Margin Loan and Mortgage_ Major Similarities and Differences

Margin Loan and Mortgage: Similarities and Differences

When you first consider the concepts of margin loan and mortgage, it might feel like you're meandering through a strange and confusing territory. Both are actually types of loans, but they serve distinct purposes and come with their risks and rewards. In Canada, it’s important to understand how these loans work, when to use…

October 26, 20240Comments

ByOreoluwa Fakolujo

Investing

Maximizing Wealth With Tactical Investing in Canada

As a smart investor, your goal is to make intelligent decisions that will grow your wealth over time. You may have heard terms like “buy and hold” or “long-term investing,” but another approach that may grab your attention is tactical investing. Unlike a traditional buy-and-hold strategy, tactical investing is a more hands-on approach, allowing you…

October 17, 20240Comments

ByOreoluwa Fakolujo

Investing

Understanding Capital Gains Tax in Canada

Understanding capital gains tax is essential for Canadian investors looking to maximize their returns while staying on the right side of the law. Whether you're selling stocks, real estate, or digital assets like cryptocurrency ETFs, capital gains tax significantly determines how much of your profit you'll keep. In Canada, the government taxes only a portion…

September 15, 20240Comments

ByOreoluwa Fakolujo

Investing

How Wealthica Can Help You Avoid Financial Mistakes

Managing personal finances can be overwhelming, especially when navigating Canada's unique financial landscape. Canadians face various financial challenges, from understanding the nuances of tax-advantaged accounts like RRSPs and TFSAs to keeping track of investments and debt. Wealthica becomes a powerful ally, helping you avoid common mistakes that could otherwise jeopardize your financial future. By providing…

September 1, 20240Comments

ByOreoluwa Fakolujo

Cryptocurrency ETFs_ A Comprehensive Guide for Investors In Canada

Investing

Cryptocurrency ETFs: The Canadian Investor’s Guide

The Canadian market has been at the forefront of the adoption of cryptocurrency ETFs. For instance, the Purpose Bitcoin ETF, launched in February 2021, made headlines as the world's first physically settled Bitcoin ETF. This product allows investors to buy shares that directly correspond to Bitcoin holdings, offering a straightforward way to gain exposure to…

August 20, 20240Comments

ByOreoluwa Fakolujo

Investment Strategies_ A Comprehensive Guide for Canadian Investors

Investing Help and How To

Investment Strategies: The Canadian Investor’s Guide

The quest for financial prosperity often leads investors to explore various investment strategies. Each strategy offers a distinct approach to navigating market complexities, balancing risk with potential returns, and achieving long-term goals. For Canadian investors, these strategies must be tailored to the unique dynamics of the Canadian market, considering factors like tax implications, economic conditions,…

August 3, 20240Comments

ByOreoluwa Fakolujo

Investing

How to Make a Financial Budget

Creating a financial budget is like constructing a blueprint for your financial future, offering clarity, control, and confidence in managing your money. In Canada, budgeting becomes even more crucial as it helps navigate varying costs of living, unique tax implications, and regional economic factors. Whether you're saving for a home in bustling Toronto, planning for…

July 15, 20240Comments

ByOreoluwa Fakolujo