Reader Questions – How I built my dividend portfolio + MORE Mar 4th

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Scotiabank kicks off earnings season with modest 1.6% profit growth - Financial Post Nov 26th

Scotiabank kicks off earnings season with modest 1.6% profit growth  Financial PostScotiabank's wealth management drive pays off with earnings lift  BNNBloomberg.caScotiabank reports $2.31B fourth-quarter profit, up from $2.27B a year ago  Yahoo Canada FinanceScotiabank.... More »

Should you use the RRSP Home Buyers’ Plan on a mixed-use property? + MORE Jul 18th

Ask MoneySense I have a question regarding the RRSP Home Buyers’ Plan. I am a first-time home buyer. I need to use my RRSP, but the property I want to buy is a mixed-use property. We pay two kinds of taxes for this property: residential and commercial. I want to use the residential part of the pro.... More »

Where to buy real estate in 2020: Durham, Ont. + MORE Jun 24th

.WB18 { box-sizing: border-box } .WB18 * { box-sizing: inherit } .WB18 a { transition-property: background-color, color; transition-duration: .2s } .grid { display: block } .grid>div { floa.... More »

TD profit falls shy of forecasts as loan-loss provisions weigh - The Globe and Mail Aug 29th

TD profit falls shy of forecasts as loan-loss provisions weigh  The Globe and MailTD Bank reports higher profit in third quarter  BNNBloomberg.caTD Bank caps earnings at Canada's 5 biggest banks with profit rise to $3.2B  CBC NewsTD Bank’s Margins Squeezed as Earnings.... More »

Should retirees consider a home equity sharing agreement (HESA)? Jan 30th

Toronto-based Clay Financial recently began accepting applications for a new home equity product called a home equity sharing agreement, or HESA—not to be confused with the HISA, which stands for high-interest savings account. Clay raised seed funding in 2023 and is initially launching the prod.... More »

How mutual fund fees work

– moneysense.ca

How mutual fund fees work
(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…

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Crescent Point shares have dropped to near all-time lows, even after reporting fourth-quarter earnings that largely beat expectations

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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.

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Can I reclaim the withholding tax on my U.S. stocks?
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…

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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.

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