How Green Card holders can get the most out of TFSAs and RRSPs + MORE Jan 7th

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Alberta and Quebec lead the country in CMHC-insured mortgage deferrals - CBC.ca + MORE May 21st

Alberta and Quebec lead the country in CMHC-insured mortgage deferrals  CBC.caThe Canadian government kneecapping its own housing market is unprecedented  ForexLiveReal estate resilient during COVID-19 but CMHC warns about debt’s effect  Yahoo Canada FinanceCanadian R.... More »
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Compare the best GIC rates in Canada 2022 Jan 5th

How to use this tool: Simply scan the table below to view GIC interest rates offered by financial institutions across Canada. Click on one of the tabs at the top of the table to focus on your choice of non-registered, registered, TFSA-eligible or U.S. GICs. Or, follow the prompts in the six fields a.... More »

Some mortgage rates are dropping, but renewed loans could keep economy slow - CBC News Dec 26th

Some mortgage rates are dropping, but renewed loans could keep economy slow  CBC NewsFixed mortgages see biggest interesrate drop since spring  Toronto StarBig banks and lenders slash mortgage rates in time for the holidays - Mortgage Rates & Mortgage Broker News in Canada&nb.... More »

China pledges to expand financial market opening as U.S. trade delegation arrives Mar 28th

China will sharply expand market access for foreign banks and securities and insurance companies, especially in its financial services sector, Premier Li Keqiang says, as senior U.S. officials arrived in Beijing for more trade talks..... More »

Podcast 25: Dr. Steve Wendel on Investor Success Jul 9th

The latest episode of the Canadian Couch Potato podcast features an interview with Dr. Stephen Wendel, Head of Behavioural Science at Morningstar. Wendel heads up a research initiative called the Investor Success Project, which focuses on the human factors that dominate personal finance. So much dis.... More »
Britain’s Open Banking Standard comes into force on Saturday, imposing sweeping changes to how banks operate and offering new opportunities for non-bank competitors

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How Green Card holders can get the most out of TFSAs and RRSPsGetty Images/Chris Cheadle
Q. I am a  Green Card holder as well as a Canadian resident, and have two questions: No.1. Which are the best securities to invest inside my TFSA to be “friendly” from an Internal Revenue Service and Federal Treasury Board (IRS/FTB) tax point of view? And No. 2. Which are the best securities to invest in an RRSP—again, to be “friendly” from an IRS/FTB tax point of view? Thank you, Mirjana G.
Hi Mirjana. Regarding your RRSP account, you can own any investment you like inside of an RRSP without any issue while you live in Canada. You may even want to hold any dividend-paying U.S .stocks inside your RRSP instead of a non-registered account.
Generally, dividends paid by U.S. companies to Canadians are subject to a tax treaty withholding rate of 15%. The tax treaty waives the withholding on U.S. stocks owned inside of RRSP accounts and is not subject to the passive foreign investment rules (PFICs).
TFSA accounts do not receive any special treatment by the Internal Revenue Service (IRS)…

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Three MoneySense stock picking strategies for 2018Here are two of the three portfolio strategies updated for 2018 by Norm Rothery. All that’s missing is the potato. Source: Shutterstock
To ring in the New Year I’ve updated three of my popular MoneySense investment strategies.  Lift the winter chill with a hearty serving of the Hot Potato and a review of the best performing asset classes of 2017.  Conservative stock pickers can then cozy up with the latest pack of Safer Dogs while the more adventurous might enjoy the Climbing CATS.
But, before you dig in, I’d like to wish you, your family, and friends a happy, healthy, and prosperous New Year!
The January Hot Potato
Each month the global hot potato looks back over the last 12 months and picks the asset class that has performed the best.  The four classes it considers are Canadian bonds, Canadian stocks, U.S. stocks and International stocks.
In 2017 the best performing asset class of the four was international stocks with the EAFE index returning 17.4%.  U.S. stocks came in second with the S&P 500 gaining 13…

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Here’s what a near-perfect TFSA portfolio for stock pickers looks like

Herman VanGenderen
AGE: 60
PLACE: Calgary
TFSA TOTAL: $104,565
STRATEGY: Mostly Canadian And U.K. dividend and value stocks held for the long term

Herman VanGenderen, 60, is an agriculturalist who runs a seed business in Calgary, Alta. He has been investing diligently in his TFSA since 2009 and he likes TFSAs for several reasons. For instance, he likes that you can start with small amounts and that small differences compounded over time can make a big difference and when he finds good value stocks that meet his criteria, he buys. “My favourite holding period is forever,” says Herman. “A forever holding period reduces my workload managing the account. And of course, starting to invest early in life, in general, is important, but starting is of utmost importance, and I’ve tried to teach my two 20-something sons that lesson over the years.”
Herman’s TFSA now stands at $104,565 and his criteria for choosing his TFSA investments over the years (like his RRSP and non-registered accounts) is fairly simple…

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How to bridge from early retirement to taking a pensionDrawing down savings the smart way involves keeping the right assets in the right accounts and having a plan to manage income streams.
Q. I’d like some advice about what is the best way to keep your portfolio at your target allocation when you start to withdraw money when you retire.
My situation is as follows:
I’m a 54-year-old single woman, no kids, retiring next summer and I am debt-free.
I have a small defined benefit pension plan (Quebec government). I could receive money (16% of my annual income) at age 55 but decided to wait until age 60 to avoid the first-five-years penalty (4%/year if the pension is taken before age 60). That way I’ll get $17,000 a year from that pension plan.
I can live on my nest egg for these five years.
My assets are as follows;
House: $150,000
RRSP: $300,000
Non-registered investments: $177,000
TFSA: $61,000
My asset allocation is based on the Couch Potato portfolio and is comprised of:
70% fixed income (25% in exchange-traded fund ZAG…

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