Sow Good Seeds

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 three Canadians has 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  Most Canadians have no idea which account to use.  They may open a TFSA account, but only transfer cash into the account, ...

Largest online stock exchange in Canada Questrade Questrade is a self-directed trading platform that lets you create your own portfolio at a lower cost than traditional financial institutions. It is currently the largest online stock exchange in Canada. Questrade was established in 1999 and is headquartered in Toronto.  Is Questrade safe? Questrade is a registered broker of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).  Your account with Questrade is protected indeed, which means your account is protected with $10 million in insurance if this company goes bankrupt. The Questrade account opening process is simple, which is very suitable for investors who live in Canada or study abroad to open an account to invest in a variety of investment products including Canadian and U.S. stocks,  ETFs, GICs, IPOs, bonds, golds, etc.  Got 4.40% rates in a 1-year GIC in EQ bank. Learn more» Why you shouldn't put...

  The Power of TFSA What is TFSA? The full name of TFSA is Tax-Free Savings Account. TFSA is a tax-preferential account set up by the Canadian government for every eligible person. Your TFSA savings can be withdrawn from your account at any time, for any reason, and all withdrawals are tax-free. And if you want, you can put back the amount you withdraw into your TFSA. However, you have to do it the following year so it will not impact your contribution room. You can put various products in the account, such as: Cash Guaranteed Investment Certificates (GICs) Mutual Fund Exchange-traded funds (ETFs) Stocks(U.S and Canadian and International) Real Estate Investment Trusts (REITs) Bonds Options Gold and silver If you are still using a TFSA account as a “savings account” PLEASE DO NOT. Why do I say that I need to manage my account properly? Because most people think that TFSA is just a regular savings account, deposit cash or only deposit products with low-interest rates. If you use TF...

  HOW MUCH MONEY DO I HAVE TO SAVE TO RETIRE EARLY? Get smarter with your money.