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.
Latest News
Heading Back to the Office? Here’s How Much it Will Cost You Thanks to Inflation + MORE May 26th
Over the last few months, Canadians have slowly started returning to the office—and many more will likely head back soon. Among the adjustments they’ve had to make is getting used to wearing real pants instead of sweatpants, and remembering how to make small talk with co-workers.
And then t.... More »
How much does life insurance cost in Canada? + MORE Mar 22nd
Life insurance is often touted as the financial safety net we all need, but what if it’s an added expense you’re not sure you can afford? If that’s your thinking, you’re far from alone—a 2019 study showed that most Canadians are underinsured, with 49% having never purchased life insurance.... More »
Investing In Your Amazing Employees Jul 9th
What investing means in status-quo?
If we are to be told that the trends in and of business have changed greatly over recent times, this will not be an exaggeration. Departmental functions have been significantly revised; the conventional blueprint of practices is largely removed and a more inculcat.... More »
Enbridge, TransCanada shares recover from steep dive following U.S. tax ruling + MORE Mar 17th
CALGARY _ Shares in Canadian pipeline companies Enbridge Inc. and TransCanada Corp. are recovering from a steep sell-off Thursday after the U.S. eliminated a tax break for owners of certain interstate pipelines.
Both Calgary-based companies hold such pipelines in the United States through master lim.... More »
A guide to getting value from your advisor, and shifting to lower-cost investments May 19th
A MoneySense reader writes:
I have investments with a financial planner and my fees are 2% or more per year, for a total of close to $6,000 per year in fees. I’ve been looking at moving my investments to a robo-advisor, but I’m concerned about the capital gains and subsequent taxes from moving m.... More »
Toronto stock index makes meagre gain, as energy and gold sectors weigh
– canadianbusiness.com
TORONTO _ Gains in the health-care and telecommunications sectors helped prevent Canada’s main stock index from falling into the red today, as energy and gold stocks weighed heavily.
The S&P/TSX composite index added 5.83 points to 16,004.40. Valeant Pharmaceuticals Intl. Inc. (TSX:VRX) and Shopify Inc. (TSX:SHOP) had some of the biggest advances, up more than six per cent and nearly four per cent respectively at the closing of markets.
In New York, the Dow Jones industrial average gained 72.09 points to 23,430.33. The S&P 500 index edged up 3.29 points to 2,582.14 and the Nasdaq composite index advanced 7.92 points to 6,790.71.
The Canadian dollar was trading at 78.17 cents US, down 0.06 of a U.S. cent.
In commodities, the January crude contract was down 29 cents at US$56.42 per barrel and the December natural gas contract declined five cents to US$3.05 per mmBTU.
The December gold contract fell US$21.20 to US$1,275.30 an ounce and the December copper contract added three cents to US$3…
The S&P/TSX composite index added 5.83 points to 16,004.40. Valeant Pharmaceuticals Intl. Inc. (TSX:VRX) and Shopify Inc. (TSX:SHOP) had some of the biggest advances, up more than six per cent and nearly four per cent respectively at the closing of markets.
In New York, the Dow Jones industrial average gained 72.09 points to 23,430.33. The S&P 500 index edged up 3.29 points to 2,582.14 and the Nasdaq composite index advanced 7.92 points to 6,790.71.
The Canadian dollar was trading at 78.17 cents US, down 0.06 of a U.S. cent.
In commodities, the January crude contract was down 29 cents at US$56.42 per barrel and the December natural gas contract declined five cents to US$3.05 per mmBTU.
The December gold contract fell US$21.20 to US$1,275.30 an ounce and the December copper contract added three cents to US$3…
Q. In the 1980s, I bought a number of bottles of wine that I kept in my cellar. I’ve now put this wine up for auction, and it will fetch over $10,000. However, I have no records of the original purchases, and no memory of what I paid for the wine, although it was certainly a lot less. How do I handle the reporting of capital gains on the sale of the wine? – Ken M. Toronto
Hi, Ken. That’s a good question. For U.S.citizens, green card holders and those who are considered resident aliens under the U.S. Tax Code, sales from collectibles including bottles of wine are taxed a 28% capital gains rate, plus of course an additional 3.8% Net Investment Income Tax if you have a high income.
Assuming you live in Canada, you would receive credit for any taxes you pay to Canada Revenue Agency on the income. On the Canadian side, because the wine is listed as personal property, the original cost is assumed to be $1.000 (Cdn.). That would be your starting point.
Since Canadian taxpayers are required to keep books and records in order to determine their tax liability, you would need to find some sort of documentation to support a higher cost…
How mutual fund investors are being left out of the pot stock rally
– theglobeandmail.com
According to TD, funds that haven’t added Canopy Growth Corp. to their portfolios are lagging the benchmark index by about 7 basis points since March
Author Moshe Milevsky makes his case to bring back a financial instrument from the past.SPEED READER
Book: King William’s Tontine: Why the Retirement Annuity of the Future Should Resemble its Past
Author: Moshe A. Milvesky
Publisher: Cambridge University Press
Price: $56.43 for 257 page hardcover ($39 for the paperback)
WHO IS IT FOR? Anyone interested in discovering new ways to help us fund retirement—and if you love history, all the better.
WHAT IS A TONTINE? Part annuity, part lottery, and part hedge fund, the tontine—which recently celebrated its 360th birthday—offered a lifetime of income that increased as other members of the tontine died off and their money was distributed to survivors. The tontine is a slightly macabre concept that involves the pooling of investments in such a way that those who die end up subsidizing those who keep living.
Tontines: The retirement plan of the future?
WHY WE LIKE IT. Who would have guessed that a tontine financing scheme invented by a 17th Century Italian businessman might hold the key to retirement security for today’s workers? The investment takes its name from Lorenzo de Tonti, an exiled Neapolitan banker living in France who, in 1653 conceived of a plan to replenish the royal treasury, depleted by the Thirty Years’ War…
A TFSA to protect against an apocalypse
– moneysense.ca
Trevor Bonnici
AGE: 47
PLACE: Toronto
TFSA TOTAL: $47,895
STRATEGY: a portfolio that protects against hyperinflation and maintains his purchasing power
TFSA Holdings
Gold
25%
Mawer Global Bond Fund
35%
1 to 5-year TIPS VTIP ETF
10%
Polar Long/Short Fund (POL202)
(small- to mid-cap Cdn. equities)
5%
GIC ladder
(self-built in a self-directed account with 3rd party GICS that are CDIC-insured)
TOTAL
100%
Trevor Bonicci is 47-years old and works in the financial industry in Toronto. He has one aim with the $47,895 TFSA portfolio he put together recently, and that’s to protect his purchasing power at retirement. He’s even okay if he makes a zero real rate of return, as long as he’s protected against hyperinflation of the loonie and other currencies as well. “Preservation is the goal for my portfolio,” says Trevor who admits his approach is a bit unorthodox.
Trevor’s goal is a simple one. “I just want to ensure that what I hold today will be able to have the same purchasing power 30 years from now with as little risk as possible,” says Trevor…
