Money Myth 5: "You need a lot of money to start investing." Not true.

$100 a month, started at 25, can grow to about $190,000 by 65 at 6% a year. Start 10 years later and you end up with about half.

#MoneyMyths #Investing #TFSA #PersonalFinanceCanada #StockMarket

More and more people are asking ChatGPT and other AI tools how to manage their money. We wanted to know how reliable the answers actually are.

The best one scored 94%. The weakest scored 82%.

The full results are on our blog.

#AI #ChatGPT #PersonalFinanceCanada #TFSA #RRSP

Money Myth 4: Paying off your mortgage early is always the best move.

Extra money on your mortgage saves you interest at your mortgage rate, and that saving is guaranteed. But the same money can do more somewhere else.

#MortgageTips #PersonalFinanceCanada #DebtFreeCanada #FinancialLiteracy

Money Myth 3: A raise can leave you with less money

A higher tax bracket won’t eat your whole raise. In Canada, the higher rate applies only to the income within that bracket. The dollars below it keep their lower rates.

#MoneyMyths #CanadianTaxes #PersonalFinanceCanada #SalaryNegotiation

It's time for our weekly roundup of money opportunities in Canada and this week is stacked 🔥

All the details on our website: link in bio.

#PrimeBigDealDays #CanadaDeals #AmazonCanada #PersonalFinanceCanada #SaveMoney

Money Myth 2: A TFSA is just a savings account.

A TFSA (Tax-Free Savings Account) can hold more than cash. You can put GICs, bonds, ETFs and stocks in it too. Whatever grows inside the account is tax-free.

#TFSA #PersonalFinanceCanada #InvestingInCanada #FinancialLiteracy

Money Myth 1: Rent is throwing away money.

Owners lose money every month too. Mortgage interest, property tax and repairs never come back, just like rent.

The catch: renting only wins if you actually invest the money instead of spending it.

#RentVsBuy #PersonalFinanceCanada #FinancialLiteracy

Bond yields are rising around the world. Canada's 10-year rate hit 4.0% this week, up from 3.45% in July and its highest level since October 2023. In France, it's the highest since 2008.

#Canada #BondYields #PersonalFinanceCanada #InterestRates #Mortgage

October is busy in Canada. 30 dates to know this month: benefit payments, class action deadlines, settlement hearings, elections and holidays. Save this so you don't miss one.

#Canada #PersonalFinanceCanada #ClassAction #CanadaChildBenefit #October

It's Monday, and that means a new Weekly Money Opportunities. Every week we go through the deals, bonuses, payments and deadlines worth your time, so you don't leave money on the table. Here are this week's picks 👇

#canadianfinance #canadiandeals #moneycanada #personalfinancecanada #castlevania

Canada helped invent modern AI. So why is the chatbot on your phone probably American?

Our full article gets into the question behind all of this: could Canada build its own ChatGPT, and does it even need to?

#canadianfinance #personalfinancecanada #moneycanada #aicanada #artificialintelligence

This week’s money opportunities in Canada:
💰 Up to $410 with Simplii
🎁 Discounted Uber, DoorDash & other gift cards
👟 Adidas deals on Amazon
⏰ Class-action deadlines + benefit payment dates
Our weekly roundup 👇
#Canada #PersonalFinanceCanada #DealsCanada #SaveMoney #canadianmoney

Some of Canada’s biggest dividend stocks are having very different years.

A few combine strong yields with big YTD gains, while others show why a high yield can sometimes come with a falling share price.

#DividendStocks #CanadianStocks #TSX #InvestingCanada #PersonalFinanceCanada

🏠 An $837,200 condo.📱 75GB for $35/month. 💳 Up to $200 in extra credit-card rebates.
We dug through this week’s offers to find you the best deals you can get in Canada this week in our weekly roundup.
www.canooq.ca/blog/weekly-...
#Canada #DealsOfTheDay #PersonalFinanceCanada #SaveMoney #CanadaDeals