If your partner were to die tomorrow, how confident would you feel about handling your finances alone? A survey commissioned by my company, Willful, and Angus Reid found that among Canadians in married or common-law relationships, women are far more worried than men about being left with financial problems: 60% of women versus 44% of … Read more

When it comes to money and personal finance, women still face systemic disadvantages—and many are understandably fed up. The five books reviewed here are aimed at shifting that balance by giving women practical tools to build, protect and grow their wealth. Whether you’re coping with job loss, debt, divorce, parenthood or global disruption, these clear, … Read more

Ask MoneySense I carry a lot of credit card debt and haven’t made a dent in my mortgage. I’m in my 60s, and I’m starting to think about next steps for my family. After I die, will my family inherit my debt?—Terry Thank you for your question, Terry. Worrying about how outstanding loans will affect … Read more

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, summarizes the latest financial headlines and explains what they mean for Canadian investors. Canadian banks absorb higher costs and collect a recovery dividend Canadian banks are facing a number of pressures right now. Interest-rate uncertainty is slowing economic activity and prompting … Read more

There is a piece of financial advice repeated so often because it works: pay yourself first. If you wait until the end of the month to save whatever remains, too often there will be nothing left. Prioritizing savings at the start of each pay period makes it far more likely you’ll reach your financial goals. … Read more

Q. I just transferred 200 shares of an ETF from my margin account to my TFSA at a loss. Can I claim the loss, or does it fall under the 30-day rule? – Stavros A. You can transfer investments such as stocks, exchange-traded funds (ETFs) and mutual funds “in kind” between accounts, which means the … Read more

Does your child have a registered education savings plan (RESP)? It’s one of the most effective ways for families to save for post-secondary education. Contributions grow tax-free inside the plan, and the government adds grants that can total up to $7,200 over the life of the plan, rewarding regular saving. Most parents want their children … Read more

I’ve got approximately $500,000 in non-registered investments. My TFSA is maxed out at $88,000. I’m planning on making yearly withdrawals from my TFSA in the amount of 4% of my non-registered capital from age 65. This works out to $18,000 withdrawals from my TFSA account. Replacement of this amount from the non-registered account each year … Read more

What should you do with your RRIF right now? With frequent talk of a recession and ongoing market volatility, many investors who manage their own registered retirement income fund (RRIF) may be wondering how to protect their portfolios while still meeting required annual withdrawals and personal spending needs. For individuals who already have a portfolio … Read more

When planning a family in Canada, the cost and availability of childcare are major concerns for many parents. Demand for child care has risen over recent decades, and fees have followed suit. Canada’s national child care initiative, the Canada-wide Early Learning and Child Care (CWELCC) system, is designed to make childcare more affordable, with a … Read more