The CSA recently put in place a ban on Deferred Sales Charge mutual funds. Ontario decided to not go along with the plan. The regulatory environment can be more than complicated. Given that, I asked investor advocate Ken Kivenko to provide a concise update on the Deferred Service Charge ban in Canada and Ontario. Take […]
Financial literacy. Know how to spot investment sharks.
November is financial literacy month in Canada. At the core of financial literacy is developing an awareness of sensible budgeting, saving, insurance and investment practices. Cut The Crap Investing will certainly provide posts on those topics this month. But awareness will also mean knowing how to spot a shady sales pitch. The following is re-posted […]
It’s Halloween, I’m going out as a Canadian mutual fund.
Yup it’s time to scare the kids. It’s Halloween. Well except in Montreal and other parts of Quebec where they’ve postponed Halloween. Be safe out there kids. But my hope is to scare the parents with my Canadian mutual fund costume. I’m still working out the details for the costume. And it’s not the mutual […]
Weekend Reads: Misery loves company. Canada has competition in the land of mutual fund fees.
Morningstar recently released its bi-annual Global Investor Experience Study: Fees and Expenses. The news is still not good for Canadian investors but there is some slight improvement. Canada is still of the worst with respect to mutual fund fees, but they’ve handed the trophy over to Italy and Taiwan. As they say misery loves company. […]
Weekend Reads. Canadian Markets Hit All-Time High.
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 […]