Comments for MoneySense

Comment on How bad access to credit keeps newcomers from getting ahead by Yael Kabir

Yael Kabir — Tue, 09 Sep 2025 15:32:08 +0000

So true! I immigrated to Canada in 2001, very financially well off with investments and a condo fully paid. I had excellent credit history in my origin country, but it wasn’t transferred to Canada. A Canadian family member co-signed for my home phone ($25/month!) and when I wanted to get a cellphone, similar monthly amount, I couldn’t get it for lack of credit history. Luckily, the manager at the Bell store that I visited was able to offer me a 6 months plan to be prepaid, and after that I could automatically switch to a monthly plan. This was not a morgage just a monthly phone/cellphone plan!

Comment on Updated for 2025: The ultimate couch potato portfolio guide by Michael Walz

Michael Walz — Mon, 08 Sep 2025 23:32:55 +0000

Good evening,

For years I have been a big follower of Money Sense and I tell my friends that a large part of my retirement was as a result
of following tips and advice from Money Sense.

I have to say however, I dearly miss the annual review of stocks that Money Sense used to produce. I attribute a large percentage of my retirement fund to the knowledge I gained and stocks I was alerted to from that annual review. It would be great to get those annual top picks again.

All the best, thank you for your work,

Michael Walz

Comment on Here’s what a comfortable income looks like in Canada by Kara Karaf

Kara Karaf — Mon, 08 Sep 2025 18:22:46 +0000

This was SO interesting! Thank you.

Comment on Here’s what a comfortable income looks like in Canada by Tim Folkmann

Tim Folkmann — Sun, 07 Sep 2025 15:55:46 +0000

We seem to vote in government after government that knows only deficit spending. The more money the government spends and prints the higher inflation will be. In the last 9 years our spending power has been reduced by 20%. Rampant immigration has also put a lot of pressure on the cost of goods and services. We really need to get our heads out of the sand.

Comment on Here’s what a comfortable income looks like in Canada by Kanata Saver

Kanata Saver — Fri, 05 Sep 2025 12:26:33 +0000

Considering 55%+ of Canadians working full time grossed at least $60,000 a year in 2023, most can reach that $4,000 a month threshold!

Comment on Here’s what a comfortable income looks like in Canada by Yvonne Fox

Yvonne Fox — Wed, 03 Sep 2025 23:50:26 +0000

Seniors have s limited income before the Government cuts your olf she pension They would rather see s senior on the street rather tham living comfortable after working sll their lives

Comment on The biggest turn off for home buyers is… by Best Neighbourhoods in Edmonton

Best Neighbourhoods in Edmonton — Wed, 03 Sep 2025 14:48:57 +0000

Interesting perspective—knowing what turns buyers away is key for anyone selling their home.

Comment on Here’s what a comfortable income looks like in Canada by Josef Faber

Josef Faber — Wed, 03 Sep 2025 00:38:05 +0000

The only thing that seems to be missing here is the ability to achieve these levels of income in their respective cities. How easy is making $4000 a month in any of these cities? That, more than the cost itself, may tell more than just the actual cost of living. If only 5% of your population can make $4k/month and to be comfortable you need that much, well then, that might be a problem!

Comment on How to withdraw RESP funds by Dave O

Dave O — Tue, 02 Sep 2025 23:45:42 +0000

How does one decide between (gov grant, interest, contribution) when withdrawing the funds?