Interestingly, spouses with very different—even opposite—investment personalities may quite easily develop an investment program that’s just right for the couple. Yet, in some cases, partners who view investing the same way may need to proceed with caution.

Financial behaviourists have identified well over 20 investment biases that can tempt or lead individuals to invest in a particular way. Generally speaking, none of the biases is good news for investors.

Fortunately, investors who have an advisor aren’t vulnerable to making poor decisions out of fear, hope or any number of irrational reasons. However, understanding investment biases is still valuable. You’ll gain insight into portfolio decisions and better appreciate why not all investments hyped as winners are good opportunities.

Whether the amount is small or large, whether it applies to a couple of years or many, Canadians don’t like their Old Age Security (OAS) pension clawed back.

The clawback is officially known as the OAS pension recovery tax. A taxpayer repays 15% of the amount by which their taxable income exceeds the threshold amount, which is $90,997 for 2024. Here are some common ways to manage the clawback.

When choosing how to make a large charitable gift, the number of available options can seem overwhelming—especially when each brings its own financial benefits.

To simplify matters, here are personal situations you may relate to, along with donation methods for each.

Naming a beneficiary in a will may be seen as the most common way to leave an inheritance to a loved one.

However, in certain situations, many people choose to give an advance on an inheritance during their lifetime or have the funds distributed in the years following their passing.

Relationships depend on trust, and yet research consistently shows that couples aren’t always completely open with each other about their finances. For example, TD’s 2021 Love and Money survey found that 28% of Canadians in committed relationships had a financial secret they hadn’t shared with their partner—and 64% of those with a secret said they have no plans to ever tell their partner about it.

Each loyalty program has its own rules about whether points can be transferred to a beneficiary, so check your programs’ policies. When allowed, list the loyalty program in your will and name the beneficiary of the points. Also, provide your executor with each loyalty program’s login information.

The day may come when your parents find it more difficult to take care of their financial matters. Your help can make a difference, whether it’s in the form of your time, advice or financial assistance.

Good credit is important whenever you need to borrow to accomplish your goals—say, to buy a car, start a new business or put a downpayment on a home. So, how can you keep your credit score with Canada’s credit bureaus (Equifax and TransUnion) healthy, so your loans get approved at the best possible rate?

It’s called the retirement risk zone—the period of several years before your retirement date and the initial years of your retirement. The risk is a severe market downturn and its impact on your retirement savings.