Archive for February 2023
The Best No-Fee Cash Back Credit Cards in Canada 2024
If you’re not using the best free cashback credit cards in Canada, then you’re missing out on free money! We published our no-fee cashback credit card list back in 2007 and we’ve been updating it regularly ever since, so you always know which no-fee cashback cards to consider. We start our list with a quick…
Read MoreMotive Financial Review 2024
What Is Motive Financial Bank? Motive Financial, which is under the Canadian Western Bank, is one of Canada’s best known online banks. They offer chequing, savings, RRSP, TFSA, and GIC accounts. Since Motive Financial has no brick and mortar physical locations, they are able to cut down on overhead costs and offer clients some pretty…
Read MoreLife Insurance for Seniors in Canada
Is whole life insurance good for Canadian seniors? Is permanent life insurance a good investment for Canadian retirees? Is term to 100 life insurance worth it for Canadian seniors? Long story short when it comes to life insurance for seniors in Canada: There is a 99% chance you don’t need it and can just ignore…
Read MoreInvesting on Behalf of my Kids
One of the most rewarding things about becoming financially knowledgeable and secure is being able to pass that knowledge on to your own children. When they begin to make, save and invest their own money, you will be there to guide them. If you want to take it a step further, you can start investing…
Read MoreWealthsimple vs. BMO in 2024
At face value, a fintech company like Wealthsimple and a big bank like BMO are so different that it’s surprising that they have any offerings in common at all. But as it happens they both feature excellent robo-advisors (Wealthsimple Invest and BMO Smartfolio) that are ranked on our list of the best robo-advisors in Canada. Figuring…
Read MoreLong-Term Care Insurance In Canada: Do I Need It?
TL;DR: You probably should not buy long-term care insurance in Canada. For many Canadians who are entering retirement, one of the big fears is that in their final years they will not be able to live on their own – and that because they can’t afford private long-term care, their lives will become miserable. This…
Read MoreBest Credit Cards in Canada 2024
What’s the best credit card in Canada? With so many cards on the market, it can be difficult to pick a single Visa or Mastercard, let alone one best overall credit card. This is true for two reasons: one, because there are so many cards that it can be overwhelming and two, because (spoiler alert)…
Read MoreNest Wealth Review 2024
What is Nest Wealth? Nest Wealth is a digital finance company that was founded in 2014 with the goal of providing “digital wealth solutions for everyone.” In the case of Nest Wealth, “everyone” includes not only individual investors like you or me, but also: Nest Wealth’s choice to focus on multiple niches is a double-edged…
Read MoreTop 10 Wealthiest Canadians in 2024
It’s been over a decade since we first wrote about the richest Canadians, and we thought it was a good time to update the list! While some have remained on the top 10 wealthiest Canadian list for years, some have not been able to maintain that title. Others have been able to retain their top…
Read MoreWealthsimple vs. RBC InvestEase – 2024 Comparison
Researching the best Canadian robo-advisors can be time-consuming, if not downright overwhelming! Canada has a lot of great options, and it can be a challenge to figure out how they differ from one another. Which one has the selection and services you’re looking for? Which will work best for your specific situation? Which has the…
Read More