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OAS payment dates in 2025, and more to know about Old Age Security + MORE Jul 28th
If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS wo.... More »
The best GIC rates in Canada for 2025 + MORE Dec 8th
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 navigate m.... More »
TFSA contribution room calculator Dec 11th
Tax-free savings accounts (TFSAs) are one of the most popular tools for retirement savings. Since you contribute funds that you’ve already paid taxes on, you’ll enjoy tax-free growth. However, the government places limitations on how much you can contribute every year and overall. This is known .... More »
Former PM Mulroney back on Parliament Hill in role as NAFTA broker + MORE Apr 6th
Brian Mulroney was back on Parliament Hill today _ and he’s not mincing words about the challenges Canada faces in renegotiating the North American Free Trade Agreement.
The former prime minister, a personal friend of Donald Trump and for many the grandfather of free trade in North America, ha.... More »
Making sense of the markets this week: February 6 Feb 4th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The first modern-day pandemic—two years later
To my knowledge, I was the first financial writer in Canada to cover the pandemic or suggest it as a concern. It’.... More »
Tax treatment of Canadian dividend paying stocks
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
I got this email in my inbox recently:
You write about Dividend Reinvestment Plans (DRIPs) often. I wonder if you would discuss the beneficial tax treatment of dividends and DRIPs. I’m not sure everyone understands the tax issues or implications.
Thanks for your comments and questions. Let’s get to my answers.
Regarding my dividend investing strategy
You might already know by now, I’m a hybrid investor. I own many Canadian dividend paying stocks for cash flow/income and I own a few ETFs for long-term growth. Most of the index investing I do is inside my RRSP account with U.S.-listed ETFs.
Back to the stocks…my portfolio consists of close to 40 Canadian companies. I figure that’s enough. Just like the holdings of many popular Canadian ETFs, I own a mixture of the following (and likely will for the foreseeable future for passive income):
I got this email in my inbox recently:
You write about Dividend Reinvestment Plans (DRIPs) often. I wonder if you would discuss the beneficial tax treatment of dividends and DRIPs. I’m not sure everyone understands the tax issues or implications.
Thanks for your comments and questions. Let’s get to my answers.
Regarding my dividend investing strategy
You might already know by now, I’m a hybrid investor. I own many Canadian dividend paying stocks for cash flow/income and I own a few ETFs for long-term growth. Most of the index investing I do is inside my RRSP account with U.S.-listed ETFs.
Back to the stocks…my portfolio consists of close to 40 Canadian companies. I figure that’s enough. Just like the holdings of many popular Canadian ETFs, I own a mixture of the following (and likely will for the foreseeable future for passive income):
5-7 Canadian banks
3 life insurance companies
A few pipeline companies
3-4 telecommunications companies
4-5 utility companies
1-2 industrial companies
3-5 energy companies
6-10 Real Estate Investment Trusts (REITs)…
Japan revised data show GDP grew 0.7 pct in April-June
– canadianbusiness.com
TOKYO – Japan’s economy expanded at a better-than-estimated 0.7 per cent annualized pace in April-June, according to revised data showing private demand was stronger than earlier reported.
An earlier estimate released last month put annualized growth in the April-June quarter at 0.2 per cent. The economy grew at a 2.1 per cent annualized pace in January-March.
The latest data showed business investment fell by a smaller margin than reported in August, while consumer spending was higher. But both remain much slower than hoped for given the government’s targets for growth.
Prime Minister Shinzo Abe has proposed an extra set of stimulus measures to help prop up the economic recovery and spur more consumer and corporate spending, which are seen as crucial for sustaining growth.
The Bank of Japan is also reviewing its own lavish monetary stimulus policies and is expected to step up its efforts to combat deflation, possibly later this month.
Japan’s benchmark Nikkei 225 index fell 0…
An earlier estimate released last month put annualized growth in the April-June quarter at 0.2 per cent. The economy grew at a 2.1 per cent annualized pace in January-March.
The latest data showed business investment fell by a smaller margin than reported in August, while consumer spending was higher. But both remain much slower than hoped for given the government’s targets for growth.
Prime Minister Shinzo Abe has proposed an extra set of stimulus measures to help prop up the economic recovery and spur more consumer and corporate spending, which are seen as crucial for sustaining growth.
The Bank of Japan is also reviewing its own lavish monetary stimulus policies and is expected to step up its efforts to combat deflation, possibly later this month.
Japan’s benchmark Nikkei 225 index fell 0…
European Central Bank weighs stimulus as inflation lags
– canadianbusiness.com
FRANKFURT – The European Central Bank is weighing whether to increase its efforts to boost stubbornly low inflation in the 19-country eurozone at Thursday’s meeting of its governing council.
The 25-member council led by President Mario Draghi could decide to extend its current bond-buying stimulus program, which is pumping newly printed money into the financial system.
Some analysts, however, think the bank is more likely to postpone action to its October or December meetings, or not act at all.
Draghi and the ECB are faced with inflation of only 0.2 per cent annually, far below the bank’s target of just under 2 per cent. Chronically low inflation suggests the economy is not hitting on all cylinders, even though the currency union is enjoying a moderate economic upswing. Low inflation also makes it harder for heavily indebted eurozone states such as Greece to become more price competitive relative to other economies.
New inflation projections compiled by ECB staff may give some hint about the bank’s future actions…
The 25-member council led by President Mario Draghi could decide to extend its current bond-buying stimulus program, which is pumping newly printed money into the financial system.
Some analysts, however, think the bank is more likely to postpone action to its October or December meetings, or not act at all.
Draghi and the ECB are faced with inflation of only 0.2 per cent annually, far below the bank’s target of just under 2 per cent. Chronically low inflation suggests the economy is not hitting on all cylinders, even though the currency union is enjoying a moderate economic upswing. Low inflation also makes it harder for heavily indebted eurozone states such as Greece to become more price competitive relative to other economies.
New inflation projections compiled by ECB staff may give some hint about the bank’s future actions…
Oil extends gains after big U.S. crude stock draw
– theglobeandmail.com
U.S. industry data showed a large drawdown in crude stocks, reflecting the temporary impact of an Atlantic storm
