Archive for February 2025
Questrade vs Wealthsimple – Which is Better in 2025?
It’s no surprise that a lot of Canadian DIY investors eventually find themselves comparing Wealthsimple vs. Questrade. These two fintech giants have made quite the splash in recent years, largely thanks to their clever marketing campaigns and a laser focus on low fees. By shining a spotlight on how much Canadians are paying at the…
Read MoreBest Investments for a Canadian Recession
Over the last couple of weeks I’ve been getting a ton of emails and comments asking about the best stocks for a recession or how to prepare an investment portfolio for a recession. The truth is that it’s a bit of a bad-news, good-news story. The good news is that it’s probably not as bad…
Read MoreBMO Investorline Review 2025
Is BMO Investorline Safe and Trusted? In a word, YES. As one of Canada’s oldest and most trusted companies (founded in 1817) the Bank of Montreal is as safe, trusted, and legit as you can get. InvestorLine has been around longer than the internet – BMO introduced self-directed trading way back in 1988 before moving…
Read MoreQtrade Promo Code 2025
The recent 2025 Qtrade Promo Offer Code is one of the main reasons we have them at the top of Best Canadian Online Broker rankings. Every year the DIY brokerages put their best foot forward during the first few months of the year because they know it’s when Canadians pay the most attention to their…
Read MoreSecond Citizenship, Offshore Investing & Expat Money Strategies for High Net Worth Canadians
For high-net-worth Canadians, the idea of obtaining a second passport isn’t just about escaping winter or avoiding long immigration lines, it’s about financial flexibility, risk management, and strategic wealth preservation. Reasonable people can argue over the proper taxation level for various income and wealth levels in society, but the reality on the ground is that…
Read MoreBest Canadian Dividend Stocks – February 2025
Picking the best Canadian Dividend Stocks for 2025 isn’t an easy task! After such a stellar year in North American equities in 2025, there is much more room to move down than up. That said, my dividend stocks portfolio is all about long-term cash-flowing companies with large financial moats to protect them. Each month I…
Read MoreDesjardins Review (2025 Update – Free ETFs + Stock Trading)
What is Desjardins Online Broker? When it comes to Canadian online brokers, Desjardins Online Brokerage isn’t typically one of the first names that comes to mind. That being said, in the spirit of providing a full selection of broker reviews, our MDJ editorial team looked under the hood of one of Canada’s original discount brokerages.…
Read MoreBest Canadian High Interest Savings Accounts
With GIC rates shrinking as quickly as Canada’s economic prospects, finding the best Canadian high interest savings account in 2025 is more important than ever. The combination of best interest rates, flexible payment options, and no-fees or transactions is what separates our favourite savings accounts from the rest of the pack. A quick reminder that…
Read MoreBest USD Bank Accounts in Canada
Picking the best USD bank account in Canada can save you hundreds of dollars in unnecessary fees – while giving you more control over exchange rate timing. While I’m not exactly thrilled about the idea of supporting the US economy at the moment (written in February 2025 – hopefully cooler heads will ultimately prevail), having…
Read MoreWealthsimple Review 2025
What is Wealthsimple? Wealthsimple was founded back in 2014 by Michael Katchen, Brett Huneycutt and Rudy Adler. I gotta say that I really liked the company more in its first few years than in its current iteration. For the first five years of its existence, Wealthsimple was solely focused on the product that is now…
Read MoreQuestrade vs Qtrade in 2025
When I first launched Million Dollar Journey in 2006 and started writing about Canadian online brokers, the Qtrade vs. Questrade rivalry was already heating up. Fast forward nearly two decades, and not only has the rivalry intensified, but these two platforms have also solidified their positions as the leaders of Canada’s brokerage scene (leaving the…
Read MoreWithdrawing From RRSP/TFSA to Fund Early Retirement
Moving from the accumulation stage of my professional career, to withdrawing investments in early retirement was more difficult than I would have predicted a few years ago. For those who haven’t been following me since I started writing Million Dollar Journey back in 2005, I have slowly-but-surely detailed my rise from a very average net…
Read MoreBest Online Banks in Canada 2025
Online banks in Canada are growing at an unprecedented pace, with more people than ever making the switch to digital-first financial platforms. In fact, 78% of Canadians now handle most of their banking online according tot he Canadian Bankers Association. As a result, the best Canadian banks – both traditional and digital-only – are evolving…
Read MoreEQ Bank Review 2025
EQ Bank Account Options and Interest Rates Account Type Interest Rate Best For Daily High Interest Account 1.75%* (Plus 1.75% if you direct deposit your pay) People who want the highest consistent interest rate in Canada + free e-transfers + super cheap international money conversion + FREE BANKING + USD Accounts for Canadians EQ GICs…
Read MoreThe U.S – Canada Trade War: Do I Need to Panic?!
When it comes to Trump tariffs and their effects on Canada, I need to be upfront with the fact that I have a difficult time being objective on this issue. As someone who grew up in a small border town, and has friends and family on both sides of the Canadian and American border, this…
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