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Personal Finance
GETTING STARTED
Students seduced by "easy" monthly payments
Debt-busting tips for the campus crowd
FUTURE PLANNING
How much house can you afford?
If you're thinking about buying a home, there are more costs to consider than just the list price.
FUTURE PLANNING
When once is not enough
If you're ordered to pay tax instalments, here's what to do.
FUTURE PLANNING
Reverse mortgages: Rising debt takes its toll
Line of credit is a cheaper alternative for house-rich, cash-poor seniors.
Getting Started
New investors: mistakes to avoid
New graduates: Five steps to start your financial life right
Your first brokerage account
Buyers beware the Home Buyers' Plan
More…
Family Finance
What if your spouse has bad credit?
Just married? Make a plan for money matters
Budget for a life together
You merged your lives--Should you merge your finances?
Improving your finances
Extended product warranties: Worth the cost?
Not just for leaky roofs
How to get more mileage out of travel rewards
You snooze, you don't lose
Future Planning
The cottage conundrum
The old-age dilemma
When the tax man comes knocking
More…
Video Report
New investors: mistakes to avoid
New grads: starting your financial life right
Your first brokerage account
The great debate: ETFs vs. mutual funds
Morningstar Investment Conference June 2010
Buyers beware the Home Buyers' Plan
Calculators
RRSP Contributions Calculator
Marginal Tax Rate Calculator
Curriculum
Portfolio 100
Portfolio 200
Portfolio 300
Mutual Funds 100
Mutual Funds 200
Savings & GIC Rate Tool
Rates
Projected Earnings
Inital Deposit
3-month GIC
6-month GIC
9-month GIC
12-month GIC
2-year GIC
3-year GIC
5-year GIC
HISA (High Interest Savings Account)
TFSA (Tax Free Savings Account)
3-month GIC
6-month GIC
9-month GIC
12-month GIC
2-year GIC
3-year GIC
5-year GIC
5,000
10,000
25,000
50,000
Financial Institution
Int.Rate
Min. Deposit
& Features
(%)
($)
Equitable Trust
1.10
5,000
Home Trust Company
1.10
5,000
Ally
1.00
1
ING Direct
1.00
1
ResMor Trust
0.95
25,000
Financial Institution
Int.Rate
Min. Deposit
& Features
(%)
($)
Ally
1.50
1
Home Trust Company
1.30
5,000
Equitable Trust
1.15
5,000
ResMor Trust
1.15
25,000
ING Direct
1.00
1
Financial Institution
Int.Rate
Min. Deposit
& Features
(%)
($)
Ally
1.65
1
Home Trust Company
1.30
5,000
ING Direct
1.25
1
Equitable Trust
1.25
5,000
Manulife Bank
1.25
25,000
Financial Institution
Int.Rate
Min. Deposit
& Features
(%)
($)
Ally
2.00
1
Korea Exchange Bank
1.60
3,500
Home Trust Company
1.60
5,000
AGF Trust
1.56
5,000
Manulife Bank
1.55
2,500
Financial Institution
Int.Rate
Min. Deposit
& Features
(%)
($)
Ally
2.40
1
ING Direct
2.00
1
Manulife Bank
2.00
2,500
General Bank of Canada
2.00
5,000
AGF Trust
1.96
5,000
Financial Institution
Int.Rate
Min. Deposit
& Features
(%)
($)
Ally
2.60
1
Manulife Bank
2.40
2,500
HomEquity Bank
2.40
5,000
Effort Trust
2.35
5,000
M.R.S. Trust
2.30
2,500
Financial Institution
Int.Rate
Min. Deposit
& Features
(%)
($)
Ally
3.30
1
Manulife Bank
3.05
2,500
ING Direct
3.00
1
Korea Exchange Bank
3.00
3,500
Home Trust Company
3.00
5,000
Financial Institution
Int.Rate
Min. Deposit
& Features
(%)
($)
Peoples Trust
2.10
0
Ally
2.00
0
ICICI Bank Canada
1.60
0
Canadian Tire Bank
1.50
0
ING Direct
1.50
0
Financial Institution
Int.Rate
Min. Deposit
& Features
(%)
($)
Canadian Tire Bank
2.50
0
Ally
2.00
0
ICICI Bank Canada
2.00
0
ING Direct
2.00
0
Bank of Nova Scotia
1.50
0
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Equitable Trust
1.10
5,000
14
Home Trust Company
1.10
5,000
14
Ally
1.00
1
12
ING Direct
1.00
1
12
Peoples Trust
0.85
5,000
10
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Equitable Trust
1.10
5,000
27
Home Trust Company
1.10
5,000
27
Ally
1.00
1
25
ING Direct
1.00
1
25
Peoples Trust
0.85
5,000
21
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Equitable Trust
1.10
5,000
68
Home Trust Company
1.10
5,000
68
Ally
1.00
1
62
ING Direct
1.00
1
62
Peoples Trust
0.95
25,000
59
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Equitable Trust
1.10
5,000
136
Home Trust Company
1.10
5,000
136
Ally
1.00
1
123
ING Direct
1.00
1
123
Peoples Trust
0.95
25,000
117
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
1.50
1
37
Home Trust Company
1.30
5,000
32
Equitable Trust
1.15
5,000
28
ING Direct
1.00
1
25
Bank Montreal Mtg. Corp.
1.00
5,000
25
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
1.50
1
74
Home Trust Company
1.30
5,000
64
Equitable Trust
1.15
5,000
57
ING Direct
1.00
1
49
Bank Montreal Mtg. Corp.
1.00
5,000
49
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
1.50
1
186
Home Trust Company
1.30
5,000
160
Equitable Trust
1.15
5,000
142
ResMor Trust
1.15
25,000
142
ING Direct
1.00
1
123
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
1.50
1
371
Home Trust Company
1.30
5,000
321
Equitable Trust
1.15
5,000
284
ResMor Trust
1.15
25,000
284
ING Direct
1.00
1
247
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
1.65
1
61
Home Trust Company
1.30
5,000
48
ING Direct
1.25
1
46
Equitable Trust
1.25
5,000
46
Bank Montreal Mtg. Corp.
1.00
5,000
37
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
1.65
1
122
Home Trust Company
1.30
5,000
96
ING Direct
1.25
1
92
Equitable Trust
1.25
5,000
92
Bank Montreal Mtg. Corp.
1.00
5,000
74
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
1.65
1
305
Home Trust Company
1.30
5,000
240
ING Direct
1.25
1
231
Equitable Trust
1.25
5,000
231
Manulife Bank
1.25
25,000
231
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
1.65
1
610
Home Trust Company
1.30
5,000
481
ING Direct
1.25
1
462
Equitable Trust
1.25
5,000
462
Manulife Bank
1.25
25,000
462
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
2.00
1
101
ICICI Bank Canada
1.80
1,000
90
Korea Exchange Bank
1.60
3,500
80
Home Trust Company
1.60
5,000
80
AGF Trust
1.56
5,000
78
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
2.00
1
202
ICICI Bank Canada
1.80
1,000
180
Korea Exchange Bank
1.60
3,500
160
Home Trust Company
1.60
5,000
160
AGF Trust
1.56
5,000
156
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
2.00
1
505
ICICI Bank Canada
1.80
1,000
450
Korea Exchange Bank
1.60
3,500
400
Home Trust Company
1.60
5,000
400
AGF Trust
1.56
5,000
390
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
2.00
1
1,010
ICICI Bank Canada
1.80
1,000
900
Korea Exchange Bank
1.60
3,500
800
Home Trust Company
1.60
5,000
800
AGF Trust
1.56
5,000
780
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
2.40
1
240
ING Direct
2.00
1
200
Manulife Bank
2.00
2,500
200
General Bank of Canada
2.00
5,000
200
AGF Trust
1.96
5,000
196
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
2.40
1
480
ING Direct
2.00
1
400
Manulife Bank
2.00
2,500
400
General Bank of Canada
2.00
5,000
400
AGF Trust
1.96
5,000
392
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
2.40
1
1,200
ING Direct
2.00
1
1,000
Manulife Bank
2.00
2,500
1,000
General Bank of Canada
2.00
5,000
1,000
AGF Trust
1.96
5,000
980
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
2.40
1
2,400
ING Direct
2.00
1
2,000
Manulife Bank
2.00
2,500
2,000
General Bank of Canada
2.00
5,000
2,000
AGF Trust
1.96
5,000
1,960
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
2.60
1
390
ICICI Bank Canada
2.55
1,000
383
State Bank of India (C)
2.50
2,000
375
Manulife Bank
2.40
2,500
360
HomEquity Bank
2.40
5,000
360
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
2.60
1
780
ICICI Bank Canada
2.55
1,000
765
State Bank of India (C)
2.50
2,000
750
Manulife Bank
2.40
2,500
720
HomEquity Bank
2.40
5,000
720
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
2.60
1
1,950
ICICI Bank Canada
2.55
1,000
1,913
State Bank of India (C)
2.50
2,000
1,875
Manulife Bank
2.40
2,500
1,800
HomEquity Bank
2.40
5,000
1,800
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
2.60
1
3,900
ICICI Bank Canada
2.55
1,000
3,825
State Bank of India (C)
2.50
2,000
3,750
Manulife Bank
2.40
2,500
3,600
HomEquity Bank
2.40
5,000
3,600
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
3.30
1
897
Manulife Bank
3.05
2,500
763
ING Direct
3.00
1
750
Korea Exchange Bank
3.00
3,500
750
Bank West
3.00
5,000
750
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
3.30
1
1,794
Manulife Bank
3.05
2,500
1,525
ING Direct
3.00
1
1,500
Korea Exchange Bank
3.00
3,500
1,500
Bank West
3.00
5,000
1,500
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
3.30
1
4,485
Manulife Bank
3.05
2,500
3,813
ING Direct
3.00
1
3,750
Korea Exchange Bank
3.00
3,500
3,750
Bank West
3.00
5,000
3,750
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Ally
3.30
1
8,969
Manulife Bank
3.05
2,500
7,625
ING Direct
3.00
1
7,500
Korea Exchange Bank
3.00
3,500
7,500
Bank West
3.00
5,000
7,500
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)
Financial Institution
Int.Rate
Min.Deposit
Projected
& Features
(%)
($)
Int. ($)