Comments for Canadian Personal Finance Blog - Seite 2 
Comment on Credit Card Cheques, What Gives? by Young Credit Victim
Credit card cheques are the cockroaches of the financial world — no one wants them, everyone shreds them, and yet they just. keep. coming. Despite multiple regulatory overhauls to improve transparency, payment fairness, and consent, these paper traps remain completely legal in Canada. They’re marketed as “convenient,” but what they really do is blur the line between credit and cash — often at a cost. Unlike regular purchases, credit card cheques can be treated like cash advances with no grace period and higher interest. Plus, if someone steals one? It’s just like someone cashing a personal cheque against your account. A total liability. Best practice? Shred on sight. Or better yet, switch to e-statements and save your recycling bin from unnecessary drama.
Trying to invest without becoming a finance bro, this article is both hilarious and painfully real. It hits on something that many personal finance influencers skip: before you invest, you have to open the right kind of freakin’ account. You don’t need six tabs open comparing MERs if you haven’t even logged into My CRA to check your RRSP room. (Guilty.) That said, I’d love a checklist or flowchart. Most of us are visual learners with limited attention spans and lots of debt. Tell me: TFSA or RRSP? Bank or brokerage? Robo-advisor or couch potato? Still, the voice is warm, smart, and like talking to that uncle who knows what he’s doing but never makes you feel dumb for asking.
Comment on One Phone Call and $1200 Dollars Later by Red Tory
As a young Canadian in 2025 who’s juggling rent that costs more than my parents' first mortgage, I respect this article — but it also highlights a generational divide. Cable? In 2025? Most of us are streaming, stealing, or outright cancelling traditional subscriptions. Still, this advice is timeless — whether it's Rogers, a mobile plan, or Spotify Family, negotiating is a life skill. That said, the original post could be updated with examples that resonate today — like haggling with Bell over internet bundles, or calling Telus to negotiate a data plan after threatening to switch to Fizz. Also, maybe throw in a script or cheat sheet for readers like me who get mild panic attacks just thinking about phoning customer service. We weren’t raised with landlines, OK?
Comment on 5 Ways to Optimally Use Your Pay Raise by Young and Annoyed
As a 20-something in Canada in 2025, this article is both timeless and mildly painful. Why? Because pay raises aren’t exactly falling from the sky these days. With rent in Toronto making six-figure earners cry and avocado toast now considered a necessity, the idea of having “extra money” feels theoretical. That said, this post is a solid gut-check. It’s refreshing to see advice that doesn’t immediately leap to “treat yourself” culture. Instead, it calls out lifestyle creep like it’s a financial villain — and it is. The list format works, and the self-deprecating tone keeps it relatable. One suggestion? Add some modern references — maybe mention how crushing student loans or using a raise to escape gig work might be more urgent today than a gym membership.
Comment on RDSP after DTC Lost by bigcajunman
In reply to <a href="https://www.canajunfinances.com/2020/12/02/rdsp-after-dtc-lost/#comment-130219">Edna</a>. Why is he losing the DTC? You can reapply, and they will most likely give him another 5 years of DTC. The RDSP account remains in tact if the DTC is lost. No Bonds or Grants will be paid to it, and you can’t deposit into it, but it is all still there. If he gets the DTC back the RDSP is then “back in business”.
Comment on RDSP after DTC Lost by Edna
Thank you for the article. My autistic may lose his dtc next year. He is 10. Can you explain what would be the best steps to support him in not loosing money? If I understand correctly the rdsp account will have to pay back grants and bonds. I imagine that capital gains will apply too. What would happen to our contributions? Can the rdsp contributions be deferred to an resp? Thank you for your time.
Comment on When Did You Die? by Tax Man Cometh
Great! So now I not only have to plan my investments and funeral — I need to plan the <em>exact minute I die</em> to keep the CRA happy? Should I set a reminder in my calendar for 11:59 PM, December 31st with a note: “Don't die a minute late”? Maybe sync it with my estate planner and the Grim Reaper. And here I thought retirement planning was stressful enough.