Answers to some of your questions
On this page you'll find clear, concise and easy-to-read articles on some of the most important topics in personal finance. They are written with you in mind. They contain only what you really need to know without too many details, and outline how the topics apply to your personal finance life.
These articles are intended to give you a quick hit of understanding and help you get to know the language of money. To learn more and how it applies to you, let's talk.
What is a TFSA?
Tax Free Savings Account
Gains on your investments held in this type of account are not taxed. Ever.
What is an ETF?
Exchange Traded Fund
A type of investment that gives you instant diversification
for a low price
Active vs. Passive Investing
Two ways investment funds are managed
Active management means decisions are being made about what to buy and sell. Passive means a fund just mirrors an index.
What is an RRSP?
Registered Retirement Savings Plan
Gains on your investments held in this type of account are only taxed when you withdraw funds
What is a Mutual Fund?
A type of investment that gives
you instant diversification
but charges higher fees than ETFs.
What is an RESP?
Registered Education Savings Plan
Save for your child's education and get tax benefits and money
from the government.
Notice to readers
These primers are written with the aim of providing the most relevant information for the average person. I have left out details that aren't particularly important to most people. Also, I don't use caveats like "might", "may", and "sometimes" in cases where what I've written applies in most circumstances. This means that there might be exceptions that apply in your situation.
The information on this website is for educational uses only. It is not intended to be and does not constitute financial, investment or legal advice.
You should not use the information on this website as the sole basis for your decision making. Your financial situation in its entirety must be considered when making financial and investment decisions. Every effort is made to ensure the information on this website is accurate, however you should
make sure you have verified important details before applying the information to your personal situation. We are not responsible for errors and omissions on this website.