The smart way to pay for “experiences” and other money tips Oct 1st

All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News

The best TFSAs in Canada for 2022 + MORE Nov 17th

As the name suggests, tax-free savings accounts (TFSAs) offer a tax break on contribution income—meaning that, unlike with a regular savings account or non-registered investment account, what you earn inside your TFSA isn’t taxed, even when you make a withdrawal. TFSAs are flexible, too, allowin.... More »

How to manage and save money without a budget + MORE Nov 4th

“Stick to a budget” is one of the most common pieces of advice you’ll hear if you’re trying to save money. But not everyone wants to make decisions according to a spreadsheet—and there are many ways to manage your money that don’t involve a budget. Often, a simple, critical look at your .... More »

WhatsApp contact card feature now available for some lucky users - HT Tech Nov 27th

WhatsApp contact card feature now available for some lucky users  HT TechWhatsApp rolls out contact cards sharing on Windows beta  Gulf NewsWhatsApp is letting some users share contact cards; here’s everything you need to know about the feature  The Financial ExpressW.... More »

How much to take out of your RRSP in your 60s + MORE Nov 3rd

Many retirees have the bulk of their retirement savings in registered retirement savings plans (RRSPs) or similar tax-deferred registered accounts. RRSPs need to be used to buy an annuity or more commonly converted to a registered retirement income fund (RRIF) by Dec. 31 of the year someone turns 71.... More »

Financial planning in your 70s Oct 7th

When most people think about financial planning, they think about saving and investing for retirement. That is certainly a part of it, but financial planning is much more holistic. Here are a few financial planning strategies for those approaching or into their 70s. If you are not there yet, bookmar.... More »
Who is Doretta Thompson? She is a chartered professional accountant (CPA) and the director of corporate citizenship at CPA Canada, where she leads its impressive and award-winning financial literacy initiatives. She also sits on the board of AFOA Canada (formerly the Aboriginal Finance Officers Association of Canada) and on the advisory committee of Excellence Canada’s financial literacy standards. In fact, she was awarded the Queen Elizabeth II Diamond Jubilee Medal. She actually has a list of accomplishments that is too long to list here, so you’ll have to trust us when we say she’s a force for financial literacy in Canada. Let’s get into her “My MoneySense” answers:

Who are your finance heroes? 

I don’t really have any, but if I were to think about someone whose approach resonates, it’s the straightforward, common-sense approach of Dave Chilton [author of The Wealthy Barber]. And I learned a lot about how not to approach my money decisions from my mother.

How do you like to spend your free time? 

With my family, especially my three grandchildren…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!