

Diversifying your investments is a key component of any successful investment strategy, and it's especially important for those who are heavily concentrated in natural resources. This can be a problem in Canada. Some people are even concentrated in natural resources without knowing it by having, say, a few key holdings in multiple sectors that are…

Exchange-traded funds (ETFs) are a unique, passive investment option that can help investors diversify their portfolios and maximize their returns. They offer the benefit of lower costs than mutual funds, as well as increased liquidity and tax advantages. In this article, we’ll discuss what ETFs are. Will will touch on how they work and why…

US stocks are securities that represent ownership in a publicly traded company. They are bought and sold on stock exchanges such as the New York Stock Exchange (NYSE) and the Nasdaq. Investing in US stocks allows individuals and institutions to share in the profits and growth of the underlying companies. This can provide both potential…

A T4E is a type of tax slip that is issued in Canada to individuals who have received employment insurance (EI) benefits or who have received certain types of income from the government. The T4E slip is used to report this income to the Canada Revenue Agency (CRA). That is the federal agency responsible for…

When you leave your employer in Canada, one of the things you may be wondering about is what happens to your employee pension plan. This is an important consideration, as your pension plan may provide a significant source of income during your retirement years.
The rules and regulations governing employee pension plans in Canada vary.…

Are you looking to rent out a secondary suite or basement apartment in Canada, but aren't sure if it's legal? It's important to understand the laws and regulations governing these types of rental units. Else, you may have potential fines or legal issues.
In this blog, we'll provide a clear definition of what constitutes a…

Estate planning is a crucial step in ensuring that your assets are distributed according to your wishes after you pass away. Unfortunately, many people make costly mistakes when it comes to estate planning in Canada. At Clever Banker, we like to write about costly mistakes others have made to help you learn from them (read…

Table of Contents 1. Take advantage of tax deductions and creditsThe Basic Personal Amount The Canada Child Benefit The Age Amount The Disability Amount The Medical Expense Tax Credit 2. Use Registered Savings Plans 3. Consider tax-efficient investments 4. Keep good records 5. Claim work-related expensesTools And Equipment Uniforms And Clothing Travel And Transportation…

Constellation Software is a company that specializes in acquiring, managing, and building specialized software businesses. The company's business model is centered around acquiring niche software companies, helping them to grow and expand their operations, and then managing them as part of its portfolio. This allows Constellation Software to generate revenue from a diverse range of…

It's a common question many people face: should I pay off my debt or invest my money? The answer isn't always straightforward, and it ultimately depends on your individual financial situation. In this blog post, we'll explore the pros and cons of both paying off debt and investing. We will also provide some guidance on…