Posts by Yang
Instantly Minimize Charges and Bank Fees in Canada
No one likes to pay fees – but when it comes to the incredibly high bank fees in Canada, it becomes even more important to take action. Here are some quick and easy ways we can minimize our charges and bank fees or eliminate them altogether. Best No-Fee Bank Account in Canada The simplest way…
Read MoreBest Strategies to Hedge Against Stock Market Downfall
Having a stock hedging strategy is like having insurance… sort of. In general, it’s good to have a way to minimize damage when things go wrong. In a best-case scenario, that’s what hedging against stock market crashes does. The Risks And Downsides of Hedging Strategies When formulating a hedging strategy, it is good to clarify…
Read MoreBest Youth Bank Accounts in Canada
Determining the best youth bank account in Canada is serious business! Afterall, what’s a parent’s job but to create the conditions for a fulfilling life for his or her progeny? To do that job well and help their children survive and thrive in the world, parents must pass on critical life skills. Money management is…
Read MoreSpousal RRSP, What is it? How does it work?
Marriage, in many ways, represents a union of two people as a single unit. But under the Canadian tax system, those two people are still treated as individuals. Each individual is taxed progressively based on his or her own income. The higher income earner pays a higher tax rate than the lower income earner. This…
Read MoreBest Student Bank Account in Canada
You’re rushing to your 8am lecture with a hastily toasted bagel dangling from your teeth. Your half combed mane flaps through the air as you sprint across campus. You have two assignment deadlines and a few impending midterms on your mind, there is no time to think about your finances. You have tuition to pay,…
Read MoreBest Bank Account for Seniors in Canada
So, you’ve endured 60 years of ups and downs, booms and busts, triumphs and challenges, now it’s time to kick up your feet, relax, and enjoy your retirement. You want a simple bank account to handle your day-to-day banking, but there are so many choices out there. Which should you choose? Which is the best…
Read MoreCanadian Stock Market vs U.S. Stock Market
We Canadians might like to argue with our U.S. neighbours about who makes better beer or who plays better hockey but ultimately, we recognize that we are very similar to our American friends. Both Canada and the U.S. are wealthy developed countries with stable governments, trustworthy financial systems, and reliable civil infrastructure. That is, we…
Read MoreQuick Tip: Questrade Currency Settlement
I’ve made a lot of mistakes along my personal finance journey. Let me tell you about one of these mistakes. Rhymes with “nasal” The year is 2010, I was fresh out of university and was embarking on this thing called a career. I needed to figure out what to do with pay cheques showing up…
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