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.
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What do to with a spousal RRSP at age 71 + MORE Jun 15th
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My question is in regards to a spousal RRSP that I have set up for my wife years ago. When she turns 71, do we have to turn it into something like a RRIF, which I did for my RRSP (I am older than her) and then withdraw from it annually? Or, could it be directly transferred to her TFSA.... More »
Reddit, birthplace of the meme stock, is going public. Here's what to expect - CBC News + MORE Mar 14th
Reddit, birthplace of the meme stock, is going public. Here's what to expect CBC NewsIPO Edge's Jannarone: Eyes on Reddit as 2024 Tech IPO Bellwether – Schwab TV Yahoo FinanceCan Reddit Survive Its Own IPO? WIREDHere's how Reddit plans to price shares when it goes .... More »
Hong Kong stocks have worst day in three months on worries about rates and real estate - CNN Oct 3rd
Hong Kong stocks have worst day in three months on worries about rates and real estate CNNStock market today: Asian markets sink, with Hong Kong down 3% on heavy selling of property stocks Yahoo News CanadaChinese Stocks in Hong Kong Slump, Leading Asia Equities Selloff &n.... More »
What expenses can you deduct when renovating a rental property? Jun 13th
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I am trying to understand if I am eligible to claim renovation expenses including property taxes, insurance, rental loss, etc. on an investment property I bought and completed renovations on.
I purchased a duplex that was rented and then vacated when final purchase went through. Th.... More »
Multigenerational Home Renovation Tax Credit: What is it and do you qualify? + MORE Sep 8th
Thinking about asking a senior-age parent to move in with you? If this involves renovating your home to create a secondary unit for them, you may qualify for a new federal tax credit: the Multigenerational Home Renovation Tax Credit (MHRTC).
Multigenerational households—those composed of three .... More »
Experts say it’s always best to file a tax return to build up RRSP contribution room and set up eligibility for certain credits and benefits.