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
How to recover financially from divorce + MORE Dec 4th
Right off the top, it’s important to acknowledge that there are no secret strategies for magically avoiding the financial impact of divorce. Divorce is difficult. You may lose half of your assets—or more—during the process of equalization. You may have ongoing spousal support or child supp.... More »
How the federal budget will affect families + MORE Mar 25th
Andrew Francis Wallace/Toronto Star/GetStock
This article was originally published at MoneySense.ca.
On Tuesday, Federal Finance Minister Bill Morneau stood up in the House of Commons to table his first federal budget. While the big numbers will grab the biggest headlines (and it doesn’t get mu.... More »
Rio Tinto doubles first half earnings, adds $1-billion share buyback + MORE Aug 2nd
Global miner cites strong demand for industrial commodities
.... More »
What were investors thinking? Interest rates must rise: Don Pittis + MORE Sep 13th
Economists and commentators are blaming the latest tumble in financial markets on fears that interest rates could hold steady or rise. Did traders think they would go down forever?.... More »
4 Interesting Tips to Remember When Investing in a Renovation Project May 2nd
Finding the right investments is something most people struggle with. There are so many different investment opportunities on the market, which makes selecting just one difficult.
For years, people have invested in rental properties, apartment buildings and a variety of another real estate. Often ti.... More »
How to buy dividend stocks
– moneysense.ca
(Illustration by Josh Holinaty)You are probably still nursing your bruises from 2015’s overall decline in Canadian stocks of just over 11%. So far 2016 is looking even worse. But if you’re an income investor, it helps to appreciate the benefits of investing in stocks with reliable and growing dividends. Not only have those kinds of stocks fallen less than the market as a whole, but you continue to reap the uninterrupted benefit of steadily growing dividend cash flow.
Of course, not all dividend stocks did well, which proves you can’t judge a dividend stock just by the size of its yield. Last year saw dividend cuts accompanied by declining share prices for many companies centred in the energy and mining sectors such as Teck Resources, Crescent Point Energy and Cenovus Energy. So you need to be able to distinguish dividends that are reliable and growing from those that aren’t. While that’s not always easy, we’ll show you what to look for. We’ll then discuss different ways of investing in reliable and growing dividend stocks through mutual funds, ETFs or individual stocks…
What loonie woes? Canadians aggressively buy companies and assets abroad
– theglobeandmail.com
Appetite for foreign deals last year expected to continue in 2016
Weekend Reading – Wanting the market to crash, overspending, not showing up and more
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.Welcome to some Weekend Reading friends – the best from the personal finance and investing blogosphere. Before I get to the articles I enjoyed this week, I thought I would show you some of the snow I moved this week. First, shovelling snow to get into my car at work.
Next, shovelling my front step to get into my house.
Ah, winter, in Ottawa, good times…
It was certainly interesting to get more than 52 cm (almost 2 feet) of snow in one day!
Back to the personal finance stuff, in case you missed it, I posted a few articles this week:
What will your retirement look like?
My January 2016 Dividend Income Update
My TurboTax Canada giveaway with some great tax tips – so make sure you enter!
Andrew Hallam profiled this investor who wants the stock market to crash. BTW – stay tuned for my upcoming interview with Andrew. I recently got a chance to catch up with this Millionaire Teacher and Expat.
Here are some top Canadian dividend paying stocks to consider for your portfolio…
Using birth control to avoid Zika infection a 'lesser evil': Pope Francis – The Globe and Mail
– news.google.ca
The Globe and MailUsing birth control to avoid Zika infection a 'lesser evil': Pope FrancisThe Globe and MailPope Francis has suggested that it could be acceptable for Catholics afraid of infection with the Zika virus to use contraception. Speaking to reporters aboard the papal plane on a flight to Rome from Mexico on Thursday, the Pope drew a distinction …Pope labels Trump 'not Christian' for proposal to build wall along Mexican borderHamilton SpectatorPope suggests contraceptives could be used to slow spread of ZikaCNNDonald Trump Fires Back at Sharp Rebuke by Pope FrancisNew York TimesDigital Journal -The Australian Financial Review -Winnipeg Free Pressall 1,969 news articles »
Why you’re getting a tax break on dividend income
– moneysense.ca
Our made-in-Canada tax advantageYou might be aware that Canadian dividends have a tax advantage over regular income when they’re held in non-registered accounts. But the tax calculations are complicated, so you may not realize how it impacts you. Here’s the combined federal and provincial marginal tax rates you actually pay on Canadian dividends using B.C. as an example, as provided by taxtips.ca, and estimated based on Liberal tax promises.
Note that Canadian dividends will get you a nice tax break at all income levels, but the benefit is especially large if you’re in a lower tax bracket.
Amazingly, if you’re in a low enough tax bracket in some provinces (including B.C.), you not only pay no taxes on dividend income at all, but the dividends cause a further small reduction in the rest of your taxes. This is a rare and delightful example of a “negative marginal tax rate”.
The actual calculations are pretty complex and go through a three-step process. First, dividends received are grossed up and included in taxable income…
