The best ETFs for retirement income + MORE Aug 24th

All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
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RESP vs RRSP and TFSA: What’s the best option for education savings? Aug 31st

Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options C.... More »

Making sense of the markets this week: September 17, 2023 Sep 21st

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. U.S. inflation battle: Mission not accomplished  Despite increasing interest rates and hawkish talk from the U.S. F.... More »

What investments can I put in my TFSA? + MORE Sep 14th

The less tax you pay, the more money you keep for yourself. How can you apply this to investing? By using registered investment accounts like the tax-free savings account (TFSA) and the registered retirement savings plan (RRSP). The TFSA is often the first investment account a new or young investor .... More »

10 simple ways to save money


As the cost of living increases for Canadians, having a savings strategy has never been more important to ensure you can live comfortably in the future. But many are unsure where to start. Not having a thought-through plan or having one that is too rigid and demanding can easily push you off track. That’s why it is essential to find strategies that work for you.

“The most important thing is to develop the habit of saving,” says Ayana Forward, a fee-only Certified Financial Planner (CFP) in Ottawa. So what are some easy ways to start saving without sacrificing too much from day to day?

1. Set mini goals as part of your long-term plan

“Saving money really comes down to self-discipline and goal setting,” says Brent Vandekerckhove, a financial advisor with RGF Integrated Wealth Management in Vancouver, B.C. To start, decide what you’re saving for and calculate how much money you need to meet your goal. Whether it’s saving for a car, a house, retirement or anything in between, your goal should be specific and measurable, as this will help you stay on track, says Vandekerckhove…

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While exchange-traded funds (ETFs) are appropriate for investors of all ages and life stages, they make particular sense for retirees and those close to retiring. Things like quick and easy broad diversification of asset classes and geographic exposure at a reasonable price are especially relevant when you no longer wish to be exposed to single-stock risks. Mind you, concentration risk still exists even with ETFs because sector or regional ETFs continue to be released, typically with higher fees. Just look at the current furor over AI ETFs (those specifically for artificial intelligence tech companies). So let’s look at retirement ETFs for Canadian investors.

I began researching this topic as part of a MoneyShow presentation scheduled early in September on MoneySense’s ranking of the best ETFs in Canada. The session will be conducted by myself and MoneySense executive editor Lisa Hannam. Readers may recall I was the lead writer for the annual ETF package—when it was called ETF All-Stars—but after almost a decade, I passed the reins to new writers…

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