The Problem of No Pension Benefits Hannah’s Exciting Start At 24, Hannah has just graduated with a master’s degree, specializing in Information Systems and Design. She’s landed a job in the tech sector in Toronto, earning a solid salary of $85,000 per year. The Missing Piece While the job...
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It should be understood that investing can be challenging. In this case, I’m not talking about the process of investing, the purchase of a mutual fund or Exchange-Traded Fund (ETF). Rather, I am referring to the uncertainty, the inevitable fluctuations in the prices of the...
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The image above, posted on Flickr, is of a Hina Matsuri display, the Doll Festival, held in Japan on March 3 every year. On this day, families with girls wish their daughters a successful and happy life. March 3, 2025 also happens to be the...
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Tax Planning is Important Taxes may not be the first thing on a young person’s mind, but neglecting tax planning early in life can lead to missed savings opportunities and financial inefficiencies. Many Generation Zed* (hereafter GenZ) individuals: Overpay taxes by not taking advantage of available credits...
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In the YouTube video A Day in the Life of a Financial Advisor – Funny or Truth, a woman sits down with a financial advisor, unknowingly burdened with misconceptions and a dose of naïveté about personal finance. Her questions and concerns provide a helpful reflection...
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The Income and Wealth Gap The Context An unattached Canadian is a person not in an “economic family,” that is, a person living either alone or with others to whom he or she is unrelated, such as roommates or a lodger. Unattached Canadians are a growing demographic...
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Matthew and Nicole, both 35, are eager to start a family next year. They’re financially comfortable, with a combined gross income averaging $240,000—but there’s a twist. Matthew’s income fluctuates based on bonuses and sales revenue, leaving them with somewhat unpredictable income. On top of that,...
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Matthew (Matt) is a 27-year-old social worker with a Master of Social Work (MSW) degree, which he completed three years ago. Currently working in the healthcare sector, Matt has seen firsthand how financial instability can cause stress and hardship. Whether due to inadequate insurance or...
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Meet Ashley and Ryan There are many high-income earning households across Canada. Some of them may have stepped into high-paying roles early on, while others have had careers that had the potential for high incomes that were not realized until 15 or 20 years or more...
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I follow a few Facebook pages that have to do with personal finance, retirement, etc. In a post, a man I’ll call Alan is 35 years old and has recently received a $100,000 inheritance that he hopes to use to build up his retirement savings....
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