Archive for June 2024
EQ Bank vs Wealthsimple Cash
We throw the name EQ Bank around here quite frequently as it is our top rated online bank in Canada. And most people have heard of Wealthsimple or know someone who uses one of their many products. So, an EQ vs Wealthsimple matchup of elite savings account options is likely to determine the take the…
Read MoreStocktrades ETF Insights Review
What Is Stocktrades ETF Insights? ETF Insights is a platform that wants to help you cut through the noise, and select the best ETF for your RRSP, TFSA, or other accounts. It’s that simple. Twenty years ago there were only a few Exchange Traded Funds (ETFs) out there to choose from, and they were basically…
Read MoreBest Short Term Investments in Canada 2024
The best short term investments in Canada continue to reward GIC customers, as well as those interested in the new EQ Notice Account. It’s tough to beat a zero-risk guaranteed 3.65%+ return on your cash! Of course GICs aren’t the only safe, short term investment option in Canada. If you can’t stomach putting your money away…
Read MoreRRSP vs IPP for Canadian Business Owners
In my recent articles about paying yourself in salary vs dividends from a CCPC, as well as investing within a Canadian corporation, we explored the tradeoffs involved in trying to optimally manage both your personal and business’s finances. The final step in that journey is deciding whether to set up an Individual Pension Plan (IPP)…
Read MoreMotive Financial Review 2024
What Is Motive Financial? 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 great…
Read MoreScotiabank Review: Chequing, Banking & Credit Card Package
What is Scotiabank? Scotiabank, officially known as the Bank of Nova Scotia, is one of Canada’s Big Five banks. Established in Halifax in 1832, it has grown to be considered as Canada’s most international bank, serving over 25 million customers worldwide. It is one of Canada’s oldest and most trusted banks with a full range…
Read MoreScotia iTRADE Review 2024
What is Scotia iTRADE? In 2008, Scotia iTRADE was launched when Scotiabank acquired E*Trade Canada and promptly rebranded it. This purchase was a smart move as it essentially doubled the online client base of Scotiabank overnight. Scotia iTRADE initially gained popularity among active day traders because of its discounted flat rate commissions for active traders.…
Read MoreBest Canadian Chequing Account 2024
With more and more options available, choosing the best chequing account in Canada isn’t as easy as you might assume. When was the last time you wrote a cheque anyways? You’re probably not pulling out a cheque book at the grocery store or using it to settle monthly bills. I’d reckon you’re paying most bills…
Read MoreSelling a Business to Retire in Canada
I’ve been on a real small business/CCPC kick here at MDJ over the last month, and my end goal was always to get to a place where we could make an informed decision on how to best sell a business before we retire – or create an alternative exit plan for our retirement. But as…
Read MoreBest Online Banks in Canada 2024
Online banking is growing every year, with more and more Canadians turning to online banks as their primary financial platform. Consequently, banks are rapidly evolving to adapt to users’ needs. In response to this trend, we have updated our list of the Best Online Banks in Canada to include everything from promotional offers and interest…
Read MoreInvesting Inside a Corporation for Retirement in Canada
Before you jump into the details of investing inside of a corporation for your retirement, it’s likely worth taking a few minutes to read my articles on paying yourself from your corporation with salary vs dividends, as well as how corporate taxes work in Canada and how to use Horizons Swap ETFs to lower your…
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