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Newcomers to Canada

Man is reading the T5 from cashing in his whole life insurance policy, and checking his notes from when he bought it.

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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....

How to calculate the taxable amount for a cashed-in whole life insurance policy
MoneySense executive editor Lisa Hannam stands in front of text saying ”How the Bank of Canada’s Interest Rate Affects you.“

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...

Video: How the Bank of Canada’s interest rate affects you
A man walks along a European street wearing headphones and carrying a bag

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...

For Canadians living abroad, is it worth investing in foreign ETFs?
A woman in her 60s holds a coffee, pondering how to have the most tax-efficient retirement income plan

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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...

How to have the most tax-efficient retirement income plan

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Compound interest calculator: bar graph of money exponentially growing

Investing

Compound interest calculator: How to use one and how interest grows

Watch your money grow—or calculate how much money you will owe in total—with the MoneySense compound interest calculator. Here’s...

Compound interest calculator: How to use one and how interest grows
A woman sits on the floor, surrounded by boxes of her belongings, to illustrate how to make money selling stuff online.

Strategic Shopper

How to make money selling stuff online

Tired of clutter? Need some cash? Here are eight Canadian resale sites that can help you turn your stuff...

How to make money selling stuff online
A woman sits against a grey wall reading a book on international women's day.

Financial literacy

5 great personal finance books by women

Here are five powerful and inspiring personal finance books by women.

5 great personal finance books by women

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Paying yourself first

Want to see your savings grow faster? Make deposits automatic so you can’t spend away spare cash. Here’s how,...

Paying yourself first

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A young girl smiles at her mom as she leaves for school

RESPs

How do RESPs work, and what’s the best way to fund them?

An RESP is one of the best ways to save for a child’s education. Compare three ways to fund...

How do RESPs work, and what’s the best way to fund them?

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