guide - Eager Beaver Money

How to manage an emergency fund

An emergency fund is an amount of money that you have immediately available for large unexpected costs and/or unexpected periods of reduced income. Many folks consider emergency cash a vital piece of anybodies portfolio and while that may be true there is also a cost to consider! For a

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TFSA or RRSP or Unregistered Investing

Not everyone can max out their registered accounts every year but with record high savings rates during COVID Canadas average savings rate is between 5-15%, so which accounts should you prioritize? tldr;If any of the following apply you may want to prioritize your TFSA You are nervous about using

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Self-directed Investing in 5 steps

DIY is one of the best ways to save money, changing your own oil, bagged lunches, mowing your lawn, shoveling your laneway; but self directed investing will save more than pretty much any of these things combined. A few hours of work can result in hundreds of thousands of dollars

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Get your tax refund early

Getting a big tax refund means you paid too much money to the government, these funds could have been in your investment account growing but weren’t. Big refunds can cost you 10's of thousands in the long run but thankfully there is a simple way you can begin getting

Mortgage

What is the Home Buyers Plan

There is alot of confusion on what incentives are available to home buyers. One of the most powerful tools for Canadians is the "Home Buyers Plan" (HBP). What is it?The HBP allows eligible Canadians who are buying a home the option to loan yourself up to $35,000 from

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What to do when you fill your RRSP and TFSA

So your have been a diligent Canadian and have worked hard and saved agressively to max out your registered accounts, now what do you do? 1. Unregistered investment accountStart an unregistered investment account which will allow you to continue to invest and take advantage of things like "Tax Loss Harvesting"

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What is an RRSP?

If you Canadian the “Registered Retirement Savings Plan” RRSP is a vital investment vehicle, while it may not be quite as valuable as your TFSA it can reduce the amount of taxes you pay and increase your savings in retirement if used properly. Why use an RRSP?The RRSP allows

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How to make $500,000 with your TFSA

How to using the TFSA can upgrade your retirement drastically?

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What are All-in-one index funds

Your bank is probably evil and so is mine. Any of the big banks in Canada (and even the smaller ones) push their own mutual funds on financially ignorant individuals and get them to pay exorbitant fees that are up to 1000% higher (over 10 times) then index funds and

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What is a TFSA?

If your a Canadian that is 18 years of age or older your most important investment vehicle is the “Tax Free Savings Account” or TFSA for short. As the name implies this registered account allows you to deposit money and invest it completely tax free which can save you hundreds

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Wealthsimple vs Questrade 2021

In the world of retail investing and saving, Wealthsimple and Questrade have poured millions of dollars into advertising this past year to get you thinking about them. They advertise their robo-advisors, low fees, and better returns than the big banks but which of them is better? Wealthsimple Trade and InvestThere