7 Savings Accounts you must have in Canada
7 Savings Accounts You Must Have in Canada Do you know that 45% of Americans and Canadians live paycheck to paycheck and have less than $1,000 saved in the bank? Also, one in a third of Canadians have no retirement savings before the age of 35. Why do you need these 7 savings accounts? It's not only because you can earn extra money but also because you should have different accounts for different goals. These 7 savings accounts, it's a wise way to manage money toward your brilliant future. 7 accounts: Chequing Account HISA - High-Interest Savings Account GRRSP - Group Registered Retirement Savings Plan RESP - Registered Education Savings Plan TFSA - Tax-Free Savings Account FHSA - First Home Saving Account RRSP - Registered Retirement Savings Plan Which top 5 bank accounts are you using now? My personal Chequing Account: is CIBC. 1. Chequing Account I use a CIBC Chequing account. Chequing account only for day-to-day expenses. Do NOT save money in thi