TFSA

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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What are You Willing to do for Financial Independence

What are You Willing to do for Financial Independence?

I’m honestly getting really tired of all the Financial Independence, Retire Early (FIRE) blogs, articles, and people out there. Don’t get me wrong, I think FIRE is amazing, and if you can achieve it, that’s great. My problem is that in the last little while, FIRE has been making headlines because of people who have…

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TFSA Questions From New Grads

Tax Free Savings Accounts (TFSA) have been around since 2009 yet many people still don’t quite get how they work. The Canadian Revenue Agency does a good job explaining tax free savings accounts on their website, so I’m going to focus on answering some common TFSA questions that new grads have. When should I open up a…

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