Investing
When it comes to investing, real estate tends to be one of the most lucrative options. But, let’s be honest. Real estate is expensive and property prices just keep getting higher and higher during the pandemic. Many people now assume that investing in real estate is out of reach but that may no longer be…
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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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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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Are you looking for the RRSP deadline? From an early age, Canadians are encouraged to save up money and invest in a registered retirement savings plan (RRSP) for their future. An RRSP can be a very smart tool to help save for retirement if used properly. However, as a government-registered account, your RRSP has a…
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Are you looking to buy a home and want to take advantage of the First-Time Home Buyer Incentive? This new government program is meant to help you become a homeowner, but admittedly, it’s quite confusing. Essentially, it’ll help you reduce your monthly mortgage payments, but the government takes a share of your equity. While there’s…
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Are GICs worth it? When some people think of investing, they tend to think of it as a high-risk strategy. Often, we associate investments with the stock market which can be incredibly volatile. While some people love to invest in stocks, others shy away from it, prioritizing security over the risk that comes with potential…
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With Canada having some of its lowest interest rates in the last decade the thought of a high-interest savings accounts in Canada may seem absurd. To complicate things, there are so many different banks in Canada and they all have various accounts that come with different features. If you’re not aware of what to look…
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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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Are you looking to buy a home in Canada but have no idea what is the mortgage stress test? Even though the Canadian government announced the mortgage stress test back in 2017, it still causes a lot of confusion among potential buyers. It doesn’t help that the rules have changed a few times, so knowing…
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**This post is sponsored by RBC InvestEase Inc. All views and opinions expressed represent my own and are based on my own research of the subject matter Are you looking into robo advisors and investing but don’t know where to start? Although robo advisors are becoming more and more popular across Canada, some people still…
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