If you’ve watched Bollywed, you’ll recognize the vibrant mix of South Asian culture, fashion and entrepreneurship shown through the Singh family. The series follows father Kuki Singh and son Chandan Singh as they run Chandan Fashion, a bridal boutique in Toronto’s Little India, while navigating family dynamics, generational differences and the realities of running a … Read more

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, highlights the week’s financial headlines and explains what they mean for Canadian investors. Have we reached peak interest rates? On Wednesday the Bank of Canada raised its policy rate by 25 basis points to 4.5%. The increase was widely expected and … Read more

How do you make decisions you won’t regret when everything around you feels unstable? Use a clear, repeatable approach I call the Decision Crisis Playbook. The Decision Crisis Playbook A decision crisis happens when you must make major choices during a difficult period, but your basic needs—food, shelter and personal safety—are still met. The pressure … Read more

If Kerry K. Taylor looks familiar, you’ve probably seen her on television offering clear, practical personal finance tips on programs such as CBC’s The National and CTV’s Your Morning. A seasoned financial journalist who has contributed to publications like the Globe and Mail and the Toronto Star, Kerry is the founder and voice behind Squawkfox.com, … Read more

Wow — I just finished Joe Wiggins’ book, The Intelligent Fund Investor (Harriman House, November 2022). It’s a clear, evidence-based guide to fund investing that I’d recommend to both DIY and professional investors. The writing is concise, the arguments are practical, and I read every chapter straight through—something I don’t always do with investment books. … Read more

If I am willed a house and prefer to sell my primary residence to move into the inherited house, do I pay capital gains tax on the sale of my house? Is it better to be on title of the house I will inherit, even though I own another house, or leave it as an … Read more

I’m 62. Where would you advise that I invest $50,000 for retirement and savings?—Ty Where to invest a large sum when you’re in or nearing retirement Congratulations on having $50,000 to put to work, Ty. Since you didn’t provide details about how you obtained the money or your broader financial picture, I’ll outline the key … Read more

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