Ask a Planner

How to calculate the taxable amount for a cashed-in whole life insurance policy

Is a whole life insurance cash value taxable? Spoiler: Yes. But find out how to calculate the taxable amount....

Banking

Video: How the Bank of Canada’s interest rate affects you

The Bank of Canada’s interest rate affects everything from your savings account to your mortgage payments. Learn more in...

My MoneySense

Meet Michelle Hung: The Sassy Investor who shows clients how to realize their worth

Michelle Hung is a Chartered Financial Analyst and fee-only planner who left her corporate job to help people achieve...

A Rich Life

What are money scripts? What’s yours?

Psychologists use money scripts to help people develop a healthier relationship with finances and reach their goals. Find out...

MoneyFlex

First home savings account: A Gen Z guide to achieving home ownership

If you want to be a home owner in Canada, here’s how the new tax-free FHSA could get you...

Ask a Planner

For Canadians living abroad, is it worth investing in foreign ETFs?

Canadians with extra savings overseas may wish to invest in foreign ETFs. However, there may be alternatives with less...

Investing

How to buy mutual funds in Canada

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Retired Money

How retired parents can use the FHSA to help their adult children

Canada’s new first home savings account nicely complements earlier real estate programs. Retirees with grown adult children should take...

Ask MoneySense

How to have the most tax-efficient retirement income plan

Should you plan your retirement savings around paying the least amount of taxes? Find out the implications and the...