Retirement

Beyond financial planning: How to achieve the lifestyle you want

Q. I have just turned 40, am single, and earn $86,000 a year. I also have zero debt. I just finished paying off my house, worth $315,000, and I would like to continue to put away my mortgage payment of $1,000 every two weeks as savings. Because all money went to debt repayment, I’ve never really ...

Canada’s best credit cards for travel insurance

These days, nearly all credit cards include some kind of travel insurance. Like purchase protection, it’s an easy add-on to entice customers, but savvy Canadians know that not all insurance is created equal. Most travellers really only need to consider a few kinds of coverage: emergency medical, ...

Mark Machin's Big Bonus?

Institutional Investor reports on how the Canada Pension Plan Investment Board (CPPIB) paid chief executive Mark Machin C$5.265 million for a fiscal year ending March 31, 2019. CPPIB had estimated that it would pay Machin C$3.565 million for the year but incentive pay and bonuses topped up his fin ...

A new kind of annuity designed to help Canadian retirees live well, for longer

Two of the more promising measures in the recent federal budget could pave the way for deferred annuities and pooled-risk pension products designed to prevent retirees from outliving their money. The budget proposed two new types of annuities that can be used for registered plans. The headline-gra ...

Can Canadian seniors collect government benefits while still working?

Q. This fall, I will celebrate my 65th birthday, and plan to reduce my work hours to three days a week, from my current full-time hours now. I also plan to begin collecting my Canada Pension Plan and Old Age Security benefits—but, at the same time, I want to avoid being taxed on my income if poss ...

3 Canadian Dividend Growth Stocks Increasing Dividends

Disclosure: Some of the links below are affiliate links (AL), meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase. See disclaimer. I missed February and March, but normally each month I update readers of all the dividend increases in the Canad ...

Top Funds' Activity in Q1 2019

The latest round of 13F filings from institutional investors were out this week, revealing what some of the most successful investors have been buying and selling during the last quarter. It appears fund managers were doing more selling than buying of many popular tickers: Managers were more bullis ...

Real estate has treated this investor well—but it’s time to diversify

ME AND MY TFSA Name: Peter Leung Age: 36 Location: Vancouver/Hong Kong Occupation: International real estate manager Strategy: Income-producing real estate investments, mainly REITs TFSA HOLDINGS WealthBar balanced fund: $6,075 Centurion Apartment Real Estate Investment Trust:  $22,500 Triumph Rea ...

What’s the best TFSA investing strategy for a young professional?

Q. I’m a 28-year-old speech-language pathologist making around $5,000 per month after tax. I have been aggressively saving for the past two years and was able to fully pay off my $32,000 student loan debt during that time as well. I currently have $10,000 in my TFSA and I am not sure what to do w ...

Advice on making your first home more affordable

Q. My partner and I rent a two-bedroom apartment in Toronto in a great neighbourhood for $1,850 a month—so, a great deal. We have been living together for three years and would like to buy a house together next year, when we both turn 30. We’ve looked around and can probably buy a small bungalo ...