Category Personal Finance

Should I Rent or Own a House? – Part 1

Homeownership has long been one of the top goals for many Canadians. We have all been told by parents and grandparents that homeownership trumps renting anyday. The phrase, “Why pay someone else rent when you can put money towards owning your house?” has long been the standing advice passed down generation to generation. Sounds like […]

What is a Segregated Fund?

In the past 20 years, we have seen a lot of change in the finance industry with the creation of new financial products that try and meet the demanding needs of savers, retirees, and families.  New products were created largely due to the fact that many mutual fund managers have not been able to consistently […]

What is an RESP?

Post-secondary education has now become a standard for most students graduating from high school. Further education can lead to great opportunities and good quality jobs (if you choose a field that is in demand).  But the cost of attending post-secondary has grown at a rate greater than inflation and is leaving many students with large […]

A Simplified Explanation of the Canadian Income Tax System

You’ve made it through another tax season!  You probably made it through alive and hopefully came out a little richer (or possibly a little poorer if you had to pay the CRA). Those beginning months of the year leading up to tax season can be very stressful.  Most just want to get through it and […]

What’s the Difference between a Mutual Fund and an ETF?

There is a good chance that you have heard about Mutual Funds.  They have been around for some time and probably make up a good chunk of your parents’ RRSPs or RRIFs if they have any. Mutual Funds come in many different shapes and sizes.  The vast majority try to utilize the skills of a […]