RESP

RBC Direct Investing Review

Discover the RBC Direct Investing platform for DIY investors. When looking for a discount broker, it’s not just about the transaction fees, learn everything you need to know about the platform to invest with success. RBC Direct Investing is a strong platform with competitive offerings. After 4 ye ...

Are Brittany and Wayne on track to retire at age 59?

Brittany and Wayne Hart are a young couple living in Pickering, Ont. Brittany, 28, earns $80,000 annually with an annual increase of about 3% as an Ontario government employee while Wayne, 33, works in sales earning $45,000 a year with 2% increases in salary annually. The couple has an 18-month-ol ...

Can this couple retire at age 59?

Brittany and Wayne Hart are a young couple living in Pickering, Ont. Brittany, 28, earns $80,000 annually with an annual increase of about 3% as an Ontario government employee while Wayne, 33, works in sales earning $45,000 a year with 2% increases in salary annually. The couple has an 18-month-ol ...

Monthly Income – Funds, ETFs, Bonds or Stocks

It’s understandable that many investors would be interested in a monthly income investment during this everlasting low-interest rate environment but the investments or products are not without their pitfalls. You need to choose wisely and understand how the income is generated. The low-interes ...

2018 Canadian Dividend Aristocrats

Looking for the best of the best dividend stocks? The Canadian Dividend Aristocrats list is the perfect place to start. To be included in the Canadian Dividend Aristocrats list, a Canadian company must match the following criteria. The company’s security is a common stock or income trust listed ...

RRSP contribution deadline and CRA rules reminder

The March 1, 2018 RRSP contribution deadline approaches! As such, many Canadians are about to make a last minute contribution to their RRSP account. RRSP contribution deadlines for 2017 tax year December 31, 2017 March 1 (First 60 days of 2018). Here are some important deadlines to remember at th ...

Capital Gains Income Tax – A Complete Guide

When you start investing, the first investing tax you need to understand the impact of your capital gains or capital loss on your income tax. At its core, the income tax on capital gains is pretty simple but I am not a tax expert and you may want to consult a tax expert. Once a year, during the in ...

REIT Taxation – A Canadian Primer

Real Estate Income Trusts, or REITs for short, are companies that own or finance income-producing real estate. They receive special tax considerations and tend to have a higher distribution yield than corporations. Real estate assets can range from shopping malls, to apartment buildings, to office ...

Dividend Income Tax – A Complete Guide

Every year, like clockwork, we all have to do our taxes. For many like me, we have to report our dividends and pay our taxes on this amazing passive income. The great thing about dividends is that it’s a passive income and it has a preferred tax rate compared to interest or regular income. Only c ...

The best way to transfer RESP money to an RRSP

Q: When transferring my unused RESP accumulated income into my RRSP, am I able to do it as is, i.e. bank stocks, or do I have to cash them in and transfer as cash? —Johanna A: If you end up with money in a Registered Education Savings Plan (RESP) that you can’t use for a child’s education, ...