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Is financial independence and retiring early really possible for most people?

Personal finance bloggers and writers have been getting all “fired up” in recent months about the FIRE acronym, which stands for Financial Independence Retire Early. We wrote about the similar concept of Work Optional earlier this year, here. Typically, FIRE...

What’s my RRSP contribution limit? Here’s the max for this year

If you’re like many Canadians, you’re hoping you’ve paid enough tax in 2019 and may even be looking forward to a hefty tax refund. You can help ensure that happens by knowing the details of your Registered Retirement Savings...

How Do I Maximize RESP Withdrawals?

With my oldest child turning 11 this year, my mindset and strategy for our family RESP is starting to shift from accumulation and growth to a more balanced portfolio. This has many similarities to retirement planning but on a smaller...

The best RRSP investments for 2020

A Registered Retirement Savings Plan (RRSP) is an investment plan that is registered with the Canadian federal government. RRSPs are often described as being “tax-advantaged.” That means you don’t pay income tax on the amount you are contributing to...

3 misconceptions about retirement in Canada

A new report found that the reality of retirement in Canada isn't quite what people expect it to be. The online poll of 1,800 people conducted by Ipsos on behalf of RBC revealed notable misconceptions surrounding retirement. They include the timing of that...

Embrace Aging and Plan for a Happy Retirement

How We Age is Changing As youngsters, we can’t wait to get older.  Sometime later, we become less enthusiastic about our next birthday.  We come to realize our mortality with the tick-tock of age.  It’s a matter of perspective. Age has...

Retirement Basics: Understanding How RRIFs Work

It’s no secret that saving for retirement is one of the most important things you can do to secure your financial future. While there are a number of paths Canadians can take, RRSPs remain one of the best ways...

6 Simple Keys to Financial Success

Money—such a loaded word. We spend an amazing amount of time, energy and emotion on money; loving it, hating it, worrying about it, or being frustrated by it. The one thing we don’t often do is talk about it....

What Is an RRSP? Your Guide to RRSP Investing

First introduced by the Government of Canada in 1957, Registered Retirement Savings Plans (RRSP) are a tax-sheltered investment account, designed to encourage Canadians to save for their retirement. While they’ve been around for a while, the importance of RRSPs...

How to Set and Achieve Dividend Retirement Goals

This is a guest contribution by Ben Reynolds at Sure Dividend.  Sure Dividend uses The 8 Rules of Dividend Investing to find high-quality dividend growth stocks suitable for long-term holding. If you’d like to contribute a guest post to...
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The Best Investments in Canada

You want to protect your money’s future purchasing power, and the best way to do this is to invest....
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Canada’s economy was slowing even before COVID-19 hit, January GDP numbers show

Canada's economy expanded by 0.1 per cent in January as manufacturing and the financial sector grew while transportation, mining, oil and gas and the...

Where to find and apply for COVID-19 financial relief

Alberta and Saskatchewan offer payments for anyone who is unable to receive federal aid. Quebec has a province-run temporary aid program for those who are...

Did coronavirus cancel your travel plans? Here’s how to get your money back 

Whether it’s a trip you booked months ago, or a last-minute deal you snagged when news coverage of the coronavirus was still just a...

Oil price falls below $20 US a barrel, its lowest since 2002

The benchmark price for a barrel of North American oil dipped below $20 US on Monday morning, the first time that's happened in 18...