Compound interest calculator: How to use one and how interest grows
Watch your money grow—or calculate how much money you will owe in total—with the MoneySense compound interest calculator. Here’s...
Taxes
Should you withdraw from non-registered or TFSA investments in retirement?
When starting to draw down your investments in retirement, should you sell your non-registered or TFSA stocks, or both?
A strategy for non-registered and TFSA accounts in retirement
Between a TFSA and non-registered accounts, what is the most tax-effective way to withdraw to fund retirement?
Can you maximize your RRSP and TFSA with an income of $0?
With a year of no income, find out if it makes sense to max out registered accounts like an...
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Are spousal and child support payments taxable?
Spousal and child support payments are taxed differently. And lump-sum payments may come with their own tax implications.
How GIC returns are taxed in Canada
GIC interest rates are incredibly high—should you invest? Find out how GICs work and how GIC interest is taxed...
Can an executor borrow money to cover probate costs?
Executors have a few options when the estate has outstanding bills and no cash to cover probate fees. Find...
The tax implications of working abroad for residents and non-residents of Canada
What taxes do you owe when working in another country if you’re a resident of Canada or have significant...
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How to make better financial decisions—without regret—in a crisis
What is a decision crisis? How do you know if you’re in one, and what do you do next?...