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
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