Archive for May 2024
EQ Notice: NEW Account from EQ Bank
What is the EQ Notice Account? There are three things you need to know about the NEW EQ Notice Account: 1) It’s a brand new product in Canada – no other bank has it. It’s based on a model that has been around for decades over in the UK. 2) Your money will be fully…
Read MoreHow to Become a Millionaire in Canada
Most of us have wondered what it takes to reach millionaire status in Canada. We certainly don’t advise getting involved in any “get rich quick” schemes, but we do have practical steps to share that you can take to start your journey to become Canada’s next millionaire. The majority of millionaires in Canada didn’t get…
Read MoreTangerine vs EQ Bank Comparison 2024
If you’re in search of the Best Online Bank in Canada in 2024, the battle comes down to Tangerine vs. EQ Bank. Interest rates as high as 5% are being offered, which is great news for those looking for a place to park their cash during this period of soaring inflation. In addition to their…
Read MorePolicyMe Review (Term & Critical Illness Insurance Online)
Solid term life insurance and critical illness insurance are essential parts of disaster-proofing your life. This PolicyMe review shows how to get the best deal when it comes to comparing these types of insurance policies in Canada. While PolicyMe began as an insurance comparison and brokerage site, its core mission to focus people on getting…
Read MoreMoka App Review 2024
What Is The Moka App? Are you looking for an easy way to save money or build an emergency fund? If you have trouble building your savings each month, Moka can help you get started. Moka is a well-designed app that lets you begin investing without much effort. The team at Moka understands that getting…
Read MoreBest Canadian Online Brokers – May 2024
Now that we’ve hit summer, it’s time to take a look at the latest offerings from Canada’s best online brokerages. As always, our latest Canadian brokers comparison takes a look at fees, account options, desktop and mobile user experience, as well as customer service. I’ve been using Canadian discount brokerages for nearly twenty years now,…
Read MoreRESP in Canada – Rules, Eligibility & Optimal Strategy
An RESP, or Registered Education Savings Plan, is a registered tax-deferred investment account designed to help pay for a child’s education. In other words, RESPs are the best possible way to pay for your child’s eventual college and/or university bills! RESPs are eligible for government grants (re: Free Money) of up to $7,200. In this…
Read MoreThe Best Countries for Canadians to Retire Abroad
A few years ago I never would have considered writing an article about the best countries for a Canadian to retire abroad. Why would anyone want to leave Canada, right? Then my wife and I moved overseas to accept teaching positions, and I became aware of a broad range of geography-inspired lifestyle possibilities. I was…
Read MoreBest High Yield Canadian Stocks 2024
Many people love investing in dividend stocks for their predictable income stream. One of our most popular articles is our best Canadian dividend stocks list. Many investors are looking in particular for the best high yield Canadian stocks, so each year we provide the updated list below. You may notice we haven’t picked the stocks…
Read MoreBest GIC Rates in Canada 2024
The best GIC rates in Canada might be at a peak for the foreseeable future. With the Bank of Canada talking about possibly lowering rates later 2024, now might be the time to lock in a rate above 5%. The acronym GIC stands for Guaranteed Investment Certificates, and they are the Canadian equivalent to the American Certificates…
Read MoreWealth Management Companies in Canada 2024
My article on the best financial advisors in Canada appears to have triggered a bit of a backlash from Canada’s wealth management companies. If you’re not sure what exactly the difference is between a wealth management firm and a financial planning company – don’t worry – there isn’t one. The terms “financial planning,” “financial advisor,”…
Read MoreBest Low Risk Investments in Canada Right Now (May 2024)
Most Canadians never stop to consider when low risk investments are the most appropriate use of savings versus when higher-risk long-term investments are the better route. The truth is that most Canadians choose their investment by “gut feel.” You likely don’t need me to tell you, that’s not an ideal process. When choosing between higher…
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