The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Instant Brands, maker of Instant Pot and Pyrex cookware, files for bankruptcy - CBC News Jun 13th
Instant Brands, maker of Instant Pot and Pyrex cookware, files for bankruptcy CBC NewsInstant Pot and Pyrex Maker Instant Brands Files for Bankruptcy Yahoo Canada FinancePyrex kitchenware maker files for Chapter 11 bankruptcy ReutersInstant Brands Takes Action to Str.... More »
Constellation Energy Stock Surges on Deal to Buy Calpine - Barron's Jan 10th
Constellation Energy Stock Surges on Deal to Buy Calpine Barron'sCPPIB sells stake in U.S. energy producer Calpine The Globe and MailConstellation Energy Jumps On $26 Billion Deal. But There's Risk. Investor's Business DailyCPP Investments to Sell Stake in Calpine Co.... More »
Can a non-resident open an investment account in Canada? Sep 19th
I moved to Sweden to study in 2021 and I am no longer considered a resident of Canada (to my understanding). However, I have some money to invest. I am not allowed to contribute to my TFSA which leaves me with contributing to an RRSP or an ISK (Swedish tax efficient account). In short, you pay ~0.40.... More »
Making sense of the markets this week: June 12 Jun 10th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Five-Dollarama
In an otherwise quiet North American earnings week, investors looked to the Dollarama (DOL/TSX) earnings call .... More »
ETFs and RESPs: It’s always a good time to invest in education Jan 9th
Registered education savings plans (RESPs) are a smart way to save for your kids’ or grandkids’ college or university tuition and other school expenses. Not only are you setting aside money for their future, but the RESP also gets a boost from government grants.
With that in mind, here’s a .... More »
A bear market checklist, a reality check on the loonie and exports, and a small cap on the verge of breaking out
– theglobeandmail.com
A roundup of investment ideas for active investors
The Bank of Nova Scotia raised its dividend Tuesday as it reported better-than-expected adjusted profit of roughly $2.275 billion for its first quarter, with strong earnings internationally as well as at home.
When income drops, should we tap the RRSP and feed the TFSA?
– moneysense.ca
FlickrI’ve been contributing to a spousal RRSP while my wife stays at home with our four kids. She only has income that is provided from the government as child benefits.
Can I withdraw the maximum annual non-taxed amount minus the child benefits from the RRSP and deposit in her TFSA? This would eliminate playing taxes on eventual RRSP withdrawals.
– Jeff
You ask a good question, Jeff. One of my financial planners had this question recently from a client and we evaluated the pros and cons. So, I think the answer may be of interest to others.
Everyone has a federal “basic personal amount” of income that they can earn tax-free without paying any federal tax. For 2018, this is $11,809. Their provincial or territorial basic personal amount varies by province or territory of residence but ranges from $8,160 in Prince Edward Island to $18,915 in Alberta for 2018.
So, most Canadians can earn at least $10,000 (sometimes much more) of income without paying any tax.
In your case, Jeff, your wife may be able to withdraw $10,000 or more tax-free from her registered retirement savings plan (RRSP)…
Unlike most boycotts, the #BoycottNRA campaign might really work
– canadianbusiness.com
Protesters hold signs during a rally for gun control at the Broward County Federal Courthouse in Fort Lauderdale, Florida on February 17, 2018. Seventeen people died and more than a dozen were wounded following a deadly shooting at Marjory Stoneman Douglas High School in Parkland, Florida on February 14. (Crowdspark/AP)If the NRA were a publicly-traded corporation, I’d be short selling its stock. Not because the organization is going away any time soon, or because I think Americans are going to repeal the Second Amendment any time soon. But because a group of high school students seem to be doing substantial damage to its already divisive brand.
And I’m willing to predict that its brand is going to suffer serious and meaningful damage over the coming weeks and months.
The primary reason is, of all things, a commercial boycott, spearheaded by the student survivors of the recent Florida school massacre, and their supporters. It’s one of the few boycotts I’ve seen that I think actually makes sense, tactically and ethically…
