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How it works: Capital gains tax on the sale of a property Apr 20th
Capital gains. Even the mention of these two words together can immediately conjure myths about owing the government 50% of the money earned from selling a home. But, like most rumours, it’s only half true—for now. You may have also heard that Budget 2024, the Canadian federal government introdu.... More »
The best balance transfer credit cards in Canada for 2024 + MORE Mar 1st
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The best balance transfer credit cards in Canada for 2024
Moving your credit card debt to a balance transfer card can help you pay off the debt more quickly by paying little or no interest.
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Check your inbox: Investing newsletters can cost you more than a sub fee + MORE Sep 26th
Like most retired or semi-retired investors—even those with traditional 60/40 balanced portfolios—I found 2022 a challenging year. While our family’s investment portfolio is super diversified by asset class and geography, we had our share of losers, most of them SPACs (special purpose acquisit.... More »
Buying ETFs in Canada Tool: The MoneySense ETF Screener + MORE Oct 6th
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Stock market news live updates: Stocks fall as earnings roll in, yields charge ahead - Yahoo Canada Finance Oct 20th
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Investing in GICs? Here’s why to buy them from an online bank
– moneysense.ca
In today’s harsh investing climate, it’s nearly impossible to avoid volatility. What’s been particularly painful about the instability of this past year is the range of different asset classes hit. Whether you’ve been investing in stocks, gold or cryptocurrencies, your portfolio has likely seen some steep ups and downs. For example, the S&P/TSX Composite Index has already endured two 10% pullbacks in 2022, and Bitcoin has dropped more than 50% since the start of the year.
With plenty of question marks still surrounding the economy for the foreseeable future, many investors with short time horizons are now understandably searching for safer investment options. For anyone looking for a dependable—but also competitive—return on investment, guaranteed investment certificates (GICs) from a digital bank could be the answer.
What is a GIC?
When you buy a GIC, you lend an agreed-upon amount of money to a financial institution for a set period—anything from one month to 10 years…
