The Canadian Money Magazine

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

What is Your Financial Plan B?

My kids being rather <i>sporty</i> has allowed me to be exposed to some very elite athletes who are very talented and their talent makes you sure they will …

Massive Desjardins Group data breach caused by employee who's since

The Quebec-based Desjardins Group has admitted to being victimized by the largest data breach in Canadian history.<p>Laval police informed the …

Data Breaches

Facebook usage falling after privacy scandals, data suggests

Facebook usage has plummeted over the last year, according to data seen by the Guardian, though the company says usage by other measures continues to grow.<p>Since April 2018, the first full month after news of the Cambridge Analytica scandal broke in the Observer, actions on Facebook such as likes, …

Technology

Premium Artisan Automated Investing Profiles™

Tweet This seems to be the only thing that has not been used to try to get folks interested in the alleged new <i>FinTech</i> world.<b>Beautiful Artisan</b> …

FinTech

Fintech is it the Answer ?

Tweet What was the Question ?If Fintech is the answer, are we sure we know what is the question? Fintech started off being about changes to the …

FinTech

FinTech’s Foundations COBOL

A very interesting article from the Wall Street Journal confirmed to me what I had always suspected, in terms of the technology all banking is still …

Facebook announces Libra cryptocurrency: All you need to know

Facebook has finally revealed the details of its cryptocurrency, Libra, which will let you buy things or send money to people with nearly zero fees. You’ll pseudonymously buy or cash out your Libra online or at local exchange points like grocery stores, and spend it using interoperable third-party …

Technology

Financial Freedom Update (Q2) – June 2019 ($50,660 in Dividend Income)!

Welcome to the Million Dollar Journey June 2019 (Q2) Financial Freedom Update – the second update of 2019! If you would like to follow my latest …

Stocks

Mid-Year Personal Finance Check Up

Cut your credit card debt by 30% (if you have credit card debt, if you don’t then you have achieved this goal, give yourself a pat on the back). If …

Making the most of your pension income tax credit

I’ve asked my colleague Jeffrey Smith to break down the ins and outs of this sometimes underappreciated tax credit. Jeff is a Manager in BDO’s Wealth …

Retirement

Banking is Necessary Banks are Not.

Tweet This is a quote attributed to Bill Gates, which resonates with me. Whether the quote banking is necessary banks are not, is the real quote, or …

How one province got 80 per cent of fathers to take paternity leave

Québec’s provincial insurance plan that provides fathers with paternity leave has had a major impact on fatherhood.<p>Until 2006, only one in five …

Paternity Leave

A Script for Customer Retention Deals

Where do you get the best deals? I find the Customer Retention deals are the best. My deal on the new iPhone after using pretty much the same script …

Power of Attorney for Autistic Family Member?

Tweet When your child on the Autism Spectrum, comes of age, what do you do to help them with their financial decisions? Many folks on the spectrum …

Developmental Disabilities

Stop Buy?

<b>Given I am an Index Investor these days, this post about Stop Buy is a bit out of place, but I did write it many years ago.</b><p>Just goes to show that you …

What goes up…

… must come down (and that’s not just lyrics from an Alan Parson’s song either).<p>The NFB comes through with another interesting short about greed and …

Cheaper Day Care Alternatives

So after my posting about the cost of raising kids a while back a lot of folks pointed out the costs of daycare and how this is prohibitive for dual …

Don't Be Afraid to Live With Your Parents – Canadian Personal Finance Blog

Tweet … if you are under the age of 18. If you are older than 18, why are you still living with your parents, better still, why do you want to move …

Houses

Drip, drip, drip... – Canadian Personal Finance Blog

I have written before about how I am a passive-leaning (if not down right lazy) investor. Here I write about being a Drip.<p>A while ago, I checked over …

Half Price Condoms – Canadian Personal Finance Blog

Previously I have written about 50% off meat in fact Michael James has even asked if Cut Rate Meat is Safe , and my wife and I have expanded our cut …

In Banking It is All Negotiable

It is important to remember that in banking it is all negotiable. As example, I got a call a while ago from a friend asking me about what interest …

Free Banking ?

Last night, my wife and I went for our yearly meeting with our current bank to move some money around, update our kids’ RESPs and to attempt to …

Free Month Subscription or Fool Me Once Shame on You

I wrote a long while ago about how the Motley Fool (not I do not link to them) once tricked me into 2 months free on one of their thousands of …

Doubling Your Money

One of my first real articles I wrote when I started out was Rule of 72 (more Einstein Finance), where I talked about the Rule of 72, which is a …

Rule of 72 (more Einstein Finance)

OK, so maybe I will concede that Einstein may have stated that this was important, but I am still not convinced he “invented” it, but be that as it …

Albert Einstein

Einstein: Doubling is the trick!

The key to the rule of 72 is that it is describing how long it takes your money to double. The shorter the period, the more doubling periods you will …

Garage Sale Tips

It is that time of the year again, when neighbours attempt to fob off their crap that they don’t want, on their friends, neighbours and complete …

Home Insurance Follow Up

Tweet I wrote about<b> Home Insurance Gotchas</b>, and in it, I outlined how you need to tell your Insurer (for your home) about anomalies in your coverage …

The Cost of Longevity Risk

One valuable part of CPP, OAS, and defined-benefit pensions is that they keep paying you even if you live a long life. In more technical language, …

Pensions