Canada Money

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.

Review This Year's Expenses And Create A Budget For 2016

David Lester | Posted 12.21.2015 | Canada Living
David Lester

If you don't know where the money is going or how it is coming in, how will you change your spending habits for the better? This is the time to see where to cut next year to save for something that you really want.

Make The Most Of Your Holiday Bonus

Wade Stayzer | Posted 12.15.2015 | Canada Business
Wade Stayzer

For those employees who are fortunate enough to receive a year-end bonus, many may be tempted to spend it immediately. But I advise you to resist the urge to spend the money on frivolous items and instead think about putting your hard-earned bonus to work for you.

Tips For A Cheap And Cheerful Holidays

David Lester | Posted 12.04.2015 | Canada Business
David Lester

It's officially December now and I have no idea what to get anyone for Christmas or how much it'll cost. Everyone should be getting ready to be merry and jolly, but I'm banging my head on the wall thinking of what everyone wold love without breaking the bank.

Retirement Income Millennials Can Count On

David Lester | Posted 11.30.2015 | Canada Business
David Lester

Instead of putting our faith in the government to shore up our retirement, or the volatile stock market to provide the growth and security for something as important as retirement, there has to be another solution. Annuities just might be that solution for these five reasons.

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.