The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
Durham real estate market update + MORE Apr 25th
Growing families desperate for space are looking to Durham to realize their dream of owning a home, but that’s getting more challenging with each passing month. Homes in Durham have soared 39% to almost $700,000 in the first quarter versus the same period a year earlier.
Detached sing.... More »
Should you hold on to unused RRSP contributions? + MORE Dec 4th
Ask MoneySense
I have $66,000 unused RRSP contributions for the 2023 tax year (unused deductions, not unused contributions).
My plan is to start my RRSP withdrawals in January 2025, and to start claiming the unused deductions on my 2025 taxes, when most likely it will be over $70,000. In 2025, I .... More »
Single mom Adelaide has $22,000 in line-of-credit debt — here’s how she learned to dig her way out + MORE May 28th
If she cannot chip away at her line of credit, says financial expert Jason Heath, it is going to hold Adelaide back from financial freedom in the future..... More »
Waiting for tax time? New survey shows more Canadians are relying on refunds Mar 26th
What people plan to do with their tax refund gives a tiny glimpse into the economy as a whole, which is why EQ Bank recently released its survey on how Canadians are approaching tax season this year.
Spoiler alert: It’s been a rocky few years with inflation and a high cost of living, so it’.... More »
Making sense of the markets this week: October 26 Oct 23rd
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The pandemic holiday season is near
This will be our first “global pandemic holiday season.”
That phrase does not have a nice festive ring to it, I know. And it might not .... More »
When not to contribute to a TFSA
– moneysense.ca
Q: My wife and I would like to put our inheritance (approximately $80,000) into our TFSAs, which we have never used, to generate as much tax-free monthly income as possible.
Any tips, suggestions?
—Richard
A: Tax-Free Savings Accounts (TFSAs) are a good tool, but they’re just one of many available to most Canadians. When you’re in savings mode, Richard, it’s important to look at all options for each available dollar of savings and prioritize them accordingly.
A TFSA may be a great choice for one person, but a less appealing option for another. TFSAs aren’t necessarily the holy grail of investing, so don’t get preoccupied. Always consider all factors.
Penalty for holding dividend stocks in a TFSA? »
Without full knowledge of your financial situation, Richard, it’s hard to say whether you should just plow your $80,000 inheritance into TFSAs. So I’ve compiled a list of five situations where you should consider NOT contributing to a TFSA to try to help.
Ask a Planner: Leave your question for Jason Heath »
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Why investors should do as little as possible, a takeover target stock, and what 2017 holds for markets
– theglobeandmail.com
A roundup of investment ideas for active investors
