Canada Money

Bridging The Confidence Gap Between Women And Wealth

Cindy Crean | Posted 11.20.2015 | Canada Business
Cindy Crean

With a longer life expectancy, women have to realize the impact that overly conservative investing can have on their ability to reach their financial goals.

Healthy Financial Habits Make For A Happy Holidays

Cairine Wilson, CPA Canada | Posted 11.19.2015 | Canada Business
Cairine Wilson, CPA Canada

CPA Canada released a Summer Spending Followup Survey, which revealed that 42 per cent of those surveyed were essentially on-budget this past summer. What does this have to do with holiday spending? Quite a bit, actually. Those who fared better followed a few basic principles we might all want to remember.

This Year, Make And Stick To A Holiday Budget

Wade Stayzer | Posted 11.19.2015 | Canada Business
Wade Stayzer

For most households, the holiday season is an enjoyable time of year to spend with friends and family but it can also be one of the most stressful -- with travelling, hosting and gift-buying all being a major drain on the household finances. Follow these tips to have an enjoyable holiday season while keeping your wallet intact.

How To Invest Wisely Using Your Travel Experiences

Pramod Udiaver | Posted 11.13.2015 | Canada Business
Pramod Udiaver

Investing is no different than being on a long vacation. You need to start with a destination in mind, and build your plan to get there. Think of the last time you took a long vacation. How did you plan and execute? What was your experience? What lessons did you learn?

Make Money Your New Best Friend

David Lester | Posted 11.09.2015 | Canada Business
David Lester

Don't just have an "okay" relationship with your money, have an AH-MAZING relationship with it -- just like you have with your spouse or best friend. ...

Financial Literacy Is Essential To Fighting Fraud

Cairine Wilson, CPA Canada | Posted 11.04.2015 | Canada Business
Cairine Wilson, CPA Canada

According to the Canadian Anti-Fraud Centre (CAFC), mass marketing fraud is an enormous business that consistently claims victims who have not taken the time to verify with whom they are dealing. In fact, the CAFC says the surest way to avoid fraud is to verify, verify, verify.

It's Time To Put Financial Literacy In The Spotlight

Cairine Wilson, CPA Canada | Posted 10.28.2015 | Canada Business
Cairine Wilson, CPA Canada

The fact many Canadians are living beyond their means and are vulnerable to economic shocks highlights the importance of Financial Literacy Month (FLM), which takes place each November in Canada. This year, FLM aims to use the national strategy as a springboard to rally support across the country in the effort to help Canadians become better money managers.

Here's How to Invest in a Volatile Economic Cycle

David Lester | Posted 10.20.2015 | Canada Business
David Lester

My overall idea is that by owning the dividend paying stocks outright you have the potential to make even more money and you know I love to do that. Creating a portfolio that is diversified and paying solid dividends will ensure a retirement asset to fulfill your goals and aspirations. Start paying more attention to your money and it'll pay you back with dividends.

Why Students Should Take Time This Thanksgiving to Re-Evaluate Their Finances

Mandy Mail | Posted 10.08.2015 | Canada Living
Mandy Mail

After six weeks at school, students may be surprised by how much it actually costs to live independently. When I first moved out on my own, I was amazed by all the hidden costs. Living at home, my parents covered most expenses -- from groceries to toiletries -- and I never gave it a second thought.

5 Ways to Put Your Cash on Cruise Control

David Lester | Posted 10.07.2015 | Canada Business
David Lester

It's fall now, and there is so much to do that is more fun than paying your bills. Wouldn't you rather carve pumpkins, shop for new turtlenecks, or take the kids for a drive to see the changing leaves? Why not set up your money tasks so that they are off your to-do list PLUS make some bonus money while doing it?

How to Teach Your Kids About Money

Kathy Buckworth | Posted 10.06.2015 | Canada Parents
Kathy Buckworth

With the first day of school well behind us, and students settling into new routines, now is a great time to take up some learning outside the classroom. Many school curricula don't include financial literacy, so demonstrating the value of money in real world situations has extra importance.

Why I Dumped My Gold Credit Card

David Lester | Posted 09.29.2015 | Canada Business
David Lester

Today I broke up with my gold credit card. We had been together since I got out of university. Things had been going well until I found out that it was all about him and not me. What I had been promised wasn't what I was getting in this relationship, and when I found out -- I kicked him to the curb.

Should Millennials Use Robo-Advisors to Manage Their Money?

David Lester | Posted 09.26.2015 | Canada Business
David Lester

Investing in ETFs with the help of a robot or on your own is a great way to get a toe into the market. It could be a great option for the millions of millennials who are interested in "setting it and forgetting" it. More and more millennials go online to get Ubers, pizza, dates, and entertainment -- why not also have your money managed that way too?

Talking About Money Is Good for Your Health

Anita Saulite | Posted 09.22.2015 | Canada Business
Anita Saulite

The American Psychology Association 2014 survey shows that "stress related to financial issues could have a significant impact on our health and well-being." Almost seven out of 10 feel stressed over money matters.

5 Things You Should Know About Robo-Advisors

Pramod Udiaver | Posted 09.18.2015 | Canada Business
Pramod Udiaver

We know there is a lot of confusion out in the market about what a robo-advisor is and how it works. The term robo-advisor (a.k.a. online advisor) refers to the convenient online delivery of investment management services and online access to your investment portfolio.

5 Money Hacks for Reducing Student Debt

David Lester | Posted 09.18.2015 | Canada Business
David Lester

The average Canadian comes out of school with around $27,000 worth of debt and, based on an entry level job, the monthly payment will take up a significant amount of your disposable income. When I graduated, I traveled Europe for three months and then bought my first condo. It was all because of the steps I had taken when I was in school. Make sure that you sow the seeds of your financial success now.

Education Savings Should Be a Federal Election Priority

Peter Lewis | Posted 09.11.2015 | Canada Business
Peter Lewis

The cost of tuition can be overwhelming to say the least. For families and students trying keep afloat this year, making tuition payments is already a challenge often managed by multiple loans, jobs and sleepless nights spent studying or trying to make the grade in order to maintain a scholarship.

5 Ways to Become Debt Free In 10 Years

David Lester | Posted 09.10.2015 | Canada Business
David Lester

Since debt became super cheap after the Great Recession, we all have taken on a ton of of it. Nationally we have an average of $27,000 in non-mortgage debt -- and $190,000 in mortgage debt. Here is how we all can get rid of our debt in 10 years so we can enjoy our retirements and our lives debt-free.

8 Personal Finance Lessons Every Student Should Learn

Erin Bury | Posted 08.31.2015 | Canada Business
Erin Bury

Like many Canadian teens, I grew up not learning about basic household budgeting, so when I went to university for the first time I was a little lost. I made mistakes. I got into debt. I spent more than I had. Then I realized how hard it was to pay off debt on an entry-level salary, and I got smart about my finances.

10 False Assumptions About Money and Finding a Fulfilling Career

Sarah Vermunt | Posted 08.21.2015 | Canada Business
Sarah Vermunt

A client of mine liked to think in black and white. In her mind, you could either do a job you hate and make a ton of cash, or do a job you love and be dirt poor. No iPhone. It was one or the other. Without knowing it, she had tied the concepts of fulfilling work and poverty together.

Teamwork Helps Students Address Financial Challenges

Cairine Wilson, CPA Canada | Posted 08.21.2015 | Canada Parents
Cairine Wilson, CPA Canada

The post-secondary years are the ideal time to lock in great habits and fill any gaps in your children's financial education. Regardless of whether there are savings set aside or loans to be taken, managing the dollars matters. It's our young people who gain the most from good advice as they take on increased responsibility.

Three Important Lessons I've Learned in Investing

David Lester | Posted 08.19.2015 | Canada Business
David Lester

It was now the year 2000 and the tech boom was exploding along with my stocks and money. Before I was even 20 I had learned a lifetime of investing strategies and lessons. After all of that here is what I have learned.

5 Savvy Spending Tips for Back-to-School Season

Sandra Hanna | Posted 08.18.2015 | Canada Parents
Sandra Hanna

Canadians are feeling the penny pinch. According to a whopping 43 per cent of Canadian parents view back-to-school as a financial burden on their families. To help ease the pain class is in session and with a little savvy spending from my top five tips, your dollar will be stretching further this season!

The Pros and Cons of Renting Out Part of Your Home

Samantha Brookes | Posted 08.14.2015 | Canada Business
Samantha Brookes

On the surface it seems like a fabulous idea: Carve out a portion of your home, rent it out and use the rental income to pay your mortgage. You get to live basically "rent free" while at the same time reaping the tax benefits of writing off some of the costs associated with accommodating a rental apartment in your home.

How to Achieve Your Ideal Life

David Lester | Posted 08.11.2015 | Canada Living
David Lester

A great way to focus your money and efforts is to set solid goals for yourself. This time, instead of just writing down the same old stuff like going to the gym and reading more -- blow out your ideal life. Plato wrote about his theory on true forms and I've applied it to people's lives.