This post was inspired by Rhys Martell the founder of Well Built Wealth. Rhys does a wonderful job of educating Canadians on all things retirement. I’ve learned a bunch from Rhys and several other advice-only planners. Rhys offered a video (shown below) offering six ways we can lower our taxes in retirement. While it’s a […]
Going for growth in your portfolio. A few “growth kickers” to consider.
The author discusses using a TFSA account to hold growth-focused ETFs, including AI and uranium funds, while advising that RRSPs should generally be prioritized for tax benefits. The hybrid TFSA approach combines growth investments with emergency funds, allowing flexibility for expenses. The analysis emphasizes the potential for significant returns despite market volatility.
How much is in your TFSA? Plus, the Sunday Reads.
The Tax Free Savings Account (TFSA) is one of the greatest gifts to Canadians. While misnamed, the TFSA is true to its name. It is tax free in every way. While the money that goes into your TFSA is after-tax money (you’ve already paid tax to create the funds), the TFSA account continues to grow […]
How much do you need to invest to become a millionaire?
There was a time when becoming a millionaire was a big deal. That meant that you were “rich”. These days, becoming a millionaire might be commonplace for an investor with modest or reasonable free cash flow to invest. Most of us should become “rich”. But of course, a million dollars ain’t what it used to […]
RRSP season and retirement in focus, on the Sunday Reads.
RRSP season is typically a period when Canadians make significant contributions to their portfolios. This year you have until February 29th to make an RRSP contribution that you can apply to reduce your taxable income for the 2023 tax year. I’ve updated the RRSP season post on Cut The Crap Investing. You’ll find a link […]
Investing in Canada on the Sunday Reads.
Happy Canada Day long weekend to those who celebrate. And celebrate we should. While most of us will have some “suggestions” about how to make things better, we should first admit that we won the lottery when it comes to the passport we hold. Canada is a wonderful place to live. The true north strong […]