How to save (and invest) your first $100,000 + MORE Mar 28th

All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.

Latest News

Can Canadian investors save tax when a stock’s company goes bankrupt? Dec 27th

Ask MoneySense The company of a stock I own went bankrupt. Am I able to claim losses? If so, how? —Jake Can you save on tax when a company you invest in goes bankrupt? The short answer is: it depends, Jake. But, I will outline the factors to consider to determine if and how you ca.... More »

Stock news for investors: Canopy Growth to acquire MTL Cannabis in $125-million deal + MORE Dec 20th

Here’s a round-up of news for Canadian investors this week. Canopy Growth Blackberry Transat Featured RRSP Accounts featured EQ Bank Build your retirement savings with 1.50% in.... More »

How to confirm your CPP pension + MORE Apr 11th

How do I know if I’m receiving the correct amount of CPP? —Flora Most people who work in Canada between ages 18 and 65 will have some entitlement to the Canada Pension Plan (CPP). Employees and their employers make payroll contributions to the pension. Self-employed people contribute the.... More »

Russ Dyck financial advisor Nov 8th

Meet Russ Dyck Russ Dyck, a Certified Financial Planner and founder of Finovo, specializes in financial planning for professional couples and young professionals. He is passionate about helping clients navigate complex financial decisions with clarity and confidence, tailoring each plan to meet t.... More »

How women can start investing + MORE May 16th

Maybe you’re making a little more money these days and are curious about where to put it. Or maybe you’ve reached the age where you need to start, seriously, planning for retirement. Either way, we’re happy you’re here. The time for women to start investing is yesterday, or at least, right n.... More »

Making sense of the markets this week: March 31, 2024

– moneysense.ca

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.

You can’t handle the truth—Truth Social!

You might’ve read a headline like this the past week, “Trump’s social media company to trade on the Nasdaq.” While some might think there’s money to be made, the underlying transaction is substantially more complicated. If you’re looking for the Coles Notes version, know that this story is interesting in the same way as watching a fender bender on the highway holds everyone’s attention. No serious Canadian investor would consider going near this company. (All figures in this section are in U.S. currency.)

Here’s how former president Donald J. Trump just might get paid from Truth Social (along with some caveats investors should know about):

Truth Social was the only asset of record owned by a company called Trump Media & Technology.

Truth Social has accrued a whopping total of $3…

Continue Reading On moneysense.ca »

How to save (and invest) your first $100,000

– moneysense.ca

A popular milestone goal for young adults just starting out is to save $100,000 cash. YouTube and TikTok are buzzing with videos on this very topic, and it makes sense—$100,000 is enough to give you financial breathing room and life-changing options, like making a down payment on a condo or house, buying a car, travelling the world or investing for retirement. Plus, reaching six figures is a big achievement.

But is $100,000 in savings good enough? How much interest would you earn on it? And how do you take the first step toward saving that much in cash? We’re breaking down smart strategies for saving your first $100,000, how long it will take and how to invest $100,000 in Canada, plus expert insights with the help of a financial advisor.

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