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Questrade vs. Wealthsimple: which online investing service is right for you?

If you’ve decided to try out online investing and have narrowed down your choices to Wealthsimple and Questrade—congratulations! Both are solid Canadian options that can help you grow your money and achieve your investment goals. But choosing between the two can be tricky. While the two financi ...

How should a 24-year-old invest now to minimize taxes in the future?

Q. I’m 24 years old and have a dilemma. I have made the maximum contributions to my Tax-Free Savings Account (TFSA) every year, and now I’m wondering what money moves I should make next. By that, I mean what is the best investment route for me at this stage of my life so that I pay the least am ...

What’s the best way to pay for a master’s degree in the U.S.?

Q. My daughter, Sonia, is 27 years old with a bachelor’s degree in English from a Toronto university. Needless to say, she is currently not working in the field that she was trained in. She thinks going back to school would enhance her employability in the writing and publishing industry, so she ...

One for the money

For Megan*, having control over her money after her divorce brought some sense of relief. As the sole breadwinner near the end of her marriage, she says her biggest financial weakness was her ex, an excessive spender. “I’ve always paid off my credit card bills every month and put 10% of my pay ...

7 ways to prepare for retirement

1. Face the facts Saving for retirement is always a challenge. But a number of factors have added up in recent years that make it even tougher on those entering or preparing to enter retirement. Jonathan Chevreau, Retired Money columnist for MoneySense, says the strength and predictability of defin ...

3 ways to set your kids up for financial success

The kids are back in the classroom and leaves are starting to turn — change is in the air. Now is the perfect time to start a new season of planning for your kids’ financial future.These three essential steps will help you set your child up for success in their financial lives and beyond. Maxim ...

What investors need to know about changes to TD e-series Funds

Changes to several TD mutual funds were proposed in August 2019. Some of those changes impact active TD mutual funds that will be merged, but the focus of this column is the changes to TD e-Series funds that are part of the Canadian Couch Potato model portfolio that we’ve referenced at great dea ...

How to upgrade your career

Back in 2017, Soma Jankovics-Erős knew he had what it would take to switch careers from a customer success specialist to a software developer. He had already picked up basic coding skills in his spare time using the online learning platform Lynda (now called LinkedIn Learning), and translated thos ...

“Am I on track?” Krista, a 34-year-old Montrealer, saves $20,000 a year

Q. I would like some advice on saving for retirement. I’m 34 years old and hope to retire at age 65 with a gross income of $70,000 a year. I currently earn $110,000 annually from my job at a law firm. I recently ran a quick, non-scientific calculation and, assuming I die at age 100 (and I presume ...

Meeting with a financial planner for the first time? Here’s how to prepare

Q. My wife, Gina, just got a new job and her employer provides both a pension plan and free meetings with financial planners. We’re both 31 and have never gone to a planner before, so I was wondering how we should prepare for our meeting next month. Our combined income is about $100,000 gross, an ...