Investing

How much you should pay in fees on your work savings plan

Q. I have been registered with an insurance company through my employer since 2001. At the present time, I have about $50,000 in my plan. I pay 3% and my employer matches 3%. My concern is that I’ve noticed that the insurance company is charging me a high amount of management expenses. Every mon ...

What should Mike do with his $10,000 inheritance?

Time to splurge with your inheritance cheque? (Shutterstock) Q. I just inherited $10,000. What should I do with the money? I am 65 years old and retired. I live on a very limited income which doesn’t allow me to enjoy some of the more frivolous things in life. Any good ideas for the money? – ...

How can we stop paying high fees on our bank stocks?

iStock Q. We have a portfolio of investments at an investment branch of a major financial institution. Our annual fees, based on the size of our portfolio, were $18,000 last year. This seems outrageous given that approximately one-third of our portfolio is sitting in bank stocks which we have no ...

The big (shrinking) short list

What are we looking for?: Canadian companies with a reduction in short interest The screen Short-selling, or “shorting”, refers to the investment practice of borrowing shares and subsequently selling them in the hope that the shares will eventually decline, so that the borrower can buy the sh ...

My TFSA Update April 2018

Image Credit: Abraham Magnawa / Shutterstock.com   In this series, I (Jin Choi) talk about my goal of reaching $1 million in my TFSA account by 2033. If you want to know what a TFSA is, I recommend you read my free book.   April Results: Up 33.2% At the end of April, I had $61,559 in my TFSA ...

Principles Of Canadian Municipal Finance (And Why A Land Value Tax Is Inferior)

The funding of Canadian municipal governments is not normally thought of as interesting topic; even Canadian fixed income investors are not particularly excited about it. However, there are two side issues that are of general interest. The first question is: what happens to Canadian municipalities ...

Market update. Oil price pumps up investors

Canadian stocks driven by the oil price combined with international stock growth are the major contributors to this month’s positive performance. Investors enjoyed a relatively relaxing month of lower volatility in many sectors. It seems to be a case of investors taking a breather to see what pl ...

What to do if the CRA audits you

TORONTO —Many Canadians are watching their mailboxes and inboxes for a personal income tax refund, now that the filing deadline has passed. But instead of a welcome influx of cash, receive a dreaded notice that their file is under review or audit. When the Canada Revenue Agency starts looking you ...

Avoid tax traps when opening a joint investment account

Q: I have a non-registered discount brokerage account containing stocks and mutual funds. If I wish to open a joint brokerage account in both my and my wife’s name, so my wife would have access to the assets, would there be any tax implications if I transfer all my assets into the joint account ...

Screening the Canadian Market for the #1 Dividend Growth Utility Stock [Spreadsheet included]

Disclosure: Some of the links below are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase. See disclaimer. In this article, we’ll review all utilities in Canada that have increased their dividend for 5 or more years in a ro ...