TFSA

How to use ETFs in your child’s RESP

Q. Several years ago, an advisor recommended I hold a Canadian dividend ETF in an RESP for my son. Would this still be a good approach for someone just starting an RESP for their baby, or is there a better alternative, given the increasing number of ETF options? – Pete in Halifax A. In many ways, ...

When does investing in flow-through shares make sense?

Q. My wife and I are nearing the end of our working careers. We are big planners and have a financial plan that we have been successfully working with for over 15 years. My wife will be retiring from teaching in two to three years with a full pension. As a part of our plan I left my job this May p ...

Is paying off debt with a $250,000 inheritance a good idea?

Q. I have a question about my soon-to-be gift/early inheritance. My amazing parents are (as I type!) downsizing and moving into a seniors community. With this downsizing, they have decided to gift between $200,000 and $250,000 to me when the literal and figurative dust settles, which should be abou ...

My TFSA Update February 2019

Image Credit: Chesky / Shutterstock.com   In this series, I (Jin Choi) talk about my journey of investing in my TFSA account. If you want to know what a TFSA is, I recommend you read my free book.   February Results: Flat 0.0% At the end of February, I had $43,262 in my TFSA account, which di ...

Federal budget 2019: Likely some goodies for investors

There’s no budget quite like an election year budget. In 2015, the last election budget, then Prime Minister Stephen Harper tried to win over the common Canadian by introducing a host of budget day goodies. He boosted the tax-free savings account’s contribution limit from $5,000 to $10,000 (wh ...

The best way to transfer investments to your spouse

Travel photo created by kstudio – www.freepik.com Q: Is there a way for me to transfer my mutual funds to my spouse so that we can use the money for an investment? – Dean A: When capital assets like mutual funds, stocks, exchange-traded funds (ETFs) or rental real estate are transferred fro ...

Why it’s important to double down on low-cost financial products

For well over a decade, I’ve been a crusader for low-cost products.  One of my investing heroes is the late, great John Bogle—a man whom I have had the privilege to have met. It’s funny how some people (read: me) can be self-satisfied about being “ahead of the curve” by smugly comparing ...

What is an RESP?

Designed by Kstudio / Freepik With the sleepless nights that come with a newborn it can be hard to plan even one week in the future, let alone grappling with how to save up enough money for when that little bundle of joy heads off to college or university in 18 years. Fortunately Canadian parents ...

The best TFSA investment for a time horizon of 3 to 5 years

Q. Can you please recommend an ETF for my daughter’s TFSA? Her time horizon is three to five years. — Dina A. ETFs are an excellent choice for long-term investors, but they’re not a good option for short-term savers. Dina, I’m guessing your daughter may need the money for tuition, or a down ...

A TFSA strategy that lines Narayan’s pockets—not his advisor’s

Narayan Dixit Location: Pickering, Ont.Occupation: Retired from IT for 2 yearsTFSA total: $70,000TFSA strategy: Canadian financials and utilities TFSA holdings Holding % of portfolio Bank of Nova Scotia (BNS-T) 20% ...