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The MoneySense Find a Qualified Advisor Tool + MORE Nov 6th
Welcome to the MoneySense Find a Qualified Advisor tool. We’ve partnered with the Financial Planning Association of Canada (FPAC) to create a directory of credentialled advisors providing financial planning and investing services across Canada. All of the advisors in our Find a Qualified Advisor t.... More »
Manitoba government to hand out cheques to help with rising food, fuel costs - CBC.ca + MORE Jan 26th
Manitoba government to hand out cheques to help with rising food, fuel costs CBC.caManitoba premier announces second round of inflation cheques Global NewsManitoba premier to announce new round of cheques to combat rising cost of living CBC.caSecond round of Manitoba.... More »
Young Canadians sue CPP Investments over climate risks + MORE Oct 30th
Canada’s largest pension fund is being sued by four young Canadians who claim that CPP Investments is failing to properly manage climate-related financial risk.
The four allege in a lawsuit filed in the Ontario Superior Court of Justice on Monday that the investment manager for the Canada .... More »
When investing, think like a landlord + MORE Feb 3rd
Markets never move in a straight line, yet if you look at a long-term chart of the S&P 500 you might argue otherwise.
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TSX down, loonie up in wake of interest rate hike Oct 24th
North American markets fell hard as Canada's main stock index again posted its worst day in more than three years. The Canadian dollar was up in the wake of the Bank of Canada's decision to raise its key interest rate by a quarter of a percentage point..... More »
How mutual fund fees work
– moneysense.ca
(Excerpted from The Professional Financial Advisor IV by John De Goey)
Over the past several years, I’ve spoken to representatives at a number of advisory firms about their philosophies so I could get a sense of their values and corporate culture. My sense is that compensation models can go a long way in explaining (or at least predicting) belief systems. Companies will say their advisors can work using either transactional or buy-and-hold philosophies. Either way, there’s room. They say you can be a comprehensive planner or a simple investment specialist. Either way, there’s room for that too. The advisors can be commission-based or fee-based. Either way, they would be welcomed.
We should explore and discuss differences of opinion rationally. Over the past few generations, we’ve seen a few hotly contested societal debates on civil rights issues such as same-sex marriage, universal suffrage, and racial integration. There have also been heated debates regarding science and technology…
A crude awakening: Crescent Point’s moves are paying off, but market slow to rouse
– theglobeandmail.com
Crescent Point shares have dropped to near all-time lows, even after reporting fourth-quarter earnings that largely beat expectations
It's hard to get investors to scrutinize account fees: Will market volatility wake them up?
– cbc.ca
A return to volatility on global stock markets in early February may be the catalyst needed to warn investors about the impact of fees on returns — a feat that regulators haven’t accomplished so far.
Can I reclaim the withholding tax on my U.S. stocks?
– moneysense.ca
Q. I own U.S. stocks and Canadian stocks in my RRSP and RESP accounts for my kids. I do all the investing myself. I get annual performance statements from the bank that holds my RRSP online account and it shows about $200 in withholding tax. What is this? How can I claim it when I file taxes, and how can I get it back? I heard there was a form called W8 that can help. Is this accurate?
Thanks, Malay
Hi Malay. RRSPs are exempt from U.S. withholding taxes but RESPs and TFSAs are not. This is because the U.S. does not recognize them as tax-deferred registered accounts. Therefore, foreign taxes paid withheld in an RESP or TFSA cannot be recovered.
If these withholdings were in non-registered accounts, you could reduce your taxes on the foreign income paid to Canada by filing for a foreign tax credit using Schedule 1. This ensures that you don’t pay tax on the same income in both Canada and the foreign jurisdiction. That option, however, is not available when the foreign income is within a registered account for the reasons mentioned above…
Reader Questions – How I built my dividend portfolio
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.
Reader Questions – How I built my dividend portfolio Thanks good readers, I appreciate hearing from you and receiving your saving and investing questions. If you’ve been following My Own Advisor for a while you’ll know I’m a hybrid investor. I’m happy to own a few low-cost, diversified Exchange Traded Funds (ETFs) to grow my…
My Own Advisor is on his way to owning a million dollar portfolio. The article Reader Questions – How I built my dividend portfolio is exclusive to My Own Advisor. Make sure you visit My Own Advisor Deals to save hundreds or thousands of dollars every year. All Rights Reserved.
Reader Questions – How I built my dividend portfolio Thanks good readers, I appreciate hearing from you and receiving your saving and investing questions. If you’ve been following My Own Advisor for a while you’ll know I’m a hybrid investor. I’m happy to own a few low-cost, diversified Exchange Traded Funds (ETFs) to grow my…
My Own Advisor is on his way to owning a million dollar portfolio. The article Reader Questions – How I built my dividend portfolio is exclusive to My Own Advisor. Make sure you visit My Own Advisor Deals to save hundreds or thousands of dollars every year. All Rights Reserved.
