When should you stop contributing to an RRSP?

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Denis is in his early 50s, with a modest income. Would contributing to a TFSA instead help him to maximize government benefits in retirement?...

Using a TFSA to save for retirement

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Five years after a debilitating accident, Kay has no savings. What should she do when her annuity payments run out? ...

What P/E can tell you about a stock, and what it...

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Price-to-earnings ratio is a good (if imperfect) starting point for people who want to determine how expensive a company is. The ratio indicates what...

What Canadians living in the U.S. need to know about TFSAs

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TFSAs are not "tax-free" in the eyes of the U.S. Internal Revenue Service, and income generated inside a TFSA must be reported each year...

The best TFSA investments in Canada

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Despite its name, you can hold a variety of investment types inside a Tax-Free Savings Account—not only savings. This guide walks you though several...

What the heck is a TFSA?

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A tax-free savings account should really be called is a tax-free investment account—because it allows you to hold not only savings, but also equities like...

Paying yourself first

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Want to see your savings grow faster? Make deposits automatic so you can’t spend away spare cash. Here’s how, in 5 simple steps.  ...

Know your TFSA contribution limit

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Plus, here are some TFSA investing ideas ...

Triggering losses by transferring investments to a TFSA

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Stavros is worried that contributing an investment in kind to his TFSA will trigger the “superficial loss rule.”  ...

Planning for retirement with little or no savings to draw on

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Financial planning advice is often catered to wealthier Canadians. What can retirement look like for those without healthy RRSPs or other savings? ...

Recent Posts

The best ways to help kids financially

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You don’t have to be rich to give children a good start in life. Here are six strategies to use with kids of any...

How to draw money out of your corporation in retirement

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When you have money saved in a corporation, retirement planning can be a little more complicated. But it can be done. ...

Understanding the 1994 capital gains tax election

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There is a $100,000 capital gains exemption that applied until 1994. Find out if it can be used to reduce the tax payable on...

The ins and outs of tax and estate planning for a RRIF

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81-year old Lydia wants to minimize tax and maximize the estate value of her RRIF on death ...

What are the fees for becoming a joint tenant on a parent’s property?

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In becoming a joint tenant, what are the costs associated with it? What impact would a death have on this type of arrangement? ...