Brokerage

A starter TFSA with a few too many moving pieces

Me and My TFSA LIZ ENRIQUEZ AGE, 26 PLACE: Hamilton, Ont. TFSA TOTAL: $7,732 STRATEGY: Still looking for an easy, lost-cost growth strategy LIZ’S TFSA HOLDINGS Equities RBF1008 Global Bond Fund SR D                           $1,005 RBF1022 U.S. Equity Fund (Cdn.) Series ...

Tax confusion: What’s deductible and what’s not

A penny saved is a penny earned. That’s one of the great truisms in life —and in personal finance. But I don’t think the Canada Revenue Agency (the CRA) entirely agrees with it.  To them, money spent on earning income is deductible, but money spent on ultimately saving money by arranging f ...

A TFSA to protect against an apocalypse

Trevor Bonnici AGE: 47PLACE: TorontoTFSA TOTAL: $47,895STRATEGY: a portfolio that protects against hyperinflation and maintains his purchasing power TFSA Holdings Gold 25% Mawer Global Bond Fund 35% 1 to 5-year TIPS VTIP ETF 10% Polar Long/Short Fund (POL202) (small- to mid-cap Cdn. e ...

How to choose between active and passive investing

It’s impossible for everyone in a class to be above the class average. Same goes for every fund manager beating the average market return.  (Flickr) Proponents of low-cost investing are sometimes ‘challenged’ by proponents of actively-managed products and strategies.  I use the quotati ...

Currency outlook: Expect further U.S. dollar weakness

The Canadian dollar appears to have peaked for the moment as the BoC has become concerned about the impact of a stronger Canadian dollar on the economy. Recent growth has slowed from the breakneck pace of the second quarter allowing the BoC to wait for further information on the impact of its two r ...

Interest rate outlook: Bank of Canada to pause

After raising the target overnight rate 0.25 percentage points at each of the previous two meetings, the Bank of Canada (BoC) kept the rate unchanged at its meeting on October 25, 2017. While growth has remained strong, it has slowed from the second quarter and the BoC appears ready to give its two ...

Owning Canadian stocks as a U.S. resident

Q: I live in the USA but still have some stocks in a Canada brokerage. If I should sell them what is the capital gains I pay since I have had no income in Canada for the past 30 years? Except of course the dividend which has been about $200 a quarter. I’ve had the SU stocks since 1998 – about ...

7 ways to start investing smarter now

How often have you taken the time to prepare a well-planned to-do list? And how often have you lost the energy to complete any of the tasks once you finished writing them down? Taking the time to research and meticulously plan is great—and important—but you also have to act on it. But that ...

A stock-picker’s TFSA for long-term growth

Sam Tanny AGE: 21PLACE: MontrealTFSA TOTAL: $25,415STRATEGY: Growth and blue-chip stocks Me and My TFSA   Sam Tanny, 21, of Montreal, is a university student in finance. He started saving in his TFSA two years ago but he only started picking stocks for his portfolio last year. It’s now wor ...

What is ESG, and why should investors care?

Shoppers looking for “healthy food” must contend with a growing number of labels: organic, low-calorie, non-GMO, all-natural and many more. What you choose depends on your personal preferences and goals. Increasingly, investors are finding themselves in a similar situation. Almost 70% of invest ...