Change is the only constant, and that certainly applies to driver’s education. If you attended driving school years ago and are thinking about a refresher or enrolling your children, you may find the experience quite different today. New licensing systems, stricter curriculum requirements and evolving road technology mean that driver’s ed in 2023 looks and … Read more

Whether you are just beginning to save for retirement or are nearing the finish line, a registered retirement savings plan (RRSP) will likely play a key role. This Canadian tax-sheltered account has been central to retirement planning for decades and remains an important tool for managing retirement income and taxes. Even if you already know … Read more

In 2022, inflation shifted from a background worry to a central concern for many investors, particularly those approaching retirement. Central banks have been raising interest rates to rein in inflation, but it may take much of 2023—or longer—before inflation settles back toward the 2% annual target many governments favour. The Bank of Canada has used … Read more

As 2023 begins, many young adults face the prospect of a recession — whether mild or more pronounced remains uncertain. What does an economic downturn mean for Gen Z and those just starting their careers, moving out on their own, or seeking greater financial independence? Here are practical, actionable steps to prepare and protect your … Read more

Your chequing account can quietly shape your daily finances — especially if you choose the right one. Features and fees vary widely between banks and financial institutions, so it pays to compare options before opening a new account or switching. Many Canadian providers offer low- or no-fee accounts, extra services and welcome bonuses that can … Read more

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, highlights the week’s top financial stories and explains what they mean for Canadian investors. Retail struggles continue The latest quarterly reports released ahead of the holiday shopping season show a familiar paradox: many large retailers posted strong sales but also struggled … Read more

Benjamin Franklin famously said “nothing is certain, except death and taxes.” While death is inevitable, how much tax each Canadian pays depends on individual circumstances. Not everyone owes tax — it varies by income and deductions. For the purposes of this article, a better way to put it might be: “Nothing is certain, except death … Read more

Alyssa Davies approaches money with empathy and practicality. Although she encourages people to track their spending, she believes financial success is driven more by emotions and habits than by complex math. On her award-winning blog, Mixed Up Money, she writes about shifting away from prescriptive advice that can create shame and guilt, and toward strategies … Read more

Introducing “A Rich Life,” a new column by Shaun Maslyk, Certified Financial Planner and Certified Financial Behaviour Specialist, that explores how financial psychology can help us understand our real-life money stories. Money. Money. Money… Pause for a moment and notice what you feel when you read the word “money.” That immediate reaction reveals a lot … Read more

Would Canadians have access to different account types such as GICs and self-directed investing when it comes to the new tax-free first home savings account, which is rumoured to be introduced this year? It seems this would only make sense as it’s the case with other tax-sheltered accounts (i.e. TFSA, RRSP and RESP accounts). —Rohan … Read more