What would you do if you have 300K$ cad saved in your bank account. I'm 30 yrs old, tc 120Kcad expecting first child.

Buy a lot of Timmy’s

convert ‘em to Canadian coin and spend it all on Terrance and Phillip app. Congrats for your kid!🎉

Open a 529

Open self directed brokerage accounts and max your rrsp, tfsa then taxable account. Invest in boring but solid ETFs with low fees like VTI or VOO and focus on compounding/beating inflation until retirement rather than short term gains. Set aside emergency cash about 6 months of living expenses. Stash it in a high yield saving or money market fund. Not sure if there’s good ones offered by Canadian banks

You can't buy a Canadian home with 300K CAD

40% Precious Metals, 25% SPYD, 25%VTI, 10% Extremely Speculative Small Bets (Options) Hold everything in USD, most brokers support USD accounts. And, lastly choose a brokerage/investments with the lowest fees, they are all pretty much the same in terms of service.

I hope you have that 300k in a HYSA or something like fidelity SPAX. You would be getting 4-5% interest.