Tagged Questions
4
votes
1answer
148 views
Where to invest proceeds from home sale to be used to buy new house within five years?
My wife and I have just sold our house (mortgage was paid off) in the city we lived previously. We're currently renting because we're not sure if we're going to remain in our new city. At some ...
8
votes
3answers
1k views
First time home hunters. Pay debt or save for down payment
tl;dr
We want to buy a house.
We've done all the pro's and con's of home ownership.
We have 1/2 a down payment and some highish loan payments
Would it be wiser to pay down the loans and go ...
3
votes
1answer
492 views
Can one designate a beneficiary for a savings account in Canada?
For most registered accounts, you can designate a beneficiary in the event of your demise. Is it possible to do the same for a regular bank or high-interest savings account without creating a will? An ...
5
votes
2answers
321 views
Should my husband & I be saving money?
My husband and I are looking to buy a new house with a mortgage of about 400K-500K and a downpayment of 200K-300K (max value of home:700k). (We currently own a home that we purchased for 300K, and ...
3
votes
2answers
201 views
How can I determine which is right for me, RRSP or TFSA, if any at all?
I'm 22 years old, and currently dumping all my money into my general savings account. I'd like to take this further but I'm not sure where to go with this. What type of savings account should I get ...
6
votes
4answers
2k views
Comparison between US and Canada's taxes and possibility of savings?
Given two jobs earning equivalent amounts where one is in the US and another in Canada, where would I take home more money after taxes?
3
votes
1answer
2k views
I have not yet invested into a TFSA - how much can I invest in 2011?
I have not yet created a TFSA, nor invested anything in it. I am looking to put some money in in 2011, what will my cap be?
11
votes
3answers
202 views
What does quantitative easing 2 mean for my bank account?
My wife and I have been saving aggressively for the last year now and all of our savings are in the form of cash in the bank. About half of the money is in US dollars and half is in Canadian dollars. ...
9
votes
4answers
361 views
What's the general principle behind choosing saving vs. paying off debt?
In "general" is it better to pay off one's debt (line of credit, etc.) or is it better to invest (retirement account / RRSP or the like)? I understand that the answer will depend on terms of debt and ...
39
votes
8answers
2k views
Where can I park my rainy-day / emergency fund? Savings accounts don't generate much interest
Savings accounts don't seem to generate much interest. What other options do I have for my emergency fund?
