Saving and Borrowing

Each page here takes one number and shows what sits behind it: what an advertised savings rate pays over a year, what a renewal does to a mortgage payment, and how the TFSA, RRSP and FHSA each save tax. The pages are not a sequence, so start with the question you have.

• Saving and Borrowing

  The big rate is often several rates added together. What is left when they end is your rate.

  What a savings rate pays.

  Video · 7:59

• Saving and Borrowing

  At renewal the payment rises by less than the rate, but more of it goes to interest.

  What renewal does to a payment.

  Video · 9:50

• Saving and Borrowing

  The FHSA is the only one with a tax break going in and coming out.

  What each account gives.

  Video · 12:53