I am not ignoring all this. But I am doing what I always do: staying disciplined, doing my research, focusing on finding value, all while knowing there will be market swings and a need to adapt the portfolio, as needed. It’s not sexy, but it...
You’re buying a new $60,000 sedan, so you take out a loan in that amount at 4.99% for six years (72 months). This loan has monthly payments of $966 (72 in total). You borrowed $60,000, but the amount you’ll repay (72 payments of $966) is...
Ontario added gender X as an option for driver’s licence applications in 2017. Some insurers charge the same rate for gender X drivers as they do for female drivers, while others use an average of rates for males and females, says the Canadian Institute of...
That’s a tax-efficient way to take funds out of registered retirement savings plans (RRSPs). “To make this even more tax efficient, the withdrawal amount should be transferred to a (registered retirement income fund) RRIF first,” says Ardrey. After age 65, this move will generate the...
Could Santander succeed in Canada? But while the market seems ready for a new entrant, it won’t be easy to gain traction, said Michael Liquornik, president and principal of consultancy Fin-Serv Advisors Inc. “That’s great that you’re opening your doors. But what’s the strategy to actually...
People who spend more than they earn (accumulating debt) People who spend all that they earn (saving nothing—breaking even) People who save 2%, 5%, 10% or even 20% or more (growing savings) We’ve seen $50,000 earners who save 20% of their income ($10,000), $100,000 earners who save just...
How do NSAs compare to GICs, HISAs and MMFs? Notice savings accounts can complement the use of other savings products, particularly HISAs used for short-term savings, and GICs and MMFs used for medium- or longer-term savings. Here’s a comparison of features. EQ Bank NSAHISAGICMMFInterest rate or yield3.00%...
In your case, though, Parmod, there’s no tax to transfer your home to your corporation assuming it qualifies as your principal residence for all years of ownership. The real question is: should you? ...
High management expense ratios By and large, the options for Canadians seeking Chinese equity exposure are prohibitively expensive, even compared to mutual funds. Take XCH for example, with its hefty 0.86% management expense ratio (MER). The more specialized BMO MSCI China ESG Leaders Index ETF (ZCH) isn’t...
The Tories tried unsuccessfully several times to bring down the Liberal minority government in 2024. The current speculation in Ottawa is the election will come in the spring when the government unveils its budget, but even if that doesn’t happen, the fixed date for the...