There are plenty of retirement plan options in Canada! Stay on top of the best plans right here.
Latest News
Canadians take retirement savings seriously, census data shows + MORE Sep 16th
It’s the first time the census has probed the question, taking advantage of tax data to correct a picture which experts say has long been distorted by suspect numbers and aggressive investment marketing..... More »
Why repaying student debt early is the best investment you can make + MORE Feb 17th
Q. I’m a 23-year-old who just graduated with a Masters degree and I have $30,000 in student debt ($20,000 provincial, $10,000 federal). I also just got a job with an annual salary of roughly $60,000. My question is what is the best way to invest my money (index mutual fund, stocks, online Rob.... More »
When It Comes to Retirement, I'm With Cicero Jan 13th
The great Roman orator thought aging and retiring free us from destructive ambition and competition..... More »
Why GICs might be a better investment than stocks and bonds Aug 17th
Financial markets have fallen quite dramatically in 2022, and that has made choosing investments even more difficult than usual. The turmoil has made many investors nervous about investing in stocks. The Toronto Stock Exchange (TSX) was down nearly 10% for the first half of 2022, and the S&P 500.... More »
Stock news: Couche-Tard and BlackBerry post gains, Metro flags strike impact Jun 27th
Here’s a round-up of news for Canadian investors this week.
Couche-Tard
BlackBerry
Metro
Featured RRSP Accounts
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EQ Bank
Build your retirement savings with 1.50% intere.... More »
Plan will aim to replace up to 15 per cent of income, with workers and employers each contributing 1.9% of annual earnings up to $90,000.Bond ETFs in taxable accounts
– moneysense.ca
(Peter Dazeley/Getty Images)Q: Can you share your thoughts about the BMO Discount Bond (ZDB) and the Horizons Canadian Select Universe Bond (HBB) as long-term holdings in a taxable account? –D. F.
A: Earlier this year BMO and Horizons both launched bond ETFs specifically designed for taxable accounts. These two funds have very different structures, and each has its strengths and weaknesses. So let’s dig more deeply into each fund to help you decide which might be right for your portfolio.
Before we discuss these specific funds, let’s review the problem with holding traditional bond ETFs in non-registered accounts. Most bonds these days trade at a premium (higher than their par value), because they were issued when interest rates were higher. Premium bonds are perfectly fine in your RRSP or TFSA, but they are notoriously tax-inefficient and should not be held in non-registered accounts.
Do you want a discount or a swap?
The BMO Discount Bond (ZDB), launched in February, is similar to traditional broad-market bond ETFs, such as the iShares Canadian Universe Bond (XBB), the Vanguard Canadian Aggregate Bond (VAB) and the BMO Aggregate Bond (ZAG)…
Delaying OAS Payments: Good Idea for your Retirement?
– rhondasherwood.com
Many people have questions and concerns about how delaying OAS payments will affect their retirement income. Not only will Canadians have to wait longer to receive Old Age Security (OAS) payments, but another change to the rules means that people who opt to start receiving payments later will receive a higher amount each month. Does it make sense for you to decide to delay OAS payments to get more money later on? Let’s look at your options carefully to help you determine which choice is best for you.
The Old Age Security Pension
As a Canadian you are entitled to receive certain government pension benefits such as Old Age Security (OAS) and Canadian Pension Plan (CPP), which are two very separate retirement programs. CPP eligibility is based on contributions that you have made during your working life, while OAS is based on residency.
OAS is available to all Canadian residents who have lived in the country for a minimum of 10 years after the age of 18. You can even receive benefits if you are living outside of the country when you apply for them if you have lived in Canada for at least 20 years or more after you turned 18…
