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Stock news for investors: Canopy Growth to acquire MTL Cannabis in $125-million deal + MORE Dec 20th
Here’s a round-up of news for Canadian investors this week.
Canopy Growth
Blackberry
Transat
Featured RRSP Accounts
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EQ Bank
Build your retirement savings with 1.50% in.... More »
Ontario considers creating its own public pension plan + MORE Oct 16th
Ontario is considering creating its own public pension plan if the federal government fails to enhance Canada Pension Plan payouts in future, suggest separate reports in the Globe and Mail and Toronto Star Wednesday. The plan would be funded by employers and employees but managed by the provincial g.... More »
2022 Income Tax: New tax credits for Canadians Nov 30th
It’s that time again… to get all your paperwork ready for tax season. We all know about having our T4 and registered retirement savings plan (RRSP) contribution statements ready, but what about the new tax credits for the 2022 tax filing season? What are they and how do they work? Don’t wo.... More »
Making sense of the markets: Looking at 2025 + MORE Jan 3rd
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Can we make sense of the 2025 markets?
Stock market predictions rarely age well. (As you can read from our look at 2024..... More »
What is the TFSA contribution limit in 2025? + MORE Feb 14th
The tax-free savings account (TFSA) is one of the best ways for Canadians to grow their money. This registered account (meaning that it’s registered with the federal government) offers tax-free growth and tax-free withdrawals—a one-two punch that no other Canadian registered account offers.
U.... More »
Brian Paul Goodman
– macleans.ca
Fiercely competitive and hard-working, he rose through the legal ranks. After a long career, he had big retirement plans.
How not to outlive your retirement funds: The 4% rule
– thestar.com
How much cash can retirees withdraw from investments each year and outlive their income? One rule of thumb is 4 per cent.TD Direct Investing disappoints on US dollar RRSPs
– moneysense.ca
It is more than 3 years now since RBC Direct became the first big bank discount broker to offer a US Dollar RRSP. The next year, BMO InvestorLine followed suit and allowed clients to segregate the US dollar investments in their RRSPs. While TD Waterhouse (now called TD Direct Investing) reacted to these moves by implementing an auto wash feature, it is disappointing to note that the broker still does not offer a true US Dollar RRSP account. It is doubly disappointing because TD Direct’s customer service representatives had been hinting to clients that a US Dollar RRSP is in the works and expect it to launch in the first half of 2013.
It is easy to quantify the cost of sticking with TD Direct Investing when some of the competition offer true US Dollar RRSP accounts. The automatic washing helps in saving on currency conversion charges when selling a security denominated in US dollars and buying another USD security even on different days. But, due to the lack of a true US Dollar RRSP, US dollar dividends received by a TD Direct Investor are forcibly converted to Canadian dollars and charged a fee of approximately 1…
It is easy to quantify the cost of sticking with TD Direct Investing when some of the competition offer true US Dollar RRSP accounts. The automatic washing helps in saving on currency conversion charges when selling a security denominated in US dollars and buying another USD security even on different days. But, due to the lack of a true US Dollar RRSP, US dollar dividends received by a TD Direct Investor are forcibly converted to Canadian dollars and charged a fee of approximately 1…
7 reasons to pursue financial independence
– moneysense.ca
Most of us don’t need reminders of why we want to retire some day. As the decades fly by, salaried jobs can be stressful and that doesn’t seem about to change in an increasingly competitive global economy. There may come a time when bosses, clients, ambitious co-workers, the commuting routine and other aspects of working may start to pale. The sheer time and energy needed to be a full-time worker also takes away from other things: time with family, time to for the arts, sports, spiritual pursuits or other forms of leisure.
In short, no one has to sell us on the idea of retirement. You don’t need seven reasons to retire. You already know why you’re saving for an eventual retirement and it boils down to one word: Freedom.
And yet it seems people do need to be reminded of the benefits of financial independence. As anyone who has happened on this blog well knows, I do not regard financial independence (or what I call “Findependence” for short) and retirement as the same thing…
In short, no one has to sell us on the idea of retirement. You don’t need seven reasons to retire. You already know why you’re saving for an eventual retirement and it boils down to one word: Freedom.
And yet it seems people do need to be reminded of the benefits of financial independence. As anyone who has happened on this blog well knows, I do not regard financial independence (or what I call “Findependence” for short) and retirement as the same thing…
