A simple checklist
If you’re brand new, follow these steps in order. Most people only need steps 1–4.
The checklist
Capture all your income and expenses so you get an accurate picture of what you have left to pay down debt and/or invest.
Credit cards and other high‑interest debt can grow faster than investments. Knocking this down first gives you a guaranteed “return.”
Build a buffer so you don’t need to sell investments when life happens. Start small and grow it over time.
Pick a registered account (TFSA, RRSP, FHSA, RESP, etc...), choose a type of investment, and invest through the registered account. Remember that having money in a registered account does not automatically mean you are investing.
Plug in your current savings, income, and savings rate. See how far you are from your retirement goal.
If the calculator says you’re short, you have only two levers: spend less (reduce non‑essential spending) and/or earn more. Small changes compound.
Need a platform?
If you want a beginner-friendly place to start, check the recommendations page.