Archive for November 2024
Tax-Loss Harvesting in Canada
Tax-loss harvesting helps Canadians minimize the taxes that they pay on investment gains made outside of their RRSP and TFSA. What Canadian doesn’t want to save money on taxes Am-I-Right?! That said, getting the details correct is important, as there are a few trip wires that can ruin your overall plan, and have you leaping…
Read MoreCI Direct Investing Review 2025 (Formerly WealthBar)
What is CI Direct Investing and Is It a Robo Advisor? CI Direct Investing is a combination of an automated investing platform and a personal accessible financial advisors. When it comes to taking a piece of your monthly pay cheque and turning it into a diversified investment portfolio – CI Direct Investing does that for…
Read MoreEQ Bank vs Simplii Financial
EQ Bank is one of our most frequently recommended banks; we’ve even granted it first place in our list of top-rated Canadian online banks. Simplii Financial, an online-only branch of CIBC, is another low-fee contender for Canadians looking for a place to stow and grow their money. Both banks offer a multitude of account options:…
Read MoreQtrade Promo Code 2025
Part of the rest we currently have them ranked #1 on our Best Canadian Online Brokerages List is the new 2025 Qtrade Promo Code. In nearly twenty years of writing about Canadian brokers, this is simply the best promo offer for beginning investors in Canada (or those that want to try a new account to…
Read MoreLife Insurance for Seniors in Canada
Is permanent life insurance a good investment for Canadian retirees? Is whole life insurance the secret to building “infinite banking wealth” as I keep seeing on Facebook? What does term-to-100 mean anyway? Why is everyone trying to sell life insurance to older Canadians anyway??!! As hundreds of students have taken my course on how to…
Read Morebitcoin in Canada 2025: Should I Buy bitcoin?
We’ve had hundreds of Canadians email us or comment, “Should I buy Bitcoin?” throughout the latter part of 2020 and the beginning of 2021, and then over time it sort of dwindled out. The most recent hike in price, bolstered by American old-new President Trump, has sent Bitcoin’s price to more than $120,000, and has…
Read MoreTrump, Tariffs, and the Canadian Economy
Here we go again… the Trump economy rollercoaster is full speed ahead. Many Canadians are anxiously glancing at their portfolios and trying to parse the ramblings coming from Trump world in order figure out what it all means for their investments. Before we get too deep into the specifics, I wanted to point out that…
Read MoreQtrade Guided Portfolios Review
What is Qtrade Guided Portfolios? (Formerly VirtualWealth) Qtrade Guided Portfolios is the new robo advisor put out by our #1 rated online brokerage company Qtrade. Much like other robo advisors, the Qtrade Guided Portfolios mission is to: Furthermore, one of Qtrade Guided Portfolios’ mission claims is “To build investor confidence”. Personally, I found them to…
Read MoreCanada Personal Pensions: Defined Benefit vs Defined Contribution Plans
Two of our most well-read articles here on MDJ cover the “government pension” that consists of CPP and OAS. In order to give the most accurate view of the pension landscape in Canada, I thought I’d take a look at defined benefit pensions plans and defined contribution plans as well. Both defined benefit (DB) and…
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