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 2026 (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 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 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 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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