All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
Planning to cash in on your home to help fund retirement? Here’s how to do it right + MORE Dec 14th
Elizabeth and Charles have a home worth about $1.3 million. They’re considering selling and downsizing to a smaller unit to bulk up retirement savings. We ask experts for advice on the right move..... More »
The best way to transfer RESP money to an RRSP + MORE Jan 6th
Q: When transferring my unused RESP accumulated income into my RRSP, am I able to do it as is, i.e. bank stocks, or do I have to cash them in and transfer as cash?
—Johanna
A: If you end up with money in a Registered Education Savings Plan (RESP) that you can’t use for a child’s education, .... More »
Can Canadian investors save tax when a stock’s company goes bankrupt? Dec 27th
Ask MoneySense
The company of a stock I own went bankrupt. Am I able to claim losses? If so, how?
—Jake
Can you save on tax when a company you invest in goes bankrupt?
The short answer is: it depends, Jake. But, I will outline the factors to consider to determine if and how you ca.... More »
Stock news for investors: Barrick leads earnings gains as major Canadian companies report mixed Q3 results + MORE Nov 15th
Here’s a round-up of news for Canadian investors this week.
Barrick
MEG Energy
Loblaw
Manulife
Linamar
Brookfield
Hydro One
MDA Space
George Weston
Featured RRSP Accounts
featured
EQ Bank
.... More »
Stock news for investors: Canopy Growth to acquire MTL Cannabis in $125-million deal + MORE Dec 20th
Here’s a round-up of news for Canadian investors this week.
Canopy Growth
Blackberry
Transat
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 1.50% in.... More »
Sears looking to close all stores, 12,000 to lose jobs
– moneysense.ca
TORONTO — Sears Canada Inc. is seeking court approval to liquidate its roughly 130 remaining stores, leaving approximately 12,000 employees without a job.
The embattled retailer, which has been operating under the Companies’ Creditors Arrangement Act since June, said Tuesday that it had failed to find a buyer that would allow it to continue as a going concern.
READ: What the Sears DB pension uncertainty teaches us
The court overseeing Sears Canada’s operations is expected to hear a motion Friday seeking approval for the liquidation and wind down of the business.
Last Tuesday, Sears received a revised bid from a buyer group led by its executive chairman Brandon Stranzl to buy the business as a going concern.
However, a lawyer for Sears Canada’s court-appointed monitor told the court last week it would consider it but the company was running out of money and time.
On Tuesday, the retailer said in a statement that “following exhaustive efforts, no viable transaction” was received…
The embattled retailer, which has been operating under the Companies’ Creditors Arrangement Act since June, said Tuesday that it had failed to find a buyer that would allow it to continue as a going concern.
READ: What the Sears DB pension uncertainty teaches us
The court overseeing Sears Canada’s operations is expected to hear a motion Friday seeking approval for the liquidation and wind down of the business.
Last Tuesday, Sears received a revised bid from a buyer group led by its executive chairman Brandon Stranzl to buy the business as a going concern.
However, a lawyer for Sears Canada’s court-appointed monitor told the court last week it would consider it but the company was running out of money and time.
On Tuesday, the retailer said in a statement that “following exhaustive efforts, no viable transaction” was received…
The best way to use your RRSP to invest in real estate
– moneysense.ca
Q: What investments are eligible inside an RRSP? How do I use the funds in my RRSP to buy an income property?
—Wendy
A: Mutual funds still represent about one third of RRSP assets in Canada, Wendy, but there are ever increasing alternatives. The common ones are cash, guaranteed investment certificates (GICs), bonds, stocks and exchange-traded funds (ETFs). These six are the primary RRSP-eligible investments.
Ask a Planner: Leave your question for Jason Heath »
Some lesser known alternatives include currencies (excluding digital currencies like Bitcoin); mortgages (which can include your own mortgage); precious metals (like gold and silver bullion); private market investments (including specified small business corporation shares and exempt market securities); options (although CRA warns about writing uncovered call options or put options); and annuities (which are finally becoming more attractive as interest rates rise).
You can use your RRSP to invest in real estate, Wendy, but unfortunately you can only do so indirectly…
