MoneySense at the MoneyShow: The Top ETFs in Canada for 2024 and the Market Trends to Follow + MORE Jul 23rd

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

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JPMorgan, Lululemon and more: The week in earnings Jan 17th

Company earnings for the week of Jan 14, 2025 JPMorgan Lululemon Cogeco UnitedHealth JPMorgan posts record annual profits as major U.S. banks thrive in the final quarter of 2024 JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit.... More »

The best GIC rates in Canada for 2024 Nov 25th

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigat.... More »

Your home sold—now what? + MORE Apr 1st

If you’ve sold your home or are planning to soon, you may have a large amount of cash that needs a temporary parking spot while you prepare for your next move. A regular savings account pays very little interest—so unless you need the money right away, it makes sense to seek higher returns. S.... More »

How to buy bitcoin in Canada (and find out where, too) Sep 25th

Canadian investors interested in buying bitcoin and other cryptocurrencies have two main options: crypto ETFs and buying crypto directly. Let’s look at both options. Buying bitcoin through an ETF An ETF (exchange-traded fund) is a “basket” of securities (groupings of individual stocks, o.... More »

How do the RRSP contribution carry-forward rules work? + MORE Aug 1st

Ask MoneySense If I have $25,000 contribution room left in my RRSP, can I take that all at once plus my regular RRSP contribution of $31,560 for the tax year 2024? Effectively making a contribution of $56,560 to my RRSP?—Lorraine The rules around RRSP contribution room As soon as a ta.... More »

Using whole life insurance for tax-free income in retirement

– moneysense.ca

Ask MoneySense
I am retired from my company, where I am the sole owner. Thirty years ago, the company bought a whole life insurance policy with the expectation of an annual tax-free dividend. However, it appears to be very difficult to now obtain such supplementary income because most financial institutions will not offer loans against a life insurance policy. When I ask the agent about this, he is not helpful and discourages any talk about cashing out the policy. I have not spoken to him in years, but he is probably the primary person currently benefiting from this life insurance policy. The current cash value is around $100,000 and a death benefit of $136,200. (I cashed out a portion of it a few years ago and paid a significant amount of tax.)

I don’t want to leave this insurance to my benefactors and would rather cash out (taxable) or gain some annual income from the policy. The whole life is not as it was originally sold, which at the time offered supplementary retirement income…

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MoneySense at the MoneyShow: The Top ETFs in Canada for 2024 and the Market Trends to Follow

– moneysense.ca

MoneySense is at the MoneyShow. Get your complimentary ticket to join MoneySense for the session “The Top ETFs in Canada for 2024 and the Market Trends.”

To help find promising opportunities, while avoiding more troublesome risks, joining MoneySense and 70 plus other world-class investment experts at MoneyShow Toronto!

On September 13 and 14, attend live presentations, where you can chat directly with the experts and fellow Canadian investors and traders from around the world. Plus, you can visit interactive tradeshow booths, featuring books, timely research, educational videos, exclusive discounts, prize draws and more.

Reserve your FREE spot for the MoneyShow now
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The Top ETFs in Canada for 2024 and the Market Trends to Follow

With more and more ETFs listed on Canadian exchanges, DIY investors have an overabundance of choice. It can be hard for investors to know which ETFs to put into their portfolios—should you stick with index-based ETFs or explore thematic and sector ETFs, for example? MoneySense breaks through the clutter with our annual ETF All-Stars Report—now in its 12th year…

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