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…
Investing
All about stocks, robo-advisors, ETFs and investing.
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…
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…
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,…
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…
I was using Mint for a number of years and have been a Wealthica user for around three years. Initially, I thought that there was not much comparison between Wealthica vs Mint, but in reality they are quite different. Although they are both net worth trackers, Mint is more for day-to-day budgeting and Wealthica is…
This collaboration brings an exclusive offer to our users and an alternative to keep using Wealthica for FREE. It also enables users to connect their goPeer login with the other banks or brokerage they use.
We're excited to announce that we're partnering with goPeer, peer to peer lending canada, so you can get Wealthica Connect (Sync up…
Investing 100K for passive income is not an easy feat. The problem is not the size, of course, but the word “passive”.
People might have $100K available to invest (and congrats!), but there isn’t any practically helpful guide when it comes to this aspiration.
No doubt, online articles are a great source of information. But…
We often learn about hedge funds that incorporate a strategy called quantitative investing. These are also called quant funds and were popularized in the last few decades. Believe it or not, this is not a strategy only hedge funds can use but also retail investors. That's why it's important to understand it.
So, what is…
We are excited to introduce the - Dividend Investor Power-Up - a new feature on Wealthica. 🥳 This powerful tool acts as a dividend tracker and analyzes income from your stock investments, giving you a comprehensive view of your dividends and future dividend forecast. This will enable you to make more informed decisions about your…
The pressure we faced by inflation this year is not unprecedented, but surely historic.
In this post, we’ll help you understand the investment opportunities in an inflationary environment…
Are you torn between choosing a TFSA and RRSP account? Worry not. In this article we will end the TFSA vs RRSP debate once and for all…
One of the things that you need to do while planning for retirement is determining how long you expect your retirement to last.
True, that’s easier said than done; predicting how long you will live as a retiree is not just dreadful, but also very easy to get wrong. What if you end up living…
Dividend Tracking shouldn’t be hard. Either a well-made dividend tracking spreadsheet or a dividend tracking app is enough to start tracking your dividends.
Canada's top financial experts are coming together to help you save more, invest better and worry less. The summit is designed to give you actionable advice through engaging seminars. Wealthica will be speaking at the summit to talk about our platform!
Learn how to:
Retire early on your own terms;
Invest better;
…
Do your needs go beyond what the RBC Direct Investing app can offer? No sweat. Wealthica’s app will help you track your net worth and investments in one place!
On July 17, the Financial Data and Technology Association (FDATA) of North America released a paper on competition issues around customer-directed finance (often referred to as "Open Banking") and the financial data access competitive landscape in Canada.
The paper’s release coincided with a virtual presentation by FDATA North America Executive Director Steve Boms, Senator Colin…
We're bringing you even more ways to effortlessly track all accounts in one place.
Late last year, we quietly introduced support for banking institutions as a beta, so you could track your global wealth across all your financial accounts. This feature enables you to add your regular bank accounts, credit cards, and investments you hold within…
Connecting your Wealthsimple account to Wealthica has never been easier. The Wealthsimple Trade and Wealthsimple API allow you to easily connect your account to Wealthica securely with just a few clicks. This means you no longer need to enter your credentials when connecting your Wealthsimple account to Wealthica, securely giving you instant control over your…
About a year ago, I reported on the Department of Finance Canada launching a public consultation on the merits of open banking. On January 31, 2020, Minister of Finance, Bill Morneau, released the findings from the first phase of the review by the Advisory Committee and announced that the committee will go through a…
In May 2019, Navdeep Bains, Canada's federal Minister of Innovation, Science and Economic Development, announced a Digital Charter which enumerates 10 principles for modernizing the rules guiding digital technology in the country.
There are two principles in it that are quite relevant towards the adoption of Open Banking. The third states “Canadians will have…
The Department of Finance Canada has launched a public consultation on the merits of open banking. Concretely, what would open banking legislation in Canada mean for Wealthica users? It could enable easier access to your data through third party apps like ours, perhaps without even entering your credentials. Such would also regulate how data is…
Simon Boulet, Wealthica's CEO, will be a speaker at the "Fintech Series - The Future of Advice" event on May 23 in downtown Montreal. Organized by CFA Montréal, the event will offer an overview of the rapidly changing financial advisory landscape due to technological and societal factors. It is open to both CFA and non-CFA…
On February 8, Wealthica’s partner Montreal-based startup Hardbacon launched its iPhone app, aiming to democratize investing among younger population groups. The application is compatible with a number of online brokers including BMO InvestorLine and TD Direct Investing. It is designed to help users monitor their investments as well as to obtain real-time analysis of their…
I had the opportunity to sit down with Bill and Chris Bruner, a father and son duo that founded the successful DIY investors community Stockchase. Recently, Wealthica acquired Stockchase, with the intention of continuing their ground-breaking work.
Hi Bill and Chris, nice to connect with the both of you. Can you please tell me a…