The year 2022 has been turbulent for cryptocurrency markets. Large and sustained price declines have pushed the crypto market value below $1 trillion, a sharp retreat from the roughly $3 trillion peak of November 2021. With most values quoted in U.S. dollars, investors have faced steep losses across many digital assets. Compounding price declines, cyber-theft … Read more

I’m in my early 60s and planning to retire soon. Does it make sense to include a small amount of crypto in my investment portfolio?—Alex  Is crypto a safe investment for retirement savings? This is a nuanced question, Alex. Only a qualified financial advisor who understands your full financial picture can say whether cryptocurrency belongs … Read more

We humans are wired for generosity: giving often brings us joy and satisfaction. What is less automatic is pausing to consider the practical consequences—both positive and negative—before gifting cash, investments or property to family members or donating to charities. Below is a clear overview of key tax, legal and practical considerations to help you give … Read more

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, outlines this week’s financial headlines and provides context for Canadian investors. Are we nearing the end of BoC interest rate increases? The dominant story for Canadian markets this week was the Bank of Canada’s decision to raise its policy rate by … Read more

Unfortunately, my wife passed away a couple of weeks ago. When I set up both her TFSA and my TFSA account on an online brokerage account, I did not name her or me as the successor or beneficiary to each other’s account. Our wills made each other the executor and beneficiary of 100% of everything. … Read more

In my experience, most people name their children as the primary beneficiaries of their estate. However, you can also designate other recipients—extended family, friends, or charities—to receive a dollar amount, a particular asset, or a percentage of your estate. Naming grandchildren as beneficiaries is a common choice, but it comes with specific legal, tax and … Read more

You may not have thought about selling your clothes before, but the pandemic has made many of us open our closets and think, “I have nowhere to wear this,” instead of “I have nothing to wear.” With lockdowns and hybrid work routines, having a huge wardrobe often no longer makes sense. Now is the moment … Read more

Can we gift cash to our children tax-free? What is the limit on this? And secondly, can we gift property (our home and an investment condo) to our children tax-free? Please let us know.— Ray and Sabina Hi, Ray and Sabina. In Canada, the straightforward answer is that you can generally give cash to your … Read more

The global cryptocurrency market is in the midst of a sell-off — Bitcoin, for instance, has fallen roughly 70% from its November 2021 peak. For long-term, opportunistic investors and newcomers looking to explore crypto, this downturn can be a chance to study emerging platforms that have been overshadowed by major players like Ethereum, the second-largest … Read more

Winter Break, March Break or Spring Break—no matter what you call it, many people are eager to get away when schools close. Timing varies by province, but whether you leave in early March or later in the month, there are plenty of affordable, family-friendly options. Below are four value-minded destinations that offer culture, sunshine, outdoor … Read more