How to stake Cardano (ADA) in Canada + MORE Jun 12th

There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.

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BMO Ascend World Elite Mastercard review Dec 10th

The BMO Ascend World Elite Mastercard is just one card in BMO’s premium lineup. It offers a points-based rewards program through BMO Rewards, 5x the points on travel purchases, flexible redemption options, and usually a large welcome bonus. We’ll break it all down below so that you can decide if.... More »

TFSA contribution room calculator + MORE Aug 28th

TFSA contribution room calculator Find out your current tax-free savings account (TFSA) contribution limit by using this calculator. Note that in the second box below, you should not “double count” contributions that you have withdrawn and then legitimately re-contributed in the following.... More »

How GreenShield+ Will Revolutionize Canada’s Health Care and Benefits Experience Apr 14th

Imagine it’s a Monday morning and you’ve woken up with a fever and a pounding headache. Instead of waiting in line at a nearby walk-in clinic, you reach for your phone, open an app and connect with a doctor in a matter of minutes. Do you require medication? Imagine receiving a prescription in re.... More »

Making sense of the markets this week: June 18, 2023 + MORE Jun 17th

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors. The U.S. Fed pauses rate hikes—for now On Wednesday, the U.S. Federal Reserve decided to pause raising interest rates after 10 co.... More »

The best travel credit cards in Canada for 2025 + MORE Jun 9th

To be one of the best travel credit cards in Canada on our list, the card must combine strong earn rates with perks like lounge access, no foreign transaction fees and travel insurance coverage. We’ve compiled this list of the top cards in this category to help you get started. Best travel cred.... More »

What is whole life insurance?

– moneysense.ca

No one likes to consider their own mortality, but having a plan is the best way to ensure the loved ones you leave behind are financially protected. Knowing your options when it comes to life insurance is an integral part of that planning process. Read on to learn what you need to know about whole life insurance, one of the most common types of life insurance.

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What is whole life insurance?

Whole life insurance provides coverage for life at a fixed premium, meaning your insurance payments never change.

When you or the policy holder dies, the policy’s beneficiaries receive a tax-free death benefit—a lump sum payment (based on the amount of coverage you have chosen) that can be used to cover outstanding debt, tuition, mortgage payments or other expenses…

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How to stake Cardano (ADA) in Canada

– moneysense.ca

Like other cryptocurrencies, ADA, the native coin of the Cardano blockchain, has been in a bear market since October 2021—meaning a recent pattern of price declines. Despite this downturn in crypto prices, Cardano seems to be a strong player among the public blockchains that offer smart contract functionality. (Smart contracts are automated digital agreements, written in code, for transactions between different parties.)

Because of a dedicated community of developers and supporters, ADA is regularly among the top 10 cryptocurrencies by market capitalization; as of June 2022, it’s the sixth-largest cryptocurrency, or the fourth-largest if you exclude stablecoins (cryptocurrencies whose value is pegged to the U.S. dollar).

Investors who hold this crypto coin have another route to potential gains: staking their ADA, which earns an estimated 4% to 6% annual percentage yield (APY) as a reward. It’s like putting money in a high-interest savings account and earning interest—except that staking rewards are not guaranteed, not paid in dollars and not protected by the Canada Deposit Insurance Corporation (CDIC)…

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Not sure what the best Insurance policies in Canada are? Be sure to get the best advice possible – Visit our Insurance page for details.

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