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.
Latest News
Lyft hikes final IPO price to $72 a share as excitement rises Mar 28th
Lyft is lifting the price target for its initial public offering in a sign of the excitement surrounding the stock market debut of a ride-hailing service that's gaining ground on its rival Uber..... More »
Pros & Cons of a Jumbo Reverse Mortgage Aug 28th
To analyze the pros and cons of a jumbo reverse mortgage, we contrast jumbo with the traditional FHA. Unless you compare, you won’t be able to say why and how something is good or problematic.
Same way, whenever we think for jumbo, we try to understand the advantages and the drawbacks. This is par.... More »
Making sense of the markets this week: November 23 Nov 20th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
It’s déjà vu vaccine all over again as we make sense of the markets
This week began, like last week, with some very positive (and welcome) news on the vaccine front. As yo.... More »
AMD Radeon RX 9070 and RX 9070 XT review: Strong performance at a price that challenges NVIDIA - HardwareZone Mar 9th
AMD Radeon RX 9070 and RX 9070 XT review: Strong performance at a price that challenges NVIDIA HardwareZoneWhere to buy AMD Radeon RX 9070 XT and RX 9070: the best retailers in the US and UK to check for stock TechRadarThe GPU market is built on a broken foundation E.... More »
What type of insurance does a home-based business need? + MORE May 25th
Q. I am starting up a small business where I will manufacture, market and sell my own products online. I will use a room in my home as an office. What type of insurance do I need?
–Paul
A. Hi Paul. An insurance policy protects you against defined risks. Although I haven’t seen your home insuranc.... More »
8 strategies to make selling a home in 2019 less stressful
– moneysense.ca
Selling a home is stressful. It’s probably the single largest transaction you’ll make in a lifetime. Add in the fear of a downturn, a possible recession, and market uncertainty and you’ve got a recipe for anxiety or even disaster.It’s not like this anxiety isn’t substantiated. We’ve all read the headlines of double-digit sales activity declines and hundreds of thousands slashed from list prices. Even worse is that amidst the rise in inventory there is a decline in the number of buyers entering the housing market. According to the Statistics Canada Census 2016 data, the percentage of households that own their home fell to 67.8% in 2016 down from 69% in 2011.
The largest declines were found in cities that have experienced the largest growth in housing prices, such as Toronto, Vancouver, and Victoria, B.C.
Quick translation: Sellers are faced with more competition, declining prices, and fewer buyers. These are the moments when armchair real estate experts will tell you to hold off on selling your home…
Should the sole recipient of an estate be the executor too?
– moneysense.ca
Q. I am 68-years-old and in good health, and am planning to leave my money to my grandson. He is 20 years old, very good with money, and has common sense. I had asked my son to be the executor of my will but that was before I decided to leave my money to my grandson. I have now decided to leave both of my two sons out of my will (the second son has no children). I want to name a new executor. Who could I name as a backup?
— Thank you, Grace
A. Naming someone as an executor is an extremely important duty and carries a lot of responsibility. Under new rules that have been passed in the last year, the tax reporting and understanding of the assets in an estate is extremely important.
When deciding on whom you might name as an executor, there are several factors to consider. First, it makes sense to find someone who is younger than you. While this does not guarantee they will outlive you, it does increase the odds. Ideally, you should look for someone who understands money, tax and does not get flustered by paperwork…
