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!
Income tax is one of those unavoidable things in life. If you have a working income, you most likely will need to pay income tax to the Canadian Revenue Agency (CRA). Typically your employer will …
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 …
When I interviewed Reader B a few years ago about his $360,000 dividend income and how he and his wife are living off dividends, he pointed out that they only invest in Canadian dividend stocks …
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 …
Many readers will recall that Mrs. T and I are aiming to become financially independent via dividend income by 2025. The goal is to have our dividend portfolio generating around $60,000 to allow us to …
Happy New Year everyone! I hope everyone had a fantastic 2023 and enjoyed the holidays. Some readers have been asking about our portfolio performance so I thought I’d provide some context and 100% transparency. In …
In the last year or so, I have received many emails from readers asking if we are investing in GICs. With the interest rates at the highest level in the last 20 years, banks offer …