Demystifying Loans

Demystifying Loans

Loans can be a complex financial mine field to navigate. With such a variety of credit now available it can be difficult to see which option would be best for you. At some point in life, we may all need a loan, whether to help 

Do you know what the difference is between TFSA and RRSP?

Do you know what the difference is between TFSA and RRSP?

According to the BMO Financial group, [quote]40% of Canadians still don’t know the difference between a TFSA and RRSP.[/quote] This sounds like a high figure but in speaking to some of my peers, personal finance is not a topic most people enjoy to talk about. The 

Are Financial Advisors and Financial Analysts the Same of Different?

Are Financial Advisors and Financial Analysts the Same of Different?

The investment industry is often amused by surveys of consumer knowledge that reveal that the average investor is confused by various terms and appellations, whose purpose is to inspire confidence and delineate the roles of “experts” within the investment field. Three-letter designations say much as to possible career 

Best Practices for Investing and Minimizing Taxes When Possible

Best Practices for Investing and Minimizing Taxes When Possible

Investing wisely takes time, knowledge, and a detailed strategy in order to reap the best rewards for your efforts. Just like any major commitment in life, best practice investing requires putting a plan in place that includes setting goals, monitoring progress, and when necessary, making 

Expenses you can deduct as a blogger for tax

Expenses you can deduct as a blogger for tax

As a blogger running Canadian Personal Finance, I have expenses. I also run both of these blogs as a business as they generate revenue and that is my main goal with these blogs (not a hobby). One of the best things a person can do to earn 

Canadian stock has increased their dividends the most over past 10 years

Canadian stock has increased their dividends the most over past 10 years

Rob Carrick, Personal Finance Columnist at The Globe and Mail, on his Facebook page, listed a chart yesterday that showed the top 20 TSX-listed stocks that have increased their dividends the most over the past 10 years. It was surprising to me which company was #1. It is 

Canadian Financial Brag

Canadian Financial Brag

If you are a proud American, you might want to skip to another page. This might hurt a bit. If you are a Canadian, you get relief from the pain. As a Canadian, you are probably used to looking with envy across the border at all 

11 Step Guide for Financial Freedom

11 Step Guide for Financial Freedom

Most people dream of attaining financial freedom but only a few turn it into reality. If you want to become financially successful, there are few actions that must be on your to-do list for sure: prioritize your debts, Seek options for additional income and part 

3 Canadian Tax Reductions you may have missed

3 Canadian Tax Reductions you may have missed

1. If you have children claim the Children’s fitness tax credit. If you have children who were under 16 in 2011, consider whether you can claim the children’s fitness tax credit and claim up to $500 per year for eligible fitness expenses paid for each child. Childcare 

3 Ways to Get Money for Your Old Car

3 Ways to Get Money for Your Old Car

If you have an old, near-worthless vehicle, you can usually make a few extra hundred dollars from it by doing some research and using a few simple online tools. Here are a few ideas to consider when getting rid of your old car. 1. Car