Question. Hi, I have some money that I’d like to contribute to my investment plan. I have about $110,000 in my RRSP, and about $32,000 in my TFSA. This year I can afford to contribute about $5,000, and I’m wondering if I should put it into my RRSP or my TFSA? Which one is better? Answer. Which is better, a […]
Over the last few days the stock markets around the world have done something they haven’t done in over a year: post a large negative return for a few days. The latest drop in the markets appears to be caused by the fear of interest rates going up in the near term. We’ve also read reports of a few leveraged […]
Update: This contest is now closed. The lucky winner has been contacted through Facebook and will be announced once they claim their prize! Thank you all for participating. You are leading a busy life and are probably not even thinking about slowing down anytime soon. But have you ever wondered what your ideal retirement will look like? Take a moment […]
Question. Hi, I guess it’s that time of year again because I keep hearing about RRSPs these days. I know it’s important, and I know I should contribute to mine. And I want to, but I just don’t have the cash available. I feel like I’m neglecting my RRSP and want to be more responsible, but it always seems to […]
December was a good month for stock markets around the world, and capped off a good year for our portfolios.
Question. My husband and I have recently purchased our first home together. Actually, we’re just in the final stages of the process, and wondering about insurance. The mortgage representative at our bank said we should buy our insurance at the bank because it’s made specifically for this purpose. Actually, she told us that mortgage insurance is mandatory for us. Is […]
November was a good month for stock markets around the world, less so for bond markets. But the currency or “investment” that did the best was bitcoin.
Question: My husband and I file our own taxes each year. I’m not a tax expert, but I try to educate myself so I can lower my taxes wherever possible. Can you give me any basic advice or tips so I can make sure I’m being smart about taxes and taking advantage of any tax saving strategies available to me? […]