What is a LIRA

What is a LIRA

In the past generations, it was the norm to get a job and stick with the same employer for a lifetime, only leaving the organization on retirement. The objective was not to look for exciting roles but a stable career that guaranteed a comfortable life after retirement through a decent pension. People didn’t switch jobs …

Best Robo Advisor Canada

Best Robo Advisor Canada

No, we aren’t talking about Will Smith’s next robots-are-the-best-things-to-happen-to-mankind-but-suddenly-turn-evil movie when we say “robo-advisors”. What we are talking about is probably one of the most significant revolutions in the financial world! Gone are the days when you could just put your money into a traditional savings account and patiently wait for returns. The cost of …

TFSA VS RRSP

TFSA VS RRSP

If you’re thinking about which account is the better option for your savings, chances are that you probably went through the TFSA vs RRSP debate quite a few times! If you’re still wondering which one to choose, you’ve come to the right place. Today, we take you through the differences between TFSAs and RRSPs and …

Old Age Pension Canada

Old Age Pension Canada

Growing old is never easy. There are several hardships involved and numerous readjustments required to be able to grow old comfortably. But if you are a resident of a country where the government does its bit to take care of you in your old age, the process becomes a lot easier. Canada is one such …

Best Online Broker Canada

Best Online Broker Canada

Stock markets are a great place to invest a portion of your capital if you want to see a quick turnover. Now, there is a general image of the stock market that is being created: “It is too risky.” “It is too complicated.” “You need to have specialized knowledge of finance and economics to step …

CPP Payments

CPP Payments

People who work in Canada (outside Quebec, which has its own pension plan), contribute to CPP, or Canada Pension Plan, a public retirement scheme that helps a person who is retiring, as a monthly benefit. The plan was introduced in 1966 for providing Canadians with an income after they retire. In 2017-2018, the contributions to …

Motive Financial Review

Motive Financial Review

In today’s world, with a multitude of options available for everything, the service sector has become extremely complex. Banking is no exception to this. The rapid rate at which financial transactions have grown and mutated has put an inordinate amount of pressure on the banks to keep up with current times. Physical money does not …

BMO SmartFolio Review

BMO SmartFolio Review

In previous decades, managing investment portfolios could only be done by meeting banking representatives or being one’s own portfolio manager. The former was expensive while the latter came with a lack of professional advice. Additionally, the type of financial instruments that one could invest in was mostly restricted to mutual funds. Today, the financial world …

How to Make Money Online

How to Make Money Online

ABBA got it exactly right with “money, money, money, always sunny”. Who wouldn’t want to earn a little extra, right? A little extra income never hurt anyone (unless, of course, you share Jordan Belfort’s definition of “little” and that didn’t work out too well for him now, did it? The point being, greed is one …