Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, summarizes recent financial headlines and provides context for Canadian investors. Steady pipeline profits rarely make headlines Pipeline operators tend to attract attention only when something goes wrong. Yet, Canada’s largest pipeline companies reported another steady quarter of earnings — the kind … Read more

Welcome to “A Rich Life,” a new column by Shaun Maslyk, Certified Financial Planner and Certified Financial Behaviour Specialist, where he explores how financial psychology helps us understand our real-life money stories. You’ve probably heard the familiar advice to “take the emotions out of investing.” But emotions are a natural and essential part of decision-making—financial … Read more

Ask MoneySense I received a lump-sum payment from my ex-husband, as stated in our separation agreement. The agreement states, “this satisfies X’s spousal support obligations towards Y retroactively and going forward. After the payment outlined in this paragraph, there shall be no further spousal support paid.” Do I have to claim this as income? —Heather … Read more

Ask MoneySense My wife passed away, and I heard about the survivor’s pension. Can you tell me more about this benefit and how to receive it?—Kevin What is the CPP Survivor’s Pension? Thank you for your question, Kevin. Losing a spouse or common-law partner is one of life’s most difficult experiences. The Canada Pension Plan … Read more

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, summarizes recent financial headlines and provides context for Canadian investors. Canadian Telecoms Dial Up Their Earnings Results Canada’s major telecommunications companies reported their 2022 results with few surprises: Telus slightly missed expectations, Rogers beat forecasts, and Bell landed roughly where analysts … Read more

Amid the turmoil of rising interest rates, persistent inflation and ongoing geopolitical uncertainty, equity markets have fallen substantially. That sell-off, which began in early 2022, has been especially painful for retirees and those still building retirement savings. Even fixed-income instruments, traditionally seen as a safer alternative, lost value as interest rates rose—reflecting the inverse relationship … Read more

Low risk, predictable returns and competitive interest rates have made guaranteed investment certificates (GICs) a popular choice for both savers and conservative investors. Below is a clear explanation of what GICs are, how they work, how they’re taxed in Canada, and how you can reduce taxes by holding GICs in registered accounts. What are GICs? … Read more

How does my husband request a loan to begin probate costs? Who and where would he turn to? No money is in the bank account, but the deceased does have a house and property, as well outstanding bills.—Bonnie Responsibilities of an executor during probate I assume your husband is named as executor (also called an … Read more

Markets rarely move in a straight line, though a long-term chart of the S&P 500 can give the impression of steady, uninterrupted growth. That appearance masks a great deal of short-term volatility: steep rallies are often followed by sharp pullbacks, and year-to-year performance can swing widely. Yet when assessing returns over decades, it helps to … Read more

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, highlights recent financial headlines and provides context tailored to Canadian investors. Mixed earnings results for Big Tech The latest tech earnings season delivered mixed signals. Some companies surprised investors with cost-cutting plans and upbeat guidance, while others missed expectations for the … Read more