Founder, philanthropist and Dragons’ Den star Wes Hall emigrated from rural Jamaica to Canada as a teenager. The night he arrived he resolved to succeed, and despite the obstacles of moving to a new country, he kept that promise. His journey — from working in a mailroom to founding investment firms and leading anti-racism initiatives … Read more

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, breaks down this week’s financial headlines and explains what they mean for Canadian investors. Groceries and electricity profits shine for investors—not so much for consumers Several Canadian blue‑chip companies released quarterly results this week, producing a mixed bag for investors and … Read more

Retired Money highlights Many Canadians say they expect to need about $1.7 million to retire, according to a BMO poll How someone could save $1.7 million inside RRSPs over a working lifetime Other factors that affect how much retirement savings you actually need If you’re beginning the long process of saving for retirement, you may … Read more

Ask MoneySense I have $119,000 room allowed in my RRSP and $81,000 room in my TFSA. I am 47, live in B.C., currently not earning income as a caregiver for a parent. I have a business with a registered GST number to claim income now or in the future. But for my question, let’s assume … Read more

Ask MoneySense We’re often told to have a valid will, but what if you have no close family or the people you would name live overseas? To our surprise, several large Canadian banks provide executor and power of attorney (POA) services, though these offerings are not always easy to find on their websites. We spoke … 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. 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