Though they’re well represented in Canadian stock indices, you can see why some investors would want even more exposure to Canadian banks. They have enviable dividend growth histories and ample current yields. They offer relatively stable earnings that are not vulnerable to global tariffs or supply-chain shocks. For decades (and with support from the regulatory […]
In today’s digital age, there’s an increasing number of Canadians who choose do-it-yourself investing. Online brokerages and low-cost trading platforms allowed for a new style of investing to emerge: a new generation of DIYers. We’ve seen a shift in the financial planning industry. Well, self-management can offer Canadians a feeling of control, but it also […]
Ask MoneySense I just set up an American dollar TFSA to complement my existing TFSA. I do not know how the contribution gets calculated, and the goal is to not overcontribute with the sum of these. —Michelle An investor can open more than one tax-free savings account (TFSA). There are no restrictions on the number […]
Here’s a round-up of news for Canadian investors this week. Microsoft Honda CAE Walmart 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 year. go to […]
Maybe you’re making a little more money these days and are curious about where to put it. Or maybe you’ve reached the age where you need to start, seriously, planning for retirement. Either way, we’re happy you’re here. The time for women to start investing is yesterday, or at least, right now: Research shows that […]
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 […]