I’m sure you have heard this saying many times – “Don’t put all your eggs in one basket.” Diversification can help protect your portfolio in a volatile market, which is done by spreading money among different investments to reduce risk. There are many different ways…
No one enjoys paying taxes. Under our current Federal tax set-up, the higher your income, the more income tax you pay on each incremental dollar earned. If you are able to spread income among family members who are taxed at lower marginal rates, you may…
So, what is leverage, you ask? The term leverage means to borrow money to invest – the multiplying effect from investing this debt is called “leverage”. But, as with anything that increases your ability to earn gains, there’s a potential opposite effect… It can amplify…
The Canadian government rolled out TFSA accounts – otherwise known as Tax-Free Savings Accounts – for resident Canadians as of January 1st, 2009. Available to every resident Canadian 18 and older, the TFSA will allow you to invest up to $5,000 annually as of 2009,…
As Canadians, we have a new savings vehicle that will reduce our tax burden on the growth of the money within this account. The Tax Free Savings Account (TFSA) has been available since the 2009 tax year, and is a simple, and efficient way to…
A great many people confuse speculation with investing. By definition, an investment is something that you believe will benefit you in the long run. You think it has value, and you wish to be a part of what makes it valuable. For example, you may…
Some baby boomers are being forced to postpone retirement because of recession, suggests a recent survey. The Conference Board of Canada says their survey of retirement intentions taken in January, shows one-third of the baby boomers surveyed, and 21% of respondents overall, say they have…
What tax credit is available for a charitable donation? Charitable donations will usually qualify for a tax credit, provided the money is given to a Canadian registered charity, or other qualified donee. The basic federal tax credit for donations to a registered Canadian charity is…
Understanding leverageSo, what is leverage, you ask? The term…
How Not to Get LoadedMutual funds are one of the best and…
Diversify to protect your portfolioI’m sure you have heard this saying many…
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The information contained herein has been provided for information purposes only. The information has been drawn from sources believed to be reliable. Where such statements are based in whole or in part on information provided by third parties, they are not guaranteed to be accurate or complete. Graphs and charts are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, trading or tax strategies should be evaluated relative to each individual’s objectives and risk tolerance, and the author is not liable for any errors or omissions in the information or for any loss or damage suffered.
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