In the world of performance returns what you don't know can hurt you. Most high-net-worth (HNW) investors assume that the published returns on their quarterly statements are accurate. After all, who knows better about their performance than their investment managers who present it to them?
You can now open savings and chequing accounts, manage your retirement and investment accounts and get loans online, never mind being able to leave your wallet at home and use your phone to buy everything. Here are the top companies that can take you from money 2D banking to 3D.
When a refund is granted, keep in mind that this money was yours to begin with, not a gift from the government. Nonetheless, it's still great to receive those additional funds. Now that you have that extra cash on hand, let's look at ways to maximize your tax refund and get it working for you.
Renting or buying? The bottom line is that everyone needs a place to live. We've all heard the endless debates of which option is best. The short answer to this topic is quite simple -- it all depends on preference.
As rent prices continue to soar across Canada, here are a few ways you can take matters into your own hands and minimize your rent in the city -- legally.
he Myers-Briggs Type Indicator (MBTI) groups people into one of 16 personality profiles, which can be further grouped into four Keirsey Temperaments. It pinpoints the way you process information, and in turn, we can derive your approach to relationships, parenting, work and money -- and yes, even investments.
Make sure you have an up-to-date will in a place where your executor, spouse or kids can find it. If you die without a will you do not have a say in who your beneficiaries are or who administers your estate.
The Office of the Superintendent of Bankruptcy just released their 2015 Annual Report of bankruptcies and consumer proposals in Canada and from these numbers we can see the impact shifts in the Canadian economy have on indebted Canadians. In 2015, 121,609 Canadians filed for insolvency, an increase of three per cent over the prior year.
Studies have shown that familiar investments underperform and most amateur investors would be better off buying index funds. An advisor will have more knowledge about which companies in a diversity of industries are right for you -- plus they will have done more research than what is available at the mall.
When you make a will, you decide who is going to get your money in the event of your death. The hope is that you not only set up the next generation for financial success, but you also pass along positive financial values they can carry throughout their lifetime.
Cleaning out the cupboards, taking stock of items that need to be retired or repaired, and outright purging in some cases, is often what is done as the weather changes. And while it's common to want to get your house in order, it's not so common to do the same with your finances.
The tax deadline falls on May 2 this year, which means Canadians have an extra weekend to file their taxes. The CRA will soon be hit by a wave of last-minute tax returns, as countless Canadians wait until the last minute.
Currently job losses have been concentrated in the energy sector, but more job losses are expected across industries that depend on investment and activities in the energy sector. This rising unemployment coupled with a correction in the housing market is putting a further strain on indebted households.
Electronic money, or e-money, has arrived. It can be transferred through smart phone, tablet, computer, or other ways. This way, people can make quick payments with their phones -- even in physical settings like the grocery store. Will cards be replaced by e-money, the way cash has been mostly replaced by cash?
Thirty-six is the new 30 for first-time home buyers in Canada -- meaning that the average age of current home buyers is 36, while the majority of current home owners bought their place before they were 30. Considering that millennials are typically 25 to 34 years old, many are left asking the question: are millennials buying homes?
Although many young people are great savers -- they aggressively pay off their debts and try hard to contribute to their savings -- they are underinvesting, which if not resolved will leave many unprepared for eventual retirement.