My husband and I have a modest portfolio of just under $700,000—no company pension. My husband is 79, and I am 66. We have only taken the minimum out of our RRIFs—my husband’s amount has always been based on my age. Over the past few years we haven’t had to pay taxes, as I am … Read more

I would like to leave my grandchildren, aged two and four, money from my estate. But more importantly, I would like to leave my home to my grandchildren, valued at over $1 million. What is the best way to do that? —Suniel Can a minor own real estate?—and more estate questions Thanks for writing in, … Read more

I am wondering about the minimum RRIF withdrawal calculation. We are wondering if it would be beneficial to use the younger spouse’s age to result in a lower annual combined income. Can you explain the reasoning behind this?—Bernie When can you convert an RRSP to a RRIF? Registered Retirement Savings Plans (RRSPs) are tax-deferred accounts … Read more

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, reviews the week’s financial headlines and puts the news into context for Canadian investors. Don’t call Shopify a comeback—it’s been here for years The U.S. Federal Reserve raised interest rates on November 2 by 0.75%, bringing the target range to 3.75%–4%—the … Read more

Vasek Pospisil began treating tennis like a full-time pursuit at the age of six and has since pursued excellence on and off the court. He has competed at the Olympics, Wimbledon, the U.S. Open and at the Tel Aviv Open, where he faced Novak Djokovic in a high-profile quarter-final. You can watch him play in … Read more

How do stablecoins work—and why invest in them if they’re always worth $1?–Serena Stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to a reserve asset, most commonly a fiat currency such as the U.S. dollar. While popular crypto assets like Bitcoin and Ethereum fluctuate widely, stablecoins aim to provide the stability … Read more

“Stick to a budget” is common advice when you want to save money, but not everyone wants to follow a strict spreadsheet. You can still make meaningful progress by reviewing everyday financial choices. Small adjustments to how you bank, pay bills and use credit cards can free up cash, reduce fees and earn rewards without … Read more

Over the past two and a half years, the ups and downs of the pandemic have reshaped almost every part of daily life — including household finances. Many Canadian families moved from intense saving during lockdown to enthusiastic spending once restrictions eased. Travel resumed, weddings and celebrations returned, and dining out and social activities picked … Read more

Like many investors, I’ve noticed recent reports that roughly $10 billion moved out of chequing, savings and mutual funds into guaranteed investment certificates (GICs) during the third fiscal quarter. Bond yields have also risen substantially. Even so, I still believe the central idea behind the investing acronym TINA — “There is no alternative” to investing … Read more

If you joined Scene+ years ago for free movie tickets, you’ll be pleased to learn the program has evolved well beyond cinema perks. Scene+ now covers entertainment plus travel, dining, groceries and everyday shopping. Below is a clear guide to the program’s main features, how to earn points and practical tips to get the most … Read more