A new study examines the trends and consequences of cashing out retirement savings when American workers change jobs. The paper, “Cashing Out Retirement Savings at Job Separation,” co-authored by Yanwen Wang of the University of British Columbia’s Sauder School of Business, offers technical analysis and is summarized in a more accessible piece in the Harvard … Read more

What does it really mean to live a rich life? Is it simply about accumulating assets, owning expensive things and maintaining a lavish lifestyle? Or is richness measured by something deeper than dollars and possessions? In my “A Rich Life” column for MoneySense, I consider what a truly rich life looks like — one that … Read more

Ask MoneySense Are management fees within a mutual fund in a non-registered account deductible as carrying charges on my tax return? —John Tax treatment of mutual fund fees The Canada Revenue Agency (CRA) permits taxpayers to claim certain carrying charges, interest expenses and other investment-related costs as deductions on line 22100 of their tax returns. … Read more

We have some exciting news: MoneySense has been refreshed with a clean, updated design. While the visual presentation and navigation have been improved, our mission remains unchanged—we still deliver high-quality personal finance content for Canadians, produced by certified professionals and experienced journalists. Why the update? Our primary goal is to make it easier for you … Read more

This week, Cut the Crap Investing founder Dale Roberts summarizes the latest financial headlines and explains what they mean for Canadian investors. We’re moving in slow motion With regular columnist Kyle Prevost away for a few weeks, I’m stepping in to review recent market developments and offer context for Canadian investors. Let’s begin with inflation … Read more

National Ranking Halifax Regional Municipality, N.S. Durham Region, Ont. Toronto, Ont. York Region, Ont. Peel Region, Ont. Halton Region, Ont. Edmonton, Alta. Calgary, Alta. Langley, Pitt Meadows and Maple Ridge, B.C. The Tri-Cities, B.C. Burnaby, New Westminster and Richmond, B.C. Vancouver, B.C. North Shore, B.C. After two years of rapid price increases, Canada’s housing market … Read more

National Ranking Halifax Regional Municipality, N.S. Durham Region, Ont. Toronto, Ont. York Region, Ont. Peel Region, Ont. Halton Region, Ont. Edmonton, Alta. Calgary, Alta. Langley, Pitt Meadows and Maple Ridge, B.C. The Tri-Cities, B.C. Burnaby, New Westminster and Richmond, B.C. Vancouver, B.C. North Shore, B.C. Aerial view of Mississauga, Ont. Photo by Robert Linsdell from … Read more

National Ranking Halifax Regional Municipality, N.S. Durham Region, Ont. Toronto, Ont. York Region, Ont. Peel Region, Ont. Halton Region, Ont. Edmonton, Alta. Calgary, Alta. Langley, Pitt Meadows and Maple Ridge, B.C. The Tri-Cities, B.C. Burnaby, New Westminster and Richmond, B.C. Vancouver, B.C. North Shore, B.C. The Markham Village Heritage Conservation District in Markham, Ont. Photo … Read more

National Ranking Halifax Regional Municipality, N.S. Durham Region, Ont. Toronto, Ont. York Region, Ont. Peel Region, Ont. Halton Region, Ont. Edmonton, Alta. Calgary, Alta. Langley, Pitt Meadows and Maple Ridge, B.C. The Tri-Cities, B.C. Burnaby, New Westminster and Richmond, B.C. Vancouver, B.C. North Shore, B.C. A field in Pickering, Ont. Photo by Magnolia677 from Wikimedia … Read more

National Ranking Halifax Regional Municipality, N.S. Durham Region, Ont. Toronto, Ont. York Region, Ont. Peel Region, Ont. Halton Region, Ont. Edmonton, Alta. Calgary, Alta. Langley, Pitt Meadows and Maple Ridge, B.C. The Tri-Cities, B.C. Burnaby, New Westminster and Richmond, B.C. Vancouver, B.C. North Shore, B.C. View of the waterfront in Burlington, Ont. Photo by Eric … Read more