All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
The First US Bird Flu Death Is a Stark Warning - WIRED + MORE Jan 7th
The First US Bird Flu Death Is a Stark Warning WIREDU.S. reports 1st bird flu death in human, Louisiana officials say Global News Toronto1st deadly case of H5N1 bird flu reported in US Livescience.comModerna Stock Jumps on Bird Flu Vaccine Hope After First U.S. Death.... More »
Is now the time for retirees to sell stocks and buy GICs? + MORE Aug 10th
Ask MoneySense
My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
.... More »
Cut unnecessary costs with one simple change to your banking Dec 10th
If you’re like many Canadians, you view bank fees as a necessary expense, but this couldn’t be farther from the truth. Paying a small fee each month isn’t usually much trouble, but over a whole year, it can really add up. The good news is that affordable banking has never been more in .... More »
Hudson’s Bay to liquidate entire business, still seeking additional capital - Toronto Star Mar 15th
Hudson’s Bay to liquidate entire business, still seeking additional capital Toronto StarHudson’s Bay to start liquidating stores as early as next week CityNews TorontoHudson's Bay Company nearly $1B in debt, with court filings painting dire financial portrait CBC.... More »
Capital gains tax when renting out your former principal residence Jul 25th
Ask MoneySense
If a person moves to find work, does not sell their home, and rents in the new location for several years, is the original home subject to capital gains if they sell it? It has been rented out in the interim.
—Hugh
Do you pay capital gains when you rent out a former principal.... More »
Financial aid is rarely an after-thought, but student debt is often a bigger problem than most university and college students in Canada anticipate. Rising tuition fees and expenses of going to college or university have become increasingly large burdens to bear for students—many of whom are already dealing with pressures from the cost of living on their own for the first time. Add on the economy-pausing pandemic, and it’s easy to understand why students are looking for financial help for school. A 2020 poll by conducted by CIBC showed that about 7 out of 10 students admitted their income has been affected by the COVID-19 situation.
School is expensive—even without a pandemic. A 2018 Canadian University Survey Consortium survey of graduating students shows that, of the 50% of students finishing school with debt, the average amount owed is about $28,000. And for many that debt can be crippling. According to an eight-year study by independent personal insolvency firm Hoyes, Michalos & Associates Inc…
School is expensive—even without a pandemic. A 2018 Canadian University Survey Consortium survey of graduating students shows that, of the 50% of students finishing school with debt, the average amount owed is about $28,000. And for many that debt can be crippling. According to an eight-year study by independent personal insolvency firm Hoyes, Michalos & Associates Inc…
Investing in “unprecedented times”
– moneysense.ca
This year’s unprecedented combination of pandemic panic and election uncertainty may have you side-eyeing the stock market. But even now, for Canadians who are in a financial position to do so, investing is still one of the best ways to grow your wealth. And while you can’t eliminate risk, you can work to help mitigate it by taking the time to educate yourself on the ins and outs of investing, understand your own risk tolerance, your investing goals and which investing options will help you get there.
What does an investment goal look like?
Investing is the act of acquiring an asset with the goal of generating wealth. Ideally, you gain a return that’s larger than what you originally used to invest.
One thing to consider is getting more granular with your investing goals than “making money.”
“It could be simple, like, ‘I want to have saved enough to replace my car in 10 years,’ or more complex, like, ‘I want to save enough so that I can retire at age 65 with $2,500 per month, after taxes, from my investments, for as long as I’m alive,’” says independent Certified Financial Planner Alexandra Macqueen…
What does an investment goal look like?
Investing is the act of acquiring an asset with the goal of generating wealth. Ideally, you gain a return that’s larger than what you originally used to invest.
One thing to consider is getting more granular with your investing goals than “making money.”
“It could be simple, like, ‘I want to have saved enough to replace my car in 10 years,’ or more complex, like, ‘I want to save enough so that I can retire at age 65 with $2,500 per month, after taxes, from my investments, for as long as I’m alive,’” says independent Certified Financial Planner Alexandra Macqueen…
