DIY investing

What is cryptocurrency

What is Cryptocurrency? How it works

Have you wondered what is cryptocurrency? While cryptocurrency seems like a new, payment method for many of us, the concept of cryptocurrency actually dates back to the late 1980s. However, it wasn’t until October 2008 when an entity known as Satoshu Nakamoto published a white paper called Bitcoin- A Peer to Peer Electronic Cash System…

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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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What is a Mutual Fund? Everything you need to know

Have you ever wondered what is a mutual fund? It’s easily the most popular type of investment product, yet many people have no idea what they are and how they work. While that may sound surprising, it shouldn’t be since most people let their financial advisor or financial institution make investment decisions on their behalf.…

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Canadian Discount Brokerages

How to choose between Canadian Discount Brokerages

If you’re a Canadian investor who is looking to DIY their way to a respectable nest egg, then deciding which of Canada’s online brokerages you use is one of your first (and most impactful) decisions. After many years of trying to convince Canadians that they need to cut costs to the bone and drop their…

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7 Things You Need to Know About Cryptocurrency

**Today’s sponsored guest post comes from the Canadian Securities Administrators (CSA). This has been reviewed and approved by Moneywehave.com Cryptocurrencies are a hot topic of conversation these days and have been since the beginnings of bitcoin in 2009. While they may seem like an exciting prospect, there are a few things you should consider before…

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RDSP Grant and Account Explained

RDSP Grant and Account Explained

Canada has a number of grant opportunities for Canadian residents, one of which is the RDSP grant. RDSP stands for registered disability savings plan and is meant to be a long-term savings vehicle for disabled Canadians. The RDSP grant is a handy program offered by the Government of Canada to help eligible individuals save. Here’s…

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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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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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My Pension Deferral Dilemma

As some of you know, I quit my full-time job in January of 2018 to freelance and spend more time with my daughter. What you may not know is that I was still technically an employee since I would do the occasional shift during a major event. Oh, it also allowed me to keep all…

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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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