Advisorsavvy Blog Archives

Best Canadian Stocks: Top Picks

Investing in the stock market can be a wild ride with lots of ups and downs even in the best of times. And the coronavirus pandemic has had a huge impact on world markets. The Canadian stock market is no exception.

Best Investing Books For Canadian Investors

Sound investment advice can be found in the best investing books for Canadians. These are written by people who have ‘been there, done that’ in the finance and business sectors. Investment books can become your own playbook for the common sense of investing when you learn from the knowledge and experience shared.

Financial Planning Tips For Students And Young Professionals

Financial Planning Tips Student Young Professionals

Decisions you make early in life can have a big impact down the road. So it’s important to invest in Finance 101 to ensure a secure future.

Tips On How To Save Money

Maximizing financial resources to make ends meet, save money, and live better is a big priority for most of us. However, that’s easy to say but sometimes harder to do for many Canadians.

Coronavirus Response: Seven Personal Finance Tips

Coronavirus Personal Finance Tips Canada

It seems everyone, everywhere has been affected in some way – big or small – by the COVID-19 pandemic. Many people are feeling at the mercy of forces they can’t control, especially concerning personal finances.

The Best Discount Brokerages In Canada

Today, you don’t need to hire a broker to manage your investment portfolio. If you’d rather go it alone, you can sign up to use a discount brokerage and run your investments how and when you see fit.

How To Fix TFSA Over-Contributions

TFSAs are a great savings tool with very few limitations. However, there is one important limitation – how much money you can put into the account in any given year.

Getting Help With Bankruptcy In Canada

For many people, the pile of debt under becomes so high that it’s hard to see a way of getting it under control. When that happens, when it becomes too much, when you no longer have access to credit and your income is not enough to manage the debt – it’s time to file for bankruptcy.

Wade Karfor Financial Planner, IG Wealth Management, Oakville

It seems like Wade Karfor was always meant to be a financial advisor. While he tried out a few other career avenues, he eventually gravitated back to his father’s business and became a financial advisor at IG Wealth Management.

The Best Financial Planning And Retirement Calculators

Thankfully, we live in the digital age, where access to information is at our fingertips. And there are so many online financial planning and retirement calculators to choose from. Their easy-to-use platforms provide a real-time view, for both short- and long-term planning.

How To Fix RRSP Over-Contributions

A Registered Retirement Savings Plan (RRSP) is one of the best ways to save for retirement. It offers so many long- and short-term benefits. However, it’s important to understand exactly how much contribution room you have in any given year.

What Is An RESP And How Does It Work?

Funding post-secondary education in Canada is becoming more and more costly. Long gone are the days when working a summer job paid for a year of school. If higher education is in your future, ideally you or your family invest in an RESP — and have been for a while.

Capital Gains Tax In Canada: What To Know

Capital gains taxes are most commonly associated with real estate. However, they are also charged with a wide variety of investments and the resulting income.

What Is The Lifelong Learning Plan?

RRSPs exist as a way to help Canadians save for the future. And as an added bonus, it shelters your income in a savings vehicle the government doesn’t touch until you’re ready to retire. However, what if you want penalty-free access to the money before then? The Lifelong Learning Plan is one way to safely unlock those funds.

What Is A Spousal RRSP?

Are you one of the all-too-rare, but lucky, people with a solid pension waiting for you in retirement? For those of us who aren’t so lucky, it’s wise to start investing in RRSPs as soon as work-life begins.

How To Invest In Stocks

The stock market can feel like a vast abyss into which you throw your hard-earned money. And, it can be hard to decide how best to invest, much less the best stocks to choose from.

ETFs: The Complete Guide for 2021

Learning the difference between a mutual fund and an exchange-traded fund (ETF), for example, can help you choose the best option for you today, and into the future. To help you decide, here is a complete guide to ETFs.

Top Retirement Planning Tips For Canadians

How many of us have been planning for retirement since the first day of work? *raises hand* But have you researched the top retirement planning tips to help maximize your plans?

How Much Money Do I Need To Retire In Canada?

If you are like most people, you have been looking forward to retirement for the better part of your career. We know that planning for retirement is an important part of any financial plan. But what we don’t necessarily know is how much money we need to retire in Canada, comfortably.