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What role do the most financially secure citizens have in addressing wealth inequality?
MoneySense partners share their answers to questions that we hope will inspire and inform Canadians about their personal finances.
Single seniors group cries foul on tax rules
Advocates says women are disproportionately affected by financial rules.
The best way to bid on a house
As provincial regulators look around for a quick way to squirt some cold water on the sizzling hot housing market, the bidding process — called blind bidding — that encourages aggressive bids is coming under scrutiny.
How advisors can help clients rethinking their retirement
Advisors should focus on helping clients find an equilibrium, says Alim Dhanji, senior financial planner at Assante Financial Management Ltd. in Vancouver.
Women’s Philanthropy & Jewish Foundation – Taking Charge of Your Finances
Following the 70-per-cent income rule could mess up your retirement plans
Some experts say the often-cited figure is no longer reliable.
Why retirees should avoid being frugal with their savings
Investors are told throughout the course of their lives to spend less and save more if they want a comfortable retirement. For some, those frugal habits can be hard to break once they stop working – even if they’ve saved more than they could hope to spend for the rest of their lives.
Is now a good time to buy a cottage? It depends on your ability to carry it over the long term
The average price of a cottage in Ontario leapt to new heights after the COVID-19 pandemic began. With everyone cooped up inside and eager for a getaway, demand rose for recreational properties accessible from Toronto.
How to open an RESP account for your child
The consequences of taxes and beneficiary designations on registered accounts like RRIFs can be confusing—and sometimes this confusion results in estate goals not being carried out as intended.
How to open an RESP account for your child
If you are a parent to a young child and wonder whether you should start planning and saving for their education, you might be curious about a Registered Education Savings Plan (RESP) account. An RESP is an investment account that allows you to save for a child’s post-secondary education. This tax-sheltered account will enable you to save money without paying tax on capital gains, interest or dividend payments.
