When the dust settles after the ceremony, reception and second helpings of tiered wedding cakes, newly married couples in Canada must decide whether to join their banking. Technically speaking, so long as the couple works together to achieve their goals as a team, they can do joint or separate banking.Continue Reading
RRSP is a long considered a cherished stable to a happy retirement, but is it really the only option? This article explores other options for those feeling concerned that they might be too late or too old because they haven’t started a registered retirement account yet.Continue Reading
While the recent performance of the stock market may have been disappointing, the reality is that it has enjoyed a period of stunning growth. For example, the S&P 500 has risen by 3.5 times since its low during the financial crisis. And while this rate of growth may not beContinue Reading
The protracted slump in crude and the ongoing weakness of commodities over the last two years triggered a dividend crisis for Canadian investors. A raft of dividend darlings in the energy patch slashed or even terminated their dividends as they battled to shore up over-levered balance sheets and protect diminishingContinue Reading
The cost to shop online just got a whole lot more expensive. Continue Reading
U.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 theContinue Reading
A 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.Continue Reading
Investors 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 peopleContinue Reading
Opening and contributing to a registered retirement savings plan (RRSP) is a great way to set money aside for retirement, and dividend stocks are ideal investments for these accounts. With this in mind, let’s take a look at three with high and safe yields of 3-5% that you could buyContinue Reading
If you want more income, one of the first places you can explore is real estate investment trusts (REITs). They own portfolios of properties that are diversified geographically and across many tenants. Some are diversified across asset types as well. Most importantly, many REITs pay juicy distributions that can helpContinue Reading