There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Shares in Cameco up after Kazakhstan plans uranium production cuts + MORE Dec 4th
TORONTO _ Shares of Canadian miner Cameco Corp. (TSX:CCO) soared in trading Monday after a rival uranium producer announced plans to cut production.
Kazakhstan’s state-owned Kazatomprom announced it plans to reduce uranium production by 20 per cent for three years, starting in January.
Kazakhs.... More »
What are call options? Why should retirees care about them? + MORE Feb 10th
Amid the tumult of sharply rising interest rates, stubbornly high inflation and geopolitical risks, stocks have continued to slide. The market rout that began in early 2022 has hit retirees and those saving for retirement particularly hard.
Even bonds, usually thought of as a safe haven for .... More »
This couple's situation cries out for a financial plan + MORE Aug 14th
A properly conceived financial plan will allow them to consider such worst-case scenarios objectively and plan for different outcomes..... More »
Investing In Real Estate: Capital Gains Tax + MORE Feb 23rd
A lot of people’s savings are from the money they earn in their trades. The majority of the people are unaware about investing and its benefits. The money placed in a thoughtful investment can grow faster than the money stored in the bank. Investments also affect the economy of the country. Wh.... More »
Are you receiving the child benefits you’re entitled to? + MORE Jun 13th
No surprise, but raising kids is expensive. Statistics Canada calculates that each child costs a two-parent household an average of $17,235 a year.
To help parents make ends meet, the federal government offers the Canada Child Benefit (CCB). If you have children under 18 and file a tax return, yo.... More »
Develop your own pension plan with real estate
– moneysense.ca
Steward Kinmond, 70, and Barbara Sibbald, 58, in front of their mortgage-free new-build, close to Parliament Hill. (Photography by Jessica Deeks)Every morning, Barbara Sibbald and her husband Stewart Kinmond gaze out across their big backyard and watch the sunrise. Directly behind them is part of their retirement plan—standing as solid as a brick house. Because, well, it is a house. A big, old Victorian, in fact, that’s been retrofitted into a triplex just 15 minutes away from Parliament Hill in Ottawa.
When Barbara met Stewart just over a decade ago, he already owned two rental properties, including the Victorian triplex. After three years of dating, the two divorcees decided to tie the knot, but agreed: They’d live separately in their own homes. “We’re both artistic and needed space to create,” explains Barbara, an award-winning health journalist who also has a book of short stories coming out next March.
At the same time, Barbara started to look for her own investment property as a way to top up her nest egg…
Fairfax plans $1-billion African IPO
– theglobeandmail.com
The Toronto-based insurance and investment firm is looking to raise $1-billion for a new public company to invest in African businesses
When do segregated funds make sense?
– moneysense.ca
Q: We have $320,000 in a balanced portfolio in a LIRA. Our insurance agent wants us to transfer this money to segregated funds. I don’t think this is a wise move for us as we are close to retirement age. Am I right? And when do segregated funds make sense?
— Roger
A: You are right to be skeptical. Few unbiased financial planners would recommend segregated funds under any circumstances. In almost all cases, they only make sense for the agents who collect fat commission for selling them.
A “seg fund” is not actually a mutual fund: it’s an insurance product. That’s why they are often recommend by insurance advisors, who are often not licensed to sell other types of investments. If all you sell is hammers, every problem looks like a nail.
Seg funds come with a number of benefits that sound appealing. First, they have a maturity guarantee, which sets a minimum value for the fund after a specified period (often 10 years). In other words, if you invest your $320,000 in a seg fund with a 100% guarantee, you’d have assurance that it will be worth at least $320,000 at maturity, even if markets tank…
