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!
It is always great to see innovation and new products in the banking and investing industry. A few months ago, CIBC introduced the Canadian Depositary Receipts (CDRs) on the NEO Exchange as a way to …
The accumulation phase is a major focus within the financial independence retire early (FIRE) movement. People focus on how they can accumulate enough assets to reach financial independence and eventually retire early. But the accumulation …
Recently Reader M provided some excellent insight on early withdrawal strategies. At the end of the blog post, I mentioned that charitable giving is important, particularly with what is going on in today’s world. After …
Many of us on the financial independence retire early journey put a lot of attention and time on the accumulation phase- how much money should I invest each month, which index ETFs and individual stock …
As many of you know, we have been busy adding new capital and buying dividend paying stocks over the last few years. During the COVID-19-caused short recession last year, our portfolio was down as much …
Many of you know that each year, Mrs. T and I aim to max out our RRSPs and TFSAs. Once we’ve maxed out our RRSPs and TFSAs, we then start transferring money in our taxable …
At the beginning of last year, if I asked you to give a couple of predictions on how the stock market would perform in 2020, would you have predicted the big drop due to the …