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CannTrust stock falls - Business News - Castanet.net Jul 12th
CannTrust stock falls - Business News Castanet.netPosthaste: Just when Canada thought it was out of the housing bubble woods … Financial PostCannTrust stops selling all of its cannabis as Health Canada probe continues CBC NewsCannTrust halts sales of cannabis durin.... More »
Housing market has gone into 'hibernation' CREA says, with lower sales, listings and flat prices - CBC News Nov 15th
Housing market has gone into 'hibernation' CREA says, with lower sales, listings and flat prices CBC NewsAverage home price in Canada rises to $656625 as monthly sales slow: CREA - Business News Castanet.netCanadian home sales slow in October as many buyers have already 'gone i.... More »
When investing, think like a landlord + MORE Feb 3rd
Markets never move in a straight line, yet if you look at a long-term chart of the S&P 500 you might argue otherwise.
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Save, sell, borrow, work: How to take your RRSP top-up over the top Feb 8th
In most circumstances, driving money into your RRSP is a great deal, writes Lesley-Anne Scorgie. Here’s some ideas for bulking up your contribution before the March 1 deadline..... More »
‘I Was Worried About How I’d Connect With My Coworkers’: Young Employees Are Struggling to Adapt to the Office Jul 19th
When Lizzie*, a computer sciences student at the University of Waterloo, started her co-op placement at a financial institution in September 2022, she fretted over going into the office; it was her first time in the professional setting—ever. Her first few years of university were online due to th.... More »
Should I contribute to my TFSA when I’m 68?
– moneysense.ca
iStockQ. I am 68 years old and already retired. Is there any point in contributing to a TFSA?
– Michelle
A. Any point? Why yes. There are lots and lots of points. I’ll make a few of them here.
The Tax-Free Savings Account is a great vehicle to reduce your taxes whatever your age. You’re already retired, so you’re not saving for that phase of your life. But you may have assets that could benefit from the tax shelter that the TFSA provides.
Money that you withdraw from an RRSP or a RRIF is taxed as income. But TFSA contributions are made with after-tax income, so you don’t pay a second time when you pull the money out. This means that whatever you draw from the TFSA will not impact “income-tested” benefits like Old Age Security or the Guaranteed Income Supplement.
Related: Should we tap the RRSP and feed the TFSA?
Remember, too, that you can’t contribute to an RRSP after age 71 and you’ll have to start withdrawing money from your RRIF, according to the amounts the government mandates…
New rules stem Chinese real estate investment in Canada
– theglobeandmail.com
Beijing’s restrictions on foreign property purchases have resulted in a dramatic slow down in spending, the sector’s deal makers say
George Costanza's Investment Tips
– online.wsj.com
When I smile, tell me some bad news / Before I laugh and buy or sell like a fool.Why Jane shouldn’t cash out on stock crash fears
– moneysense.ca
iStockQ. I retired in 2008, just in time for the market crash. Fortunately, I did not need my invested money right away. But now, 10 years later, I have begun taking money out for living expenses—just in time for the February downturn. I sat tight the first time and things gradually got better, but I can’t now. What should I do?
– Jane
A. First off, Jane, you deserve a lot of credit for the discipline you showed in 2008. A lot of new retirees panicked during that devastating crisis. It was hard to blame them, but anyone who sold their investments paid dearly by locking in their losses and missing the swift recovery that followed. You’re probably in good shape now because you stuck to your long-term investment plan.
Now that you’re getting ready to draw down your portfolio, however, I worry that you may not have the right plan for this stage of your life. You’re correct that you don’t have the option of stopping your withdrawals during a downturn. But with a good plan, you won’t have to…
Gender equity guides growth of new ETFs
– moneysense.ca
iStockA handful of exchange-traded funds on both sides of the border are capitalizing on the perceived investor need for investments chosen through the lens of gender diversity or equity. Whether these prove to deliver good returns or are merely the latest marketing gimmick remains to be seen. It wouldn’t be the first time the fund industry dazzled with a bit of clever marketing and investors should take care to mix up good intentions with sound portfolio strategy.
The ETFs sport stock market ticker symbols like HERS and SHE. HERS is the TSX ticker for the Evolve North American Gender Diversity Index ETF. Billed as “Canada’s first Gender Diversity ETF,” the ETF was listed on Sept. 20, 2017 and is available in hedged and unhedged versions.
Despite that billing, HERS is predominately in the U.S. market (87%), with only13% in Canada. As of February, its top sector weightings, both are information technology and financials, both at 16%. The fund, which has an MER of 0.55%, is equal weighted: the biggest holding is Amazon…
