What is an RESP?
How does an RESP account work? What are the benefits of opening one? Learn more about using this registered...
What is power of attorney?
Can someone make important financial decisions on your behalf if you are unable to? Read how a power of...
What is the pension bridge benefit?
What is the pension bridge benefit? Why do you need to know this definition? The MoneySense Glossary is your...
What is a notice of assessment?
After you’ve filed your tax return, the Canada Revenue Agency sends a notice of assessment. Learn what information the...
How much money do you need to retire in Canada? Is it really $1.7 million?
While $1.7 million is a big number, it’s possible to retire in Canada on that amount, if you start...
What is net income?
Your net income determines how much you are taxed. Learn how net income is calculated—and how it may affect...
What are negative interest rates?
Yes, it’s possible to have a negative interest rate. Learn when it can occur and what it might mean...
Can you maximize your RRSP and TFSA with an income of $0?
With a year of no income, find out if it makes sense to max out registered accounts like an...
Who to name as executor when family members aren’t an option
It’s not always possible or beneficial to name a family member or close friend as executor in your will....