The Canadian Money Magazine

By Big Cajun Man | Some of the better places to find information about Personal Finance in Canada (and the world)

Do Your Expenses Decrease After Downsizing?

In August last year, we downsized from a 3800 sq foot suburban house with 2 cars in the USA to an 1800 sq ft urban condo with one car in Canada. This …

RRSP Bingo

One of my favorite games that I used to play at work, would be Meeting Bingo, where someone would print out a Bingo card with a whole bunch of …

Retirement

RRSP Season, Tax Time, and #MoneyTalk - Canadian Personal Finance Blog

RRSP season is slowly coming to a close, if we are to believe the advertising campaigns from the banks and mutual funds. RRSP season is actually all …

Personal Finance

Compare your household expenses here

I’ve read countless personal finance and investing books and articles that advise you how to save more money.<p><i>…but how much do you spend?</i><p>Inspired by a …

Money

An AI Hedge Fund Created a New Currency to Make Wall Street Work Like Open Source

Wall Street is a competition, a Darwinian battle for the almighty dollar. Gordon Gekko said that greed is good, that it captures “the essence of the …

Wall Street

The 2017 Free Tax Software Roundup for Canadians

Spring may not begin until March, but tax season is already here and it’s easier than ever to file your income taxes with the help of tax …

Tax Deferral Savings Plan ( your RRSP ) - Canadian Personal Finance Blog

I think if the <b>RRSP</b> was named the <b>Tax Deferral Savings Plan</b> it would clarify to folks how it all works. Most folks simply think of it as a Tax …

Taxes

The Limits of Retirement Simulators

One way you can see some possible outcomes of your retirement plan is to use a retirement simulator similar to one available from Vanguard. These …

Retirement

The Salary vs Dividend Dilemma 2017 Version - RRSP or Not? - What Small Business Owners Need to Know

In part one of my salary vs dividend dilemma update, I provided you with a summary of the absolute and deferred income tax savings available in …

Small Business

Weekend Reading – Dividend increases, ETFs, budgeting and #money stuff

Welcome to my latest Weekend Reading edition, where I share some of my favourite articles and money news from the week that was.<p>I shared the …

Farewell Vinyl Café, Snow, Monopoly and #MoneyTalk - Canadian Personal Finance Blog

I was saddened to hear of the death of Stuart McLean, host of the Vinyle Café. That radio show was truly a slice of Canadiana , and the good nature …

Café

The Year You Start Investing

Every year, we start with the best intentions to improve our lives.<p>Including our finances…<p>But does it seem like the time just passes by and nothing …

Wealth

Column: Do you know how much your financial planner really costs?

If you’re with a broker or any kind of adviser paid on commissions, you should sever that relationship as soon as possible, writes economist Teresa …

Personal Finance

Two New Increases For The Portfolio

Hey folks how are you? I hope your off to a great 2017 collecting those dividends. For today’s post I thought I would share with you two increases I …

Stocks

Immigrant hustle and how financial institutions could market better in the digital age (PODCAST)

Dev Basu is the CEO of Powered by Search, an internet marketing agency that has worked with some of the world’s leading companies such as FedEx, …

FedEx

Surprising Job Picture in Canada in January - Canadian Personal Finance Blog

A surprising job picture from the Canadian Economy grew more jobs in January (2017), according to Stats Canada. This was unexpected by most …

Employment

The Salary vs Dividend Dilemma 2017 Version - What Small Business Owners Need to Know

In January 2013 (my, how time flies), I wrote a three-part series on the question of whether small business owners were better off taking a salary or …

Taxes

Sharing Vacation Costs

I like to vacation with friends, but working out how to split the costs can get tricky. When it’s just two couples, we often use the …

Money

The value of Dividend Advisor

I’ve read dozens of personal finance and investing books that tout the merits of indexing investing.<p>It’s all true.<p>To be clear, the trend towards …

Stocks

Former Edmonton mutual fund salesman unlikely to pay back any of clients' $812,000 losses

Former Edmonton mutual fund salesman Jason Perry Boldt is bankrupt and unlikely to repay more than $800,000 clients lost lending his company money, a …

RRSP to TFSA Grand Jeté - Canadian Personal Finance Blog

I like the title as Mrs. C8j is a former ballerina, so any time I can figure to use a ballet term I get extra points (one day I will figure out how …

Mutual Fund T-Rex Scores

RBC, Investors Group, Fidelity, TD, Manulife, etc.<p>T-Rex Scores reveal how much of your investment return you actually get to keep and how much you …

Personal Finance

RRSP , Tax , TFSA , RESP, and RDSP Time and #MoneyTalk - Canadian Personal Finance Blog

It is that magical time of the year, when folks are barraged with countless megatons of advice about financial matters. Some say it is RRSP season, …

Personal Finance

Strategies to pay less tax with pension income splitting

It’s hard to believe but the great boon of pension income splitting has now been available to Canadian retirees for a full decade. The Harper Tories …

Quicken 2016 Canadian Edition Review

TweetQuicken 2016 Canadian EditionQuicken has come out with a new version of Quicken (Quicken 2016), which has many great new features. I’d love to …

Small Business

Are Robo Advisors Right For Your Retirement Savings?

<i>This article was sponsored by ModernAdvisor.</i><p>Canadians don’t save enough money to comfortably retire on.<p>More and more Canadians are choosing to work …

Vanguard Introduces Four Canadian Fixed Income ETFs

Are robots coming to take investor jobs on Wall Street?

The robots are rolling forward with a full-frontal assault to capture Wall Street’s vast investment fees and commissions.<p>More investors are warming …

Wall Street

You Are Spending More - Canadian Personal Finance Blog

Stats Canada published a very interesting report last week, Survey of Household Spending, 2015, which on first read sounds obvious.<p><i>Canadian</i> …

Money