@Smacky, I’m going to go ahead with the PC Money Account (instead of Wealth Simple) - do you have a referral code for that? If Smacky doesn’t, does anyone else? Thanks.
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I don’t.
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Anybody else have one? I’d like to get someone a few bucks for opening this PC Money Acount account if that’s a possibility…
Sorry! Wish I could help. Maybe check Reddit or red flag deals, people post all the time their referral codes.
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I will need to go through my wallets and jewellery boxes and find those last few tokens
https://www.ttc.ca/riding-the-ttc/Updates/TTC-to-retire-tokens-tickets-and-day-passes
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With a ton of cash for the next few months I caved and signed up for the Simplii promo offer. No one else has 6% with no restrictions on how long the money has to stay in the account.
Signing up was super annoying. You fill out the form and they say you’re approved for an account, then nothing at all for about a week. Then an email, later a debit card in the mail. I still don’t know the rules and fees for different things because I don’t have access to that part of the site and the app doesn’t say. The account isn’t showing the promo rate, but it has no money in it so maybe it activates when I make a deposit?
I will report back but so far the user experience is confusing.
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49 years ago today, the wreck of the Edmund Fitzgerald
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Update on PC Money interest rate. I’ve opened an account but have yet to fund it and I just got his important message:
We’re reaching out to inform you that, effective November 21, 2024, the interest rate on your PC Money™ Account savings balance will be adjusted downwards by 0.25% and your new interest rate will be 4.00%*.
We’re proud to offer a competitive everyday interest rate that isn’t promotional.
This means you can continuously grow your savings without worrying about dramatic rate drops after just a couple of months. And unlike many banks, our rate is not subject to additional conditions. There are no monthly fees, no minimum balance, and no commitment required.
While our rate is not promotional, it is subject to change given broader market conditions.
As you may know, on October 23, 2024, the Bank of Canada announced a decrease in its benchmark interest rate by 0.50%. It plays a significant role in influencing interest rates across the financial industry. Like other banks, we also periodically review and adjust our own rates in response to these changes.
There’s no action required.
Your new rate will be automatically applied to your savings balance as of November 21, 2024.
We appreciate your continued trust in us and remain committed to providing you with a competitive return on your savings.
Sincerely,
The PC Financial® team
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PM me if you are interested and I can provide you with my codes. I do have healthy limits.
Please note it’s for in-store shopping only.
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Shop at Marks from Dec 5-11th and receive 40% off full priced items and 20% off sale and clearance items.
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Shop at Sport Chek/Atmosphere from Dec 2-19th and receive up to 70% off the ticket price (savings vary by item and some exclusions of course).
Rip Zone Woods, FWD will have the deepest discount of 70%.
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Hi, I found the Canada thread, hello fellow Canadians. For those of you who I have not virtually met, I’m in Toronto, with a teen and tween in public school, and a two income household. Our investments are all with the wealth management folks at Scotia, I don’t think that is our long term plan, but neither my spouse nor I have the time to manage our investments very closely. I will say I did couch potato with Tangerine for years and since moving our stuff over have not gotten any sort of better returns, so I do need to spend some time thinking about where we put our money. I do quite a bit of shopping around for insurance, mobile plans, etc., at least once a year, so I have a good sense of who the best providers are there; in terms of food, most of my bulk purchases come from Walmart and then I do fruit, bread, some meats, from our local fruit stand/bakery/butcher.
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I sold two rental houses this year and I’m looking at tax stuff. Because I’m launching into a huge renovation I want to keep my cash available. Is there anything I should be considering if I want to move money from my TFSA into my RRSP to reduce my taxable income?
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Make sure to fill it back up after Jan 1!
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The Canada Revenue Agency confirmed to Global News that the TFSA’s contribution limit will rise by $7,000 in 2025, matching the second largest-ever hike seen in 2024.
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So it’s $14k???
OK, it’s just the same as 2024. That makes sense.
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I wish it was $14K.
I got very excited for a moment, and then I did my research.
Not that $7k is something to complain about. The TFSA is an incredible tool.
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With this, my personal contribution room for my TFSA is going to be over 100K.
Not gonna lie, it’s starting to make me nervous 
In 2025 I will fund both my TFSA and I will open an FHSA and contributing to it. Slowly but surely I guess…
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Hi all. Canadian with a potential inheritance coming my way. Not much, but a few thousand. Hubby and I have oodles of room in our TFSAs, but are unsure if that’s the best place for it. We’re very conservative investors and the bank currently has us in market linked GICs inside our TFSAs. I’m not sure that’s the best use of our money.
Does anyone have any ideas for options, or been there done that experience?
Hubby gloomily suggested having the cheque cashed and hiding it all under the mattress!!! He’s joking, but that’s about how much we trust the banks right now.
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If you open the fhsa this year, even if you only put $5 in it, that creates investment space that carries forward. If some windfall comes your way the available investment space might be useful.
This is what I’ve told my 19 year old, so now he has a $5 fhsa.
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