News Releases

You don't have to buy a new pair of shoes to balance the family budget

- BMO counted more than 30 million pennies for Canadians last year

- BMO recommends Canadians take advantage of BMO's free coin counters to make their pennies count

- More than three-quarters of Canadians don't take tax implications into consideration with every investment decision

- Strategies to reduce capital gains taxes include: catching up on unused RRSP room; deferring the gains to next year; using capital losses to offset gains; and donating appreciated securities to a charity

- While history has favoured variable, current conditions have heavily tilted the scales in favour of fixed rates

- Locking-in-combined with a shorter, 25-year amortization period-significantly strengthens household financial stability

- BMO recommends Canadian homebuyers choose a shorter amortization to begin building equity in their home faster