Understand how best to manage your money and grow it through savings
This section explains what you need to know when considering what to do with your money.
There are different types of chequing accounts and we have guides to help you decide which is best for you.
If you have money to save and want the best home for your cash, we explain how savings accounts or TFSAs can help. Additionally we explain options for saving for retirement.
Banking & Saving guides
Are you saving for retirement?
An RRSP is a retirement savings plan that Canadians can use and contribute to up to the age of 71. Any income you earn on your savings or investments are exempt from tax until you make a withdrawal.
Contributions to a RRSP can also be deducted from your annual income to reduce your taxable income.
More banking & savings information
- Invest in a TFSA or RRSP?
A common question every year is whether to invest in a Tax Free Savings Account (TFSA) or a Registered Retirement … - What is a GIC?
A GIC or Guaranteed Investment Certificate is an investment that works like a deposit. You deposit money for a fixed … - What is a NSF?
A non-sufficient funds fee or NSF is a fee charged by your bank when attempting to spend more money than … - Problems to avoid with your TFSA
A Tax-Free Savings Account (TFSA) is a great way to build wealth whilst reducing the amount of tax you might …
Essential information
It’s important you understand how cents+change works and the constraints of this site. This is a journalistic website that aims to provide a guide on different aspects of finances. We can’t promise to be 100% accurate, so note that you use the information on this site at your risk. We can’t accept liability if things go wrong.
Information found on this site does not constitute financial advice. You must do your own research to determine if it’s right for your specific circumstances.
We do not and cannot recommend specific financial products. We may provide examples of products or companies, but always do your own research. Speak with a financial advisor to understand whether a product is right for you.
Note that providers often change the price and terms related to their products. So whilst we aim to provide accurate information, check or speak with a provider to get the latest deals.
We provide links to other websites, but we cannot be responsible for their content.