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PC Financial Mastercard review 2022 + MORE Mar 15th
With grocery costs expected to rise between 5% and 7% in 2022, it’s natural to want a card that can earn you some points on that additional spending. If you’ve been collecting PC Optimum points for years, the PC Financial Mastercard could be a good choice for you. This card is designed to help y.... More »
TFSA contribution room calculator Jul 2nd
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like&nb.... More »
How to buy cardano in Canada Oct 14th
The 2021 cryptocurrency market crash (from which, as of October, it has yet to fully recover), has prompted many crypto investors to focus on smaller, less expensive digital coins as alternatives to high-priced bitcoin and ethereum.
While the trend has created a wider demand for so-called “altc.... More »
How prorogation will impact capital gains tax changes in Canada + MORE Jan 6th
Justin Trudeau’s decision to step down and prorogue parliament will keep his government from implementing its proposed changes to capital gains for now, but Canadians might not be off the hook with tax collectors just yet.
The changes would raise the portion of capital gains on which companies .... More »
How to keep your holiday spending in check Nov 29th
According to Equifax Canada data, there was a 1.9% rise in total debt per consumer at the end of the second quarter in 2019. Unsurprisingly, a recent survey commissioned by Equifax also found that 55% of Canadians say they’ll be spending less on holiday gifts this year. Hmm, I wonder why that.... More »
The federal government is prepared to consider assuming some of the financial risk as a solution to the Trans Mountain pipeline expansion feud involving Kinder Morgan and B.C.
IIROC – Shafting Self-Directed Investors by Fixing What Ain't Broke at Discount Brokers
– http://canadianfinancialdiy.blogspot.ca
Grrr! IIROC, please leave us alone! With friends like you, self-directed investors don’t need enemies. Despite receiving many objections and warnings from both investors and discount brokers (such a convergence of views sure doesn’t happen often!) against measures that will make the discount broker business more complicated and costly to the detriment of investors, the regulator IIROC is ploughing ahead with a revised Guidance. What kind of bad things for investors are likely?disappearance and future restriction of many useful useful tools like model portfolios under the pretext that this is making recommendations aka providing advice, which the discount brokers are not allowed to provide; I would dearly like to see a (good) risk assessment module attached to the model portfolio selection tools but this probably won’t happen nowrising fees or commissions charged to investors as the brokers are obliged to provide more complicated vetting procedures to ensure investors are only allowed to open “appropriate” accountsAs I said in my own comments to IIROC over a year ago, the history of the discount brokers over the two decades during which I have been an active investor with a bunch of them (BMO InvestorLine, TD Direct Investing, Questrade, RBC Direct Investing) has been pleasingly positive – low trading and administration costs, broad and steadily expanding product availability and services, responsive people when when a few administrative issues arose, impressive and widening range of useful tools, reports and educational material…
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