The cost of Christmas Past

Reading Time: < 1 min Christmas is just under two weeks away, and you’re probably making sure you’ve got everything ready. As we all know, Christmas isn’t cheap, and represents huge cost for many people, with presents, food, parties and guests dominating the month’s spending. And, just like every other month, you also have to…

Win Vaso glass straws worth £60

Reading Time: 2 mins Save the world and looks great doing it with this prize. The Prize VASO are giving away a prize bundle of their premium glass straws. The prize bundle includes a 4 pack of each of their 15cm, 20cm and 23cm length straws, plus a carry case of each size. The straws…

“We had our kids late—will we ever be able to retire?”

Natasha Hall was 40 years old when she became a parent. The broadcaster and radio host, who had been in a long-term, committed relationship, figured it was now or never. “I always knew I wanted to be a mom but I couldn’t quite get my act together to settle down properly, and my guy was…

Is now the right time to invest in weed?

If there’s one group of people who can’t wait for 2019 to end, it’s cannabis investors. The ride they’ve been taken on over the last 12 months has been as nausea-inducing as any Canada Wonderland roller coaster, with stocks plummeting post-legalization in October 2018, rising again in March 2019 and then dropping with a thud…

How much should you give to charity?

Q. Can you share any thoughts on what is an appropriate amount to give to charities annually? I have often heard it expressed in terms of a percentage of household income. Also, are there any tax credits for charitable giving that, as a middle-income Canadian family with household income of $150,000 annually (evenly split between…

How to recover financially from divorce

Right off the top, it’s important to acknowledge that there are no secret strategies for magically avoiding the financial impact of divorce. Divorce is difficult. You may lose half of your assets—or more—during the process of equalization. You may have ongoing spousal support or child support obligations to an ex-spouse. There can be differences from…

The gift of not giving

It’s been five years since my wife, Jen, and I have given each other a Christmas present.  The last time, we had only been dating for five months, and we experienced the usual stress of gift buying, but turned way up by the stress to impress since our relationship was still new. I shopped a…

Can you have too much invested inside an RRSP?

While not quite up there with outliving your money, for many seniors the idea of dying with too large an RRSP (Registered Retirement Savings Plan) or RRIF (Registered Retirement Income Fund) rankles. Handing over nearly half your nest egg to Ottawa after a lifetime of tax-deferred saving seems to many a case of adding insult…

Questrade vs. Wealthsimple: which online investing service is right for you?

If you’ve decided to try out online investing and have narrowed down your choices to Wealthsimple and Questrade—congratulations! Both are solid Canadian options that can help you grow your money and achieve your investment goals. But choosing between the two can be tricky. While the two financial services providers have very similar options, they aren’t…

What to look for in a kids’ bank account

When your child is ready to graduate from piggy bank to real bank, you’ll want to look for an account that doesn’t eat into those initial deposits of loonies, toonies and birthday money with a bunch of bewildering fees. There are many options for your young saver that allow them to watch their money grow,…

Planning for an inheritance

My mother passed away three days after her 66th birthday, leaving me with an inheritance I never expected. Until two years ago, I assumed she would live into her 80s. But she had a terminal illness that progressed significantly in the final months of her life. Her care costs were minimal. We had great support…