Move Over RRSP, TFSA – 7 Strategies For Maximizing Investment Returns

Move Over RRSP, TFSA - 7 Strategies For Maximizing Investment ReturnsInvestors tend to focus first and foremost on gross returns. Since an investor only gets to keep their net return after-tax, tax should be an important factor when it comes to investment decisions. The most basic example of this is to make the most of available tax shelters. Most people are aware of tax shelters like RRSPs, TFSAs and RESPs, but, if you are self-employed, you can even create your…

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3 Timeless Investing Lessons From the Best Investor You’ve Never Heard of

3 Timeless Investing Lessons From the Best Investor You’ve Never Heard ofFrom 1955 to 1995, Walter Schloss was one of the best-performing investors in North America, rivaling the great Warren Buffett in success. Schloss left Graham-Newman, the wealth management firm ran by Benjamin Graham (the father of value investing) in 1955, to start his own firm. Forty years later, he had delivered annual returns net to his investors of 15.7% per year, handily beating the S&P 500, which returned 10.4% a…

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5 Reasons to Love Stocks No Matter What the Market is Doing

5 Reasons to Love Stocks No Matter What the Market is DoingI was reading a new investment book this week, Market Masters, by Robin Speziale. (Well, I sort of had to read it, since there was a chapter on me in it!) The book is a collection of interviews with successful investors, and makes for a very good read. At the end, Speziale speculates on what actually makes a good investor. One of his conclusions: good investors simply love the investment…

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Bitcoin and the Magic of Blockchain

Bitcoin and the Magic of BlockchainUnless you’ve been living under a rock for the last few years you likely are familiar with the term: Bitcoin.  However, for those unfamiliar, Bitcoin is a digital currency which acts very much like paper money which can be used to purchase goods or even exchanged for real paper currency like Canadian or U.S. dollars.  It’s also a payment method so anyone can send and receive money anywhere in the…

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Accelerating Mortgage Payments will Free up Cash for RESP, Retirement Savings

Accelerating Mortgage Payments will Free up Cash for RESP, Retirement SavingsA couple we’ll call Harry, 35, and Tina, 37, are thriving in their careers. Harry, a geologist with a large company, brings home $5,730 a month. Tina, a management consultant in the chemical industry, adds $3,880, for total monthly disposable income of $9,610 a month. They have a two-year-old child. You could say that Harry and Tina are typical Canadians. Their income, though above average, is just enough to get…

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Changes to Capital Gains Tax will Likely Spark Panic Sales

Changes to Capital Gains Tax will Likely Spark Panic SalesWill they or won’t they? Rumours continue to swirl that the Liberals plan to raise taxes by cutting back on the break Canadians get from capital gains — even though they’ve never campaigned on the issue. That concern could lead to some panic selling of assets as people try to avoid a deadline for something that may never happen or might include a grandfather clause.  Read More…

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Relief May be on the Way — Tax on Both Sides of the Border

Relief May be on the Way -- Tax on Both Sides of the BorderU.S. citizens living in Canada not only have to file Canadian tax returns reporting their worldwide income, but they also have to file U.S. tax returns reporting the same income. That’s because the U.S. imposes taxes and filing requirements based on citizenship, not residency. To make matters worse, if the U.S. citizen holds a TFSA, RESP or RDSP, these accounts are not recognized as tax-preferred by the U.S. and the…

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Why a Capital Gains Tax Hike Might be on the Federal Budget

Why a Capital Gains Tax Hike Might be on the Federal BudgetWith the federal deficit now estimated to come in at $18 billion (or more), there is nervous speculation that Finance Minister Bill Morneau may go beyond the specific tax changes already detailed in the Liberal pre-election platform and introduce new measures in his March 22 budget to raise much needed tax revenue. One such measure being discussed in the financial and tax community is whether the government might raise the…

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Here Are Some Last-Minute Investments for Your RRSP

Here Are Some Last-Minute Investments for Your RRSPThe RRSP contribution limit deadline is fast approaching, and many Canadians have still not contributed to their accounts yet. Fortunately, there is still some time to add some stocks that can help fuel some growth for years to come. Here are a couple of companies to consider adding to your RRSP that are a good balance between growth and dividend payouts.  Read More…

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5 Reasons the Stock Market is Just Plain Weird

5 Reasons the Stock Market is Just Plain WeirdMarkets have indeed been strange for some time now. Most investors are confused about whether to sell, or buy, or panic, or just go to cash and avoid the craziness. However, if you think more closely about things, you might come to the conclusion that markets are always strange. Investors and the market are just not … normal. Why do we say this? Let’s look at five reasons why markets…

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