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Most Recent Articles
StudioTax Review 2024
What is StudioTax? StudioTax is certified tax preparation software for Canadian personal income tax returns. It is provided by BHOK IT Consulting and is now…
Canada’s 2024 Budget – New Taxes on Capital Gains
Canada’s new tax rules on capital gains mean that you’re now likely to pay more taxes if you own a cottage, pass away with an…
Best Canadian Dividend Stocks – April 2024
As we look forward to a new year, it’s time to update our list of Best Canadian Dividend Stocks for April 2024. Click here to…
Salary vs Dividends in Canadian Corporations: Paying Yourself as a Small Business Owner
In preparation for our dividends vs salary comparison for Canadian small business owners, we took a broad look at Canadian corporate taxes last week. I…
CCPC Taxation: Canadian Corporations for Small Business Owners
I’ve been getting a lot of questions recently in regards to Canadian corporations and taxes for small business owners that have a CCPC (Canadian-Controlled Private…
XEQT ETF 2024 Review
Given that I recommend the XEQT ETF (and other Canadian all-in-one ETFs) quite often these days, I figured that it was time to give a…
Home Equity in Retirement – Reverse Mortgages vs HELOCs vs Downsizing
Many retiring Canadians have a huge chunk of their net worth tied up in their housing equity. Deciding whether to tap into that housing equity through…
Ways to Maximize the Canada Child Benefit (CCB)
Most Canadian parents don’t understand how they maximize their Canadian Child Benefit (CCB) and get paid thousands of government dollars every year! We’ve been receiving…
About Us
Thanks for Stopping By...
If you’re new around here, I go by Frugal Trader and I started this site back in 2006 to set goals for myself and track my learning progress. Over the last fourteen years, I’ve publicly shared my path to financial freedom, from what discount brokerages and high interest savings accounts I use, to the unique ways I’ve found to save money.
The Million Dollar Journey team is proud to now include writers from all across Canada, representing a diverse array of backgrounds and unique points of view.
If you want to learn more about me and my team, check out our About Page. If you want to learn more about Canadian money stuff like RRSPs, TFSAs, and daily savings tips, start with our Financial Freedom 101 section. Finally, if you want to receive the free eBook I recently wrote about how to organize your Canadian life and portfolio for retirement at any age, just click here to get an instant download.
"I've completed my million dollar journey...
Want some help with yours?”
Instantly download our free eBook on tips for how to organize your RRSP, TFSA, and other investments, in order to get the most out of your retirement at any age.
Highest Rated Product Reviews
Qtrade Review 2024 – Canada’s Best Broker
What Is Qtrade Direct Investing? Is it Legit? Qtrade Direct Investing is…
Questrade Review 2024
Is Questrade Safe & Secure? One of the most common questions that…
CIBC Investor’s Edge Broker Review 2024
What Is CIBC Investor’s Edge? If you are already a CIBC customer,…
Wealthsimple Review 2024
What is Wealthsimple? Wealthsimple was founded back in 2014 by Michael Katchen,…
EQ Bank Review 2024
EQ Bank Account Options and Interest Rates Account Type Interest Rate Best…
Dividend Stocks Rock Review 2024
Investing on your own is not an easy task. From mutual funds…
Neo Financial Mastercard Review 2024
The new Neo Financial Mastercard or “Neo CardTM” is the next big…
Community is everything.
Million Dollar Journey.com began back in 2006, and boasts nearly 50,000 comments. Benefit from their collective wisdom and read what our community has to say about Canadian finance in 2024.
- James R on Canada’s 2024 Budget – New Taxes on Capital Gains: “I’m in favour of these changes. I am curious what the definition is of “upper middle class” these days. My…” Apr 22, 08:28
- Canada’s 2024 Budget – New Taxes on Capital Gains: “That’s the annual effect SMayer. The more important effect is likely to be on corporations/trusts, as well as taxes at…” Apr 19, 21:54on
- Canada’s 2024 Budget – New Taxes on Capital Gains: “To keep it simple, the net effect is that this results in approx 8.33% more in taxes owing, or $8,333…” Apr 19, 03:50on
- Ultimate Smith Manoeuvre Guide For Canadians: “Hello, Can you clarify what would happen in the scenario that you have a SM in place, and you end…” Apr 17, 10:49on
- Ultimate Smith Manoeuvre Guide For Canadians: “I don’t believe that the principal portion of your new mortgage would be tax-deductible, even though the new $200k mortgage…” Apr 17, 10:41on
Final notes for your journey
We’ve got a ton of information here , and after helping thousands of Canadians get started over the years, I know the information overload can be a bit intimidating.
Every journey begins with just a small step! If you are unsure where to start, check out these index investing strategies or Canadian dividends guide, two of my most useful money making methods over the years. Or read my net worth updates to see exactly what I did to reach the million dollar mark.
Be good with your money and thanks for being a part of the MDJ Community. Don’t forget to sign up below so that you’ll get our “Monday Morning Coffee” email that will fill you in on the writing we have done that week.
- FT and the Million Dollar Journey Crew