Married with money: How to combine finances with your partner + MORE Jan 24th

How to go about securing the best return for your investment in Canada.

Latest News

The best dividend stocks in Canada 2024 + MORE Oct 9th

Overview Top 100 Dividend Stocks Past Performance Methodology Best Dividends in Canada Table of Contents Top .... More »

How to invest in Canadian bank ETFs + MORE May 22nd

Though they’re well represented in Canadian stock indices, you can see why some investors would want even more exposure to Canadian banks. They have enviable dividend growth histories and ample current yields. They offer relatively stable earnings that are not vulnerable to global tariffs or suppl.... More »

The best high-interest savings accounts in Canada for 2024 May 2nd

Save The best high-interest savings accounts in Canada for 2024 Here are the accounts offering the highest interest rates and lowest fees. Compare now Tap the button for more details. W.... More »

Pakistani army chief visits Tehran in bid to broker renewed talks between US and Iran Apr 16th

CAIRO (AP) — Pakistan’s army chief is set to meet with Iranian officials in Tehran on Thursday in a bid to ease tensions in the Middle East and arrange a second round of negotiations between the United States and Iran….... More »

Simplii and Diljit Dosanjh team up on eve of Dil-Luminati tour Feb 24th

Simplii and Diljit Dosanjh, a world-renowned Punjabi singer and actor, are joining forces to underscore the Canadian alternative financial institution’s focus on newcomers. Fresh off an appearance at Coachella, the Diljit Dosanjh Canada tour starts in Vancouver on April 27, 2024 at BC Pla.... More »

Married with money: How to combine finances with your partner

– moneysense.ca

If you’re in a relationship, the topic of money will eventually come up. Since the pandemic started, couples have spent more time talking about money, according to a 2021 RBC poll. Almost half—47%—identified finances as one of the biggest stressors in their relationship. One U.S. study found that disagreements over money were a leading predictor of divorce.

Whether you’re planning to cohabitate or you’re already living together and are starting to plan financial goals, here are some tips on bringing your money together.

Talk about money with your partner early

Whether you’re married or not, it’s important to understand your partner’s financial situation, goals and values. Feelings about money formed during childhood often influence us as adults—for instance, fear of not having enough, discomfort with debt, or family taboos around talking about money. Even without these money hang-ups, everyday spending and saving can be stressful when you’re combining finances with another person…

Continue Reading On moneysense.ca »

Are GICs a no-brainer for retirees?

– moneysense.ca

For years, the humble GIC—guaranteed investment certificate—was disparaged by the fixed-Income cognoscenti and more often than not financial advisors. But, things started to change when interest rates started rising a few years ago in Canada and the U.S. As of January, DIY investors in Canada should be able to find 1-year GICs paying about 5%, falling to a tad over 4%, if you go out four or five years.

While fixed-income investors were brutalized in 2022 with unexpected losses even in supposedly safe bond funds, Canadian investors who put some of their fixed-income into GICs were likely spared the carnage.

That includes my family, who for the last few years had parked some cash into laddered 2-year GICs. Today, we are gradually laddering into 5-year GICs while crossing our fingers that our modest bond exchange traded fund (ETF) positions return at least to a break-even level.

Featured accounts

Share