Archive for March 2024
XEQT ETF 2024 Review
Given that I recommend the XEQT ETF (and other Canadian all-in-one ETFs) quite often these days, I figured that it was time to give a 2024 update to my XEQT review. If you’ve checked out my Best ETFs in Canada comparison you’ll see that XEQT is at the top of the list – and it’s…
Read MoreHome Equity in Retirement – Reverse Mortgages vs HELOCs vs Downsizing
Many retiring Canadians have a huge chunk of their net worth tied up in their housing equity. Deciding whether to tap into that housing equity through a reverse mortgage or a home equity line of credit (HELOC) as they transition through different phases of retirement can be a tricky decision. The alternative option of selling a…
Read MoreWays to Maximize the Canada Child Benefit (CCB)
Most Canadian parents don’t understand how they maximize their Canadian Child Benefit (CCB) and get paid thousands of government dollars every year! We’ve been receiving this benefit since the Trudeau administration has been in power (2016), and I’m always tinkering with ways to max out this benefit. It’s worth my time since the CPP clawback…
Read MoreInvesting For High Net Worth Individuals
With the stock market hitting new all-time highs you may be hearing the term “High Net Worth Individual” a lot recently, and wondering exactly what that means. The term High Net Worth Individual – or HNWI – is a label used by financial institutions to refer to folks whose liquid assets (funds that can be…
Read MoreLegal Wills Review: Canada’s Best Online Will Kit
When I was asked if I wanted to write a Canadian Legal Wills review in exchange for a free trial of Canada’s best online will kit, I have to admit that I was embarrassed. You see… Until yesterday I didn’t even have a will. I know, statistics show that roughly half of Canadian adults don’t…
Read MoreQuestrade vs Wealthsimple – Which is Better in 2024?
Canadian investors looking to cut their investing costs to the bone are probably most interested in the Wealthsimple vs Questrade comparison. While fees are usually the main consideration, I think it’s worth looking into how well the user experience is, what the respective customer service report cards have to say, and finally, what accounts each…
Read MoreBest Financial Advisors in Canada
When looking for the best financial advisors in Canada (or best financial planners in Canada) you’re inevitably going to encounter a lot of confusion and too-slick sales pitches. There is a lot of money to be made from selling mutual funds to Canadians, and many wealth management firms specialize in this sort of “financial planning”. Unfortunately,…
Read MoreThe Best Joint Bank Accounts in Canada
For many years, the best joint bank account in Canada list was dominated by the big banks and Scotiabank’s Tangerine brand. That has all changed now that EQ Bank has created a joint bank account product AND released their EQ bank card. This gives EQ Bank the title of best joint bank account in Canada by…
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