Investing
Using Tax Free Savings Accounts In Retirement
Tax Free Savings Accounts are excellent savings vehicles for Canadians. They can be used for short term savings goals, or as part of a longer term retirement strategy. Canadians start building contribution room in their Tax Free Savings Accounts once they turn 18. Money can be withdrawn from a TFSA at any time, with no…
Read MoreBe An Owner, Not A Moaner
Nothing gets customers riled up like the announcement of a fee increase. Banks and utilities often draw the ire of customers, and for good reason. Canadians have been getting nickel-and-dimed by the big banks and utility companies for years Scotiabank and CIBC will increase fees on personal bank accounts beginning March 1st and April 1st,…
Read MoreSpotting The Crooks
Be careful of claims of guaranteed above average returns with no risk. Look at some of the red flags that can indicate a fraudulent scheme.
Read MoreIs An RRSP Loan Necessary?
If you simply don’t have the money to come up with an RRSP contribution you may think that getting an RRSP loan is the only solution.
Read MoreConsider A Life Annuity
If you want to turn your RRSP savings into something that more closely resembles a true pension, then you might want to consider purchasing a life annuity.
Read MoreShould You Keep Your Company Pension Or Take The Commuted Value?
Employees may be given the choice to stay in the company pension plan and receive a lifetime monthly pension at retirement, or take the commuted value out of the plan.
Read MoreRDSP: Registered Disability Savings Plan
An RDSP is an effective tool that can help families manage the financial costs associated with having, or caring for, someone with a disability.
Read MoreIs Your Investment Loan Tax Deductible?
Not all investment loans qualify. An investment loan must meet certain specific criteria before the interest payable is tax deductible.
Read MoreAmerican Depository Receipts
American Depository Receipts, or ADRs, are stock certificates of a foreign company that are registered in the name of a U.S. trust company or investment bank.
Read MoreCanadian Resources Are Where It’s At
We’re told to diversify geographically, but there are many reasons to invest in Canada since their resources are now in high demand worldwide.
Read More