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 […]
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 […]
Cutting Investment Fees (And Not Performance!) The Case for Passive Index Investing Investing is one of the most powerful ways to grow wealth, but many investors don’t realize how much high fees can eat into their returns over time. The good news? You don’t need to pay high management fees to achieve great investment performance. […]
Initiating conversations about money with your children can be daunting, but it’s a crucial step in equipping them with the financial skills they’ll need throughout life. Beth Kobliner’s book, Make Your Kid a Money Genius (Even If You’re Not), offers practical strategies to guide parents in teaching their kids about spending, saving, and investing. Complementing […]
Saving for your child’s post-secondary education is a significant financial goal for many Canadian families. A Registered Education Savings Plan (RESP) is a powerful tool designed to help you achieve this objective. In this article, we’ll explore what an RESP is, how it functions, tax-efficient investment strategies within the account, and the rules for withdrawing […]
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 Unlike a Registered Retirement Savings Plan (RRSP), where contributions can be made at any time and funds can be withdrawn (subject to taxes), […]
Investing can often seem daunting, especially with the myriad of options available. However, one strategy has consistently proven effective for both novice and seasoned investors: index investing. By purchasing total market ETFs and one-fund solutions, you can gain exposure to a broad spectrum of global stocks, thereby minimizing risk and diversifying your portfolio. The Power […]
Gold has been a reliable store of value for centuries, making it a smart addition to any well-diversified portfolio. Unlike stocks and bonds, gold is a tangible asset that provides stability and security, especially in times of economic uncertainty. Here’s why you should consider allocating a portion of your investments to gold. 1. A Hedge Against Inflation Inflation […]
Tips for Rebalancing Your Portfolio A well-structured investment portfolio is like a finely tuned engine—it requires regular maintenance to perform optimally. Rebalancing is the process of adjusting your asset allocation back to its original target, ensuring your investments remain aligned with your financial goals. Here’s what you need to know about when and how to rebalance, and […]
It Pays to Ignore Market Downturns Market downturns can be unsettling, but history has shown that they are not a reason to panic. In fact, for long-term investors, downturns can present valuable opportunities to strengthen a portfolio and maximize returns. Here’s why staying the course during market slumps can actually be good for your financial future. 1. Downturns Are […]
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