Savings

The last year has tested Canadian real estate investors with high-interest rates and inventory issues. To give you some insight into the markets—Canada-wide!—MoneySense teamed up with Zoocasa. They analyzed real estate data to…

This latest game changer is just that: the latest. It is an important reminder that humans are built for change. We do what we’ve always done when new opportunities and challenges emerge: we adapt. Why am I writing about this?…

But when it comes to our finances, women appear to be less in control. A 2021 survey of high-net-worth individuals by UBS Group, a financial services firm, found that just one in five couples make financial decisions together. In…

Canadian pipeline profits continue to flow  Enbridge, TC Energy and Keyera also reported earnings this week, and they were largely in line with what analysts had predicted; as a result, all three pipeline shares were up between 1%…

As the cost of living soars across the UK and the wider world, it’s never been more important to stretch your money as far as possible, and the best way to do that is to focus on frugal living. A practice often incorrectly paired…

Which is your dominant money script? Here are the four main money scripts: 1. Money avoidance Money avoiders tend to believe that “money is the root of all evil.” They often associate wealth with corruption and greed, and they may…

Changes are coming to RDSPs, too Registered disability savings plans (RDSPs) are tax-deferred accounts available to taxpayers who qualify for the disability tax credit. The government matches RDSP contributions with grants and…

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors. Freeland fires again at Canadian Banks There are several big-picture…

In all provinces except Quebec, you can name your beneficiary directly within a registered account. In Quebec, the beneficiary can only be named in a will. Let’s review who can be a beneficiary of your RRIF account and the tax…

FHSA rules  To open an FHSA, you must be a Canadian resident aged 18 or older. The FHSA can remain open for 15 years, or until the end of the year you turn 71, or until the end of the year following the year in which you make a…