Posts Categorized: Finance 101

Finance 101. How do RRSPs work?

Finance 101. How do RRSPs work?

Getting started with RRSPs and saving for retirement? It’s time. You’re working and earning a good income. So, start investing and hit your magic number for retirement. Save part of your gross income in an RRSP account and those contributions will reduce your taxable income dollar-for-dollar. But how… Read more

Finance 101. Oil!

Finance 101. Oil!

We don’t just use it to drive. It’s in the roads we drive on. In fact, it is used in over 6,000 products that help make up modern life. “Oil, that is. Black gold. Texas tea…” And for a fossil fuel commodity supposedly going the way of the… Read more

Term insurance vs. mortgage insurance. A tale of 2 brothers

Term insurance vs. mortgage insurance. A tale of 2 brothers

Buying a home is a big deal. That’s why you really want to be able to trust the people who are helping you. But when your banker or mortgage professional recommends it… just say no to mortgage insurance. Going with individual term insurance instead, you’re consolidating your coverage. A private… Read more

The ABCs of an RESP

Today’s Canadian students are paying through the nose for ever-higher post-secondary tuition. which is probably why so many Canadian graduates have regrets about student debt. In a way, that regret is actually a good thing. It means these kids take personal finances seriously and want to get on… Read more

Financial advice for Canadian expats who want to invest

Financial advice for Canadian expats who want to invest

Canadian expats have a big need for financial advice. But that advice probably isn’t readily available. That’s a problem. After all, investing for retirement isn’t something you want to ignore until you get back. You’re living the dream, but still want to invest for your future. So for now, you’re… Read more

Dividends, interest or yield?

Dividends, interest or yield?

As a Canadian, you might just want to throw your arms up at this glowing opinion from an American about the value we get for our relatively high tax rate. MSNBC’s Ester Bloom casually links the government services we get in return with higher reported happiness. It… Read more

The impact of demographics on economics

The impact of demographics on economics

If demography is destiny, then what does the future hold for the economy and investors? At a recent Wine & Wealth event hosted by WealthBar, Nicola Wealth Management CEO John Nicola discussed this very topic. We can see that the population of the world is growing… Read more