Sophia Wealth Academy Blog

Navigating a Post-Pandemic World

| Personal Financial Stories

As we navigate toward a post-pandemic world, it’s important to reflect on what has helped us get through the challenges of the past two years, and how we can use those skills to support us for future challenges. Having the right tools and supports in place can help us not only get through the challenges ...

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Important Dates in Finance Season

| Financial Planning

RRSP 2021 Deadline – March 1, 2022 RRSPs are one option to save for your future. You can determine with your tax or financial advisor whether RRSP contributions make sense for you. You can also check out some of your options through this online calculator. Your RRSP contribution limit for 2021 can be found on ...

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Dollar-Cost Averaging

| Financial Planning, Market Insights

There is ongoing debate about the pros and cons of Dollar-Cost Averaging (DCA). This is a process where an investment is made, at regular intervals, regardless of an asset’s price. For example: Emily wants to contribute to her TFSA as part of a 5-year plan to save enough for a condo down payment. She has ...

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