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 […]
Checking in on our U.S. stocks on the Sunday Reads.
Eight years ago, I bought 15 U.S. dividend growth stocks as a real-life portfolio demonstration. More than a demonstration, it was the total value of our U.S. holdings in our retirement accounts. The strategy was to create a more defensive and retirement-ready portfolio. The portfolio slants to quality, profitability and business moats. The 15 stocks […]
The Canadian banks report on the Sunday Reads.
This past week the big Canadian banks reported earnings. It was a solid reporting season for the big banks. Profits are still healthy, though the banks are preparing for potential economic weakness as they increase their emergency funds for the potential of bad loans. When money is moved for those loan loss provisions, that takes […]
The tax-free first home savings account in Canada (FHSA).
The first home savings account goes live on April 1, 2023. It is a program to help first time home buyers save for a home, in tax-free fashion. The program can be used on top of the current Home Buyers Plan (HBP) that is part of the RRSP savings vehicle. We can also throw in […]