Education

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.

Here are some key tips for parents and kids to help stick to a budget and save money when shopping for back to school supplies.

Your child’s education can help set them up for future success—but how do you afford it? Here’s how you and your teen can financially prepare for their post-secondary education.

Men and women have equal rights, but not when it comes to wages. Here is what kids and teens need to know about the gender pay gap in Canada.

Many Canadian teens need volunteer hours in order to graduate. Here’s how to find volunteer opportunities as a high school student.

Artificial intelligence is no longer the stuff of sci-fi. Teens are using it to help with their English essay or edit their TikTok videos. Here’s what parents need to know about AI.

Period poverty is a global issue that affects people around the world—including teens. Here’s what teens need to know about menstrual equity.

Did you know video games help you learn life lessons like communication, bargaining and financial skills? Here are 12 video games that help teach you about all things money!

From counting games for young kids, to encourage teens to start their own business, here are ideas to jumpstart teaching money to kids of all ages.

Accomplishing goals takes work, but the process is worth it. Discover how to help your child set realistic, attainable goals and persevere until they succeed.

Teaching autistic kids and teens money skills is essential in helping prepare them for adulthood. Autism Canada shared some strategies to help parents.

Here are some key tips for parents and kids to help stick to a budget and save money when shopping for back to school supplies.

Smartphones and social media keep kids and teens connected, but at the cost of their online privacy. Here’s what you need to know about keeping your family safe.

Did you know that the average tuition costs for Canadian undergrad students are currently around $6,700 per year? Learn more about the best way to save for your child’s education in Canada.

Online games and board games are a great way to introduce financial literacy skills. Here are 12 fun money games for kids to play.

When should parents start teaching kids about money? The answer may surprise you.

Despite Canada’s diversity, Black people typically earn less money. Here is what kids and teens need to know about the racial wage gap in Canada. By Deanne Gage.

Students are returning to online school in some provinces due to COVID-19. Here’s how parents can support remote learning for kids and teens.

Understanding the difference between a need and a want is fundamental to building good money habits with teens. Here are some tips on teaching the difference.

We share some tips for newcomers on understanding the financial landscape in Canada and how Mydoh can help kids learn about money.

When’s the best time to teach your kids about money? The short answer: right now. Here are some of the most important money lessons to teach kids.

Kids as young as three are already beginning to grasp the concept of money. Introduce the ABC’s of money to your kids with these fun games and practical tips.

Parents should talk with their kids about money early. Here’s our tips on how kids can save money and build a plan that gives them a head start on financial literacy.

Talking about money is the key to teaching kids good money habits, at every age. Those conversations don’t have to be awkward — and they can even be fun.

Volunteering or donating your time, money, or unwanted items are great ways that kids can to give back to your community.

Are your kids anxious about going back-to-school this year? Here’s how to talk to them about COVID-19, practice good hygiene and alleviate their fears.

Through this article, we hope to share consolidated information from authentic sources so you can understand what the new school year will look like in your province.

Shopping and dining locally, especially now, is about recognizing the strength and resiliency of all Canadians. Learn more about why shopping local matters.

Find out why Bryan and Sarah Baeumler recognize the value of talking about money with their kids.

What’s the right way to give an allowance? Robin Taub, Chartered Accountant and author of the book “A Parent’s Guide to Raising Money-Smart Kids,” answers the question.

Where do you start when talking about money with your kids? Is allowance a good idea? How do you explain the value of money to children? Find out how Mydoh can help with raising money-smart kids.