All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
Selling stocks at a loss in a TFSA: What it means for your contribution room Apr 12th
Ask MoneySense
I lost $20,000 dollars in my TFSA account in the market correction, and my broker sold the losing stocks. Can I put more money in to bring me back up the to the limit the government allows?—Wayne
Capital losses in a TFSA
A capital loss is when you sell an investment at a lowe.... More »
What the right ETFs can do for you Nov 30th
Jonathan Chevreau will be presenting: The MoneySense ETF All-Stars and Their Role in Establishing Financial Independence and Generating Retirement Income on Thursday, December 2, 2021 at 12:25 p.m. to 12:55 p.m. EST. Now in its ninth year, the ETF All-Stars helps Canadian investors narrow down the f.... More »
In Your Corner: My house is my retirement plan. Am I doomed? + MORE Aug 24th
Owning a home is a great investment but we all should have other investments socked away for retirement — ideally inside a Registered Retirement Savings Plan (RRSP), says this week’s expert..... More »
Worried about your shrinking nest egg? How the 4% rule can help save your retirement + MORE Mar 30th
While no withdrawal rate is foolproof or guaranteed, the 4% withdrawal rule provides a rough and reasonable measuring stick that is widely used and has stood the test of time going back to the 1920s..... More »
Making sense of the markets this week: August 28 + MORE Aug 31st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Banking on stability and caution
Canadian investors love their banks. Year in and year out, banks provide dependable dividend growt.... More »
Sears looking to close all stores, 12,000 to lose jobs
– moneysense.ca
TORONTO — Sears Canada Inc. is seeking court approval to liquidate its roughly 130 remaining stores, leaving approximately 12,000 employees without a job.
The embattled retailer, which has been operating under the Companies’ Creditors Arrangement Act since June, said Tuesday that it had failed to find a buyer that would allow it to continue as a going concern.
READ: What the Sears DB pension uncertainty teaches us
The court overseeing Sears Canada’s operations is expected to hear a motion Friday seeking approval for the liquidation and wind down of the business.
Last Tuesday, Sears received a revised bid from a buyer group led by its executive chairman Brandon Stranzl to buy the business as a going concern.
However, a lawyer for Sears Canada’s court-appointed monitor told the court last week it would consider it but the company was running out of money and time.
On Tuesday, the retailer said in a statement that “following exhaustive efforts, no viable transaction” was received…
The embattled retailer, which has been operating under the Companies’ Creditors Arrangement Act since June, said Tuesday that it had failed to find a buyer that would allow it to continue as a going concern.
READ: What the Sears DB pension uncertainty teaches us
The court overseeing Sears Canada’s operations is expected to hear a motion Friday seeking approval for the liquidation and wind down of the business.
Last Tuesday, Sears received a revised bid from a buyer group led by its executive chairman Brandon Stranzl to buy the business as a going concern.
However, a lawyer for Sears Canada’s court-appointed monitor told the court last week it would consider it but the company was running out of money and time.
On Tuesday, the retailer said in a statement that “following exhaustive efforts, no viable transaction” was received…
The best way to use your RRSP to invest in real estate
– moneysense.ca
Q: What investments are eligible inside an RRSP? How do I use the funds in my RRSP to buy an income property?
—Wendy
A: Mutual funds still represent about one third of RRSP assets in Canada, Wendy, but there are ever increasing alternatives. The common ones are cash, guaranteed investment certificates (GICs), bonds, stocks and exchange-traded funds (ETFs). These six are the primary RRSP-eligible investments.
Ask a Planner: Leave your question for Jason Heath »
Some lesser known alternatives include currencies (excluding digital currencies like Bitcoin); mortgages (which can include your own mortgage); precious metals (like gold and silver bullion); private market investments (including specified small business corporation shares and exempt market securities); options (although CRA warns about writing uncovered call options or put options); and annuities (which are finally becoming more attractive as interest rates rise).
You can use your RRSP to invest in real estate, Wendy, but unfortunately you can only do so indirectly…
