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.
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.
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.
Most Canadians who own a Tax-Free Savings Account (TFSA) are well-aware that the account shelters their investments from taxes. Nevertheless, a majority of people who own a TFSA aren’t entirely familiar with the versatility of this … Read More
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
We’ve all heard stories of people who, with some combination of skill and luck, hit it big on real estate or cryptocurrency or pot stocks. Depending on your tolerance for risk, you can give those things … Read More
Building a GIC Ladder is a great way to diversify your GIC investments.