Prioritizing debt over discretionary spending “I had to really be mindful with money and it was the first time that I had loans,” said the 28-year-old. “What I find challenging is, at my age, a lot of my friends are already established in...
For those in that position, as well as those whose mortgages expire in the next 12 months, it’s best to go into the renewal process armed with knowledge of the kind of terms you’ll face and your options. Knowing in advance what...
Interestingly, small-cap stocks have historically outperformed their larger counterparts and, if academics are to be believed, will continue to do so over the long term. Don’t let recency bias sway you; the dominance of mega-cap stocks over the last decade isn’t the...
Holding until a stock recovers Investors sometimes want to break even on a trade. This may cause them to hold a stock longer than they should, as they wait to get back to a profit position. The stock market generally rises over time, especially...
The short answer: Yes, estate planners should absolutely be well-versed in tax laws as they relate to your estate. But there are nuances to this, and sometimes calling in more professionals is the best move. Let’s break it down together. Do estate planners...
If the RRIF is not set up this way, there will be immediate tax consequences, and the estate wishes of your husband may not play out as intended. What happens if you’re not named the beneficiary or successor owner of a RRIF When a...
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Many Canadian employers see DB plans, where retirees receive a guaranteed payout every month (sometimes indexed to inflation), as too expensive. And while the average time spent working for the same employer has actually risen over the last five decades, according to Statistics...
Register for the Canadian Financial Summit, October 23 to 27, and you’ll get access to the investing and money-management knowledge of more than 35 Canadian personal financial experts, including MoneySense’s own Lisa Hannam, Jaclyn Law and Michael McCullough. With your ticket, the...
According to a recent survey by Léger, Moi is currently the “most widely used loyalty program in Quebec.” In Ontario, however, it will face heavier competition from the PC Optimum and Scene+ rewards programs, which dominate the market. So, how does Moi...
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