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What to do with a rental property when you owe more than it’s worth + MORE Apr 23rd
Q. I bought a home in Fort McMurray, Alta., for $413,000 in 2007. Five years later, in 2012, I moved out and started renting the property, and it has remained an income property since then.
With the decline in oil prices, the town of Fort McMurray has seen real estate losing value like crazy. After .... More »
Crypto marketing: What can be said—and not said—in Canada? + MORE Dec 14th
I saw an ad saying there’s no risk in trading bitcoin. How can they say that?—Abbas
Good question. Crypto companies try to entice new customers with flashy marketing. Sometimes, the offers sound far too good to be true, promising outsized returns or low to no investment risk.
Here’.... More »
When are tax-deferred and tax-free accounts actually taxable? Feb 3rd
Q. I saw your blog online; thank you so much for the wonderful job that you are doing—it was very informative! That motivated me to start investing too, but now I have a couple of questions. I understand that there is tax on US dividends in TFSA, do we pay tax as well when we sell:
U.S. stocks in.... More »
’Tis the season for tax-loss selling in Canada + MORE Dec 8th
With 2023’s year-end fast approaching, late December is a critical period for Canadian investors and their money managers. Now that we’re in the fourth quarter, this is the time to take inventory of your investments—and specifically taxable non-registered investment accounts—with an eye to m.... More »
Virtual Reality could make this stock the next Amazon.com + MORE May 19th
An examination of the most promising and profitable investment themes from Citi’s global quantitative strategy team
.... More »
Why the McDonald’s stock ‘recovery’ is a mirage
– theglobeandmail.com
All-day breakfast and debt-fuelled stock buybacks are only masking the burger chain’s deeper problems
Generating Retirement Income
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Crappy bond yields are putting a dent in your retirement plan.
Global economic growth is slowing and might slow down even more.
Healthcare is becoming more expensive.
At least low interest rates are keeping our real estate market in check. For now. Then again, new mortgage rules are here and more are on the way. Taking tons of equity out of your home isn’t the best option unless you live in downtown Toronto or Vancouver. This is because you have to live somewhere.
These are not easy times for retirement planning (or income planning for retirement).
Today’s post will share some of my thoughts about how I’m going to generate retirement income. But first, some retirement planning options to counter various financial headwinds.
Option #1 – Save more
I doubt most people will like this option but it’s probably necessary for many Canadians: you’re going to need to save more than you think to fund your retirement. This is especially true if you have no workplace pension of any kind to rely on…
Crappy bond yields are putting a dent in your retirement plan.
Global economic growth is slowing and might slow down even more.
Healthcare is becoming more expensive.
At least low interest rates are keeping our real estate market in check. For now. Then again, new mortgage rules are here and more are on the way. Taking tons of equity out of your home isn’t the best option unless you live in downtown Toronto or Vancouver. This is because you have to live somewhere.
These are not easy times for retirement planning (or income planning for retirement).
Today’s post will share some of my thoughts about how I’m going to generate retirement income. But first, some retirement planning options to counter various financial headwinds.
Option #1 – Save more
I doubt most people will like this option but it’s probably necessary for many Canadians: you’re going to need to save more than you think to fund your retirement. This is especially true if you have no workplace pension of any kind to rely on…
CBC.caAlberta shuts down private Christian school operatorThe Globe and MailThe Alberta government has shut down a private Christian school association responsible for roughly 30 per cent of the province's home-schooled children after concluding hundreds of thousands of dollars were inappropriately diverted, with problems …Alberta government shuts down Cold Lake private school; province says insufficient accountabilityGlobalnews.caAB school association closed for financial impropriety, including money for booze660 NewsTrinity Christian School Association stripped of registration and accreditationNews Talk 770 Calgaryall 11 news articles »
Earnings season got off on the right foot last week when Precision Drilling said that it had rehired 1,000 workers. Will that set the tone for the coming weeks?
CIBC divisions reach deal with OSC over excess client fees
– theglobeandmail.com
The OSC said some CIBC clients with fee-based accounts paid excess fees for certain mutual funds, structured notes, exchange-traded funds and closed-end funds as far back as 2002
