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.
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BP bets on U.S. shale growth with bid for assets of BHP Billiton Jul 6th
BP PLC is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton Ltd after submitting an offer worth well in excess of $10 billion US, people familiar with the matter said on Friday..... More »
Questrade trading fees: Good news for Canadian investors Feb 12th
With a TV ad aired during the 2025 Super Bowl on February 9, digital brokerage Questrade has announced it will offer commission-free stock and exchange-traded fund (ETF) trades henceforward. That brings to three the number of 0% commission investment brokers available to Canadians, along with Wealth.... More »
What a stock split means for your portfolio and tax situation + MORE Sep 8th
When a stock splits, investors end up with more shares of a company, at a lower stock price. An example might be a 2:1 split, where an investor with 10 shares worth $100 each ends up with 20 shares worth $50 each after the stock split.
Apple (Nasdaq: AAPL) and Tesla (TSLA) both had stock splits on.... More »
47% of workers living paycheque to paycheque + MORE Sep 6th
TORONTO — A new survey by the Canadian Payroll Association suggests nearly half of workers are living paycheque to paycheque due to soaring spending and debt levels.
The poll found that 47 per cent of respondents said it would be difficult to meet their financial obligations if their paycheque wa.... More »
What’s the RRSP deadline for 2022? Feb 10th
RRSP contribution deadline highlights
The RRSP contribution deadline for 2022 is March 1, 2023. Contributions made before the deadline must be reported on your 2022 tax return, but you can choose to carry the deductions forward into 2023 or beyond.
Every year, Canadians are asked to prepare.... More »
CTV NewsArrested man denies being jogger who pushed woman into busCTV NewsLONDON — Lawyers for an American investment banker arrested on suspicion of pushing a woman into the path of a London bus say he had nothing to do with it. Law firm Duncan Lewis Solicitors says its client "has been wrongly implicated" in the case of a …American investment banker busted in Brit bus pushToronto SunMan arrested after woman pushed in front of bus says he was in USkfor.comJogger arrested, accused of pushing woman in front of London busMy Fox BostonLAist -New Jersey Herald -CBS Los Angeles -Blasting Newsall 10 news articles »
CPP performance is well ahead of what chief actuary of Canada says will be needed to pay benefits for decades.
The case of the time travelling money manager
– moneysense.ca
Imagine, if you will, the case of a time travelling money manager. He found a peculiar machine in the 1920s that allowed him to jump forward in time in five year increments. Not being one to waste a good opportunity, he set off through time and grabbed a copy of the newspaper when he landed before flashing forward again.Unfortunately, when he returned to his own time the machine collapsed into a highly-improbable wormhole and disappeared forever. A regrettable development to be sure, but the time traveller still had the newspapers he had gathered and was set to make millions in the stock market.
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It’s a fanciful tale, but it yields an interesting lesson. It’s something Dr. Wesley Gray explored in a post on alpha architect while using a somewhat more blasphemous metaphor.
The good doctor calculated how well an investor would have fared if they had known about stock returns in advance. He tracked a portfolio of 50 stocks that was rebalanced every 5 years based on knowledge of what would happen over the next 5 years from the start of 1927 to the close of 2016…
Why we're always in unprecedented times, a beaten down tech stock, and beware of the risks you can't see
– theglobeandmail.com
A roundup of investment ideas for active investors
Q If I’m an American living in Canada, have a TFSA, but never used it to invest, just holding it as a savings account, do I still need to report it on the U.S. tax return? If so, what forms are required?
—Thanks, Jimmy
A Any income received in a TFSA needs to be included on a U.S. tax return as income. In addition, if the account is set up as a trust (look for an Agreement of Trust in the fine print of the application), you will need to file foreign trust forms (Forms 3520-A & 3520) with the IRS each year.
Failure to file or late filing of either of these forms, when required, can attract a $10,000 U.S. penalty. Further, if you have mutual funds or ETFs as investments, you may also have to file Form 8621 to report the existence of/and income from a PFIC (passive foreign investment company).
The taxation of these types of investments can be punitive if not dealt with early and by a tax professional that understands the tax regulations around them.
Cleo Hamel is a senior tax expert with American Expat Taxes in Calgary
Ask a Tax Expert: Leave your question for Cleo Hamel »
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