The Tax-Free Savings Account (TFSA) is often called the Swiss army knife of financial accounts since it can be used for so many different purposes. Also, A TFSA can meet the specific needs of different age groups.

When the recent Middle East conflict broke out, many investors wondered whether it would eventually affect their portfolios. Some global events don’t affect markets, while others trigger corrections or crashes.

Canada is the only G7 nation without an estate or inheritance tax, but the government still collects tax on Canadians’ estate assets, often at the top marginal rate.

With steep home prices, strict mortgage regulations and a high cost of living, today’s first-time home buyers face a major financial challenge. It’s no wonder so many turn to their parents for assistance.

Making arrangements for your own funeral may not be the most pleasant of tasks, but think of the consequences if you don’t make plans. Without knowing your preferences, your estate administrator and family members will have to make difficult and sudden decisions while they’re grieving—hopefully without disagreements.

Having a baby is a beautiful and completely new experience, as you care for your newborn around the clock. You may never have felt so much responsibility.

A recent report lists Canada as having the highest percentage of couples without children among all developed nations.¹ Financial life is different for this demographic group, with unique issues and opportunities.

When one spouse is primarily a saver and the other a spender, you may think it spells trouble—but that’s not necessarily so. If the couple takes the proper steps and collaborates, they can arrive at a healthy middle ground.

Most people are familiar with the term “executor”¹ and generally understand it refers to a person responsible for administering a deceased individual’s estate. While that definition is accurate, it is so broad it offers little insight into what the role actually involves.

The more money you make, the more money you spend. That may seem perfectly sensible, but what if you spend all of the extra money you make? Now you’ve enhanced your lifestyle, but you’re no further ahead in achieving your financial goals.