Starting in 2019, there will be changes to the Canada Pension Plan (CPP). I have to admit I was a bit surprised when I heard about it (and only learned about it while I was researching something unrelated online). Also, the explanations of the changes given on the Government of Canada website were about as clear as mud, so I thought I’d try to simplify it for you. (more…)
My wife and I have an audacious goal: to retire at the age of 50. It won’t be easy, and it definitely won’t happen without a bit of sacrifice. But how do you know when you’re financially ready for retirement? (more…)
You may have heard the term before: mutual funds. But what is a mutual fund exactly? How do they work? And why should you care? (more…)
You may have noticed I’ve been writing in the personal finance section of my site a bit more lately. That’s because I’m committed to paying off my five-figure student debt by the end of 2019. As I think about my own situation though, I’m reminded of the countless others who are in the same boat, and so I want to share the tools and tips I’m using to help put myself in better financial shape. (more…)
I want to clear up a term that I think is commonly misunderstood by a lot of people when it comes to investing: Diversification. A scary word for what is actually a pretty simple concept, when you get down to it. (more…)
Got kids? Planning to have them? Want them to go off to post-secondary education one day? Then you’d better make sure you understand how the Registered Education Savings Plan (RESP) works! (more…)
