The Canadian Money Magazine

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

Bank Profits, Loose Money, Used House Salesfolk and #MoneyTalk - Canadian Personal Finance Blog

The 3 of the big banks in Canada announced good profits ( TD, CIBC, and RBC) which has caused another jump in their value, and dividend output. …

Anti-Virus Software

Saving money on any income

I get these emails in my inbox every now and then…<p><i>I like your site but you write about saving and investing habits most Canadians don’t have.</i> …

Pay Yourself First?

“Pay yourself first” is some great advice to help people save money. If you have any trouble with money, as most people do, there are a number of …

Money

5 Steps to an RDSP - Canadian Personal Finance Blog

So I am blatantly stealing this from Kerry K at Squawkfox, but because she thought of it talking to me, I’ll take partial credit for it. Here are 5 …

Money

Avocado Toast, Victoria Day, Ransomware and #Moneytalk - Canadian Personal Finance Blog

The Web has gone wild discussing whether giving up avocado toast is the new <i>latte savings plan</i>. The implication is if you cut out exorbitant expenses, …

Microsoft Windows

Forgotten Bank Accounts - Canadian Personal Finance Blog

Living in Ottawa you get some interesting stories come up occasionally on the local TV or Radio, but one really caught my eye, because it was about …

Public Retirement Systems: Comparing CPP/OAS in Canada to Social Security in the United States

I'm back. I made it through yet another tax season. I request your indulgence for a paragraph, as I have one last rant about the timing of the …

Retirement

Wells Fargo fake accounts scandal appears far bigger than previously thought, attorneys say

SAN FRANCISCO — Wells Fargo may have opened as many as 3.5 million bogus bank accounts without its customers’ permission, attorneys for customers …

Smartsaver.org RESP: Helping Lower Income Families

Robb Engen from over at Boomer and Echo sent me over an interesting e-mail for a new concept backed by most major banks (and credit unions) in Canada …

Retirement

Should You Invest or Pay Down Your Mortgage?

<i>“It is better to be vaguely right than exactly wrong.” ― Carveth Read.</i><p>In a good example of how you should be careful where you go for financial …

Mortgages

RDSP, DTCs, Mother's Day and #MoneyTalk - Canadian Personal Finance Blog

This week our friend Kerry K. from Squawkfox appeared on CBC On The Money and did an excellent job explaining the issues with the RDSP. The video of …

Mother's Day

Becoming a Millionaire

I recently saw a tweet with a chart showing how much money you need to save each day to become a millionaire at age 65. This was one of those …

Retirement Planning

DTC RDSP Vicious Circle - Canadian Personal Finance Blog

While chatting with Kerry from Squawkfox, Mrs. C8j and I did some research and an interesting point was found, about the DTC RDSP vicious circle.<p>“The …

Retirement

Time: The Most Important Financial Variable - Canadian Personal Finance Blog

For those of you who haven’t had as many financial plans and projects fail as I have, I’d like to share with you the most important variable in all …

Rrsps: The Definitive Book on Registered Retirement Savings Plans - Canadian Personal Finance Blog

No, I haven’t started working on my stack of books I promised to review. I did, however, find Preet’s book in the Ottawa Public Library and had a …

Retirement

Thanks Prince Phil, More Old Than Young and #MoneyTalk - Canadian Personal Finance Blog

Terry Mosher (aka Aislin)’s view of Prince Philip in the 70’s<p>Prince Philip announced his retirement from Public Life, and at 95 I think he can …

Prince Philip

Nudge

As imperfect humans, we often don’t have the time, skills, or information necessary to make good decisions. In their fascinating book, <i>Nudge</i>, Richard …

Retirement

Top International Dividend ETFs

Diversification remains the only free lunch that comes with investing – <i>Modern Portfolio Theory.</i><p>According to this theory, one that remains embraced by …

Investing

Russian-controlled telecom hijacks financial services’ Internet traffic

Visa, MasterCard, and Symantec among dozens affected by "suspicious" BGP mishap.<p>On Wednesday, large chunks of network traffic belonging to …

Security

Weekend Reading

Welcome to my latest Weekend Reading edition, where I share some of my favourite personal finance and investing articles from the blogosphere.<p>Here is …

The Khan Academy and Wealth Destruction - Canadian Personal Finance Blog

A friend knows that I am always on the look out for interesting sites where folks do lectures explaining things and he suggested that I check out the …

Expo 67 , the greatest World's Fair Ever ? - Canadian Personal Finance Blog

Yes, it’s me going off topic again, but I am constantly impressed with the quality of the movies of the best World’s Exposition ever, the one in …

MLM, Balanced Budgets, and #Moneytalk - Canadian Personal Finance Blog

<b>While not all MLM are necessarily Pyramid schemes, they can be.</b><p>So the Multi-Level Marketing (MLM) has been bouncing around on the Web, and allow me …

Lines of Credit

Short Takes: Billionaire Spies, Flight Bump Compensation, and more

<i>Here are my posts for the past two weeks:</i><br>The Stock Market Only Goes Up <br>Victory Lap Retirement <i><br>Here are some short takes and some weekend reading:</i><br>Preet …

Finance

Phoenix Pay System Side Swipe - Canadian Personal Finance Blog

As most Canadians hear every few weeks, the pay system for the federal Civil Service has been updated, and the new system (called Phoenix) has had …

Phoenix

Victory Lap Retirement

Mike Drak and Jonathan Chevreau argue that the traditional approach to retirement where you work full-time until some magic day where you fully stop …

Why Good Habits Are Better Than a Strict Budget

Share<p>Tweet<p>Pin<p>Email<p>If you’ve ever tried and failed to stick to a budget, you can take heart in the fact that you’re not alone. We’ve all been there, …

How Online Shopping Makes Suckers of Us All

Will you pay more for those shoes before 7 p.m.? Would the price tag be different if you lived in the suburbs? Standard prices and simple discounts are giving way to far more exotic strategies, designed to extract every last dollar from the consumer.<p>As Christmas approached in 2015, the price of …

John F. Nash

How secure are banks and financial services firms?

Many senior bank executives are confident about their cybersecurity strategy, yet a lack of comprehensive, practical testing is leaving gaps in their …