Why the $35,000 RRSP Home Buyers’ Plan won’t be much help + MORE Mar 25th

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The best balance transfer credit cards in Canada for 2024 + MORE Mar 1st

Spend The best balance transfer credit cards in Canada for 2024 Moving your credit card debt to a balance transfer card can help you pay off the debt more quickly by paying little or no interest. Compare now &l.... More »
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Tesla shares plunge 12% as investors wary of Elon Musk's Twitter plan - CBC News + MORE Apr 26th

Tesla shares plunge 12% as investors wary of Elon Musk's Twitter plan  CBC NewsTesla Is on Pace to Lose $100 Billion in One Day  BNNTesla loses $126 billion in one day  Financial PostTesla Stock Drop Wipes Out $126 Billion in One Day  Yahoo FinanceWhy Elon Mus.... More »
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Ages 13 to 17: Teaching teens to budget + MORE Aug 24th

It happens so fast you could miss it. But in their teens, kids need to start moving from thinking about money in small amounts (weekly) to larger amounts (monthly). “They should start getting more money for longer periods of time, but now they also need to start taking personal responsibility for .... More »

Meet the Advisors Who Are Expanding Wealth and Enhancing Legacy Planning Jun 13th

Established families and business leaders trust the boutique wealth advisory firm to multiply wealth and maximize estate value. Leveraging innovative and sophisticated financial strategies, they’re creating monumental financial impact.  Movsessian and Kachani speak about establishing the f.... More »

Exclusive: Nvidia to make Arm-based PC chips in major new challenge to Intel - Reuters Oct 23rd

Exclusive: Nvidia to make Arm-based PC chips in major new challenge to Intel  ReutersNVIDIA and AMD reportedly working on ARM-based processors for PCs  VideoCardz.comIntel stock drops on report Nvidia is working on an Arm-based PC chip  CNBCBernstein's Stacy Rasgon reac.... More »
TransAlta Corp. says Brookfield Renewable Partners and its institutional partners have signed a $750-million deal to invest in the company’s hydro assets.

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Using asset allocation ETFs for your RESP

– CanadianCouchPotato.com

One-fund ETF portfolios can be ideal for education savings [MoneySense]

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Investors were taking a cautious approach on Monday after Friday’s steep slide in stock indexes, with shares down both in Toronto and New York.

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Halifax-based Emera Inc has agreed to sell its electrical transmission and distribution assets in Maine for $1.8 billion Cdn to Calgary’s Enmax Corp.

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It’s been about a week since federal budget day and I still have questions about some of the things the government announced. For instance, why did they introduce a deferred annuity, which will allow Canadians to put 25% of their RRSP or RRIF into an annuity that must start paying out by 85 at the latest, instead of pushing back the RRIF withdrawal age limit? With more people working past 65, changing the withdrawal limit from 71 to, say, 75, would have allowed people to invest longer and then drawdown savings later in life when they really need it.
The biggest head-scratcher for me, though, was around the RRSP Home Buyers’ Plan. I still can’t figure out why the Liberals decided that letting first-time homebuyers withdraw $35,000 from their RRSP, which they still have to pay back over 15 years, instead of $25,000 is the answer to Canada’s housing problems. It seems to me that it only benefits professionals in Toronto and Vancouver who are already making good money and can afford a home whether they’re saving in their RRSP or not…

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