TFSA

My TFSA Update October 2017 - Taking Back The Towel On Oil Prices

Image Credit:Egorov Artem / 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. In this article, I’ll also explain why I now believe oil prices will settle at ...

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 ...

I lost my home in a fire. Can I tap my LIRA to cover costs?

Q: My house was burnt in the Fort McMurray fire. I am now unemployed and my husband and I are struggling to make the mortgage payments on top of our rent payment. Our savings are now drained as well as money received from insurance—the town house was part of a condo and is being rebuilt. We hav ...

How to prioritize your financial goals

(Illustration by Sam Island) Presented by Assante Wealth Management It’s a given that financial goals must be marshalled according to life goals. After all, as the old saying goes, “If you don’t know where you’re going, you will probably end up somewhere else.” Veteran money coach and ...

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 ...

Should couples hold duplicate investments?

As a couple, it’s great to have twins as kids. But you don’t always want your portfolios looking the same. (Flickr) Q. My wife and I have several duplicate holdings in our respective accounts: for example, we both hold some of the same stocks and ETFs directly, and our mutual funds may also in ...

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 ...

Why you should sign up for your employee stock plan. Now

M A K I N G   B A N K How gleeful you’ll be once you see all that free money (Shutterstock) Say you’re shopping and when you’re at the counter the cashier says, “Thanks for paying $150 for those shoes. Would you like to take with you an extra $40 as a thank-you for buying them?” Would ...

Sign up for your employee stock plan. Now

M A K I N G   B A N K How gleeful you’ll be once you see all that free money (Shutterstock) Say you’re shopping and when you’re at the counter the cashier says, “Thanks for paying $150 for those shoes. Would you like to take with you an extra $40 as a thank-you for buying them?” Would ...