Buying your first stocks in Canada Jun 21st

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What kids and teens will learn from Ontario’s expanded financial literacy education Jul 23rd

This month, the Ontario government announced new financial literacy programming for elementary schools, to be available to teachers beginning this fall. That arrives on the heels of the education ministry’s initial announcement in May that changes are coming to provincial high-school curriculums, .... More »

Jackson Hole: Markets Ready For Hawkish Powell (Live) - Investor's Business Daily Aug 22nd

Jackson Hole: Markets Ready For Hawkish Powell (Live) Investor's Business DailyPowell, citing jobs risk, opens door to cuts but doesn't commit ReutersPowell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House AP NewsNorth Ameri.... More »

What is the price of gold in Canada? And more about gold investing Apr 10th

Amidst the gyrations of mega-cap technology stocks and cryptocurrencies over the past year, a stodgy old standby has notched a number of new highs. Gold almost hit USD$3,200 per ounce in early April. It is up 27% over the last 12 months in U.S. dollars and more in Canadian dollars. That, together.... More »

Gardiner Expressway repairs 'months ahead of schedule' as crews begin next stage of project Apr 26th

The province says its $73 million investment last July has helped speed up repairs on the roadway..... More »

The Wealthy Barber says Canadians face more opportunities—for profit and peril Dec 9th

David Chilton was down on his luck. In 1988, the aspiring author decided to cash in his RRSP and self-publish a book about a savvy barber who dispenses financial advice—like not to cash in your RRSP—to curious, wisecracking customers. “The one time I was struggling—badly—in finance was whe.... More »

Buying your first stocks in Canada

– moneysense.ca

Where 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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