“Markets’ reaction [to the rate cuts] so far has been largely muted,” wrote RBC assistant chief economist Robert Hogue, in the bank’s latest economics report on housing. “It will clearly take deeper rate cuts to stimulate demand in a material way, as...
A report by TD economist Rishi Sondhi said sales activity hasn’t been absorbing supply fast enough, with July condo resales in the GTA down 25% from pre-pandemic levels. Sondhi said the trend is tied to factors such as a wave of newly built...
Fee-based advisors, who charge based on asset size, typically work better for people with more assets and dollars to invest. Tam said fee-based financial planning aligns the motivation of an advisor with the client. “They’re not going to be motivated to do what we...
What are private investments? “Private investments” is a catch-all term referring to financial assets that do not trade on public stock, bond or derivatives markets. They include private equity, private debt, private real estate pools, venture capital, infrastructure and alternative strategies (a.k.a. hedge...
Which generation has the easiest time with debt? According to the poll, 55.5% of Canadians think that Boomers (born 1946 to 1964) had an easier time with debt, and the Silent Generation (born 1925 to 1945) comes in next at 21.8%. Gen Z...
Retirement ...
If the trust is required to provide beneficial ownership information, the Schedule 15 form must list the name, date of birth, address and social insurance number of all trustees, settlors, beneficiaries and controlling persons to the CRA. Do bare trusts need to...
Prolong the mortgage amortization period Extending the amortization is a popular option these days, with 25-plus year mortgages becoming the norm. In 2023, RBC reported that 43% of its residential mortgages had amortization periods of more than 25 years. And, as first announced in the...
For example, for income year 2023, the threshold amount is $86,912. If your income in 2023 was $120,000, then your repayment would be 15% of $33,088 (the difference between $120,000 and $86,912). That comes out to $4,963.20. OAS clawbacks are paid off...
Working as a financial planner, I am often asked, “What is the most tax-efficient way to draw down on investments?” From the outset, I question if a decumulation plan based on tax efficiency is the best use of someone’s money. I wonder whether...