Growing your money by investing is great but what about taxes? How do we minimize taxes legally in Canada? Some effective ways to reduce your taxes so at end of the day more money goes in your pocket!
I have always enjoyed receiving emails from readers and connecting with like-minded people. Recently a reader asked me the following question: Does it make sense to take advantage of the $2,000 RRSP contribution buffer and …
A few readers have asked me why we don’t invest in rental properties and invest in real estate investment trusts (REITs) instead. There are a few reasons why we prefer investing in Canadian REITs rather …
The May consumer price index increased 7.7% from a year ago. Bloomberg estimates that the June inflation rate might be 8.4%! The actual June inflation rate was 8.1%, making it the fastest annual increase since …
Lately, I have received many emails from readers asking about foreign withholding taxes. Some readers are wondering where they should hold US stocks that pay dividends, while some readers are wondering if it makes sense …
In recent years, there are more and more new and innovative investment products available to Canadians. These new products, mostly in the form of ETFs, typically have low management fees and provide excellent sector and/or …
Happy new year! I hope everyone enjoyed their holiday break and spent time with their families while staying safe and healthy. What a crazy year we had in 2021 eh? It’s hard to believe that …
If you’re a long time reader, you know I love the TFSA. I believe everyone should treat TFSAs as a long-term retirement account, rather than a short term savings account. While TFSAs are a great …