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What affects the price of bitcoin? + MORE Mar 21st
I recently bought some bitcoin. I know that it’s volatile and that it will go up and down. But to better understand what’s happening, can you explain what affects the price of crypto? What makes it go down (and so dramatically)? What would make it go back up or at least bounce back? Any insights.... More »
Can you save tax by moving into your rental property? Apr 18th
Ask MoneySense
I have a house I was renting in the past and now want to move into as my primary residence. Is there a length of time that I need to live in it to ensure capital gains will not apply on my death, or will capital gains apply based on the years it was rented?
Also, if I co-own this h.... More »
Parents fear for their kids’ financial future but avoid the money talk + MORE Dec 4th
If you’re dreading having the money talk with your kids, you’re not alone. RBC’s recent poll, Talking Money with Our Kids, revealed some surprising attitudes towards financial education. The majority of Canadians polled say they feel stress about their children’s financial futures—and that.... More »
Mutual funds vs. ETFs: What you need to know to decide what investment works for you Jul 8th
The popularity of exchange-traded funds often triumphs over old-school mutual funds among social media-savvy investors. But experts say they both have their place in the financial system.
The investment decision between the two boils down to your financial goals, risk tolerance, and time horizon,.... More »
What’s my RRSP contribution limit? + MORE Jan 31st
Find out your current registered retirement savings plan (RRSP) contribution limit by using this calculator.
RRSP contribution rules highlights
Your RRSP contribution limit is based on the maximum annual RRSP contribution room set by the Canadian government, the earned income you had du.... More »
Five money fears from childhood—and how to overcome them
– moneysense.ca
Ask around your group of peers what their childhoods were like, and you’ll probably discover you all grew up incredibly differently. Some of us dined on Kraft Dinner nightly, while others enjoyed meals fit for the cover of Bon Appétit. Some families were frugal by choice or necessity, and others were reckless spenders who regularly racked up debt. And though we’re adults now, many of the ideas we formed about money in our youth can still linger, influencing our financial decisions to this day—oftentimes, not positively.
“I have colleagues who know a lot about money, but that doesn’t mean they always make the savviest decisions, because they default to certain behaviours based on specific experiences and how they grew up,” says Melissa Leong, money expert and author of Happy Go Money. Early financial experiences with parents who overspent or didn’t save—or barely had enough to scrape together—can create a lasting impression, she says.
According to a new survey conducted by Meridian, 55% of Canadians say that money problems they experienced growing up still affect them today…
