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A ‘simple but not easy’ strategy to improve portfolio performance, the bitcoin 'death cross', and a hot forestry stock + MORE Mar 20th
A roundup of investment ideas for active investors
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The best RBC credit cards in Canada for 2024 + MORE Jul 2nd
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The best RBC credit cards in Canada for 2024
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CEO Suzanne West vows to pursue greener path after oil firm splits with backers + MORE Nov 25th
CALGARY _ One of the few female CEOs in the Canadian oilpatch says she is looking forward to creating a “clean hydrocarbons” company after she parted ways with the American financial backers of her oil and gas producing firm.
Suzanne West said Friday her company, Imaginea Energy Corp., h.... More »
I make little to no income. Do I still need to file a tax return? Mar 20th
Experts say it’s always best to file a tax return to build up RRSP contribution room and set up eligibility for certain credits and benefits..... More »
Canadian drink company tastes controversy after Simu Liu raises cultural appropriation questions - CNN Oct 14th
Canadian drink company tastes controversy after Simu Liu raises cultural appropriation questions CNNSimu Liu criticizes Canadian boba tea company over concerns of cultural appropriation NBC News‘Dragon’ Manjit Minhas withdraws from Bobba Tea investment after backlash over c.... More »
US seeks to freeze assets of North Korea's Kim Jong-un – News24
– news.google.ca
News24US seeks to freeze assets of North Korea's Kim Jong-unNews24An undated photo shows North Korean leader Kim Jong-Un inspecting the test of a new anti-aircraft guided weapon system. (Korean Central News Agency via AFP). Multimedia · User Galleries · News in Pictures Send us your pictures · Send us your stories.and more »
The wrong way to pay off debt
– moneysense.ca
I’ve always believed that anyone substantially mired in debt has no business fantasizing about retirement. For me, this extends even to a home mortgage, which is why I often say “the foundation of financial independence is a paid-for home.”
Sadly, however, it’s a fact that many Canadian seniors ARE attempting to retire, despite onerous credit-card debt and sometimes even those notorious wealth killers called payday loans. Compared to paying out annual interest approaching 20% (in the case of ordinary credit cards) and much more than that for payday loans, would it not make sense to liquidate some of your RRSP to discharge those high-interest obligations, or at least cut them down to a manageable size?
This question comes up periodically here at MoneySense.ca. For example, financial planner Janet Gray tackled it in March in a Q&A. A recently retired reader wanted to pay off a $96,000 debt in four years by tapping into her $423,000 in RRSPs. Gray replied that this was ambitious and raised multiple questions…
