Category: Canadian Finance

The 411 on Emergency Funds

Why Every Canadian Needs One—Especially Right Now When it comes to personal finance, few things are more foundational than having a rock-solid emergency fund. And yet, in an era of rising interest rates, layoffs in key sectors, and grocery bills that seem to grow faster than your basil plant, far too many Canadians are still […]

The Case Against Stock Picking

The Case Against Stock Picking: Why Most Investors Are Better Off with Broad Market ETFs For many investors, the allure of stock picking is hard to resist. It’s exciting. It feels personal. You get to tell people you bought Tesla early or timed your Netflix sale perfectly. But here’s the reality: for the vast majority […]

Tax Filing in Canada

Filing in Canada: 10 Tips to Maximize Your Return and File with Ease Tax season can feel overwhelming, but with a little preparation, you can file efficiently while maximizing your return. Whether you’re a salaried employee with a T4 or a self-employed entrepreneur, taking advantage of available tax deductions and credits can help you keep […]

Is a Canada First Indexed Portfolio Realistic? Pros and Cons of a Nationalistic Portfolio

Investing with a focus on Canadian assets is a strategy some investors consider to leverage familiarity with domestic markets and potential tax advantages. This approach involves allocating a significant portion of one’s portfolio to Canadian equities, often through broad market Exchange-Traded Funds (ETFs). Reasons to Consider a Canada-Focused Portfolio Popular Canadian Broad Market ETFs For […]

What is a LIRA Account? And How Does it Work?

A Locked-In Retirement Account (LIRA) is a specialized Canadian investment account designed to hold pension funds transferred from a former employer’s pension plan, whether it’s a Defined Contribution or Defined Benefit plan. Unlike a Registered Retirement Savings Plan (RRSP), where contributions can be made at any time and funds can be withdrawn (subject to taxes), […]