Archive for January 2024
Webull Canada Review
When I sat down to take a close look at Canada’s newest brokerage for my Webull review, I realized a couple of things pretty quickly. 1) Webull had higher prices for Canadian customers than it did for its American clients. 2) Webull doesn’t have TFSA, RRSP, and other Canadian investment accounts available. Consequently, this US…
Read MoreBest Canadian Online Brokers – May 2024
As New Year’s resolution makers hang on for dear life, it’s time to update our Best Canadian Online Brokerages Comparison. While many investors were celebrating a fantastic end of the year over the holiday season, 2024 hasn’t exactly started out with a bang. That said, I think the medium-term future looks bright for patient long-term…
Read MoreCanadian Dividend Kings & Aristocrats – March 2024
Investing in Dividend Kings (aka Dividend Aristocrats) always looks subpar when technology stocks race ahead as they did in 2023. That said, they make you look like a genius when those high-risk, high-growth stocks plummet 50%+ in downturns. Click here to jump directly to my 2024 picks. While 2023 wasn’t a banner year for Canadian…
Read MoreRetirement Planning in Canada (RRSP Season)
With “RRSP season” and annual financial goal setting in full swing, Canadian retirement planners are out there in full force ready to “help”. Honestly, the whole idea of “RRSP season” has always confused me a bit. It seems like we’ve collectively decided as a nation that we’ll squish “New Year’s resolutions” and “caring about money”…
Read MoreQtrade Promo Code 2024
Not only do they currently occupy the top spot in our Canadian Discount Brokerage rankings, but the new 2024 Qtrade Promo Code means that you’ll get paid cold hard cash to try Canada’s best brokerage. To get Qtrade’s welcome bonus, simply click the link below, open a new account, transfer your investment dollars, and BOOM…
Read MoreDo I Need an Accountant To Do My Taxes?
Two of the most common questions that I have gotten in our MDJ inbox over the years are: Do I need an accountant to do my taxes or can I DIY it? Do I need an accountant for my small business in order to do bookkeeping, tax preparation, and general financial advising? And then most…
Read MoreFree Stock Trading in Canada 2024
The best free stock trading apps in Canada can help you cut fees to the bone, and DIY invest yourself to a substantial nest egg. That said, there is no such thing as a truly free stock trading in Canada. We’ll go into detail about what “free” really means when it comes to investing in…
Read MoreHow to Buy Stocks in Canada 2024
Learning the mechanics of how to buy stocks in Canada can seem intimidating at first. It’s perfectly understandable to be a bit intimidated by the idea of gaining or losing money that you worked hard for – with a few clicks. But honestly, it’s really just learning which platform makes the stock-buying process easiest for…
Read MoreNeo Money Account Review
What is Neo Financial? Neo Financial is a Canadian fintech company offering a variety of products, including the Neo Money Account. It was founded in 2019 by veterans of the tech industry Kris Read and SkiptheDishes cofounders Jeff Adamson and Andrew Chau. Since the company’s inception, Neo’s mission has been “to reinvent how Canadians spend,…
Read MoreDividend Stocks Rock Review 2024
Investing on your own is not an easy task. From mutual funds to robo advisors and individual stocks, there are a wide range of strategies, information services and trading platforms to choose from. It can quickly become overwhelming. This is where the simplicity of dividend investing really shines. I started investing in mutual funds when…
Read MoreSafe Retirement Withdrawal Rate Strategies in Canada
The concept of a safe withdrawal rate (and the 4% rule) is a key planning tool for Canadians of all ages. After all, if you don’t have a general withdrawal plan, how can you know how much you need to save in the first place? If you have been reading MDJ for years, you already…
Read MoreBest USD Bank Accounts in Canada 2024
Finding the best USD bank account in Canada can mean saving hundreds of dollars in fees and favourable exchange rates. The costs of cross-border transactions or a holiday down in the US can really add up if you’re not careful. A US Dollar bank account based in Canada can make USD transactions quick and painless,…
Read MoreIs Robinhood Available in Canada?
Once the new disruptive force on the online discount brokerage scene, Robinhood’s “gamification” of commission-free stock trading changed the way millions of young people thought about the stock market. Robinhood’s commission-free trades, as well as their sleek and easy-to-use interface, appealed to first-time investors. However, the company has been vilified since it went public, perhaps…
Read MoreNeo Financial Mastercard Review 2024
The new Neo Financial Mastercard or “Neo CardTM” is the next big thing in Canadian credit cards. We’ve seen tech companies disrupt everything from vehicles to space travel and investing. Now the new Neo credit card is coming for the old market standbys. Three massive advantages for the Neo Card immediately stand out to me: 1)…
Read MoreBest Short Term Investments in Canada 2024
As we enter the 2024 the best short term investments in Canada continue to be GICs. You can still find excellent short term GIC deals for 5% or more! Of course GICs aren’t the only safe, short term investment option in Canada. If you can’t stomach putting your money away for a full year to make…
Read MoreBest Student Bank Account in Canada (2024 Promos Included)
Picture yourself racing across the quad to your early morning lecture – your iced coffee spills down the front of the cleanest hoodie you could find to throw on. You have two papers to write and midterm exams are quickly approaching – any thoughts of your finances are far from top of mind. You’ve got…
Read MoreMaxed out RRSP and TFSA – Now What?
I recently received an email from a reader with a bright financial future. They have a maxed out TFSA and has recently maxed out her RRSP as well. Here’s a snippet of the email below (edited for brevity). First of all, thank you for sharing your wisdom and financial journey. I love reading your blog and…
Read MoreCanada’s Best Energy Dividend Stocks 2024
Investing in Canada’s best energy stocks have been a key part of my investing strategy for some time now. A lot of people don’t remember this, but it wasn’t so long ago (August 2020) that a lot of folks were asking if Canada’s energy dividends were in trouble? Of course, that was before energy prices…
Read MoreBest Canadian Dividend ETFs for 2024 (And Why We Prefer Dividend Stocks)
Because I’ve been writing about dividend investing for nearly two decades now, I get a lot of inquiries every month about the best Canadian dividend ETFs vs the best dividend stocks in Canada. Obviously Canadians love their tax-efficient dividend income. The consistency of having those dividend payouts hit their accounts allows investors to better control their…
Read MoreUltimate Smith Manoeuvre Guide For Canadians
When I started writing about the Smith Manoeuvre as a way to turn your mortgage into a tax deductible loan 16 years ago, I didn’t think it would become one of the most widely read articles on the website and generate hundreds of comments! Even though I started my Smith Manoeuvre at one of the…
Read MoreWorking After Retirement in Canada
A lot of Canadians have begun to look at the traditional idea of retirement and the non-traditional concept of working after retirement in different ways over the last decade or so. It’s become much more common to gradually transition from full-time work, to part-time work (often in a different workplace or job altogether), and then…
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