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Simplifying the ETF Selection Process: A Step-by-Step Guide to Finding the Perfect Fund
– canadiancapitalist.com
What is an ETF?
Before diving into the details of picking the right ETF, let’s first define an ETF. An ETF is a type of investment fund that tracks the performance of a specific market index, such as the S&P 500 or the NASDAQ. ETFs can be bought and sold just like stocks on a stock exchange, and they provide investors with a way to gain exposure to a broad range of assets with a single investment.
One of the biggest advantages of ETFs is their diversification…
Canada’s best credit cards for gas purchases 2023
– moneysense.ca
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Best cash back credit cards in Canada for 2023
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Credit cardDetailsCIBC Dividend Visa InfiniteBest for cash back on gas• $120 annual fee• 4% cash back on gas and groceries• 2% on dining, daily transit and recurring billsTangerine Money-Back Mastercard*Best for cash back on gas with no fee• No annual fee• 2% cash back on unlimited purchases in two categories, including gas• 2% in up to two other spending categories TD Cash Back Visa Infinite*Best for roadside assistance• $139 annual fee• 3% cash back on gas (up to $15,000 annually)• Complimentary emergency road services through the TD Auto Club Deluxe membershipScotiabank Gold American Express*Best for gas and travel• $120 annual fee• Earn 3 Scotia Rewards points per $1 spent on gas• Travel perks that include no foreign transaction fees; and travel emergency medical, trip cancellation, flight delay, lost baggage and accident insuranceTriangle MastercardBest for gas at Canadian Tire• No annual fee• Earn $0…
Even if you’re familiar with RRSPs, there may be nuances worth exploring here. And sometimes there are new developments that reshape traditional retirement planning. Most important today is the increase in life expectancy over the past generation. That’s great news, but it also presents a challenge: Investors may need to make their money last even longer in retirement.
Fortunately, the investing world also has fresh ideas and financial products that should rise to the occasion.
RRSPs and tax considerations
RRSPs are best known for their tax deferral. Investments grow tax-deferred inside the account and are only subject to income tax when they are withdrawn…