Making sense of the markets this week: December 10, 2023 Dec 14th

How to go about securing the best Retirement Plan in Canada.
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 pension

Should you sell stocks you inherit? + MORE Sep 12th

An inheritance can be comprised of cash, securities, real estate, or other assets. When you inherit securities like stocks, there are income tax and strategic considerations. Here are some that you should keep in mind.  How are stocks taxed when you inherit them?  When a spouse or co.... More »
retirement

Stock news for investors: Goeasy shares plunge nearly 60% after lender suspends dividend + MORE Mar 14th

Here’s a round-up of news for Canadian investors this week. Goeasy Algoma Steel Transat RBC MDA Space Empire Featured RRSP Accounts featured EQ Bank Build your retirem.... More »
 canada pension plan

How to model retirement income in Canada Feb 15th

Ask MoneySense I am retired early at 58 years old. My wife is 56 years old. We live on a Christmas tree farm, which was paid for years ago.  I have a work pension, and my wife was bought out for her pension.  We have considerable RRSPs, farm income, and farm property. Where do w.... More »

How job changes can affect your taxes + MORE Mar 28th

Landing a new job or being laid off from your current position can be life-changing—whether it’s an exciting transition, a tough stretch or a chance at a fresh start. But months after the dust settles, people often forget that job changes can also impact that year’s tax return. Expe.... More »
 retirement planning

Stock news for investors: Spinoffs, acquisitions, and market moves Oct 3rd

Here’s a round-up of news for Canadian investors this week. Maple Leaf Foods TMX group MEG Energy Stella-Jones Algoma Steel Featured RRSP Accounts featured EQ Bank Build .... More »
Making sense of the markets this week: December 10, 2023Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.

Interest rates stay the same—bank accounts, not so much

As was widely anticipated, the Bank of Canada (BoC) chose to keep the key interest rate at 5% this week.

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