Not sure how to make a retirement plan? Read on…
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What do to with a spousal RRSP at age 71 Jun 15th
Ask MoneySense
My question is in regards to a spousal RRSP that I have set up for my wife years ago. When she turns 71, do we have to turn it into something like a RRIF, which I did for my RRSP (I am older than her) and then withdraw from it annually? Or, could it be directly transferred to her TFSA.... More »
Segregated funds are no tax panacea + MORE Jun 6th
Ask a Planner
I attended a financial planning seminar and the presenter said you’re taxed so high on RRSPs when you die that your kids are only going to get half of it, which I already kind of knew. So, if you put it into these segregated funds, then you don’t pay tax. Should I be doing.... More »
When to consider extra RRIF withdrawals Apr 4th
I am in my 91st year and for my age, in reasonably good health. I drew down a significant extra sum in 2025 from my RRIF. Fortunately, due to some good earlier decisions, my RRIF remains with a very strong market value. I use this drawdown for two purposes: to reinvest in my non-registered accounts.... More »
A simple guide to investing your first $500 + MORE Jan 24th
For many young Canadians, the barrier to entry for investing feels impossibly high. Between student loans, rising rent, and the cost of living, scraping together a starter fund can seem daunting. Yet, as little as $500 to $1,000 is sufficient enough to begin building the habits that create long-ter.... More »
Stock news for investors: Air Canada profit drops more than 50% in Q2 amid “challenging environment” Aug 1st
Here’s a round-up of news for Canadian investors this week.
Air Canada
George Weston
Lightspeed
Bombardier
Gildan Activewear
TFI
Algoma Steel
Featured RRSP Accounts
featured
EQ Bank
.... More »
Why GICs might be a better investment than stocks and bonds
– moneysense.ca
Financial markets have fallen quite dramatically in 2022, and that has made choosing investments even more difficult than usual. The turmoil has made many investors nervous about investing in stocks. The Toronto Stock Exchange (TSX) was down nearly 10% for the first half of 2022, and the S&P 500 stock index was down over 18%. But the thing that has many investors worried, especially the more conservative ones, is the fact that bonds fell over 12% from Jan. 1 to June 30, 2022, as measured by the Financial Times Stock Exchange (FTSE) Canada Universe Bond Index. If you’re looking for an alternative that promises a safe and predictable return, buying a guaranteed investment certificate (GIC) could be an option.
Why would an investor consider a GIC as part of their investment portfolio? Here are six reasons.
1. GICs have a guaranteed return
A GIC is a safe investment with minimal risk. For the first time in about 15 years, GIC rates have breached 5%; meanwhile, the Canada Pension Plan (CPP) is currently estimating a future 6…
