Personal Finance Basics

Take control of your financial future.

Your personal finance journey starts here

Personal finance can feel intimidating, but we’re here to help. Explore frequently asked questions about everything from insurance to investment products and budgeting. We’ll meet you wherever you are on your journey.

What is diversification?

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What is dollar-cost averaging?

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What is compound interest?

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Is it normal to get emotional over investing?

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What's the difference between stocks and bonds?

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What is the difference between registered and non-registered accounts?

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What is a mutual fund?

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What is an Exchange Traded Fund (ETF)?

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What are the key features of an RDSP?

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Should I opt in to my employer's RRSP matching program?

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Which funding strategy should I use for my child's RESP?

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What is an in-trust for account?

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What are RRSPs and TFSAs?

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How can I save for retirement?

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Can insurance be an asset class?

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What are the TFSA annual contribution limits?

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What is ESG investing?

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Four things to keep in mind during a volatile market

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What are nominal returns?

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How important is it to stay invested?

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What is the relationship between risk & return?

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What is the cycle of investor emotions?

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What are alternative investments?

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What is an RESP?

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What is asset allocation?

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What is the difference between an FHSA, RRSP and a TFSA?

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What is a GIC?

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What factors can help me spot an investment scam?

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How is my investment income taxed?

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What are the pros and cons of buying an income property?

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