We have been hard at work, developing one of Canada’s most sophisticated technology-driven investment management services. Today, I am excited to announce that ModernAdvisor will also be one of the most cost effective services in Canada. At 0.35% to 0.50% of your investment portfolio per year, ModernAdvisor will cost just a fraction of the average mutual fund in Canada. As […]
Stock Options are a popular way for companies, especially startups, to compensate their employees. Although there is no guarantee of the success of a company, by fully understanding your stock options and specifically, the tax implications associated with them, you can avoid making common (and big) mistakes that can cost you thousands of dollars.
According to the SPCA, the average cost per year to care for a small dog is approximately $1,300 and for a cat is $1,000*. Unsurprisingly, the high cost of pet care is one of the top five reasons people give up their pets. Fortunately, there are some simple steps that smart pet owners can take to reduce their costs. Here are […]
Last year, Canadians lost an incredible $70-million to money scams – which was an increase of $17 million compared to the year before. According to the Canadian Anti-Fraud Center, this number only accounts for 5 percent of those affected – so the real size of this problem is huge, and growing. With this in mind, I want to share with […]
Ten years ago, car sharing meant jumping into the passenger seat of your friend’s ride. Today, it means you have the ability to drive yourself, without the ongoing responsibilities of car ownership. As someone who doesn’t live in the same area as I work, I was an eager adopter for the convenience of the carsharing model. But having considered purchasing a car in the […]
The vast majority of parents want their children to get a post-secondary education but recent numbers suggest they’re not backing it up with financial support. In a survey conducted by the Globe and Mail last year, more than 1,500 Millennials aged 15-33 were asked if their parents used money saved in an RESP to help pay for their college or university […]
By learning how to shop smart and spot the best deals in the grocery store, you can reduce your grocery bill substantially. Surprisingly, this is relatively simple to do. The secret lies in knowing where to go and knowing what to look for when you get there. Here are five simple tips you can implement right away to help you spend […]
The secret to building wealth when you’re young lies in your ability to: Build good habits. Maintain a frugal lifestyle for a number of years. Make your money work for you. The younger you are, the better chance you have of building up a large sum of money for retirement, since you have one huge advantage over the older generation: time.