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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AI-fuelled scams on the rise as holiday shopping begins Nov 18th
As the holiday shopping season approaches, one expert says there are some scam trends emerging that consumers need to watch out for. Larry Zelvin, the head of the financial crimes unit at BMO Financial Group, said new technologies like artificial intelligence are making fraud harder to detect. “T.... More »
Making the most of the pension tax credit Nov 28th
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I liked your coverage of RRIF taxation. I would like to see more information on LIF taxation. More precisely, on the following scenario: Individuals do not get the $2,000 tax credit for RRIF withdrawals before age 65. Did I read properly that for LIF withdrawals the $2,000 tax cr.... More »
A practical guide to investing at every life stage Feb 3rd
Investing is a long journey, not a single decision. So, when planning out your investment strategies, it helps to consider where you’re at in your life and retirement timeline.
As your financial needs change from early career to mid-life to pre-retirement to retirement itself, so, too, should t.... More »
Ford warns Carney not to cut tariffs on Chinese EVs as PM looks to repair ties with Beijing - CBC Jan 8th
Ford warns Carney not to cut tariffs on Chinese EVs as PM looks to repair ties with Beijing CBCChina may try to use Carney’s visit to drive a wedge between Ottawa and Washington: Kovrig CTV NewsPrime Minister Carney to diversify Canada’s trade, attract new investment, and s.... More »
Financial independence and travel: Can you have both? Apr 24th
In February and early March, as is increasingly our custom, my wife Ruth and I spent five weeks in a sunny clime in order to avoid the tail end of Canada’s winter. On our return from Malta, regular guest blogger Devin Partida contributed a relevant article titled “Can you pursue financial indepe.... More »
President Donald Trump today imposed tariffs on imports from Canada and Mexico.
The president’s executive order hitting Canada and Mexico with 25% across-the-board tariffs, with a lower 10% levy on Canadian energy, took effect at 12:01 a.m. ET.
At a news conference in Ottawa, Prime Minister Justin Trudeau outlined Canada’s response. He said Canada is immediately introducing 25% retaliatory tariffs on $30 billion worth of American products, and will expand them to cover another $125 billion in U.S. goods in 21 days.
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