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
Diversify Your Portfolio By Turning Bitcoin Into Silver And Gold + MORE Dec 27th
Bitcoin holders have seen massive gains in only a matter of months and that’s sending many of them scrambling for places to put their new-found wealth in the event of a crash. One of the safest places to put money right now is gold and silver bullion and with increasing acceptance of Bitcoin as a .... More »
House rich, cash poor: When a reverse mortgage might make sense Jul 15th
Reverse mortgages were at one time considered the Wild West of financial products, associated with aggressive and even predatory sales tactics targeting seniors in the United States. Fairly or not, that reputation has instilled some wariness in Canada, where regulations have long been more stringen.... More »
Joe Rogan’s podcast headed to Spotify, exclusive deal reportedly worth $100 million - MMA Mania May 19th
Joe Rogan’s podcast headed to Spotify, exclusive deal reportedly worth $100 million MMA ManiaJoe Rogan Signs Exclusive Podcast Deal With Spotify Yahoo Canada FinanceThe Joe Rogan Experience podcast to become Spotify exclusive BJPENN.COMJoe Rogan Calls 6ix9ine the '.... More »
Tax time can be stressful—the right account can keep your money growing Mar 19th
The past year hasn’t been easy: inflation has remained elevated, trade tensions continue, and economic uncertainty is still high. If your budget feels tight, paying off a tax bill this season may feel particularly stressful—especially if you’re a solopreneur (aka you run your business alone) w.... More »
The after-effect of market lows: a drop in fixed mortgage rates Aug 7th
When markets drop like they did on Monday, you may not immediately think of the impact on mortgage rates. We’ve been relying on the Bank of Canada to nudge rates lower, namely for variable mortgages. But fixed mortgages got a news headline-worthy update today, thanks to bonds, which are reacting t.... More »
Strategies to make taxable investing easier
– moneysense.ca
In Episode 4 of the Canadian Couch Potato podcast, I answered the following question from a listener named Jakob:
I’m currently investing with all my ETFs in RRSP and TFSA accounts. This year, however, I’ll finish paying off my mortgage, so I will have more surplus cash and will have to start using taxable accounts. I have been reading your blog posts about adjusted cost base, and they’re helpful, but it still sounds like a pain to track and calculate. I’d consider paying some extra fees for help with this. What options do I have?
Investing in a non-registered account involves a lot more hands-on work than RRSPs and TFSAs. While there’s no such thing as a maintenance-free taxable portfolio, you can certainly make your life easier with a few simple strategies:
1. Consider alternatives to ETFs.
Make no mistake: ETFs are generally tax-efficient and they can be a great choice in non-registered accounts. But if you’re a novice index investor, consider other good products that require a lot less recordkeeping…
I’m currently investing with all my ETFs in RRSP and TFSA accounts. This year, however, I’ll finish paying off my mortgage, so I will have more surplus cash and will have to start using taxable accounts. I have been reading your blog posts about adjusted cost base, and they’re helpful, but it still sounds like a pain to track and calculate. I’d consider paying some extra fees for help with this. What options do I have?
Investing in a non-registered account involves a lot more hands-on work than RRSPs and TFSAs. While there’s no such thing as a maintenance-free taxable portfolio, you can certainly make your life easier with a few simple strategies:
1. Consider alternatives to ETFs.
Make no mistake: ETFs are generally tax-efficient and they can be a great choice in non-registered accounts. But if you’re a novice index investor, consider other good products that require a lot less recordkeeping…
You can now buy and sell ‘WEED’ on the TSX
– theglobeandmail.com
Canopy Growth Corp. makes a change
U.S. fines Mastercard, UniRush $13-million for prepaid card breakdowns
– theglobeandmail.com
The U.S. Consumer Financial Protection Bureau fined MasterCard and UniRush for failures in October 2015 that prevented people from accessing paycheques and other deposits on their prepaid debt cards
OTTAWA – He’s a household name in Canada and the U.S., and Kevin O’Leary intends to use audiences in both to convince Canadians he’s the right man to lead this country.
Millions of Americans watch his reality TV show “Shark Tank” each week, making him a household name in a country that’s overhauling all of its international relationships, O’Leary said in a wide-ranging interview with The Canadian Press.
Case in point: on Tuesday, O’Leary met Conservative MPs, and later glad-handed with party members whose support he needs to become leader; this morning, he was planning to be on the floor of the New York Stock Exchange for the opening bell.
He said he would be talking up the Canadian economy and trade in a way the current Liberal government under Prime Minister Justin Trudeau has failed to do in the weeks since U.S. President Donald Trump was elected.
“This is an opportunity for me to do something I don’t believe any Canadians had an opportunity to do,” O’Leary said…
Joe Mimran’s best financial advice
– moneysense.ca
(Illustration by Ben Kirchner)My first paycheque was a tip I received delivering groceries when I was 11 years old. I immediately bought a Coffee Crisp bar with it. Nowadays, I love to indulge in a great wine and I enjoy collecting it, too. I get great pleasure out of opening up a really beautiful vintage like a 1982 Château Margaux and a 1982 Haut-Brion, for instance. I like to wait for a special occasion.
It’s not a priority for me to have, say, a Porsche or a Ferrari, though. For the most part, cars are like refrigerators for me—practical. But I did love my very first one. My brother and I saved up our money and we bought a Karmann Ghia for $700 back in 1969. It had no heat, but man, that was really something having our own car. Believe it or not, it was orange.
My wife Kim [that’s Kim Newport-Mimran, the Pink Tartan designer] and I have no similarities when it comes to money. She’ll spend it. I’m way more careful and thoughtful about where money is coming from and how it’s earned…
