Canada Money

The Top 10 Tips For Spring Cleaning Your Finances

Wade Stayzer | Posted 04.27.2016 | Canada Business
Wade Stayzer

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.

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.

The Future Of Canadian Currency May Be Digital

David Leonhardt | Posted 04.26.2016 | Canada Business
David Leonhardt

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?

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.

How To Avoid "FOMO" When Buying A New Home

David Lester | Posted 04.19.2016 | Canada Living
David Lester

Many people are rushing into the housing market due to FOMO (Fear of missing out) and there could be some BIG consequences when interest rates go up. There is a good news bad news scenario to buying right now and everyone in the housing market needs to know what to expect. Before you rush in, here is the good and the bad to buying right now.

After 10 Years, What's Next For Digital Commerce?

Cameron Schmidt | Posted 04.18.2016 | Canada Business
Cameron Schmidt

The smartphone is not only becoming our primary source for Internet use -- it's dramatically changing money, and how we transact. What we're seeing today is a fundamental change in the evolution of money, driven by mobile that has -- and will continue to have -- major implications for retail and digital commerce.

Is A Joint Bank Account Right For Your Relationship?

David Lester | Posted 04.08.2016 | Canada Living
David Lester

If you're both feeling the love, keep one account and pay everything from that account.

More Isn't Necessarily Better

Sarah Vermunt | Posted 03.31.2016 | Canada Living
Sarah Vermunt

I work from home on Fridays. It feels like such a treat. I don't set an alarm, so I wake up when my body wants to. I shlepp around in jogging pants and I spend the day writing or working on administrative stuff. I take a long lunch and I enjoy a manicure or a hot bath or a sunny stroll. I love that I can do that.

How Starving Artists Can Create A Stable Income

David Lester | Posted 03.31.2016 | Canada Business
David Lester

All the tips on budgeting are based on people who get paid on a regular schedule, but if you're an actor, musician, etc., you'll get a chunk of change all at one time and then often have a dry spell. It's so easy to blow through the money that you get paid and then have nothing left for the few months that you're waiting for that next gig.

Budgets And Bank Statements Are The New Birds And The Bees

Wade Stayzer | Posted 03.17.2016 | Canada Parents
Wade Stayzer

The birds and the bees may not be the only difficult conversation you'll be having with your kids, discussing money and finances with your children can be just as challenging. Given the lack of mandated financial literacy courses in Canada, parents can fill the void by teaching financial concepts to their children early on.

10 Smart Things To Do With Your Income Tax Return

David Lester | Posted 03.15.2016 | Canada Business
David Lester

Income tax return time is coming up and so many of us are already thinking about all of the great things we can buy with the return. It's been a crazy year personally, politically and professionally and we all can look forward to a treat. But how will you get the most bang for your buck?

What The Raptors Taught Me About Winning And Losing In Business

Jessica Knox | Posted 03.14.2016 | Canada Business
Jessica Knox

I started watching the Raptors, this year more than ever. As I watched DeRozan shoot, Scola rebound and Biyambo block and night after night, it hit me like a ton of bricks. This game (and every other, I'm sure) is ripe with lessons on how to make an impact in business.

5 Simple Steps To File Your Taxes On Time

Renate Reimann | Posted 03.14.2016 | Canada Business
Renate Reimann

Death and taxes; two of life's unwelcome certainties. Whenever facing a stressful task, breaking it down into chunks and focusing on each practical step separately can be immensely beneficial. That's why I recommend using the "planning backwards method" when approaching tax season.

Can Your Personal Finances Survive A Stress Test?

Anita Saulite | Posted 03.03.2016 | Canada Business
Anita Saulite

Managing a big change in life can be daunting. That's why we need to have a clear understanding of our financial situation. It can't be fuzzy. Banks, for example, regularly conduct stress tests to identify areas of vulnerability. Testing allows for preventative planning to avoid systemic breakdowns or unrecoverable losses.

How To Get The Most Out Of Your RESPs This Tax Season

Peter Lewis | Posted 02.23.2016 | Canada Business
Peter Lewis

The money in your RESP can be divided into three basic groups: your contributions, government grants and the income earned on both of these. There are some nuances to how all of these are treated for tax purposes, so you should plan how you take the money out of the RESP.

Make This The Year Of A New Financial Strategy

Cindy Crean | Posted 02.12.2016 | Canada Business
Cindy Crean

The 2015 Sun Life Financial Annual Check-Up found that 66% of Canadians say their debt level is the same or worse than it was at this time last year. Though 67% say they're optimistic about 2016, only 13% note that paying down debt is among their top three New Year's resolutions. Just four per cent rank savings as a top resolution. Now is the time to make that change!

A Third Of Canadians Keep Financial Secrets From Partner

The Huffington Post Canada | Emma Paling | Posted 02.10.2016 | Canada Business

And a fifth argue about money at least once a week.

Cure Your Holiday Debt Hangover

Rubina Ahmed-Haq | Posted 02.03.2016 | Canada Business
Rubina Ahmed-Haq

Hands up if you spent more than you wanted to this past holiday. From gifts to entertaining to travel, it's easy to get swept up in the holiday spirit and dole out more cash than you first intended to. Now the credit card bills have started to arrive and you may be wondering where the extra money will come from?

Don't Let Money Fears Stop You From Chasing Your Dream Job

Sarah Vermunt | Posted 02.02.2016 | Canada Business
Sarah Vermunt

You are an intelligent and talented person. You are not going to up and quit your job tomorrow without putting some kind of plan in place. Yes, there is some risk involved, but you're a smart cookie and you would never let it come to that. Stop the horror stories, already.

Debt Can Be Good If You Learn To Leverage It

David Lester | Posted 02.01.2016 | Canada Business
David Lester

The Donald and other real estate barons made all of their money using debt to leverage their assets. Once you have one property or asset payed for, you can re-mortgage it and get another one. Now you have two assets hopefully growing and making you more money. Demonizing ALL debt in our society won't change that.

6 Ways To Keep Your Emotions Out Of The Stock Market Drop

David Lester | Posted 01.22.2016 | Canada Business
David Lester

Look one or two years into the future, and focus on that. History has proven that the market can, and will, recover. In Feb 2009 the TSX was at its lowest, and by February 2011 it had doubled back. So prepare to be in this for the long haul, and you'll be richer for it.

Don't Make These RRSP Mistakes When The Market Is Crashing

David Lester | Posted 01.11.2016 | Canada Business
David Lester

The stock market can be more about emotions than economics. Going with the herd and selling in times like this is never the right decision. Boomers need to secure their gains and Millennials need to buy more when opportunities show themselves -- the complete opposite of what happened in 2008.

4 Ways To Talk About Money With Friends

David Lester | Posted 01.04.2016 | Canada
David Lester

Isn't in strange how taboo talking about money still is? How you probably don't know how much most of your friends make, and they don't know what you ...

The Biggest Personal Finance Fails Of 2015

Jeffrey Schwartz | Posted 12.31.2015 | Canada Business
Jeffrey Schwartz

To err is human. Mistakes can be a valuable learning opportunity, and sometimes, the bigger the mistake, the bigger your lesson will be. Lucky for us, there are plenty of people out there who made huge personal finance mistakes in 2015, and we have the benefit of being able to sit back and learn from them.

New Year's Resolutions: Why We Do What We Do

Beverley Golden | Posted 12.22.2015 | Canada Living
Beverley Golden

Making New Year's resolutions originated with the Babylonians, who reportedly made promises to the Gods in hopes they'd earn good favour in the coming year. If health is number one on people's resolution list every year, I was curious what other resolutions people continue to commit to.