The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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How does a U.S.-dollar TFSA work? May 21st
Ask MoneySense
I just set up an American dollar TFSA to complement my existing TFSA. I do not know how the contribution gets calculated, and the goal is to not overcontribute with the sum of these.
—Michelle
An investor can open more than one tax-free savings account (TFSA). There are no r.... More »
Tax Implications of Receiving a Cash Gift in Canada Jan 9th
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Making sense of the markets this week: February 6 Feb 4th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
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Getting Financing After Bankruptcy IS Possible
– investitwisely.com
Contrary to popular belief, it is possible to obtain a personal loan after you have been declared bankrupt.It is not going to be an easy process by any stretch of the imagination, but it certainly is possible. On this page, we are going to go through everything that you need to know about obtaining a personal loan after bankruptcy.
The Type of Bankruptcy Will Matter
As you may well know, there are two types of bankruptcy:
Chapter 7: with this type of bankruptcy, nearly all of your debts will be wiped out. Some of your assets may end up being sold during this process. This type of bankruptcy will be listed on your credit profile for 10-years.
Chapter 13: your debts will not be wiped out. Instead, you will enter a debt-restructuring plan where you will be paying back your debts over a few years. This bankruptcy will likely not impact your score after 7-years, assuming you meet the debt obligations.
According to David Winfield of SimpleFastLoans, “If you have a bankruptcy listed on your credit report, it becomes more difficult to obtain a personal loan…
