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Ask MoneySense

“Why do I need a financial plan?”

“Why do I need a financial plan?”
Doretta Thompson is smiling in front of her painting

My MoneySense

The smart way to pay for “experiences” and other money tips

Doretta Thompson loves travel and is not a fan of debt. Here’s how she finds balance between treating herself,...

The smart way to pay for “experiences” and other money tips

Investing

What is a dividend reinvestment plan?

Using a dividend reinvestment plan can help you grow your savings faster. Here’s how to set up a DRIP.

What is a dividend reinvestment plan?
A newly renovated basement that remains empty, except for an office chair and computer monitor

Real Estate

How to know if a secondary suite or basement apartment is legal—and a worthwhile investment

The potential to earn rental income sounds great, but unauthorized second units come with financial and other risks.

How to know if a secondary suite or basement apartment is legal—and a worthwhile investment

Financial literacy

What does hawkish mean?

Hawkish is the opposite of dovish. And it’s a term used to describe behaviour in the markets and the...

What does hawkish mean?

Debt

What is a debt-to-income ratio?

Learn what debt-to-income ratio means and how to calculate it, as your DTI ratio can affect how much money...

What is a debt-to-income ratio?

Banking

What is a bank in Canada?

A bank is a bank–even in Canada. But what does that mean exactly?

What is a bank in Canada?
Three seniors are sitting at a table posing for a selfie photo as they play poker together. it's a symbolic photo representing how tontines work.

Retired Money

Tontines in Canada: Moving from theory to practice as a solution to our retirement crisis

You may be hearing about new products that sound like tontines, even if they’re not called tontines. Here’s why....

Tontines in Canada: Moving from theory to practice as a solution to our retirement crisis
An adult man, acting as power of attorney, hugs his senior mom. He's wondering about gifting her assets while she's in a home.

Ask a Planner

Gifting a parent’s assets using a power of attorney

As power of attorney, does it make sense to divide up a parent’s assets before their death?

Gifting a parent’s assets using a power of attorney