Money 101

We’ve crunched the complications out of Canadian taxes to help you explain income taxes to kids and teens.

Our guide on income tax for beginners will help parents and teens with essential tips on filing that first income tax return.

New job, who dis? If your teen is starting their first real job, it’s time to teach them the lowdown on paycheques and pay stubs.

Socially Responsible Investing or SRI is a growing trend in the investment world. But what is it and how does it work?

Think your teens might want to go robo with their future investments? Here’s what they need to know.

Are you ready for your first credit card? Here’s everything you need to know to take this financial step forward.

How do you explain the purpose of a Registered Retirement Savings Plan account in simple terms to kids and teens? Find out in this comprehensive look at Canadian RRSPs.

When it comes to investing money, can your teen accept a lot of risk or just a little? Their answer could impact the investment choices they make.

There’s a lot to think about when considering home ownership, especially when it comes to a mortgage. Here’s how to get your kids and teens to start thinking about the ins and outs of mortgages early on.

Once your kid files their first tax return, they should understand the importance of saving their tax dollars. With a Tax-Free Savings Account, not only can teens earn money through investments but they won’t pay a cent in federal taxes on these earnings, either.

A debt consolidation loan may help your kid out of a financial jam down the line, but not all loans offer safe harbour from high interest rates. Here are the ins and outs of debt consolidation.

Help your kid learn to manage debt—and eventually get out of it—with these clever strategies.

As your teen decides where they’ll be living next, they also need to research tenant insurance costs. Here’s how to teach them about protecting their valuables, their guests, and themselves as first-time tenants.

Isn’t life insurance for old people? Not in the least. We break down the ins and outs of life insurance, so you can show your teen how important this type of financial protection really is.

Think your teen is ready to start investing that part-time job money? Mutual funds could be the place to do it. Find out how mutual funds work in Canada.

Exchange-traded funds, or ETFs, are increasingly popular financial products that can help to diversify your investments without getting bogged down by too much research. While this may sound complicated, here we break down what parents and teens should know about ETFs.

Wait, there are how many types of cryptocurrency out there?! Read on for a primer on what some of the most popular ones are and how they work.

Welcome to the blockchain! We’re here to introduce you and your teen to cryptocurrency and show you around.

Nobody wants to think about emergencies, much less plan for them. But if your teen builds an emergency fund, they’ll have financial peace of mind if something unexpected (and costly) comes up.

Parents know a good credit score relies on paying off debt—but do your kids? Here’s what teens need to know about credit reports.

Gone are the days of glass jars that helped kids visualize spending and saving. To help them track every digital dollar, introduce tweens and teens to budget calculators, instead.

What is a bank statement? Understanding how to read this useful snapshot of your bank account can help tweens and teens build financial literacy skills.

It’s time for your teen to open a bank account—but should they choose a chequing account or a savings account? It all comes down to their financial needs and goals.

Conversations about everyday banking are important to have with your kids. We break down 28 banking terms in easy-to-grasp lingo, so you can chat about it with confidence.

Here’s why teaching your teens about tax write-offs and tax credits could help them hold on to the money they’re entitled to and save for their future.

Maybe you’ve heard of NFTs, but don’t know exactly what they are. Here are our tips on how you and your teens can navigate the world of non-fungible tokens, the newest kids on the blockchain.

When hefty, finance-laden income tax terms are explained, it makes filing a tax return a whole lot easier. Plus, understanding these tax definitions can help teens look for additional benefits and deductions when doing their own taxes.

When you explain the ins and outs of insurance to tweens and teens early on, they won’t be so overwhelmed when wading through policies, premiums, and deductibles later in life.

Financial security is all about protecting yourself, and insurance is a big part of that. Here are the basic terms and definitions your teens should understand before they need to sign up for an insurance policy of their own.

Learning about financial terminology and investment terms—from assets to volatility—is essential for soon-to-be investors of any age.

Life would be a lot easier without accidents, thefts, or natural disasters. But these events happen, and insurance can minimize their full impact. Here’s what kids and teens need to know about insurance.

Teaching kids and teens about the stock market can help encourage financial literacy and spark an early interest in saving and investing.

Learning about the many forms of debt can help kids make more informed decisions about which debt to take on—and which debt to avoid.

Our guide on investing for beginners will help you and your teen feel confident enough to get started with investing money. Read on for investing basics.

Everything you need to know to teach your teens about good debt and bad debt—and how to manage it all.

If you’re borrowing or investing your money, it’s important to understand how interest works. These simple strategies will help you educate your kids and teens on interest rates and the cost of borrowing, so they can enjoy a money-savvy future.

Interest may seem like an abstract concept, but learning what it is and how it operates is a fundamental step toward financial literacy for tweens and teens. Here’s how to make interest work for your kids.

Should teens have credit cards? Here are some things to consider before deciding if now is the right time for your teen to start using a credit card.

Money management for kids isn’t just about saving up for a big purchase. Kids also need to learn how credit works, Here’s everything you need to know about teaching your teen or tween how to use credit responsibly.

Teaching your kids how to budget doesn’t have to be a struggle. Here are budgeting tips parents can share with tweens and teens to help them manage their money.

It’s never too late (or too early!) to teach your kids how to save money. Here are some of our top practical tips for teaching kids and teens how to create a budget.

When it comes to saving, the younger the better! Teaching your kids how to save money can instill good financial habits for life. Here are some tips for parents to help tweens and teens start saving ASAP.

Learning how to manage a budget is an important skill. Here are some budgeting tips to help parents empower kids and teens to take control of their finances.

If your kids and teens are confused about the difference between a bank versus a credit union, they’re not alone. Here’s how each financial institution operates.

We share some tips on your teen’s first credit card including, how to use it responsibly, and why the Mydoh Smart Card is a great alternative to credit for kids.

Money shouldn’t be a taboo topic at home. In fact, families who teach financial literacy are helping set up their tweens and teens for a brighter economic future. Here’s how to talk about money with your kids and give them the financial education they deserve.

Here’s why empowering kids and teens with a financial education early on will help them develop good money habits that last a lifetime.

Think banks are boring? Well, you couldn’t buy a Frappuccino or stream Netflix without them. Here’s what banks do and why we need them.

Ready to teach your kids and teens about money? Our guide will help you explain common financial literacy terms in a way kids and teens will understand.

Help give your kids financial literacy skills with this guide to explaining how banking works in Canada to teens and tweens.