As we know, the Canadian stock market has been quite the laggard over the last 5 and 10 years, but it’s starting to show signs of life. The Canadian markets reached an all-time high on Thursday and then added on slightly on Friday. The market has been on an impressive upswing for the last 3 […]
Will the CRA eventually tax your Tax Free Savings Account?
As it stands today the Tax Free Savings Account or TFSA is true to its name. It is tax free on all counts. The interest or income or capital gains created in the account are not taxed. When you take money out of your TFSA you pay no tax. Net, net, your money grows tax […]
Horizons makes a move to block the government’s tax grab.
Is this a game of chess? As you may know the The Department of Finance has its eye on Horizons swap-based ETFs that provide incredible tax efficiency for those who invest in taxable accounts. There is no income to be taxed. The ETFs are designed to replicate the total returns of an index such as […]
New research confirms Canadian investors can’t see fees not shown on statements.
Most Canadian mutual fund investors do not know the total fees that they pay, and they don’t understand the types of fees that they pay. That is the conclusion of a study conducted for the Ontario Securities Commission OSC. Yet on the Investment Executive site, it is framed as things are not so bad; it’s […]
Clear disclosure cleans up water heater rental scams. Why can’t the mutual fund industry do the same?
Last week I turned the kitchen tap to HOT and all I received was lukewarm water. I’m certainly not the world’s greatest handyman (my wife would be laughing if she actually read this blog, she doesn’t), but I knew it was likely the hot water tank. Sure enough I went into the basement and discovered […]
Instead of helping typical investors ravaged by fees, the government plays gotcha on total returns for the rich.
This was budget week in Canada. And government finances certainly get most of the attention and most of the ink. But there were some investment issues that made it into Budget 2019. Not the larger societal issue of Canadians paying the highest mutual fund fees in the developed world combined with the standard and unscrupulous […]