Investing

Many Canadians who own a Tax-Free Savings Account (TFSA) are well-aware of the fact that the account shelters their savings from taxes, but many don’t recognize how many types of investments a TFSA can actually hold.

This Questrade review explores in greater detail why the online brokerage has earned the trust of Canadian investors, who use their platform to facilitate their saving and investing needs.

If you’re new to online investing, you have the option of doing it yourself by using one of the many robo-advisors or online brokerages in Canada. When you put your investments in a registered account—such as an RRSP or tax-free savings account (TFSA)—it’s less complicated because you won’t have to worry about calculating taxable income.

  Table of Contents What is an RRSP? How the RRSP deadline works How to choose an RRSP account How to beat the RRSP deadline What to do with your tax return   You still have … Read More

Whole life insurance and universal life insurance are two both types of permanent insurance – but which is best? Here’s everything you need to know.

Every Canadian should have a plan, regardless of how old they are. However, it’s necessary to approach the decision of whether you should start saving or investing your money carefully by evaluating your current financial situation first. 

What is the best thing to do with your spare cash, pay off debt or invest? The answer, as you might expect, is that it depends. There are definitely some general rules to follow, though, and … Read More

Your net worth is one of the most important numbers to track over time. It’s the difference between what you currently own and what you currently owe, giving you an overall look at your financial picture … Read More

The world has gone almost completely digital: We order our meals with a few clicks and they’re delivered right to our door, we communicate increasingly online, and banking can be done right from our phones. And … Read More

Tax-Free Savings Accounts (TFSAs) are catching on in Canada, with more than four in 10 Canadian households already contributing to one, according to the latest Census. Unfortunately, some investors are missing out on the full benefits … Read More