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What is a Fee-Only Financial Advisor (and are there any in Canada)
Many Canadians are seeking for financial advice. While many young Canadians, including many of our readers, make their own financial research and use investment apps or approach more "modern" solutions such as robo advisors, there are still many financial advisory...
Can International Students Get a Credit Card in Canada?
According to a recent study, around 900,000 international students will choose Canada in 2023 for their higher education, making it one of the most popular study destinations globally. While the academic experience is enriching, the financial landscape can be a maze,...
Can The CRA Look At Your Bank Account?
When it comes to your bank account, privacy and security are of utmost importance. You may be wondering if the Canada Revenue Agency (CRA) has the authority to access your bank account. Let's dive into this topic and provide an overview of the CRA's powers in relation...
10 Highest Paying Part Time Jobs for Students in Canada in 2023
Are you a student in Canada seeking to boost your income while continuing your education? Explore our article that reveals the top 10 highest-paying part-time jobs for students in 2023. Whether you're interested in supporting educators as a Teacher Assistant, serving...
Are Heat Pumps Worth It In Canada?
If you're living in Canada, you're most likely accustomed to weather extremes. Winters can be harsh and long, while summers can be humid and hot. As a result, HVAC systems have grown in popularity, and many homeowners have been seeking out alternative heating and...
What is the Cheapest Way to Move Across Canada?
So, you're moving across Canada, eh? Well, buckle up because we're about to embark on a wild ride through the world of budget-friendly relocations. We'll explore the vast wilderness of moving costs, navigate the tricky terrain of DIY moves, and even dive into the...
Best Investment Apps In Canada
We are no longer in a world that requires too much paperwork, broker appointments, and more for a single investment. Today, thanks to investment apps, you can make investments with a click of a button. These apps offer various options and features that help investors...
Are Betterhelp & Talkspace Available In Canada? Best Online Therapy Services for Canadians 2023
Whether you're studying at the university or just starting life as a young adult, chances are you have been feeling anxious and stressed at one point or another. This is especially true with so many people having to care for their loved ones and themselves, stay away...
What Is A Civic Number?
Each residential and commercial property in Canada is given a unique number called a "civic number" by the local municipality. This number is used to identify the property and facilitate emergency services. The civic number, street name, and postal code make up a...
Can You Lose Money In A TFSA?
A tax-free savings account or TFSA is arguably one of Canadians' most beneficial savings and investment accounts. You can use it for holding mutual funds, bonds, stocks, exchange-traded funds, guaranteed investment certificates, and cash savings. However, if you don’t...
Can a Non-resident Open an Investment Account in Canada?
Given Canada’s stable and thriving economy, it offers a lucrative avenue to many investors. But if you’re a non-resident looking for ways to invest in Canada, there are certain restrictions on opening an investment account and the options available. The good news,...
Best VPNs in Canada [2023 Edition]
The usage of VPN software in Canada, and globally, was a direct result of two ongoing trends in 2019's internet. One strong motive to the ever-increasing popularity of VPN websites and programs is that media publishers are limiting their offerings based on the...
What Is The Equivalent Of 401K In Canada?
Numerous workplaces in the US provide a 401(k), a defined contribution retirement plan. As a result, the retirement benefit a plan participant will receive will depend on how much they contribute to the plan, whether their employer matches their contributions, and how...
Do Minors Pay Income Tax In Canada
Whether it’s working as a babysitter, a tutor, or a day camp counselor, every kid’s first job is always special. It’s an important milestone that teaches them valuable skills and encourages them to be responsible and independent. A first job is also an excellent...
What You Need To Know About Canadian GICs
A Guaranteed Investment Certificate or GIC, is a Canadian investment solution offered by banks and trust companies where you invest a fixed amount of money for a fixed term. GICs are low-risk investments where you never lose your principal amount. To know more, keep...
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– MyUniversityMoney staff