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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What’s the best way to pay down debt? + MORE Sep 2nd
As a Certified Financial Planner (CFP), a common question I hear from Canadians is how to better understand their debt. Questions like: How did I get here? What is the best approach to paying my debt off?
Many Canadians have debt of different amounts and for many different reasons. Common types .... More »
Ontario expected to have the worst economic growth in Canada thanks to Trump's tariffs, report says Sep 18th
Despite Premier Doug Ford's battle against the tariffs, demand for Ontario exports has declined as has business investment and hiring..... More »
Ontario takes control of real estate regulator - CBC Nov 28th
Ontario takes control of real estate regulator CBC‘Decisive action is required:’ Ontario moves to take over real estate regulator CP24Ford government to take control of Ontario’s real estate regulator Monday, assumes all powers of board Toronto StarOntario appo.... More »
Is Wealthsimple’s new Physical Gold Trading worth it? Dec 17th
Gold prices hit a new all-time high of $4,379 USD per ounce in October. At the time, we covered the move with a comprehensive guide on the different ways investors can gain exposure to gold. The takeaway was straightforward: if your goal is portfolio diversification, owning gold through an exchange-.... More »
Do you need market-neutral ETFs in your portfolio? Apr 23rd
In August 2025, I wrote about a concept that started gaining traction among financial advisors: the 40-30-30 portfolio. This allocation emerged in the aftermath of the 2022 bear market, when rising inflation and aggressive interest-rate hikes caused both stocks and bonds to decline at the same .... More »
Ask MoneySense
My partner and I plan to buy a $600,000 home in two to three years with a 20% down payment. Can we each use $40,000 from our FHSAs and $60,000 from our RRSPs through the Home Buyers’ Plan, even though we would only need $120,000 for the down payment? We would use the additional $80,000 for any necessary renos. Over the next few years, we would continue investing in our RRSPs and invest the tax refunds in our TFSAs, even though we plan to eventually pull the full $120,000 from our RRSPs, instead of keeping that money locked in.
My partner and I plan to buy a $600,000 home in two to three years with a 20% down payment. Can we each use $40,000 from our FHSAs and $60,000 from our RRSPs through the Home Buyers’ Plan, even though we would only need $120,000 for the down payment? We would use the additional $80,000 for any necessary renos. Over the next few years, we would continue investing in our RRSPs and invest the tax refunds in our TFSAs, even though we plan to eventually pull the full $120,000 from our RRSPs, instead of keeping that money locked in.
—Ryan
Combining FHSA and RRSP withdrawals to buy a home
A first-time home buyer can mix and match different accounts to fund their home down payment. The recently introduced first home savings account (FHSA) is primarily for an eligible home purchase. Through the Home Buyers’ Plan (HBP), you may also be able to withdraw from a registered retirement savings plan (RRSP) up to certain limits. Tax-free savings accounts (TFSAs) are flexible accounts that can also be used with no requirement to repay what you withdraw…
Canada’s TD Bank to exit Charles Schwab stake worth $15.4 billion Reuters’That is a lot of capital’: TD shares jump on Schwab stake sale Yahoo Canada FinanceSchwab Stock Falls. A Big Shareholder Is Selling. Barron’sTD Bank selling its full stake in Charles Schwab The Globe and MailTD Bank Group to sell remaining 10.1 per cent stake in Charles Schwab Hamilton Spectator
