Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
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Should you sell stocks you inherit? + MORE Sep 12th
An inheritance can be comprised of cash, securities, real estate, or other assets. When you inherit securities like stocks, there are income tax and strategic considerations. Here are some that you should keep in mind.
How are stocks taxed when you inherit them?
When a spouse or co.... More »
Canada’s income tax brackets for 2023, plus the maximum tax you’ll pay based on income + MORE Dec 7th
Taxes are an inescapable fact of life in Canada. Despite this, many of us don’t think too hard about the specific federal and provincial tax brackets that govern our taxable income. Nonetheless, understanding what bracket we fall into is key to accurately estimating the amount of tax we owe on our.... More »
Making sense of the markets this week: December 24, 2023 Dec 28th
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.
It’s a tough job, but…
It’s really hard to predict what the investment world will do. It’s even harder to predic.... More »
25 personal finance highlights from the last 25 years + MORE Oct 18th
Over the last 25 years, personal finance in Canada has transformed enormously. Major economic shifts, new technology and evolving consumer behaviour have led to new policies and events. Here are some of the most interesting personal finance developments in the last two and a half decades:
.... More »
Marriage or mortgage: Which is the better investment?
– moneysense.ca
Weddings can be expensive, but so can many of the things that come after a wedding—like a home purchase, starting a family and saving for retirement. And so money is an important relationship issue even before a couple ties the knot.
Both weddings and home purchases can both cause people to think or spend irrationally—especially amid the rush to “get in the real estate market” while mortgage rates are at historically low levels. How can a couple decide which is the better use of their hard-earned savings?
Let’s start with weddings. The costs associated with their Big Day can range drastically from couple to couple, depending on their wedding plans and the size of their family. The dollars differ widely among industry estimates, as well. According to Wedding Wire’s 2019 Global Wedding Report, the average Canadian wedding costs US$21,900—that is, $29,059 Canadian at the average 2019 exchange rate. Meanwhile, the consumer data company Statista pegged the average Canadian wedding at a much higher $42,401, back in 2017…
Both weddings and home purchases can both cause people to think or spend irrationally—especially amid the rush to “get in the real estate market” while mortgage rates are at historically low levels. How can a couple decide which is the better use of their hard-earned savings?
Let’s start with weddings. The costs associated with their Big Day can range drastically from couple to couple, depending on their wedding plans and the size of their family. The dollars differ widely among industry estimates, as well. According to Wedding Wire’s 2019 Global Wedding Report, the average Canadian wedding costs US$21,900—that is, $29,059 Canadian at the average 2019 exchange rate. Meanwhile, the consumer data company Statista pegged the average Canadian wedding at a much higher $42,401, back in 2017…
