Investing

Understanding RRIF’s

Registered Retirement Income Funds (RRIFs) are an investment vehicle that are designed to payout the assets you’ve accumulated in your saving years. RRIFs are essentially ...
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TFSA’s The Basic 2024

A Tax-Free Savings Account, more commonly known as a TFSA, is a savings that can hold cash as well as investments. The TFSA was introduced ...
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What Does it Actually Mean to Diversify?

Diversification is a concept that the majority of investors understand on some level. It makes sense to not put all your eggs in one basket, ...
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The First Home Savings Account Has Arrived

Canadians have gotten a boost to save for buying a home. The new registered plan, the First Home Savings Account (FHSA), became available on April ...
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Investment Income and Income Tax

Investments can deliver a major source of income and tax implications for individuals. Each major type of investment income is subject to different tax treatment. ...
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What We Know About the Tax-Free First Home Savings Account (FHSA)

Canadians will soon get a boost when it comes to saving for their first home. Starting in April of 2023, the Tax-Free First Home Savings ...
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Tips on Retirement Savings Plan

A retirement savings plan is a way of protecting your post-retirement financial lifestyle.  However, in recent times, recessions, stock-market declines, housing market bubbles, joblessness, and ...
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Pay-down Your Mortgage or Top-up Your TFSA

The question of reducing debt or contributing to savings will continue to be debated for as long as people plan to retire in Canada. Of ...
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Effects of inflation

We all know the cost of goods and services rises over time.  Single postage stamps that cost 85 cents just 3 years ago now cost ...
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5 Ways to Avoid Capital Gains Tax

Capital Gains tax occurs when you sell capital property for more than you paid for it. In Canada, you are only taxed on 50% of ...
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