rolls on.

Dec 4, 2024 | moneysense.ca | Concentra Trust |Moi Rewards |MCAN Wealth

Banking Chequing account fees can go unnoticed and add up over time. Follow these tips to avoid them and find the best deal out there. You probably know when your paycheque gets deposited and roughly how much your monthly cellphone bill costs, but it might be harder to answer a fundamental question about your bank account: how much are you paying in fees?