If you are retired or approaching retirement, there’s a good chance your principal residence is paid off or close to being paid off. At the same time, many retirees have adult children who are struggling to save a down payment and break into the housing market. Even though home prices have softened since interest rates … Read more

Ask MoneySense I am 59, semi-retired and living in Ontario. My current investments are: $302,000 in a non-registered account (primarily Canadian equities), $133,000 in a TFSA (equities), and $287,000 in an RRSP (equities). I also hold three GICs—1-, 2- and 3-year terms—each worth $25,000 and earning about 4.3%. I have $20,000 in a savings account … Read more

First‑Time Home Buyer Incentive — Editor’s Note Editor’s note: The federal government’s First‑Time Home Buyer Incentive was discontinued in March 2024. The deadline for new and updated submissions to the program was March 21, 2024 (midnight ET). If you were saving to buy your first home, you may have been eligible for the federal First‑Time … Read more

Who is Nicholas Hui? Nicholas Hui is a Certified Financial Planner who transitioned to financial planning after a 20-year career as an automotive engineer. He applies the same structured, analytical methods from engineering to financial advice, focusing on practical, personalized planning for young professionals and growing families. As an advice-only planner, Nicholas provides fee-based guidance … Read more

powered by Ratehub.ca How to use this compound interest calculator To estimate the future value of savings, investments or debt, enter the following details into the compound interest calculator: Initial investment: The starting amount you invest or deposit. For loans or debts, this is the amount you borrow. Additional contributions: Any regular or one-time amounts … Read more

Meet Janet Gray Janet Gray is an advice-only Certified Financial Planner with more than 20 years of experience as a speaker, educator and trusted financial professional. Recognized repeatedly in Canadian media as a reliable expert, Janet has received the “Financial Services Person of the Year” award twice. She focuses on business and retirement planning and … Read more

Sander Meijers is probably more familiar to the apps on your phone than to you personally. With more than 14 years of experience shaping growth partnerships with major platforms such as Spotify, Netflix and Blendle, he brings deep expertise in the technology and payments sectors. Since 2017 he has worked at Adyen, and in August … Read more

Spring is traditionally the busiest season for real estate. Many homeowners list their properties to take advantage of warmer weather and an increase in buyer activity, as people often want to move and settle before the next fall buying season. Sellers frequently hope to be settled in time for the holidays, and buyers typically find … Read more

For equity markets, 2022 was the worst year since the 2008 financial crisis. The S&P 500 fell nearly 20%, while the Dow lost almost 9% over the year. Technology stocks were hit hardest: the tech sector dropped more than 29%, and the NASDAQ — heavily weighted toward tech — plunged about 33%. This year has … Read more

Selling your used items online can be a profitable side hustle or a convenient way to clear clutter. With so many resale platforms available, choosing the right one can be confusing. This guide explains popular resale sites in Canada, what to do before you list an item, which items tend to sell well, how to … Read more