How to go about securing the best return for your investment in Canada.
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How are bonuses taxed in Canada? Feb 13th
If you’re fortunate enough to get a bonus from your employer this year, or if you’ve recently earned a pay bump, how should you spend it?
Maybe that money is already spoken for. Many Canadians are struggling financially right now, so a bonus or salary increase might simply help cover th.... More »
WWE Says CEO Vince McMahon to Step Back During Misconduct Probe - Bloomberg Jun 17th
WWE Says CEO Vince McMahon to Step Back During Misconduct Probe BloombergWWE CEO McMahon steps down as board investigates alleged misconduct Financial PostInvestigation at WWE upends leadership; McMahon steps aside National PostWWE Board Of Directors Now Being Invest.... More »
When To Sell Your Investment Property? Sep 25th
Theoretically, real estate appreciates forever. The housing market rises and falls but given enough time, all properties are worth more than their purchase price. However, holding on to properties forever is impossible. Moreover, taking advantage of a high point in the market can be the best decisio.... More »
Stock news for investors: Quarterly profits up at Shopify, Brookfield; down at Suncor, Reuters + MORE Aug 8th
Here’s a round-up of news for Canadian investors this week.
Shopify
Suncor Energy Inc.
Brookfield Asset Management
Parkland Corp.
Thomson Reuters
Featured RRSP Accounts
featured
EQ Bank
.... More »
What are call options? Why should retirees care about them? + MORE Feb 10th
Amid the tumult of sharply rising interest rates, stubbornly high inflation and geopolitical risks, stocks have continued to slide. The market rout that began in early 2022 has hit retirees and those saving for retirement particularly hard.
Even bonds, usually thought of as a safe haven for .... More »
What the heck is a TFSA?
– moneysense.ca
One of the side-effects of working for a personal finance magazine is that my buds good-naturedly ask me for advice. I always oblige, albeit sheepishly, without letting on that I’m still learning, too (which I freely admit here).For instance, the other day I was having lunch with some friends when we started talking about money. The exchange went something like this:
Friend: Ugh, I’m so lost when it comes to money. What should I do?
One of the greatest mistakes young people can make right now (other than blow their money on something stupid, like, say, a house in Toronto) is not realize that their money can do more than just sit there.
Me: Well, do you have a TFSA?
Friend: Yes (in a proud voice).
Me: That’s great, you’re ahead of the game. What are you investing in?
Friend: W-w-what?
I then went on to explain what a TFSA really is. The tax-free savings account is NOT, I repeat, NOT just a savings account.
What is a TFSA?
A tax-free savings account (TFSA) should really be called a tax-free INVESTMENT account…
Friend: Ugh, I’m so lost when it comes to money. What should I do?
One of the greatest mistakes young people can make right now (other than blow their money on something stupid, like, say, a house in Toronto) is not realize that their money can do more than just sit there.
Me: Well, do you have a TFSA?
Friend: Yes (in a proud voice).
Me: That’s great, you’re ahead of the game. What are you investing in?
Friend: W-w-what?
I then went on to explain what a TFSA really is. The tax-free savings account is NOT, I repeat, NOT just a savings account.
What is a TFSA?
A tax-free savings account (TFSA) should really be called a tax-free INVESTMENT account…
