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 […]
Living off of the dividends to create retirement income.
Living off of the dividends in retirement is a popular concept and a very popular approach for many retirees. There is a comfort level that comes with not having to sell shares to produce income. But is it a wise strategy? Or does this leave money on the table? As many of my readers will […]
Retirement Funding: Making The Most Of GIS and CPP Benefits.
This is a guest post by invitation, from Graeme Hughes, PFP. Thanks to Graeme, this is a wonderful follow up post to The 3 Most Common Mistakes of Canadian Investors. Over to Graeme … Canada’s tax and benefits system is a convoluted tangle of programs, rules and exceptions that can be a genuine challenge to […]
Weekend Reads: What investors do wrong edition.
Let’s face it we all make mistakes. We’ve made them in the past and we’ll likely make them in the future. We’re human. On Seeking Alpha in of 2013 I bragged that I would never make another investment mistake. I probably made a few in the last several years, but most of minor concern. My […]
The TFSA is not working on Weekend Reads.
While the TFSA accounts are very popular that does not mean that they are being embraced or used to the fullest. This week Rob Carrick of the Globe and Mail penned TFSA’s have been a disappointment in getting Canadians to save more. Rob references a recent study published in the Canadian Tax Journal that looked […]
Will retiring baby boomers destroy the stock markets?
It’s a fear or suggestion that we hear repeated quite often. The massive cohort of retiring baby boomers will need to sell their stocks to create income and that will crash the stock markets. Or let’s just say it could cause a slow bleed, taking down or suppressing the stock markets over the coming decades. […]