Helping Canadians with Personal Finance Since 2006
Learn how to save money, build an investment portfolio, and become financially independent - from a middle-class Canadian who has actually done it!
As Featured On
Toronto Star
Forbes
CBC
The Globe and Mail
Global
The Financial Post
Most Recent Articles
BMO InvestorLine Review 2025
Is BMO InvestorLine Safe and Trusted? In a word, YES. As one of Canada’s oldest and most trusted companies (founded in 1817) the Bank of…
EQ Bank Review 2025
EQ Bank Account Options and Interest Rates Account Type Interest Rate Best For Daily High Interest Account 1.25%* (Plus 2.25% if you direct deposit your…
Is Robinhood Available in Canada?
When Robinhood first entered the online brokerage world, its “gamified” approach to commission-free trading changed the way many young investors engaged with the stock market.…
Dogs of the TSX Dividend Stock Picks
The “Dogs of the TSX” dividend investing strategy for Canadian stocks has been a focus of mine for the past 13 years. I don’t follow…
Wealthsimple Trade Review 2025
What is Wealthsimple Self-Directed Investing (Formerly Wealthsimple Trade)? Wealthsimple self-directed investing is an online brokerage that lets you buy individual stocks and other assets. It’s…
Investing on Behalf of my Kids
When looking to invest on behalf of your children in Canada, there are many competing ways to do so. If you’re fortunate enough to be…
Best 2025 Broker Promo
Up To $2,000 Cash Back + Unlimited Free Trades
Open an account with Qtrade and get the best broker promo in Canada: 5% cash back when you fund a new account + unlimited free trades for the rest of the year.
The offer is time limited - get it by clicking below.
Must deposit/transfer at least $1,000 in assets within 60 days. Applies to new clients who open a new Qtrade account by November 26, 2025. Qtrade promo 2025: CLICK FOR MORE DETAILS.
About Us
Thanks for Stopping By...
If you're new around here, I go by Frugal Trader and I started this site back in 2006 to set goals for myself and track my learning progress. Over the last fourteen years, I've publicly shared my path to financial freedom, from what discount brokerages and high interest savings accounts I use, to the unique ways I've found to save money.
The Million Dollar Journey team is proud to now include writers from all across Canada, representing a diverse array of backgrounds and unique points of view.
If you want to learn more about me and my team, check out our About Page. If you want to learn more about Canadian money stuff like RRSPs, TFSAs, and daily savings tips, start with our Financial Freedom 101 section. Finally, if you want to receive the free eBook I recently wrote about how to organize your Canadian life and portfolio for retirement at any age, simply sign up below.
"I've completed my million dollar journey...
Want some help with yours?”
Instantly download our free eBook on tips for how to organize your RRSP, TFSA, and other investments, in order to get the most out of your retirement at any age.
Thanks for subscribing! Please check your email for further instructions.
Highest Rated Product Reviews
Qtrade Review 2025 – Canada’s Best Broker
Current Qtrade New Customer Promotion Qtrade currently has the best cash-back offer…
Questrade Review 2025
Is Questrade Safe & Secure? One of the most common questions that…
Wealthsimple Review 2025
What is Wealthsimple? Wealthsimple was founded back in 2014 by Michael Katchen,…
EQ Bank Review 2025
EQ Bank Account Options and Interest Rates Account Type Interest Rate Best…
Dividend Stocks Rock Review 2025
Investing on your own is not an easy task. From mutual funds…
Neo Financial Mastercard Review 2025
The new Neo Financial Mastercard or “Neo MastercardTM” is the next big…
Justwealth Review 2025
Why Justwealth? As I’ve updated my Justwealth review over the years, they…
Community is everything.
Million Dollar Journey.com began back in 2006, and boasts nearly 50,000 comments. Benefit from their collective wisdom and read what our community has to say about Canadian finance in 2025.
I just don’t like the relatively high fees on these Martin!
August 14, 2025 on post Investing on Behalf of my KidsGreat article but it could be updated. “Unfortunately, they do not have an international equity product, but I suspect that…
August 12, 2025 on post Investing on Behalf of my KidsI can tell you from personal experience that Questrade offers informal trust accounts but all tax slips will have the…
August 12, 2025 on post Investing on Behalf of my KidsThat would indeed generate a capital gain and a tax slip. In the case of Questrade, the generated slip will…
August 12, 2025 on post Investing on Behalf of my KidsMy kids inherited a bit of money from a relative. They were under 10 at the time, but I didn’t…
August 11, 2025 on post Investing on Behalf of my KidsI know Questrade has them, others too I’m sure.
August 11, 2025 on post Investing on Behalf of my KidsThanks for this, helpful. Question on informal trusts for my children. Re “the child will be responsible for paying the…
August 11, 2025 on post Investing on Behalf of my Kids
Final notes for your journey
Get free instant access to our #1 article each week!
We've got a ton of information here , and after helping thousands of Canadians get started over the years, I know the information overload can be a bit intimidating.
Every journey begins with just a small step! If you are unsure where to start, check out these index investing strategies or Canadian dividends guide, two of my most useful money making methods over the years. Or read my net worth updates to see exactly what I did to reach the million dollar mark.
Be good with your money and thanks for being a part of the MDJ Community. Don't forget to sign up below so that you'll get our "Monday Morning Coffee" email that will fill you in on the writing we have done that week.
- FT and the Million Dollar Journey Crew
Mike
That does help, thank you for the reply.
August 14, 2025 on post Investing on Behalf of my Kids