A Sensible RRSP vs TFSA Comparison

There is a growing sentiment among Canadians that somehow RRSPs are a government scam because you’ll be forced to pay tax on any withdrawals in retirement. That leads many to (sometimes) incorrectly declare that TFSAs are the better savings vehicle for retirement due...

February Is A Good Month To Do These Things

February is a busy month for your personal finances. You start to think about taxes, RRSP contributions, and making good on those January resolutions. Here are a few items to consider this month. February is a good month to… 1. Get prepared for tax season You...

How AI Can Help You Find & Save More Money

If you’ve been reading this blog long enough you’ll know that I’m a big fan of behavioural finance – that is, combining psychology and economics to help us understand why we make irrational decisions about money. This relatively new field of study has produced ground...

The Illusion Of Wealth

Would you prefer a lump sum of $300,000, or its equivalent monthly income stream of $1,000 for life? If $300,000 seems larger and more appealing to you than the monthly amount then you might exhibit a phenomenon known as the illusion of wealth. A 2014 study looked at...

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