RESP

What’s the “catch” with the new “no-fee” Fidelity index mutual funds?

Q: I was wondering if you have seen the recent “no-fee” Fidelity mutual index funds for U.S. and international equities. What is the catch? – Kevin A: In late July, MoneySense reported that ETF fees are going to zero. That hasn’t happened quite yet, but investors in the U.S. can now buy in ...

Top 5 tips to get more money out of your RESP

Post-secondary tuition just keeps going up. Canadian universities and colleges have been hitting youngsters and their parents with tuition hikes every year, for the last 28 years! And it rose 40 percent in just 10 years! Your kids can’t pay for their schooling by working a summer job. They ne ...

Which ETFs make sense for an 18-year-old starting a TFSA?

Q: My daughter, Alie, turns 18 this year and I plan to have her open a TFSA so she can start to invest. Our agreement is that we will match whatever she puts in her TFSA annually for at least the next 20 years, hoping this encourages her to save as she gets older. Should she be looking at an aggre ...

Can Nolan and Theresa pay off their debt and retire at 56?

Nolan B., 38, and his wife Theresa, 39, live in Saskatoon, Sask. They have a 12-year-old son, Ryan. Nolan earns $95,000 a year (plus a potential 13% bonus if certain performance targets are met) while Theresa earns $57,000 annually. Nolan works as a manager for the federal government while Theresa ...

Best investment strategies for newcomers to Canada

Q: I will be immigrating to Canada in November with my spouse and three children, and I need advice on the investment opportunities a new immigrant can take advantage of. We have done a budget of our landing costs and have realized that we have an excess of $10,000 CAD outside the cost of living e ...

7 unique investing and finance blogs to follow

These days, there are so many blogs out there for investors to follow that it’s difficult to sift through the noise and find valuable advice. I’ve put together a list of seven American investment blogs that I enjoy following and you might too. If you’re a DIY investor—or just interested in ...

GIC vs. aggregate bond ETF: Which is best for a retiree?

 Q: I am 73 years old, retired, and my portfolio is made up of short-term government bonds (40%), corporate bonds (20%), a preferred share ETF (30%), and the rest in GICs. Should I have a holding in an aggregate bond ETF at this stage, since short-term interest rates seem destined to go higher an ...

Tax-free way to pass on an inheritance while still alive

Q: My spouse Sabina is near the end of her life and she has about $30,000 she wants to transfer to her son to be used for her three grandchildren’s education. I suggested she could transfer pre-passing to her son’s RRSP account without triggering any tax implication. No one agrees with me. W ...

Which fixed-income ETFs are best for RRSPs?

Q: I’d like to invest 50% of my RRSP money in a fixed income ETF. How do they differ, and which ones are worth considering? What are the pros and cons of fixed income ETFs? I am retired and want a very conservative fixed income component in my RRSP, even though I don’t need that money for seve ...

Get an RESP or pay down debt?

You already know about the ABCs of an RESP. It’s there to help fund your children’s education, even as tuition keeps rising. After all, the average tuition cost for a Canadian university — before the cost of books, travel and supplies — is $6,500 per year. Higher-cost programs can range ...