How to go about securing the best return for your investment in Canada.
Latest News
What to expect for GICs in 2024 + MORE Nov 20th
In late 2020, major banks were offering 5-year guaranteed investment certificates (GICs) with rates of less than 1%. Now, just three years later, bank GIC rates for 5-year terms are over 4%. Some credit unions and trust companies are offering rates over 6% for short-term GICs, though 4- and 5-ye.... More »
B.C.'s real estate professionals on what they need to stop money laundering in housing - CBC.ca Apr 16th
B.C.'s real estate professionals on what they need to stop money laundering in housing CBC.caKey players in B.C.'s real estate industry have put forward several recommendations they say will help in the fight against money laundering. The provincial ...View full coverage on Google News.... More »
National Bank to buy Canadian Western Bank, household wealth jumps to record high and lessons from Swiss Chalet: Must-read business and investing stories - The Globe and Mail Jun 16th
National Bank to buy Canadian Western Bank, household wealth jumps to record high and lessons from Swiss Chalet: Must-read business and investing stories The Globe and MailView Full Coverage on Google News.... More »
Tax planning for Canadians who invest in the U.S. Jun 10th
It’s no surprise that many Canadians invest south of the border—both in stocks and real estate. On the world stage, economically speaking, we’re small potatoes.
As of May 31, 2021, Canada’s country weight within the MSCI All Country World Index was less than 3%. By comparison, U.S. stocks re.... More »
How to save (and invest) your first $100,000 Mar 27th
A popular milestone goal for young adults just starting out is to save $100,000 cash. YouTube and TikTok are buzzing with videos on this very topic, and it makes sense—$100,000 is enough to give you financial breathing room and life-changing options, like making a down payment on a condo or house,.... More »
TransAlta Corp. says Brookfield Renewable Partners and its institutional partners have signed a $750-million deal to invest in the company’s hydro assets.
Using asset allocation ETFs for your RESP
– CanadianCouchPotato.com
One-fund ETF portfolios can be ideal for education savings [MoneySense]
Investors were taking a cautious approach on Monday after Friday’s steep slide in stock indexes, with shares down both in Toronto and New York.
Halifax-based Emera Inc has agreed to sell its electrical transmission and distribution assets in Maine for $1.8 billion Cdn to Calgary’s Enmax Corp.
Why the $35,000 RRSP Home Buyers’ Plan won’t be much help
– moneysense.ca
It’s been about a week since federal budget day and I still have questions about some of the things the government announced. For instance, why did they introduce a deferred annuity, which will allow Canadians to put 25% of their RRSP or RRIF into an annuity that must start paying out by 85 at the latest, instead of pushing back the RRIF withdrawal age limit? With more people working past 65, changing the withdrawal limit from 71 to, say, 75, would have allowed people to invest longer and then drawdown savings later in life when they really need it.
The biggest head-scratcher for me, though, was around the RRSP Home Buyers’ Plan. I still can’t figure out why the Liberals decided that letting first-time homebuyers withdraw $35,000 from their RRSP, which they still have to pay back over 15 years, instead of $25,000 is the answer to Canada’s housing problems. It seems to me that it only benefits professionals in Toronto and Vancouver who are already making good money and can afford a home whether they’re saving in their RRSP or not…
The biggest head-scratcher for me, though, was around the RRSP Home Buyers’ Plan. I still can’t figure out why the Liberals decided that letting first-time homebuyers withdraw $35,000 from their RRSP, which they still have to pay back over 15 years, instead of $25,000 is the answer to Canada’s housing problems. It seems to me that it only benefits professionals in Toronto and Vancouver who are already making good money and can afford a home whether they’re saving in their RRSP or not…
