Canada Finance

Start Questioning Everything About How And Why You Bank

Emily Cornelius | Posted 03.18.2017 | Canada Business
Emily Cornelius

Why is it that very few of us actually take the time to sit down and actually assess our savings, spending and banking options until we want to buy a home or we begin to think about our retirement savings? Are companies profiting from our ignorance? Are they "banking" on it?

Ask The Finance Minister Your Questions

The Huffington Post Canada | Posted 03.24.2017 | Canada Business

Join us for a live Q&A.

Everything You Need To Know About Succession Plans

Posted 03.14.2017 | Canada Business

Everything you need to know about succession plans. From the AOL Partner Studio

Get In Control Of Your Finances With These 5 Tips

Posted 03.14.2017 | Canada Living

Get in control of your finances with these 5 tips. From the AOL Partner Studio

How To Financially Prepare For Unexpected Health Challenges

Posted 03.14.2017 | Canada Living

No matter how well we take care of ourselves, there may come a time when we experience a health scare. And while Canada's universal health care system definitely helps us in many ways, not every cost incurred by an illness or injury can be covered.

Botched Implementation Of CRM2 Adds To Investor Confusion

Tim Paziuk | Posted 02.15.2017 | Canada
Tim Paziuk

After 37 years in the financial services industry I realize I shouldn't be surprised, and I'm not. I'm shocked. Shocked by the confusion created by th...

Things To Do Before Meeting With A Financial Advisor

Posted 03.14.2017 | Canada Living

Four things you should keep in mind before meeting a financial advisor. From the AOL Partner Studio

To Raise Equity Or Not To Raise Equity, That Is The Question

David Gens | Posted 01.11.2017 | Canada Business
David Gens

Many in venture capital preach the gospel of raising equity, saying that a small piece of a large pie is better than a large piece of a small pie. This is often self-serving. Although sometimes raising equity makes sense, entrepreneurs are too often on the side of parting ways with equity too easily, so that isn't the best advice.

The Snowball Method Can Help You Put Your Debt On Ice

Avraham Byers | Posted 01.11.2017 | Canada Business
Avraham Byers

If I gave you $500 a month to put towards your debt, what's the best way to use it? Should you chisel away at the debts with highest interest rate? Or knock off the smaller ones first? The answer might surprise you.

5 Ways A Financial Advisor Can Help You

Posted 03.14.2017 | Canada Living

What does a financial adviser do anyway? The answer may surprise you. From the AOL Partner Studio

Why Now May Be The Best Time To Lock-In Your Mortgage

Tim Paziuk | Posted 10.19.2016 | Canada Business
Tim Paziuk

While the federal government is trying to rein in some of the borrowing that's taking place by making it more difficult to borrow, every one of us should take heed -- interest rates will rise. I believe the most important thing individuals should be doing is locking in their mortgages (ideally for five years).

The Key Ingredients For An Effective Development Finance Institution

Per Unheim | Posted 10.11.2016 | Canada Politics
Per Unheim

We believe that there are three main areas that Canada's DFI -- planned to be based out of Export Development Canada -- needs to "get right" in order to succeed: governance and autonomy, development impact, and mechanisms for integrating specialized developmental expertise into its investments.

CRM2: When Disclosure Fails To Disclose

Tim Paziuk | Posted 09.07.2016 | Canada Business
Tim Paziuk

The Client Relationship Model - Phase 2 (CRM2) is a new set of industry regulations meant to provide Canadian investors with more details on their investment costs and performance. It was developed by the Canadian Securities Administrators, an organization representing Canada's investment industry regulators.

Millennials, Don't Be Duped Into Thinking Property Equals Wealth

Garth Turner | Posted 08.16.2016 | Canada Business
Garth Turner

The fact Firecracker and Wanderer have eschewed real estate in favour of an early idleness, and are actually of Asian (!) heritage, has turned a lot of newsroom cranks. After saving madly, living on air and investing their 500 grand (with me), these guys ended up claiming to be the nation's youngest retired millionaires. My callers? Not so much. The liquid assets among 35-year-olds who have been working for seven or eight years is breathtaking. There aren't any. Instead, all the cash has gone into lifestyle, a soul-sucking condo or repaying student debt. The kids basically have no idea what an RRSP is, or an ETF, and equate a TFSA with a high-interest savings account at the bank.

Donald Trump's Effect On The Financial And Commodity Markets

Tim Pickering | Posted 08.10.2016 | Canada Business
Tim Pickering

In the long list of market unknowns, Donald J. Trump and the US Presidential race is the unknown. The result of the election could have massive implications on the markets, even if we are unsure about what they are. When looking to commodities, a weaker US dollar will drive prices higher, but this may be offset by concerns over a slowing economy.

Should Fintechs Be Regulated Like Banks And Credit Unions?

David Gens | Posted 07.05.2016 | Canada Business
David Gens

Like many other fintech startups, we only replace one or another aspect of banking services, but we obtain capital through private investment, not customer deposits through a chequing account. This fundamental difference is often overlooked in the conversation around regulating fintechs like banks and credit unions.

That Emergency Fund Can Wait – Prioritize Paying Off Debt Instead

Nanci Murdock | Posted 07.04.2016 | Canada Business
Nanci Murdock

Your priority should always be to pay off debt. But while you are diligently paying off debt (especially debt with an interest rate 10 per cent), invest in yourself and send a message to the Universe by starting an emergency fund with even just $100 and $50 automatic monthly contribution.

Expanding Canada Pension Plan Key To Lasting Retirement Security

Charles Sousa | Posted 06.20.2016 | Canada Politics
Charles Sousa

Fifty years ago we fixed the problem through vision and leadership by creating the CPP. Today we need to fortify the CPP to give future generations of Canadians confidence that they can live with dignity when their working life comes to an end. It's a proven and sensible approach.

Moms And Money Management On Global Parents Day

Brian Gervais | Posted 05.31.2016 | Canada Alberta
Brian Gervais

June 1 is the Global Day of Parents. Beyond traditional life lessons (think tying your shoes and learning to ride a bike), parents are also responsible for imparting good money management skills to their children. Traditionally it was men who were largely responsible for long term investing and financial planning for their families. But that's so 1960s. Good financial habits are something everyone can develop, and for many people, that starts with learning from their parents -- from Mom or Dad.

Do You Need A "Rainy Day" Fund?

Tea Nicola | Posted 05.17.2016 | Canada Business
Tea Nicola

Many financial institutions, books, and blogs recommend setting up a rainy day fund in liquid cash of 3 to 6 months salary to help you during times when your regular income is disrupted or major emergencies. Situations such as sudden job loss or unexpected home repairs can hit hard if you're unprepared.

It's Not All Doom And Gloom In Canada's Job Market

Tom Turpin | Posted 05.17.2016 | Canada Business
Tom Turpin

Randstad compiled and crunched data on nine of the hottest job sectors in Canada, surveying employers, candidates, and industry experts from coast-to-coast, and collecting feedback on what's driving job growth and talent across the country.

Your Investments Are Not Your Sweethearts

Tea Nicola | Posted 05.03.2016 | Canada Business
Tea Nicola

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.

Yes, Human Resources Can Be Friends With Finance

Sooky Lee | Posted 04.29.2016 | Canada Business
Sooky Lee

Gone are the days when an HR manager's work was dedicated to "hire, fire and retire" administration. HR leaders are now stepping up as strategic partners driving cultural change, succession planning, leadership strategies and workforce readiness.

How To Take Control Of Your Finances

Brian Gervais | Posted 04.26.2016 | Canada Living
Brian Gervais

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.

Want Your Kids To Be Money-Smart? You're Their Best Teachers

Cairine Wilson, CPA Canada | Posted 04.19.2016 | Canada Parents
Cairine Wilson, CPA Canada

Our kids are often most receptive to advice when it starts at home. The best time to begin is now. For example, even preschoolers are ready to start thinking about finances. If they know mommy or daddy goes off to work, they can understand why -- the answer is to earn money.