Investment asset allocation is important during all stages of life for Canadians. It’s probably the biggest single determinant of one portfolio’s success and another’s failure. But your time frame matters. Younger Canadians have long enough horizons, so they can afford to take more risk on growth-oriented equities. Retirees, by contrast, have no guarantee their investment […]
Real estate investing has its merits. And certain markets have performed exceptionally well in Canada over the past generation. But sometimes, especially as you approach retirement, you should reconsider your real estate strategy. Which has better returns? Real estate versus stocks Some Canadian investors look to real estate over stocks because they perceive real estate […]
Here’s a round-up of news for Canadian investors this week. Shopify Cenovus Energy Canadian Tire MDA Space Featured RRSP Accounts featured EQ Bank Build your retirement savings with 2.00% interest, tax-deferred contributions and zero fees. go to site featured Registered GIC rate Earn a guaranteed 3.5% in your RRSP when you lock in for 1 […]
The Liberals held on to power in the recent federal election, and this has tax implications for Canada’s seniors and other taxpayers—in particular, for retirees and their strategies for their registered retirement income fund (RRIF) this year and possibly in the future. Reduced RRIF minimum withdrawals The Liberals’ primary RRIF proposal is to decrease the […]
Ask MoneySense I have maxed out my RRSP deduction limit for the past two years due to my personal contributions and my company’s deferred profit sharing plan (DPSP). This year I stopped my RRSP contributions all together to not overcontribute on my end for the third year, but my company does a 4% match and […]
Life has been challenging for Cheryl (surname withheld for privacy) and her daughter Shannon. As a single parent with a low income, who struggled with a variety of health issues, Cheryl wasn’t able to save sufficiently for retirement. She worked a number of minimum wage jobs before suffering a workplace injury and being diagnosed with […]
Investing is a bit like renovating your home. The cheapest way is to do it yourself, with a Canadian online broker. Of course, the result will depend on your know-how and skills, and it will consume a lot of your time. Conversely, you can outsource the job to a master contractor and not lift a […]
Canada goes to the polls on Monday, April 28. Not surprisingly, economic issues dominate this year’s federal election campaign. Whether it’s responding to U.S. tariffs, reframing climate policy or dealing with unaffordable housing, the major parties and candidates are focused on Canadians’ bread and butter. Here we’ve compiled the key campaign promises to date that […]
If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS works. […]
Ask MoneySense Do you have any tips for withdrawing from an RRSP? Some background: My spouse and I are debt-free and mortgage-free. We own our home (current value approximately $1 million). We are hesitant to downsize as this home is accessible for me. I have approximately $650,000 in RRSPs and $105,000 in TFSAs. At 65, […]