TSX getting you down? There are always sound investment alternatives.
Latest News
The best GIC rates in Canada for 2026 Jul 27th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Here's how much you need to make to afford a home in Vancouver right now | Urbanized - Daily Hive + MORE Feb 2nd
Here's how much you need to make to afford a home in Vancouver right now | Urbanized Daily HiveCanada’s Real Estate Bubble Has Grown Over 800% Faster Than US Home Prices Better DwellingAverage BC home price will reach $1 million for the first time in 2022 | Urbanized &nb.... More »
The smart seller’s secret to reducing capital gains tax in Canada + MORE Jul 18th
For many Canadians, selling a property can come with a surprise: the capital gains tax. Whether it’s a cottage, rental property, or former principal residence, understanding how capital gains are calculated and how a professional appraisal can significantly reduce your tax burden is crucial. .... More »
Deficit soars to $78.3 billion as Carney budget bets big on 'investment' spending while slashing public service Nov 5th
Carney’s minority government stakes its survival on the plan that books more than $141 billion in new federal spending over the next five years..... More »
How to buy bitcoin in Canada (and find out where, too) + MORE Apr 20th
What’s the big fuss about holding bitcoin in Canada? If you’re a MoneySense reader, you already know that bitcoin is increasingly major news. The standard-bearer of cryptocurrencies (also referred to as digital or virtual currencies) has been soaring in value. Despite some pretty major fluctuati.... More »
How mutual fund fees work
– moneysense.ca
(Excerpted from The Professional Financial Advisor IV by John De Goey)
Over the past several years, I’ve spoken to representatives at a number of advisory firms about their philosophies so I could get a sense of their values and corporate culture. My sense is that compensation models can go a long way in explaining (or at least predicting) belief systems. Companies will say their advisors can work using either transactional or buy-and-hold philosophies. Either way, there’s room. They say you can be a comprehensive planner or a simple investment specialist. Either way, there’s room for that too. The advisors can be commission-based or fee-based. Either way, they would be welcomed.
We should explore and discuss differences of opinion rationally. Over the past few generations, we’ve seen a few hotly contested societal debates on civil rights issues such as same-sex marriage, universal suffrage, and racial integration. There have also been heated debates regarding science and technology…
A crude awakening: Crescent Point’s moves are paying off, but market slow to rouse
– theglobeandmail.com
Crescent Point shares have dropped to near all-time lows, even after reporting fourth-quarter earnings that largely beat expectations
It's hard to get investors to scrutinize account fees: Will market volatility wake them up?
– cbc.ca
A return to volatility on global stock markets in early February may be the catalyst needed to warn investors about the impact of fees on returns — a feat that regulators haven’t accomplished so far.
Can I reclaim the withholding tax on my U.S. stocks?
– moneysense.ca
Q. I own U.S. stocks and Canadian stocks in my RRSP and RESP accounts for my kids. I do all the investing myself. I get annual performance statements from the bank that holds my RRSP online account and it shows about $200 in withholding tax. What is this? How can I claim it when I file taxes, and how can I get it back? I heard there was a form called W8 that can help. Is this accurate?
Thanks, Malay
Hi Malay. RRSPs are exempt from U.S. withholding taxes but RESPs and TFSAs are not. This is because the U.S. does not recognize them as tax-deferred registered accounts. Therefore, foreign taxes paid withheld in an RESP or TFSA cannot be recovered.
If these withholdings were in non-registered accounts, you could reduce your taxes on the foreign income paid to Canada by filing for a foreign tax credit using Schedule 1. This ensures that you don’t pay tax on the same income in both Canada and the foreign jurisdiction. That option, however, is not available when the foreign income is within a registered account for the reasons mentioned above…
Reader Questions – How I built my dividend portfolio
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.
Reader Questions – How I built my dividend portfolio Thanks good readers, I appreciate hearing from you and receiving your saving and investing questions. If you’ve been following My Own Advisor for a while you’ll know I’m a hybrid investor. I’m happy to own a few low-cost, diversified Exchange Traded Funds (ETFs) to grow my…
My Own Advisor is on his way to owning a million dollar portfolio. The article Reader Questions – How I built my dividend portfolio is exclusive to My Own Advisor. Make sure you visit My Own Advisor Deals to save hundreds or thousands of dollars every year. All Rights Reserved.
Reader Questions – How I built my dividend portfolio Thanks good readers, I appreciate hearing from you and receiving your saving and investing questions. If you’ve been following My Own Advisor for a while you’ll know I’m a hybrid investor. I’m happy to own a few low-cost, diversified Exchange Traded Funds (ETFs) to grow my…
My Own Advisor is on his way to owning a million dollar portfolio. The article Reader Questions – How I built my dividend portfolio is exclusive to My Own Advisor. Make sure you visit My Own Advisor Deals to save hundreds or thousands of dollars every year. All Rights Reserved.
