Are you ready to start building your wealth through investing in the stock market? Great! As a Canadian, you have access to a diverse range of options for buying and selling stocks. In this blog post, we'll go over the basics of how to start investing in stocks in Canada.
First, let's define what we…
Investing
TLDR: The RESP deadline for the tax year 2022 was December 31, 2022. The deadline for the current tax year 2023 is December 31, 2023. It’s not too late to start now, unless your youngest child turns 18 this year. Reminder: the plan must be closed by the time the youngest child turns 31.
Are…
As a resource-rich country, Canada has a significant presence in the global uranium industry. The Toronto Stock Exchange (TSX) is home to several companies that specialize in the exploration, mining, and production of uranium. In this blog post, we'll take a closer look at some of the top uranium stocks on the TSX and discuss…
Here are the top exchange-traded funds (ETFs) in Canada, based on assets under management.
Vanguard FTSE Canada All Cap Index ETF (VCN)
iShares Core S&P/TSX Capped Composite Index ETF (XIC)
BMO S&P/TSX Capped Composite Index ETF (ZCN)
iShares S&P/TSX 60 Index ETF (XIU)
BMO S&P 500 Index ETF (ZSP)
iShares S&P 500 Index ETF (XUS)…
TLDR: If you turned 18 years old in 2009 or before: $88,000.
As a Canadian, you've probably heard about the Tax-Free Savings Account (TFSA) and its numerous benefits. However, if you've never contributed to a TFSA before, you might be wondering how much contribution room you have. How you can maximize its potential is another…
The TFSA, or Tax-Free Savings Account, is a popular saving and investing tool for Canadians. It allows you to save and invest money without paying taxes on any earned income or capital gains. Sounds pretty great, right? But just like everything else in life, there are some rules and regulations to follow, and one of…
The short answer is no – as long as it meets the criteria for being your principal residence. Here’s why, and under which conditions.
As a Canadian, you may be wondering whether you have to pay capital gains tax on the sale of your home. After all, it's not uncommon for people to make a…
Are you a Canadian looking to secure your financial future? If so, you may have heard about something called a RRIF, or a Registered Retirement Income Fund. But what exactly is a RRIF, and how can it benefit you?
First things first, let's start by defining a RRIF. Simply put, a RRIF is a type…
Are you a first-time home buyer in Canada? If so, you may be eligible for the First-Time Home Buyers' Tax Credit (HBTC). This credit is designed to help offset some of the costs associated with purchasing a home. These costs include legal fees and land transfer taxes.
First things first, let's define what qualifies as…
Are you thinking about buying your first home in Canada? Congratulations! Owning a home is a big step and an exciting journey. One of the first things you'll need to consider is how much is the first-time home buyer down payment in Canada. The down payment is the amount of money you'll need to put…