Microsoft inks Nvidia game deal to assuage regulators over Activision merger – Financial Post + MORE Feb 21st

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Points and payouts: Scottie Scheffler captures $25M, finishes No. 1 in FedExCup standings - PGA TOUR Sep 1st

Points and payouts: Scottie Scheffler captures $25M, finishes No. 1 in FedExCup standings  PGA TOURBob Weeks: Scottie Scheffler, Taylor Pendrith finish strong at Tour Championship  TSNScheffler wins Tour Championship and FedEx Cup title; Ryu rebounds in Boston  Toronto .... More »
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Is VFV a good buy? What about other U.S. ETFs with even lower fees? Sep 4th

With an average management expense ratio (MER) of 0.09% and collective assets under management (AUM) approaching $40 billion, exchange-traded funds like the Vanguard S&P 500 Index ETF (VFV), the BMO S&P 500 Index ETF (ZSP) and the iShares Core S&P 500 Index ETF (XUS) are some of the most.... More »

Oil prices drop sharply after Trump moves to reassure markets over Iran war - The Guardian + MORE Mar 10th

Oil prices drop sharply after Trump moves to reassure markets over Iran war  The GuardianIran war live: Trump says conflict will be over soon; Gulf attacks continue  Al JazeeraMarkets Monday: North American stock indexes swing positive, oil prices fall, after Trump suggests war n.... More »

Helping your kids buy their first home: Smart strategies for today’s market + MORE Mar 5th

With housing prices close to record highs, many young adults worry that homeownership is no longer a realistic goal. But with smart planning, education, and creative strategies, buying that first home is still possible. As parents (or grandparents), we can empower our kids by teaching them strong fi.... More »

TFSA contribution room calculator Dec 11th

Tax-free savings accounts (TFSAs) are one of the most popular tools for retirement savings. Since you contribute funds that you’ve already paid taxes on, you’ll enjoy tax-free growth. However, the government places limitations on how much you can contribute every year and overall. This is known .... More »
Microsoft inks Nvidia game deal to assuage regulators over Activision merger  Financial PostMicrosoft President Is Carrying That Giant Sony Call of Duty Deal In Pocket, Weirdly  KotakuMicrosoft signs 10-year deal to bring Call of Duty to Nintendo platforms  MobileSyrupNvidia earnings overshadowed by Microsoft, ChatGPT, OpenAI, gaming partnership  MarketWatchMicrosoft Wins Nvidia Support for Embattled Activision Deal  BNN BloombergView Full Coverage on Google News

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I have $119,000 room allowed in my RRSP and $81,000 room in my TFSA.

I am 47, live in B.C., currently not earning income as a caregiver for a parent. I have a business with a registered GST number to claim income now or in the future. But for my question, let’s assume I will be claiming $0 for the next three years. 

I have a sum of $250,000 coming to me as a gift, and I am looking to invest/save it. 

I plan to use the portions not contributed into my TFSA and RRSP in investments that will be earning interest as income—likely mortgage investments.

Based on my income projections, what amount makes the most sense to invest into RRSPs at this time? 

Should I spread the amount out over a period of time? Same question for TFSA. 

—Jennifer 

Maxing out registered accounts: TFSAs and RRSPs

Jennifer, you likely want to maximize your tax-free savings account (TFSA), skip the registered retirement savings plan (RRSP) for now, and put the rest of your money into a non-registered account…

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