Guiding you along your financial journey
RESPs: Benefits of Both Individual and Family Plans In either type of RESP, you can apply for the Canada Education Savings Grant (CESG), the additional CESG if applicable, and other government grants. All of the other rules around contribution limits and the government grants are the same. Contrary to popular belief, you can transfer funds between individual plans, just like […]
Even the most feisty and frugal of us can have a hard time feeling fabulous when it comes to our savings. Research shows that investing is one area where women tend to lack confidence. In an international study of women’s opinions, the financial services industry was the one line of business they were most dissatisfied with. In regard to investments […]
Oil rose sharply in April, helping the Canadian Dollar rise to levels not seen in almost a year. Canadian stocks were also helped by oil prices, particularly the S&P/TSX Venture index which had its best month ever.
Passive investing or active? The words passive and active carry a lot of baggage in today’s society. When you hear the word passive, what comes to mind? For most people, it describes someone who allows things to happen or accepts what other people do or decide. Active is pretty much the exact opposite, its someone that takes charge or is […]
Continued from 10 Common Misconceptions About Robo Advisors (Part 1) Misconception #6 – Humans are inherently better investors (and advisors) than robo advisors Intuitively, it seems like humans would have the advantage over technology, that an algorithm could never perform as well as a human advisor. There’s a hesitation in handing over the reins to an unfeeling algorithm, even when […]
Faizal Valli’s Tax Tips and Traps If you haven’t yet filed your 2015 taxes, or if you’re looking for a summary of the recently announced federal budget, check out this 30 minute podcast featuring Faizal Valli, CPA, CA. Have a tax question that wasn’t covered here? Let us know in the comments or connect with Faizal directly on LinkedIn. […]
This is a guest post written by Robb Engen at Boomer&Echo. Robb is a fee-only advisor and he blogs about Canadian personal finance and investing at Boomer & Echo. Reach him at robbengen@gmail.com How can you decide which online financial advisor is right for you? An online financial advisor, or what the financial media and investment industry call a […]
Stock markets around the world rose in March with Canada leading the way. The Canadian dollar had another strong month and the new federal government revealed their first budget with a headline grabbing deficit.