Spousal RRSPs in Canada

spousal rrsp canada

You likely already know that investing in an RRSP is one of the best, most tax efficient ways to save for retirement. The good news is that if you or your common-law partner or spouse have unequal incomes, you can open and contribute to a spousal RRSP account.  In doing so, you can maximize the…

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High Net Worth Investing In Canada 2023

high net worth investing

Who are High Net Worth Individuals? We know a person or household’s net worth is just the difference between assets and liabilities.  So a high net worth individual just refers to a person with substantially more assets than liabilities right? Almost. A High Net Worth Individual (HNWI) is a specific label that financial institutions use…

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Investing in Commodities in Canada 2023

commodity investing canada

So you’re ready to make the leap from a passive all-in-one ETF and speculate a bit by looking into investing in Canadian commodities? With the world facing inflation numbers that seem to increase daily, as well as a war in Ukraine that threatens the output of two of the world’s biggest commodity producers, investing in…

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Best Penny Stocks Canada 2023

canadian penny stocks

When our MDJ editorial team were drafting new ideas to write about in 2023, the idea of Canada’s best penny stocks drew plenty of emailed groans. Afterall, we’re a group that highly prioritizes long term buy-and-hold investing solutions such as all-in-one ETFs, Canadian robo advisors, and Canada’s best dividend stocks. That said, our inbox consistently…

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Best Bank Account for Seniors in Canada

Seniors Bank Account

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…

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Quick Tip: Questrade Currency Settlement

Questrade Currency

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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