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News for investors: Nvidia smashes Q3 expectations as AI frenzy continues + MORE Nov 22nd
Here’s a round-up of news for Canadian investors this week.
Nvidia
Metro
Questrade
Featured RRSP Accounts
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EQ Bank
Build your retirement savings with 1.50% interest, ta.... More »
Sean Wilson, financial advisor Feb 21st
Meet Sean Wilson
Sean Wilson is a Certified Financial Planner and founder of Moraine Wealth Advisory, a boutique financial planning firm specializing in helping Canadian physicians and business owners achieve their financial and life goals. With many years of experience in financial services, he.... More »
How to deal with your finances when the economy is stressing you out + MORE Mar 7th
Who would have thought that just a few month ago, all we had to “worry” about was the ongoing pandemic, high interest and inflation rates, and high grocery and housing costs. We’re three months into 2025 and so far we’ve had tariffs on Canadian goods threatened in February, then actual tarif.... More »
Is the Couch Potato a good choice for larger portfolios? + MORE May 27th
Q: I have a portfolio of just over $400,000 with an advisor in active mutual funds with fees between 1.75% and 2.80%. My investment firm is now recommending a pooled fund that is 0.50% cheaper. I also have a self-directed TFSA, where I use the TD e-Series index funds. Is the Couch Potato appropria.... More »
Is semi-retirement stressful? You bet—here’s what to do about it Jul 27th
One of my semi-retirement philosophies is that reducing stress can sometimes be more important than maximizing revenue. Assuming you’re self-employed in semi-retirement, as I am, you may find yourself juggling multiple clients and conflicting demands on your limited time and energy.
The topic o.... More »
3 Retirement Strategies to Adopt Before Age 30
– walletpop.ca
Filed under: InvestingBy Nicole Seghetti
Motley Fool
As a young person, you exhibit the single most desirable component of the investing universe: time.
Time is the magic ingredient when it comes to making your money grow. If you haven’t yet hit the big 3-0, the financial world is your oyster. A little sacrifice now can reap you big rewards down the road.
Make the most of your time and money during this phase of your life with these three strategies. Your future self will be happy you did.Continue reading 3 Retirement Strategies to Adopt Before Age 303 Retirement Strategies to Adopt Before Age 30 originally appeared on Walletpop Canada on Mon, 08 Jul 2013 09:46:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
Voluntary Deferral of Old Age Security Pension Starts – Would You Benefit?
– rhondasherwood.com
As of July 1, 2013, Canadians can choose to delay receiving their Old Age Security Pension (OAS) for up to five years. Would this make sense for your financial situation in retirement? You would have to review your personal situation and sources of income carefully. It’s a good idea to discuss your options with a financial advisor before making a decision.OAS Pension Basics
The OAS pension is a monthly benefit paid out to Canadians and legal residents aged 65 and older. If you have lived in Canada for at least 40 years after age 18 you would receive the full pension. However, if you have lived here for less time, you may qualify for a partial pension. OAS is indexed for inflation quarterly. The current maximum amount is $549.89.
Changes to OAS Age Eligibility
In the 2012 Federal Budget, measures to gradually change the eligibility age for the OAS over six years, starting in April 2023 were introduced. The eligibility age for the OAS pension and the Guaranteed Income Supplement (GIS) will increase from 65 to 67…
Norbert’s Gambit at CIBC: A case study
– moneysense.ca
Norbert’s gambit is an excellent way to reduce the cost of converting Canadian and US dollars, but not every brokerage makes it easy. Recently Justin Bender helped a client of our DIY Investor Service with a large currency conversion inside an RRSP at CIBC Investor’s Edge. It saved the client hundreds of dollars, but it was a complicated transaction and we thought other CIBC investors would benefit from learning the steps.
The difficulty stems from the fact that CIBC does not allow you hold US dollars in registered accounts. Whenever you buy or sell US-denominated securities, the brokerage forces you to convert the currency with the usual spread.
In the example below, the goal was to convert approximately $100,000 CAD to the equivalent in USD, and then use the proceeds to purchase a US-listed ETF. The prices and exchange rates were current at the time Justin made the transactions. For simplicity, we’ve rounded some numbers and ignored the $6.95 trading commission that applied to each trade…
The difficulty stems from the fact that CIBC does not allow you hold US dollars in registered accounts. Whenever you buy or sell US-denominated securities, the brokerage forces you to convert the currency with the usual spread.
In the example below, the goal was to convert approximately $100,000 CAD to the equivalent in USD, and then use the proceeds to purchase a US-listed ETF. The prices and exchange rates were current at the time Justin made the transactions. For simplicity, we’ve rounded some numbers and ignored the $6.95 trading commission that applied to each trade…
