Making Sense of the Markets this week: June 26 + MORE Jun 24th

All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News

What happens when a buyer backs out of a real estate deal? Aug 31st

When it comes to backing out of a real estate deal, the law doesn’t tend to side with the dealbreaker, says Ron Butler, a veteran mortgage broker and one of the founders of Butler Mortgage in Toronto. If you’re the buyer, “You should find a way to complete the sale—beg, borrow, do whatever y.... More »

7 common crypto scams and how to avoid them Aug 10th

Cryptocurrency investing offers new and exciting opportunities, but it’s also rife with scams and tech-savvy con artists. And, as the money invested in crypto grows, so do the scams. “Crypto investments are the top type of investment scams reported to CAFC (the Canadian Anti-Fraud Centre).”.... More »

Should RRIF withdrawals be based on the younger spouse’s age? Nov 8th

I am wondering about the minimum RRIF withdrawal calculation. We are wondering if it would be beneficial to use the younger spouse’s age to result in a lower annual combined income. Can you explain the reasoning behind this?—Bernie When can you convert an RRSP to a RRIF? Registered retirem.... More »

Life insurance for kids: Do you really need it? + MORE Jul 20th

Buying life insurance for kids is probably the last thing on your mind when you’re in the throes of diaper changes and round-the-clock feedings. But the early stages of parenthood don’t last forever—and it’s never too early to start planning for your little one’s (or ones’) future. W.... More »

Questrade vs Wealthsimple 2023 Update: Breaking Down the Differences for Canadian Investor + MORE Jan 11th

Investing can be overwhelming and confusing, with a plethora of options and platforms to choose from. Two of the most popular online investment platforms in Canada are Questrade and Wealthsimple. Each platform offers its own unique features, benefits and drawbacks, and choosing between the two ca.... More »
Among your different life insurance options, a universal life insurance policy is one of the most complex. It requires more involvement than both term and whole life insurance policies—so you can’t simply set it and forget it. And you have decisions to make regarding how much you pay, and how those premiums are used. You might be thinking: Life is short enough already, so why spend precious time managing a life insurance policy? Why not stick to a more straightforward solution, like term life insurance? 

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When the main objective is taking care of your loved ones after you’re gone, it pays to spend time figuring out how to care for them. That’s why you should familiarize yourself with the full slate of possibilities. For those looking for flexible premiums and the opportunity to accumulate wealth on a tax-deferred basis, universal life insurance can be a smart option…

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A registered retirement savings plan (RRSP) is an investment that is registered with the Canadian federal government. RRSPs are often described as being “tax-advantaged.” That means you don’t pay income tax on the amount you are contributing to an RRSP, in the year you earn that contribution. However, you will have to pay income tax when you withdraw money during your retirement. The advantage is built on the assumption that your income is higher now than it will be in retirement. If you plan things right, you will be in a lower tax bracket in retirement, meaning that you pay less tax on your withdrawals than you saved initially by stashing your money inside an RRSP. 

You can open an RRSP and contribute income up until the year you turn 71, at which point it has to become a registered retirement income fund (RRIF) and you must begin to withdraw the money as taxable income. Read on to learn about the best RRSP accounts in Canada.

The best RRSP accounts in Canada for 2022

Best RRSP savings account: EQ Bank RSP Savings Account* (1…

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It was the week of April 3, 2022, when I signed off from writing the “Making sense of the markets” column. It is wonderful to be back filling in for Kyle Prevost (he’s on vacation), who took over the column. Kyle’s insights and writing give the column a nice jolt. I am so glad to see it in good hands. 

Check out that April 3 column. I covered some of the major investment themes and ideas I put on the table. Many investment opportunities were identified, and they played out in our favour. 

So, what the heck has been going on these days? Not much. Or let’s say that not much has been working on the investment front as of late. Stock markets, bonds, commodities, gold, bitcoin, and even oil and gas stocks have been falling over the last few weeks. 

It’s all about inflation. 

In this column I’ve long identified inflation as a nasty beast—and a threat. Inflation has been ramping up around the world. Very few investors are familiar with inflation. You’d have to be on the far side of 70 to have experienced the stagflation of the ’70s and early ’80s…

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