A Beginner's Guide to Investing
The Beginner's Guide to Investing is a series of simple, practical articles designed to help new investors understand the fundamentals of investing. Start with the first article and work your way th...
A Beginner’s Guide to Investing (Part 3): Understanding Different Types of Investments
A plain-English breakdown of GICs, bonds, stocks, and funds In Part 2, we looked at three things a beginner should consider before jumping in to buy an investment. Once you decide to invest,...
A Beginner’s Guide to Investing (Part 2): Three Things to Do Before You Buy Your First Investment
Why a strong financial foundation is your best protection against costly mistakes. In Part 1, we looked at what investing is and why it matters. Many beginners ask, “What should I i...
A Beginner’s Guide to Investing (Part 1): What Is Investing and Why Does It Matter?
Why saving alone isn’t enough to reach your financial goals. You are a young person in your twenties or early thirties. You have finished your education, started your career, and are fina...
How Financially Literate Are Canadians?
What three simple questions reveal about financial understanding in Canada Press enter or click to view image in full size Financial literacy means different things to different people. ...
How Canadian Couples Can Legally Split Income and Reduce Taxes
Practical tax strategies Canadian couples can use to balance income and reduce taxes in retirement Many Canadian couples don’t make the same amount of money. Often, one person brings in 6...
Why is Service Canada so slow?
My seven-month journey to stop OAS payments—and what every future OAS recipient should know. I had read several stories about how slow and complicated the OAS (Old Age Security) process can be....
Never Leave RRSP Matching Money Behind
Press enter or click to view image in full size Last week, I met John at a party. We were having a casual conversation when he mentioned something interesting. His company offers a 5% ...
Understanding Emergency Funds
How much you need, where to keep it, and how to avoid common mistakes Press enter or click to view image in full size What is an Emergency Fund? An emergency fund is money y...
Saving: The First Step Toward Financial Security
Simple Habits That Can Help You Build Financial Security Press enter or click to view image in full size You’ve likely heard the advice befo...
TFSA Overcontributions Rules
A Small Mistake That Can Become Expensive Press enter or click to view image in full size The Tax-Free Savings Account (TFSA) is one of Canada’s most popular investment accounts, b...