Skip to main content
The Globe and Mail
Get full access to globeandmail.com
Support quality journalism
Just $1.99 per week for the first 24weeks
Just $1.99 per week for the first 24weeks
The Globe and Mail
Support quality journalism
Get full access to globeandmail.com
Globe and Mail website displayed on various devices
Just$1.99
per week
for the first 24weeks

var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){console.log("scroll");var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))}pencilInit(".js-sub-pencil",!1);

It’s a Carrick on Money tradition to fill the first newsletter of the year with ideas and forecasts to help you plan your finances for the months ahead. To get started, take a look at my column on five economic trends that will help make or break your finances in 2020, including the worsening strain on people carrying a lot of debt.

Here’s a list of personal finance predictions for 2020 that includes rising debt loads. There’s little risk that prediction will prove wrong.

Reader’s Digest compiled this list of money-related new year’s resolutions by consulting financial planners. A well-rounded list that covers charitable giving, defending against identity theft and more.

Story continues below advertisement

CNBC money reporter Alicia Adamczyk on how she plans to get her finances in order for 2020. Useful thoughts here on the mental side of money – finding inspiration, setting goals, tracking results, and more.

Bridget Casey of the Money After Graduation blog built this list of things to do make 2020 your best year yet, financially. Ms. Casey is currently my favourite personal finance voice on Twitter.

Planning to declutter in 2020? Here are some thoughts on how to find good homes for all your stuff through donations, consignment and such.

Tax changes you need to know about for 2020, as collected by Jamie Golombek, managing director of tax and estate planning for CIBC Financial Planning and Advice.

A handy list of 2020 tax numbers, including maximum TFSA and RRSP contributions and the threshold where the OAS clawback kicks in.

For investors, here’s the Fortune roundtable of investing experts on what to do in 2020. For a global perspective, try this 2020 lookahead from the Financial Times.

Ten predictions from a Motley Fool columnist about the stock markets and the economy. A bearish tilt to this one.

Story continues below advertisement

Subscribe to Carrick on Money

Are you reading this newsletter on the web or did someone forward the e-mail version to you? If so, you can sign up for Carrick on Money here.

Ask Rob

Q: I am looking for a new financial planner/adviser. Is it best to go with a bank or investment firm?

A: It’s best to go someone who suits your needs. Don’t worry about whether they work for a bank, an investment firm or they’re an independent. Consider the kinds of services you want – financial planning, portfolio management etc. – and then consult friends, family, contacts for referrals. You might also find this useful – a list of financial planners across the country who charge flat or hourly fees and don’t sell investing products.

Do you have a question for me? Send it my way. Sorry I can’t answer every one personally. Questions and answers are edited for length and clarity.

Story continues below advertisement

Today’s financial tool

All the ins and outs of depositing a cheque by taking a photo of it using your mobile phone or tablet. Never do it using public WiFi.

In case you missed these Globe and Mail personal finance-related stories

  • Eight core strategies for creating financial security in retirement in Canada
  • Ben and Barbara need help with retirement plans: ‘A lot of moving pieces and uncertainty’
  • Gordon Pape: My five fearless predictions for markets in 2020 (for Globe Unlimited subscribers)

More Carrick and money coverage For more money stories, follow me on Instagram and Twitter, and join the discussion on my Facebook page. Millennial readers, join our Gen Y Money Facebook group. Send us an e-mail to let us know what you think of my newsletter. Want to subscribe? Click here to sign up.

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies