DIY investing

Employee-Stock-Purchase-Plan-ESPP-Explained

Employee Stock Purchase Plan (ESPP) Explained

An employee stock purchase plan (ESPP) is a lucrative benefit that’s offered by some employers. If you’re fortunate to have access to an ESPP, you’re essentially being offered free money, and who doesn’t like free money right? There’s no denying the financial benefit of an ESPP, but it’s not a guarantee. Stock prices can go…

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How to invest in index funds

How to invest in index funds?

Do you want to know how to invest in index funds? It doesn’t matter if you’re a new investor or approaching retirement, index investing is a strategy that works for anyone. Even Warren Buffett recommends index funds for the average investor. What makes it so appealing is that there’s minimal work required on your end…

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Norberts gambit

Norbert’s Gambit: A step-by-step guide

Have you ever heard of Norbert’s Gambit? It’s the cheapest way to convert CAD to USD and vice versa. The trick is incredibly handy for people who need to exchange huge amounts of US dollars. For example, you might want to start investing in US listed stocks or you may be purchasing a home in…

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How to Transfer Your RRSP to Another Financial Institution

Have you ever wondered how to transfer your RRSP to another financial institution? It’s a legit question and you may want to do it for a variety of reasons. Some people may prefer to have all their finances with a single bank while others are likely tired of fees or lack of returns from their…

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How is Cryptocurrency Taxed in Canada?

**Note, I am not an accountant, nor am I an expert on cryptocurrencies. You should seek the advice of an accountant with experience in cryptocurrencies if you have any serious questions or concerns. Are you wondering how is cryptocurrency taxed in Canada? With the explosion of Bitcoin, Ethereum, and whatever other cryptocurrencies that currently exist…

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What Happens to My Pension if I Quit My Job Canada

What Happens to My Pension if I Quit My Job?

When I had a corporate job, my employer had a defined benefit (DB) pension plan. While these golden handcuffs were undoubtedly great, I did wonder what happens to my pension if I quit my job? I knew there would be a few different options. However, I never thought much about it because I assumed I…

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Switching to Questrade

Switching to Questrade, is it worth it?

Every January and February, Questrade blasts its ads everywhere. You’ve probably heard them on the radio or seen them on television. To be honest, the ads are quite effective since they always show how people are getting ahead by lowering their fees. Some of the scenarios may be over the top, but there’s no denying…

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Rogers ESAP

Rogers Employee Share Accumulation Plan (ESAP) Explained

The Rogers Employee Share Accumulation Plan (ESAP) is easily one of the best benefits available if you work for Rogers. Not only does Rogers match you a generous amount, but the Rogers ESAP is also available to just about every employee, so it can be highly lucrative regardless of your position. I personally gained tens…

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management expense ratio

Understanding Your Management Expense Ratio (MER)

One of the most commonly talked about topics in the personal finance world is fees. Most people realize that you’re going to pay a fee since you’re getting a service, but you may be shocked to find out how much you’re paying in fees. Eliminating small daily fees are great for improving our cash flow,…

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Hardbacon Review

Hardbacon Review

Finance and budgeting apps are nothing new for Canadians, however, there is one Canadian fintech company that is quickly making headway with the versatility of their app. Hardbacon has been available since 2018. Their mission is to help Canadians make better financial decisions and to become wealthier day after day. Every app has a similar…

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