You have dinner with a friend, realize you don’t have the ability to pay, but you agree to send your friend the money for your half at a later date. How would you do this? THE STANDARDS In Canada, there are a few standard options: Get cash from an ATM and give it directly to your friend:… Read More

Laurie Campbell is very passionate about improving financial literacy. When I saw her speak at the Financial Wellness and Retirement Readiness Conference in February of 2018, I was impressed by her devotion to helping people solve debt problems. Getting out of debt is hard and involves a lot of sa… Read More

Before the Tax-Free Savings Account (TFSA), we had two options when investing money in Canada: Non-Registered investments: You invest with your after-tax money, you pay tax on interest or dividends earned every year, and when you sell them you have to pay capital gains tax on any investment g… Read More

Matthew Jarvis is not a magician. Yet there are those that come to him when they are about to retire and expect him to make a small amount of retirement savings last for 30 years. Matthew is a Certified Financial Planner who’s clients are exclusively retired, or within 5 years of doing so, with at… Read More

An available balance on a credit card is not a licence to spend that balance on whatever you want. It is simply an option to borrow money. When you borrow money, you have to pay it back, plus the cost of the interest, over time. When you borrow money, you should always have a plan to pay it back.… Read More