Buying your first stocks in Canada Jun 21st

TSX getting you down? There are always sound investment alternatives.
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Investing The best GIC rates in Canada Find the best GIC rates in Canada. Plus, everything you need to know about how they work. Compare now Why trust us MoneySense is an award-winning magazine,.... More »
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The best GIC rates in Canada for 2024 + MORE Jun 28th

Investing The best GIC rates in Canada Find the best GIC rates in Canada. Plus, everything you need to know about how they work. Compare highest rates Why trust us MoneySense is an award-winning.... More »
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Maple Leaf to spin off a publicly traded company Jul 10th

This little piggy is going to market. Maple Leaf Foods (MFI/TSX) is spinning off its pork business into a new publicly traded company, the firm announced Tuesday. It’s something that’s been in the works for a little while, but the time is now right, said chief executive Curtis Frank in an.... More »

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Buying your first stocks in CanadaWhere should you start if you’re a newcomer to Canada who wants to invest? This article provides an overview of the Canadian investing landscape, from investment types and financial markets to investment advisors, online brokers and robo-advisors.

Types of investing accounts

In Canada, there are two types of investment accounts: registered and non-registered. Registered accounts are filed with the Canada Revenue Agency (CRA), the governmental body responsible for overseeing the country’s tax regulations. Investments made within registered accounts benefit from several tax incentives, including tax-free or tax-deferred growth of investments, depending on the type of account. Additionally, certain contributions to registered accounts qualify for tax deductions. More on that below.

Because of these tax benefits, you have limits on the amount of money you can contribute to each type of registered account. In contrast, non-registered accounts are basic investment accounts without any tax benefits…

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