What is RBC InvestEase? Some people prefer to stick with the familiar and trusted, especially when it comes to choosing a robo advisor - and if this sounds like you, RBC InvestEase could be a good fit. Offered by one of Canada’s most well-known banks, RBC InvestEase offers clients the ability to dip their toes in passive investing while sticking with a tried and true financial name. In this RBC InvestEase review, we’re taking a look at how it compares to the best robo advisors in Canada s...| Million Dollar Journey
I’m a huge fan of robo advisors, and BMO’s robo advisor: SmartFolio is no exception to that. If you’re not familiar with robo advisors the basic idea is that you will determine your overall risk tolerance, and that BMO will set you up with an automated portfolio using big broad index funds that spread your investment risk out over thousands of companies and bonds. For example, the average Canadian 45-year old investor might fit pretty well into a portfolio that is 60% equities and 40% b...| Million Dollar Journey
Canadians have fantastic options when it comes to registered accounts. Registered accounts are beneficial for many reasons, the main reason being that they are tax advantaged. Tax advantage accounts are those that allow you to grow your money tax-free or allow you to defer paying taxes until later. However, all registered accounts are not created equal, and before you invest, you want to read our detailed TFSA vs RRSP guide to better understand what these two registered accounts can do for yo...| Million Dollar Journey
What is Wealthsimple? Wealthsimple was founded back in 2014 by Michael Katchen, Brett Huneycutt and Rudy Adler. I gotta say that I really liked the company more in its first few years than in its current iteration. For the first five years of its existence, Wealthsimple was solely focused on the product that is now known as Wealthsimple Managed Investing. Some people called this a “robo advisor,” others called it a “automated wealth manager” – whatever you wanted to call it, Wealths...| Million Dollar Journey
Why Justwealth? As I’ve updated my Justwealth review over the years, they have risen from a solid-but-not-elite option to the best robo advisor in Canada. How did they do it? By focusing on what matters. Frankly, while Justwealth has made great strides in the way their website looks, they still aren’t the most aesthetically-appealing option out there. They aren’t taking your money and paying a giant team of coders to make and update some beautiful app or clever TV marketing campaign. ...| Million Dollar Journey
The best stock trading apps in Canada have really improved since I started Million Dollar Journey seventeen years ago. New fintech companies have really pushed the old school banks to lower their fees, improve their usability, get more efficient at bringing on new customers, and just creating a better mobile stock investing experience. While I’m still a big advocate of using a desktop for DIY investing, (hence my focus on that platform for my best online brokers in Canada comparison) I have...| Million Dollar Journey
The best Canadian high interest savings accounts for 2024 combine a mix of high interest rates, with no-fee banking, and elite user-friendly platforms. One thing to note right off the top: If your savings goal is more than 6 months in the future, you should likely be checking out our Best GIC Rates in Canada Comparison instead of using a high interest savings account. That said, our top HISAs are an excellent short term investment option when it comes to saving for a trip, storing an emergenc...| Million Dollar Journey
Canada’s best robo advisors are an excellent investing solution for the many folks who are intimidated by the thought of buying and selling shares on their own - but who don’t want to pay the outrageous mutual fund fees that come with the traditional investments recommended by banks and credit unions. There is incredible value in automatically taking a piece of your paycheque every month and automatically turning it into a diversified investment portfolio. Way too many of us hesitate to g...| Million Dollar Journey
Canada’s all-in-one ETFs (also called portfolio ETFs) have been the single most important investment product innovation since I’ve started writing about this stuff nearly two decades ago. The Vanguard, iShares, and BMO all-in-one ETFs are the perfect marriage of index investing strategy, convenience, asset allocation math, and behavioural safeguards. These ETFs - which are actually a collection of smaller ETFs - are so diverse that they actually include several of the Best ETFs in Canada,...| Million Dollar Journey
When looking for the best financial advisors in Canada (or best financial planners in Canada) you’re going to run into a lot of slick salespeople who are really good at using confusing language and scaring you into the financial products that pay them best. Canada’s mutual funds and insurance products are amongst the most expensive in the world, and there is a massive amount of money to be made by selling them to you - even if they’re a really bad fit for your situation. Many people thi...| Million Dollar Journey
As we look ahead to summer and the second half of 2025, it’s time for an updated look at the Best Online Brokerages in Canada. With RRSP season in the rearview mirror – and what might be shaping up to be another round of “tariff season” drama ahead – now’s the time to lock in the easy DIY investing wins. I’ve been writing about Canadian online brokers for nearly 20 years, and the changes in the space have been massive. Fees have plunged, platforms are smoother than ever, and com...| Million Dollar Journey