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How To Diversify Your Investments In Canada
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…
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ETFs: What They Are And How They Work
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…
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Buying US Stocks In TFSA Explained
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…
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4 Things You Need To Know About A T4E
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…
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8 Tips To Save Money On Taxes In Canada
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…