Home / Investment / Building a TFSA doesn’t have to be complicated + MORE Aug 21st

Building a TFSA doesn’t have to be complicated + MORE Aug 21st

All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News

Has Trudeau reached a tipping point? A new poll shows his support slipping. + MORE Mar 7th

Justin Trudeau returned from India with some new investment agreements, an embarrassing diplomatic incident to sort out, and according to a new poll, less support from voters. In the latest edition of Abacus Data’s regular survey, 36 per cent of committed voters said they’d mark the box beside b.... More »
money market

Making sense of the markets this week: October 4, 2021 Oct 1st

Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.  Will the energy crunch turn into an energy crisis?   The energy story is dominating headlines these days, described as a crunch or even an energy crisis .... More »

Should you withdraw from non-registered or TFSA investments in retirement? + MORE Mar 8th

Ask MoneySense I have stocks in my TFSA as well as some that are non-registered. I am at the point in my life (retired) now that I’d like to begin selling them and using the money. Do I sell from the TFSA account or just from the non-registered portfolio?—Catherine TFSA versus non-registered.... More »
canadian savings bond

Canada Goose, Lightspeed report earnings + MORE May 16th

Two Canadian companies report their fourth-quarter earnings this week, along with some other news. Canada Goose reports $5M Q4 profit, YOY revenue up 22% Canada Goose Holdings Inc. (TSX:GOOS) reported a profit in its fourth quarter compared with a loss a year earlier as its revenue rose 22%. T.... More »

The best high-interest savings accounts in Canada for 2024 Nov 11th

Savings comparison tool Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
Vaughan’s CannTrust is set to go public, prompting concerns about the laws of listing cannabis companies with exposure to the U.S., where marijuana is still illegal

Continue Reading On theglobeandmail.com »

U.S. companies’ greater adherence to Generally Accepted Accounting Principles on their bottom lines may be a boon for stock prices

Continue Reading On theglobeandmail.com »

Building a TFSA doesn’t have to be complicated

Rick
AGE: 31
PLACE: Toronto
TFSA TOTAL: $23,000
STRATEGY: A couch potato portfolio (minus the fixed income allocation)

Me and my TFSA
Rick is a 31-year-old police officer in Toronto. He has spent the last two years getting his financial house in order by paying off $50,000 in debt (mostly student debt and a car loan). “I’m just left with a mortgage payment now,” says Rick. “So I have some money to contribute to a TFSA. I’m up to $23,000 which is great.”
In fact, Rick only contributed to his TFSA for the first time 18 months ago. “I have a pension at work so RRSPs don’t make sense for me,” says Rick. And for now, he’s making contributions ad hoc throughout the year whenever he has the money. “My wife and I just had a baby so that means RESP contributions will be starting soon,” says Rick, although his TFSA will still be a priority.
More of  Me and my TFSA »
Rick’s TFSA portfolio is aggressive with 100% of his money in equity index funds from TD. His allocation is fixed at 40% U…

Continue Reading On moneysense.ca »

Optimism tempered by housing concerns and strengthened loonie

Continue Reading On theglobeandmail.com »

Stay tuned for more Investment wisdom brought to you by banks.ca!

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!