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Video: How the Bank of Canada’s interest rate affects you Apr 12th
Think of the Bank of Canada (BoC) as the “influencer of all influencers” when it comes to interest rates. Banks and other financial institutions follow its lead. Learn more about how the BoC’s overnight interest rate impacts you in this short video, featuring MoneySense executive editor Lisa H.... More »
Stocks dive on surging inflation, Ukraine risks; China markets sell-off - Reuters.com + MORE Mar 11th
Stocks dive on surging inflation, Ukraine risks; China markets sell-off Reuters.comAsian shares rally as Russia-Ukraine talks buoy sentiment The Globe and MailHong Kong tumbles more than 3%, leading losses in Asia as Chinese tech stocks drop CNBCAsian markets join gl.... More »
DC plans once you retire: What do you do with them? + MORE Jun 26th
Two questions, two experts share their answers on what to do with a defined contribution (DC) pension plan when Canadians retire.
What to do with a DC plan when you’re about to retire
Ask MoneySense
My husband has an DC RPP through an insurance company and will retire within the next year. .... More »
Before the Bell: U.S. futures muted, Canadian investors weigh earnings - The Globe and Mail Nov 9th
Before the Bell: U.S. futures muted, Canadian investors weigh earnings The Globe and MailTSX Today: What to Watch for in Stocks on Thursday, November 9 The Motley Fool CanadaUpbeat earnings, energy shares drive TSX higher ReutersThe close: TSX extends pullback as res.... More »
Best in show: How to find and invest in market leaders Apr 5th
Canadians approach retirement planning in many different ways, but there’s one thing we can all benefit from: a strategy to save enough to retire comfortably and even generate income after we stop working.
But many of us don’t feel financially ready to stop working. According to a 2022 survey.... More »
Money Matters: What advice would you give someone who wants to start building wealth?
– moneysense.ca
In our 12-part video series, Money Matters, we interviewed the top voices in Canadian personal finance about money issues that affect all Canadians. For our seventh video of the series, we asked: What advice would you give someone who wants to start building wealth? Listen to what some of our partners have to say.
Watch: Money Matters Question 07—What advice would you give someone who wants to start building wealth?
Follow us on YouTube to catch all 12 videos in this series. We’d love to hear your feedback in the comments.
The post Money Matters: What advice would you give someone who wants to start building wealth? appeared first on MoneySense.
Asset location: Everything in its place
– moneysense.ca
If you’ve ever put together an investment plan, you’re familiar with asset allocation. That’s the mix of stocks, bonds, real estate and other investments driving the expected risk and return of your portfolio. But you may have given less thought to asset location, or how those assets are distributed among your registered and non-registered investment accounts. As any home buyer will tell you, though, location means a lot.
Here’s why. Investment returns—bond interest, Canadian and foreign stock dividends, capital gains—are taxed in different ways, says personal financial planner Chris Markou of Alithea Financial Wellness in Hamilton. And each of your accounts—such as RRSPs, TFSAs and taxable accounts—is governed by different tax rules. Savvy investors know if they hold assets in the wrong account type they’ll pay much more tax than necessary.
How much more? That depends on your portfolio size and tax rates, but smart asset location decisions can easily save you tens of thousands of dollars over an investing lifetime—and that number could easily top $100,000 for wealthier investors…
Here’s why. Investment returns—bond interest, Canadian and foreign stock dividends, capital gains—are taxed in different ways, says personal financial planner Chris Markou of Alithea Financial Wellness in Hamilton. And each of your accounts—such as RRSPs, TFSAs and taxable accounts—is governed by different tax rules. Savvy investors know if they hold assets in the wrong account type they’ll pay much more tax than necessary.
How much more? That depends on your portfolio size and tax rates, but smart asset location decisions can easily save you tens of thousands of dollars over an investing lifetime—and that number could easily top $100,000 for wealthier investors…
