The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
Having a financial plan more than doubles your retirement confidence—here’s why so many Canadians are skipping it + MORE Oct 9th
A new KPMG survey reveals that eight in 10 Canadians with a professional financial plan feel confident they can retire at their desired age. Among those without one? Just 36%.
That’s a massive gap—and it’s widening at a time when more Canadians are rethinking their financial strateg.... More »
Open bidding in Ontario: Game-changer or business as usual? Aug 22nd
If you’ve ever bought or sold a house, you may have experienced a bidding war. And how you felt about it likely depends on which side of the transaction you were on. A bidding war can increase the sale price of a property by encouraging buyers to start with their strongest offer and even spend mor.... More »
Making sense of the markets this week: May 7, 2023 May 5th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
A big thanks to Diamond Hands Dale Roberts for so ably stepping in to cover the big market news over the last couple of weeks!
Powe.... More »
Immigrants face financial, emotional ruin as plans to resettle in Canada are clipped by COVID-19 - CBC.ca Dec 20th
Immigrants face financial, emotional ruin as plans to resettle in Canada are clipped by COVID-19 CBC.ca.... More »
Crypto marketing: What can be said—and not said—in Canada? + MORE Dec 14th
I saw an ad saying there’s no risk in trading bitcoin. How can they say that?—Abbas
Good question. Crypto companies try to entice new customers with flashy marketing. Sometimes, the offers sound far too good to be true, promising outsized returns or low to no investment risk.
Here’.... More »
When it comes to self-improvement, most of us have a hard time with follow-through—and whether you stuck to your Keto diet or not, there are likely items on your financial to-do list that just never get crossed off. One of the easy actions to delay is creating a will. After all, no one wants to think about their own mortality and, unfortunately, a legal will is one of those things that becomes crucial only after you’re gone.
More than half of Canadian adults—57%—don’t have a will. And of those who do, many are out of date because life events like marriage, divorce or the arrival of children haven’t been factored in. If you pass away without a will (what the courts call “intestate”), it doesn’t mean the government can take your money—that’s a common myth. It does mean they get to decide how your assets will be distributed, and you may not have say over who takes care of your children.
So, just like every responsible adult needs life insurance, retirement savings and an exercise routine (thanks a lot, slowing metabolism), creating a will is a key “adulting” milestone…
More than half of Canadian adults—57%—don’t have a will. And of those who do, many are out of date because life events like marriage, divorce or the arrival of children haven’t been factored in. If you pass away without a will (what the courts call “intestate”), it doesn’t mean the government can take your money—that’s a common myth. It does mean they get to decide how your assets will be distributed, and you may not have say over who takes care of your children.
So, just like every responsible adult needs life insurance, retirement savings and an exercise routine (thanks a lot, slowing metabolism), creating a will is a key “adulting” milestone…
