7 Accounts you must have in Canada
7 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 7 accounts? It's not only because you can earn extra money but also because you should have different accounts for different goals. These 7 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 My personal Chequing Account: CIBC. 1. Chequing Account I use a CIBC Chequing account. Chequing account only for day-to-day expenses. Do NOT save money in this account with 0% interest rate. Also, not recommended to save money in a reg