Nearly 60 per cent of Canadians have opened a TFSA since it was introduced. The Tax Free Savings Account is an essential tool in building wealth. As the name infers, it allows one to avoid paying tax on their investment gains. There are a few important things to keep in mind when using a TFSA;

First the 2008 recession, now Covid-19. People in the millennial bracket (born between 1981 and 1996) have struggled with downturns throughout their working career. Home ownership, net worth, and real income are all at low points comparatively to previous generations. The timing of these events have been particularly tough, with 2008 being around the time

Financial plans are made to help prepare individuals for their future. But Canadians who didn’t prepare for financial times stemming from the pandemic are now in for a wake-up call.  There are many areas that you must consider when looking at your future, specifically from a financial point of view. These topics include; real estate,

For individuals, corporations, and trusts, September 30th is the new payment deadline. This is to replace the existing deadlines scattered throughout the month. If payments aren’t made by the 30th, penalties and interest will be owed on 2019 returns.  For more information on this topic, click here.

The idea of a real estate crash is daunting. During the pandemic, there was lots of talk regarding what could happen to the housing prices in Canada. Surprisingly, July shattered the all-time sales record with 62,355 transactions. This is triple the amount seen in April. “A big part of what we’re seeing right now is

The Bloomberg Nanos Canadian Confidence Index, a composite measure of financial health and economic expectations, shows consumer confidence is at the highest point since mid-march. This means it has made up more than four-fifths of its losses from the height of the pandemic. A summary of this week’s survey shows about 29% of respondents saying

Since the pandemic has started, some Canadians have reported the inability to withdraw $50 bills at their local bank. BNN Bloomberg looked into these claims and found some interesting details. Only about 7% of Canadians reported trouble withdrawing cash, but those numbers were primarily from major Canadian cities, including Calgary. This is due to the

After several years of consistent increases, a sudden drop in the willingness for millennials to leave their job has spawned from the COVID-19 pandemic. In 2019, 49% of millennials were willing to leave their job in two years or less, but that number has now dropped to 31%. This shows how millennials, who are typically

With the COVID-19 pandemic making the average household tight on money, Warren Buffet has come out with his tips to surviving financially.   Firstly, Buffet says to take advantage of low interest rates. “This is a very good time to borrow money, which means it may not be such a great time to lend money,

Sustainable investments are growing in popularity. Investors have taken the view that it is their fiduciary responsibility to consider risks associated with climate change, environmental impacts, safety considerations, and legal compliance. Using the considerations known as Environmental, social, and governance (ESG) factors, investors have realized that employing sustainable investment approaches could generate better risk-adjusted returns