Category: Investing

Financial planning 101: Mortgages (*2 Min Read)

Amortization Amortization simply involves paying off debt with equal payments at equal intervals over time. An example of this is a fixed rate mortgage – your monthly payment remains the same throughout the entire life of your loan. Even though your monthly payments might…

How to teach your kids about money

A lot of us grew up with weird attitude towards money, often centered around not having enough, being jealous of those who did, or feeling shame for what we did have. When we become parents, we have the opportunity to undo that not only for our…

Registered Retirement Savings Plan (RRSP)

Party now, pay later RRSP is short for Registered Retirement Savings Plan. The idea with this type of investment account is to avoid paying tax on some of your income today and instead pay it after you retire. There are two advantages to this…

Tax-Free Savings Account (TFSA)

Pay now, party later TFSA is short for Tax-Free Saving Account. The name is slightly misleading because a TFSA is really an investment account that can hold all the same types of investments as an RRSP. Why you should have one With a TFSA,…

Financial Planning 101: Smart tips for Small Business Owners

If you own a business, you know about risk and opportunity. Compared to many people, you’re willing to take more personal and financial risk in order to gain more personal and financial opportunity. It’s a trade-off that can be highly rewarding.