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
Bought bitcoin in 2017? Here's how cryptocurrency is taxed in Canada Apr 21st
So, you read all the headlines in 2017 about the millions of dollars to be made in cryptocurrencies, and you took the investment plunge. Don't even think about hiding that digital stash from the Canada Revenue Agency, experts warn..... More »
Huawei's Meng Wanzhou appears in Vancouver court for bail adjustment hearing Jan 29th
A day after the U.S. Department of Justice announced a formal request for her extradition, the chief financial officer of telecommunications giant Huawei appeared in B.C. Supreme Court for a bail adjustment hearing..... More »
Capital gains tax in Canada, explained + MORE Jun 16th
Capital gains tax highlights
Only 50% of a capital gain is taxable in Canada, and the taxable portion is added to your income for the year. With Canada’s current income tax rates, no one pays more than 27% in capital gains tax. You can reduce the amount of capital gains tax you owe by holding.... More »
“Is it better to pay down our mortgage or ramp up contributions to our teen’s RESP?” Nov 28th
Q. My husband and I, both in our early 40s, bought a house in Toronto four years years ago. Since then, our variable rate mortgage has gone up four times and is now at 3.2%.
We have managed to pay down $150,000 of our mortgage in those four years with the extra bi-weekly payments and have $260,000 r.... More »
Pandemic living is driving some Canadians to save money — and many are coming out ahead Oct 4th
Quick to point out they’re among “the lucky” ones, those who’ve continued to earn a decent income during COVID-19 are seeing their wealth grow and investing in their futures..... More »
Before BMO led stock sale for marijuana grower, CIBC lent money
– theglobeandmail.com
CIBC led a $20-million credit facility extended to MedReleaf last April to help the cannabis company grow
