Skip to main content

Personal Finance 101

Personal finance is the art of managing your money. How much to save, where to invest and how to budget. None of us are born knowing how to put together a smart, simple financial plan. That’s why we’re here.

Explore Category
Investing

Investing 101 For Beginners | How To Start | Wealthsimple

15 min read

Want to invest like a pro? Learn the basics of investing from us and we'll have you on the road to investing in no time.

How the Stock Market Works In Canada?

11 min read

Losing sleep wondering how the stock market works? Today's your lucky day. We'll impart all you need to know to become a market pro in...

Active vs Passive Investing in Canada 2022

9 min read

Not sure of the difference between these two investment philosophies? Not for long you're not! We'll set you straight and even...

Financial Advisors: How To Choose & The Cost

14 min read

Find out exactly what a financial advisor does, what they cost, and why you might need one. We'll also give you our best advice...

Best way To Invest Money In Canada 2022

15 min read

All the fundamentals the beginning investor should know to make wise investment decisions. Find out how and where you should invest your...

Best Investing Strategies

7 min read

There's no one-size-fits-all best investing strategy—everyone's needs and goals are different. But there are some basics that most...

Explore category
Explore Category
Saving

Emergency Funds: What, Why & How Much

6 min read

Even if you’re subsisting on $.30 packages of ramen, you still gotta have a kitchen in which you can prepare it. This is where the...

Best High-Interest Savings Accounts in Canada

9 min read

Find best high interest savings accounts in Canada using our 2022 comparison. We provide tips on choosing and compare accounts...

How To Save Money - Top Saving Tips

19 min read

You're wondering how to save money. It can be tough, but we have all the tips and tactics you need to get started saving money.

How to save for a house

9 min read

Get advice, tips, and tricks to help you figure out how to save for a house and get the downpayment you need to own your dream home.

What Is A Savings Account? And How Do They Work

5 min read

Wondering what a savings account is? We'll explain what they are, how savings accounts work, how to open one and calculate the...

How much cash should I keep as emergency savings?

1 min read

The general rule of thumb is that you should have three to six months of expenses saved away.

Explore category
Explore Category
Taxes

How to File Taxes Online for Free in Canada

7 min read

Learn how to file taxes online in Canada. This guide will go over the different options you have to submit a complete tax filing...

Canada Tax Brackets 2024 | Federal & Provincial/Territorial Tax Brackets

6 min read

You know there are tax brackets in Canada — but what are they this year? Wonder no more. Click here to learn everything you...

Capital Gains Tax in Canada in 2024

6 min read

You may be familiar with the term capital gains, but if you’re not sure about the details or how it might apply to you (and how to try...

The Ultimate Guide to T4 Slips

5 min read

The T4 is the king of the jungle of tax slips. This quick guide will provide all the essential T4 info you’ll need about the famous T4...

A Guide To Form T2200

4 min read

If you’re an employee who hopes to deduct work expenses, you’ll need Form T2200. This guide tells you everything you need to know.

Explore category
Explore Category
Crypto

What is Cryptocurrency: A Beginners' Guide

9 min read

Cryptocurrencies are a type of digital asset that run on blockchain technology. Here’s everything you need to know.

Ethereum vs Bitcoin: The Difference

8 min read

Ethereum and Bitcoin are the largest and most important cryptocurrencies in the world. Here’s how they are different.

Explore category
Explore Category
Accounts

Everything You Need to Know About Tax Free Savings Accounts (TFSAs)

8 min read

A Tax Free Savings Account is not only one of the great wonders of the world, it’s also one of the great misnomers of the...

What Is the TFSA Limit for 2024?

4 min read

Curious to know the TFSA limit for this year or any year since 2009? We've got 'em all, plus other important information about limits.

What is an RRSP? Registered Retirement Savings Plan Explained 2024

6 min read

An RRSP happens to be one of the most important accounts Canadians can use to prepare for retirement. Read on to learn...

Everything You Need to Know About RRSP Contributions

8 min read

A Registered Retirement Savings Plan (RRSP) is a savings account to help you plan for your retirement. Here’s how it works.

You can withdraw RRSP funds without paying taxes. Here’s how.

9 min read

Thinking of withdrawing your RRSP? Here's everything you need to know about RRSP withdrawals, from withholding tax to...

Chequing vs Savings Account

5 min read

What's the difference between a savings and chequing account — we compare them both and let you in on the pros and cons of each.

Registered Education Savings Plan (RESP): What it is and how it works

8 min read

An RESP is a tax-advantaged savings account for a child’s future education, funded by the Canadian government. Here’s how to...

What's a LIRA?

2 min read

It's an account that lets you roll over money from a pension account after you leave your job.

Explore category
Explore Category
Finance

Employment Insurance in Canada

5 min read

Employment insurance is a government program that ensures you’re financially supported if you lose your job. Here’s who’s eligible, and...

How to Prepare for a Recession

8 min read

The threat of recession is always with us. Some experts think one may be coming soon. So let’s talk about how to prepare for a recession.

How to Make a Budget

9 min read

It's never too late to learn one of the most essential life skills: making and sticking to a budget. Let us show you how to budget like a...

The Ultimate Guide to Money Management

13 min read

Managing your money is deceptively difficult. Even those with a lot of it can easily put themselves in a financial hole. And those who...

How to Switch Banks

4 min read

If your current bank isn’t meeting your needs, it’s time for a change. These steps will teach you how to switch banks.

What’s a good credit score?

1 min read

Here’s the simple, three-digit answer you’re likely seeking. Anything above 700 is considered a “good” credit score.

Explore category
Explore Category
Retirement

How Long Will My Retirement Savings Last?

10 min read

Find out how long your retirement savings will last and what you can do to extend that time regardless of how much you have.

When Can I Retire?

6 min read

Flummoxed about the exact age you should retire? This easily-followed guide will provide you with all the factors you'll need to take into...

Retirement Strategies

9 min read

Retirement can be your second childhood—but hopefully with a lot more money. We've got a few helpful financial strategies to keep your...

Explore category

Wealthsimple is investing on autopilot.

Get Started

Explore Other Categories

Other popular articles

See all

Investing

How to Invest in Index Funds Canada in 2022

5 min read

Index funds function like a slice of a particular index market by mirroring its composition and performance. This can be great for passive investors, but also comes with some caveats.

Accounts

RRSP vs TFSA: The Ultimate Guide

19 min read

We love both RRSPs and TFSAs. They're great retirement-saving tools that offer significant tax benefits. But which account is right for you?

Retirement

How Long Will My Retirement Savings Last?

10 min read

Find out how long your retirement savings will last and what you can do to extend that time regardless of how much you have.

Accounts

TFSA Withdrawal – Top Things to Know

5 min read

You want to take money out of your TFSA. Here's everything you need to know about withdrawal fees, penalties, taxes, and more.

Investing

How to Buy Stocks in Canada 2022

12 min read

Easy-to-follow instructions to get you started buying, selling and hopefully making money investing in stocks.

Finance

When can and should I write my will?

1 min read

You can start at 18. When you should start depends on a few things.

Show your money its worth

Join the 3 million Canadians choosing Wealthsimple as a trusted place to invest, trade, save, and more.