Canada's 2024 Federal Budget - New Taxes on Capital Gains
An overview of all the tax changes introduced in the recent budget and how they'll affect everyday Canadians.| Million Dollar Journey
An overview of all the tax changes introduced in the recent budget and how they'll affect everyday Canadians.| Million Dollar Journey
What is portfolio rebalancing, and should you do it? If so, then how and when? We cover everything you need to know.| Million Dollar Journey
Moving from the accumulation stage of my professional career, to withdrawing investments in early retirement was more difficult than I would have predicted a few years ago. For those who haven’t been following me since I started writing Million Dollar Journey back in 2005, I have slowly-but-surely detailed my rise from a very average net worth, to building an investment portfolio that allowed me to reach complete financial independence. Here are some of the key articles that I’ve written ...| 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
Now that we’re trading the dog days of summer, for the cool crisp autumn air, Canada’s robo advisors are rolling out some very tempting seasonal promos for Canadian investors. Justwealth is leading the pack with a cash bonus of up to $500 for new accounts – the best robo advisor offer we’ve seen yet! Even with more Canadians waking up to the high fees and lacklustre results of the big bank mutual fund model, too much of our investment money is still stuck in those traditional fee-suck...| Million Dollar Journey
How and when to pay yourself through your business. Are dividends better than a salary? Should you use income splitting, are pensions worth it and more.| Million Dollar Journey
Detailed guide on CCPC taxation - learn whether you should incorporate your business or not, and how much tax would you pay.| Million Dollar Journey
When I first wrote about the best financial advisors in Canada it got some attention from Canada’s wealth management companies due to the news and social media attention it received. If you’re not sure what exactly the difference is between a wealth management firm and a financial planning company – don’t worry – there isn’t one. The terms “financial planning,” “financial advisor,” and “wealth management,” are all vague terms with little legal meaning in Canada. You co...| Million Dollar Journey
