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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Before you RSVP, do the destination wedding math + MORE Jul 2nd
As destination weddings rise in popularity, guests face a financial dilemma: how to celebrate loved ones without derailing their own financial futures. When the wedding invitation arrives with a picture of a tropical beach or a European castle, it carries an unspoken price tag that can often reach $.... More »
Has Vision Capital spotted the next REIT takeover? + MORE Feb 2nd
Why real estate fund Vision Capital, which has a track record for picking takeover candidates, invested in apartment owner Pure Multi-Family REIT
.... More »
How to Improve Your Employees’ Financial Wellness Apr 3rd
In today’s challenging economy, Canadians seek ways to stretch their hard-earned dollars and minimize financial strain. But learning how to make the most of every paycheque isn’t always clear or easy, which can cause added stress. Employers can help empower their employees to achieve financial w.... More »
Alberta Child and Family Benefit payment dates in 2025 Apr 15th
The Alberta Child and Family Benefit (ACFB) is a program administered by the Canada Revenue Agency (CRA) on behalf of the government of Alberta. The ACFB was introduced to assist lower-income and middle-income families with children under 18. Eligible families can receive direct financial assistance.... More »
The best GIC rates in Canada for 2024 + MORE Jun 3rd
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Strategies to make taxable investing easier
– moneysense.ca
In Episode 4 of the Canadian Couch Potato podcast, I answered the following question from a listener named Jakob:
I’m currently investing with all my ETFs in RRSP and TFSA accounts. This year, however, I’ll finish paying off my mortgage, so I will have more surplus cash and will have to start using taxable accounts. I have been reading your blog posts about adjusted cost base, and they’re helpful, but it still sounds like a pain to track and calculate. I’d consider paying some extra fees for help with this. What options do I have?
Investing in a non-registered account involves a lot more hands-on work than RRSPs and TFSAs. While there’s no such thing as a maintenance-free taxable portfolio, you can certainly make your life easier with a few simple strategies:
1. Consider alternatives to ETFs.
Make no mistake: ETFs are generally tax-efficient and they can be a great choice in non-registered accounts. But if you’re a novice index investor, consider other good products that require a lot less recordkeeping…
I’m currently investing with all my ETFs in RRSP and TFSA accounts. This year, however, I’ll finish paying off my mortgage, so I will have more surplus cash and will have to start using taxable accounts. I have been reading your blog posts about adjusted cost base, and they’re helpful, but it still sounds like a pain to track and calculate. I’d consider paying some extra fees for help with this. What options do I have?
Investing in a non-registered account involves a lot more hands-on work than RRSPs and TFSAs. While there’s no such thing as a maintenance-free taxable portfolio, you can certainly make your life easier with a few simple strategies:
1. Consider alternatives to ETFs.
Make no mistake: ETFs are generally tax-efficient and they can be a great choice in non-registered accounts. But if you’re a novice index investor, consider other good products that require a lot less recordkeeping…
You can now buy and sell ‘WEED’ on the TSX
– theglobeandmail.com
Canopy Growth Corp. makes a change
U.S. fines Mastercard, UniRush $13-million for prepaid card breakdowns
– theglobeandmail.com
The U.S. Consumer Financial Protection Bureau fined MasterCard and UniRush for failures in October 2015 that prevented people from accessing paycheques and other deposits on their prepaid debt cards
OTTAWA – He’s a household name in Canada and the U.S., and Kevin O’Leary intends to use audiences in both to convince Canadians he’s the right man to lead this country.
Millions of Americans watch his reality TV show “Shark Tank” each week, making him a household name in a country that’s overhauling all of its international relationships, O’Leary said in a wide-ranging interview with The Canadian Press.
Case in point: on Tuesday, O’Leary met Conservative MPs, and later glad-handed with party members whose support he needs to become leader; this morning, he was planning to be on the floor of the New York Stock Exchange for the opening bell.
He said he would be talking up the Canadian economy and trade in a way the current Liberal government under Prime Minister Justin Trudeau has failed to do in the weeks since U.S. President Donald Trump was elected.
“This is an opportunity for me to do something I don’t believe any Canadians had an opportunity to do,” O’Leary said…
Joe Mimran’s best financial advice
– moneysense.ca
(Illustration by Ben Kirchner)My first paycheque was a tip I received delivering groceries when I was 11 years old. I immediately bought a Coffee Crisp bar with it. Nowadays, I love to indulge in a great wine and I enjoy collecting it, too. I get great pleasure out of opening up a really beautiful vintage like a 1982 Château Margaux and a 1982 Haut-Brion, for instance. I like to wait for a special occasion.
It’s not a priority for me to have, say, a Porsche or a Ferrari, though. For the most part, cars are like refrigerators for me—practical. But I did love my very first one. My brother and I saved up our money and we bought a Karmann Ghia for $700 back in 1969. It had no heat, but man, that was really something having our own car. Believe it or not, it was orange.
My wife Kim [that’s Kim Newport-Mimran, the Pink Tartan designer] and I have no similarities when it comes to money. She’ll spend it. I’m way more careful and thoughtful about where money is coming from and how it’s earned…
