How to be a better investor Mar 1st

Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
Latest News
 retirement planning

TFSA vs RRSP: How to decide between the two + MORE Mar 30th

One of the most common questions out there is whether to invest in a registered retirement savings plan (RRSP) or a tax-free savings account (TFSA). Both will help you save, and save on taxes, but each works in a different way. Understanding how these accounts work will help you decide which is best.... More »

Bear markets: What’s a long-term investor supposed to do right now? + MORE Jul 13th

My mutual funds are doing terribly, and I know they always say that it is better to stay the course and ride out this market crash and whatever. But I’ve been thinking about divorcing my big bank for awhile now. I have RRSP with mutual funds that have high management fees with RBC, slightly b.... More »
 retirement savings plan

How financial advisors can help at different life stages + MORE Mar 23rd

When it comes to figuring out your finances and planning for the future, working with a pro can make this process easier. Canadians who feel hopeful about their financial future are more likely to be working with a financial professional, according to research by FP Canada.  Depending on you.... More »

U.S. withholding tax in an RRSP for Canadians + MORE Aug 3rd

I have EPD stock in my RRSP for their dividend payments (about 7%). What a surprise I had—even when in an RRSP—I had to pay about 30% tax on these dividends. EPD is registered in Louisiana. —Wanda How much is withholding tax on U.S. dividends? I am going to provide a brief summary of U..... More »

Watch: 4 things to consider before putting your money in a TFSA or RRSP Sep 28th

You know both can help lower how much income tax you pay—both are registered accounts, after all—but how do you decide whether to put your money into a tax-free savings account (TFSA) or a registered retirement savings plan (RRSP)? Watch this video to learn about the four things to consider befo.... More »

How to be a better investor

– moneysense.ca

For both beginner and experienced investors, focusing on a few basic guidelines can make the difference between good results and great ones. Whether you’re investing in a taxable account or a tax-sheltered account like a registered retirement savings plan (RRSP), doubling down on the basics can help you make better-informed decisions and reach your financial goals faster.

Set clear targets 

Instead of vague aspirations like “save more in 2022” or “grow my RRSP,” set specific goals you can quantify and track over time. Once you have a goal, you can break it down into the steps needed to get you where you want to be. If you’d like to max out your tax-free savings account (TFSA) this year, for example, what do you need to put in monthly or weekly to reach $6,000—and could you automate your deposits to help ensure it happens?

Online calculators can help you decide on what’s realistic for you. Explore different contribution rates, return assumptions and time horizons…

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