Monthly Market Update for May 2016: Real Estate in Focus
Stock markets took a breather in May, as did the Canadian Dollar, while real estate in Canada’s major cities did not. Oil continued to rise, briefly hitting US $50 per barrel.
RRSP to a RRIF: 10 Things to Know
1. What is a RRIF? So you’ve been contributing to your RRSP for many years and are now ready to retire. What do you do with your RRSP now? That is where RRIFs come in. RRIFs (Registered Retirement Income Funds) are basically the successor to RRSPs. You can convert some or all of an RRSP to a RRIF at any time, […]
RESPs – Individual or Family?
RESPs: Benefits of Both Individual and Family Plans In either type of RESP, you can apply for the Canada Education Savings Grant (CESG), the additional CESG if applicable, and other government grants. All of the other rules around contribution limits and the government grants are the same. Contrary to popular belief, you can transfer funds between individual plans, just like […]
Feisty, Frugal and Fabulous: Feel Confident Investing
Even the most feisty and frugal of us can have a hard time feeling fabulous when it comes to our savings. Research shows that investing is one area where women tend to lack confidence. In an international study of women’s opinions, the financial services industry was the one line of business they were most dissatisfied with. In regard to investments […]
Monthly Market Update for April 2016
Oil rose sharply in April, helping the Canadian Dollar rise to levels not seen in almost a year. Canadian stocks were also helped by oil prices, particularly the S&P/TSX Venture index which had its best month ever.
Passive investing: more exciting than it sounds
Passive investing or active? The words passive and active carry a lot of baggage in today’s society. When you hear the word passive, what comes to mind? For most people, it describes someone who allows things to happen or accepts what other people do or decide. Active is pretty much the exact opposite, its someone that takes charge or is […]
10 Common Misconceptions About Robo Advisors (Part 2)
Continued from 10 Common Misconceptions About Robo Advisors (Part 1) Misconception #6 – Humans are inherently better investors (and advisors) than robo advisors Intuitively, it seems like humans would have the advantage over technology, that an algorithm could never perform as well as a human advisor. There’s a hesitation in handing over the reins to an unfeeling algorithm, even when […]
Podcast – Tax Tips and Traps with Faizal Valli, CPA, CA
Faizal Valli’s Tax Tips and Traps If you haven’t yet filed your 2015 taxes, or if you’re looking for a summary of the recently announced federal budget, check out this 30 minute podcast featuring Faizal Valli, CPA, CA. Have a tax question that wasn’t covered here? Let us know in the comments or connect with Faizal directly on LinkedIn. […]
