TFSA (Tax-Free Savings Account) is a unique kind of investment account in Canada since investment gains and dividends are generally tax-free. In a regular non-registered account, dividends and...
Posts by Simplified Investing 101
Full Guide on How Credit Card Interest Works in Canada (Examples and Tips to Save Interest Fees)
Interest on credit cards is much higher compared to other kinds of debt, such as student loans, car loans, and mortgages. Managing credit cards is critical to one's financial future. Credit card...
Everyone has a savings account since we were young. Earning interest from a savings account, even only a few dollars a month, can feel great. Interest income on a savings account in Canada is...
At first, I was confused about the difference between TFSA and a savings account. After more than two years of holding TFSA accounts, TFSA can often be more beneficial over a savings account when...
GICs (Guaranteed Investment Certificates) and savings accounts often provide low returns since these are generally safe investments with little to no risk. GIC typically offers a higher rate of...
Price to earnings (P/E) ratio is one of the most important metrics in valuing a business or a stock. After all, the goal of any business is to make as much money as possible. This article will...