How Many Pennies In A Roll In Canada?

In Canada, there are 50 pennies in a roll. The Canadian penny is a small, circular coin made of copper-plated zinc. It is the lowest denomination of currency in the country, with a face value of 1 cent. The penny has a long history in Canada, with the first ones being struck in 1908. One…

ByJohn WilsonDecember 28, 2022

silver Canadian coin on a maple leaf background

Why Is Dollar Cost Averaging A Good Strategy?

There are a few purposes of dollar cost averaging, but the most common is to smooth out the effects that sporadic investing can have on the overall value of a portfolio. By buying small amounts of an asset at fixed intervals, an investor can reduce the risk that they will over- or under-pay for an…

ByJohn WilsonDecember 27, 2022

Banking Personal Finance

How Many Nickels In A Roll In Canada

Nickels are a common coin used in Canada for everyday transactions. Have you ever wondered just how many nickels are in a roll? The answer might surprise you! First, it's important to understand that in Canada, nickels are issued by the Royal Canadian Mint, a Crown corporation that produces all of Canada's circulation coins. Nickels…

ByJohn WilsonDecember 27, 2022

calculator and pen on investment return calculation sheet

Investing Stocks

Differentiate a Good Investment From a Bad One

How to differentiate a good from a bad investment? A good investment is one that will make you money, or grow in value over time. A bad investment is one that will lose you money, or decrease in value over time. There are many factors to consider when determining whether an investment is good or…

ByJohn WilsonDecember 26, 2022

Banking Personal Finance

How Many Dimes In A Roll In Canada?

If you're counting your loose change and trying to determine how many dimes you have on hand, it can be helpful to know how many dimes come in a roll. In Canada, there are 50 dimes in a roll. But what exactly is a roll of dimes and why does it contain 50 dimes? A…

ByJohn WilsonDecember 26, 2022

Personal Finance

5 Common Mistakes When Taking RRIF Distributions

There are several mistakes that people make when taking distributions from their RRIF retirement accounts in Canada. The most common ones are as follows. Taking Distributions Too Early In Canada, you are generally required to start taking minimum annual withdrawals from your registered retirement income fund (RRIF) at age 71. However, if you are still…

ByJohn WilsonDecember 25, 2022

Real Estate

What Does Civic Address Mean?

In Canada, a civic address is a unique combination of civic numbers and street names that identifies a specific location within a municipality. In most cases, a civic address includes a house number and street name, as well as the name of the municipality in which it is located. For example, 123 Main Street,…

ByJohn WilsonDecember 24, 2022

millennial sitting on bench at a restaurant

Personal Finance Saving

Why Millennials Should Be Saving for Retirement Now

Millennials – those born between the early 1980s and mid-1990s – are often thought of as the generation that has it the hardest. Many are struggling with high levels of student debt, skyrocketing housing costs, and precarious employment, all of which can make it hard to think about saving for retirement. But as a Canadian…

ByJohn WilsonDecember 24, 2022

Real Estate

What Does Civic Number Mean?

As a Canadian, you may be familiar with the concept of a civic number. This is also known as a street number or house number. It is the number portion of your address. Civic numbers are used to identify the location of a building on a street. But have you ever stopped to wonder where…

ByJohn WilsonDecember 23, 2022

2 soldiers on a Canadian mountain background

Resources

What Is The Pension For Life Program?

The Pension for Life program is a financial assistance program for Canadian veterans and their families. It was introduced in 2018 as part of the federal government's commitment to improving the financial security and well-being of veterans and their families. The Pension for Life program provides veterans with a monthly pension payment. That payment is…

ByJohn WilsonDecember 23, 2022