TFSA

Motusbank review

Motusbank Review

motusbank is here! The first thing you need to know is that motusbank is a Canadian digital bank which is a subsidiary of Meridian. In case you’re not familiar, they’re one of the most popular credit unions in Ontario and Canada. For years, Meridian has been offering some amazing products including one of the best…

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6 Things You Should Know About Deposit Insurance in Canada

This is a sponsored post written by the Canada Deposit Insurance Corporation. This has been reviewed and approved by Moneywehave.com Editor’s note: One of the most common questions I get is what happens to your deposited money if a bank fails? Well the good news is that you’re covered up to $100,000 thanks to the…

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Justwealth review

Justwealth Review | Get up to $500 free

Curious about investing but not sure where to start? How about with a robo advisor? Robo advisors are becoming a popular way to invest in Canada thanks to how simple and easy they make the application process. While the simplicity makes robo advisors ideal for beginners, the reliable strategy they use makes them ideal for…

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How to transfer your TFSA

How to Transfer Your TFSA to Another Financial Institution

Have you ever wondered how to transfer your TFSA to another financial institution? Just like transferring your RRSP, it’s a simple process, but due to contribution limits, there are a few other things to consider when moving your Tax-Free Savings Account. To be clear, there are no tax consequences if you’re transferring your funds from…

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How to Build a Relationship With Your Financial Advisor

I’ve worked with a handful of financial advisors over the years and I can honestly say I’ve never had a relationship with any of them until I connected with a fee only financial advisor. This shouldn’t be too surprising as many financial advisors (who are associated with a bank or investment firm) don’t exactly have…

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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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RRSP vs TFSA: Which one to choose?

**This is a sponsored post written by me on behalf of Sun Life. All opinions are my own. Without a doubt, the #1 question I get asked about personal finance is Tax-Free Savings Account (TFSA) vs Registered Retirement Savings Plan (RRSP). Which one should I choose? There’s no simple answer since both have their benefits.…

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What is a Mutual Fund?

When it comes to investing, one of the most popular products, if not the most popular, is a mutual fund. This type of investment product is available to all investors, but many still don’t know what is a mutual fund. To simply put it, a mutual fund is an investment product that consists of stocks,…

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Don't panic about your RRSP

Don’t Stress out About Your RRSP and TFSA!

**This is a sponsored post written by me on behalf of BMO. All opinions are my own. Every year, you have until the 60th day of the year to make a Registered Retirement Savings Plan (RRSP) contribution. In other words, if you want to claim that contribution to your previous year’s tax return, you better…

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TFSA basics

Are You Using Your Tax-Free Savings Account?

Despite the fact that Tax-Free Savings Accounts turn 10-years old in 2019, only 69 per cent of Canadians say they have a TFSA according to BMO’s Annual TFSA Study. This number is actually up from 56 per cent from the previous year which is a 23 per cent improvement, but’s it’s still too low in…

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