Shrewd investors use compounding to make sure all their money works for them. Combine that with a sound plan, and you’re well on the way to success.

Nothing is certain in   Read More

Gift-giving season prompts Mark Goodfield (aka The Blunt Bean Counter) to look at some tax and other considerations regarding gifts to grandchildren.

Many grandparents ask me about the tax and practical   Read More

We advise you to use some contributions to a TFSA (Tax-Free Savings Account) to build an emergency fund. Then use the remaining TFSA money to invest in potentially very lucrative   Read More

You receive passive income through ventures that require little daily effort on your part and business activities in which you do not materially participate during the year. Mark Halpern, CFP,   Read More

You receive passive income through ventures that require little daily effort on your part and business activities in which you do not materially participate during the year. Mark Halpern, CFP,   Read More

RRSPs, RRIFs, TFSAs, PPPs, critical illness insurance, long-term care insurance, high-limit disability insurance, life insurance, joint-and-last-to-die insurance, charitable donations at death—no wonder we get so tired as we get older!   Read More

RRSPs, RRIFs, TFSAs, PPPs, critical illness insurance, long-term care insurance, high-limit disability insurance, life insurance, joint-and-last-to-die insurance, charitable donations at death—no wonder we get so tired as we get older!   Read More

RRSPs, RRIFs, TFSAs, PPPs, critical illness insurance, long-term care insurance, high-limit disability insurance, life insurance, joint-and-last-to-die insurance, charitable donations at death—no wonder we get so tired as we get older!   Read More

Now that people are living longer, it’s no surprise that one of the biggest concerns among aging Canadians is the genuine fear of outliving retirement savings. And most people would   Read More

Columnist Mark Halpern recently gave readers of The TaxLetter seven defensive strategies to consider in the ongoing process of estate planning. But he also urged readers whose wills and estate   Read More

Sometimes reading your financial plan is like staring into a bowl of alphabet soup. Abbreviations and acronyms float by and transmogrify before you can begin to read any sense into   Read More

‘Melt and cascade’ describes what happens to a solid ice jam on a hot summer’s day: a fixed form becomes a fluid, more dynamic element. Mark Halpern, a Markham, Ont.-based   Read More

Mark Goodfield, CPA, CA, LPA, is the creative force behind the popular blog The Blunt Bean Counter and author of Let’s Get Blunt About Your Financial Affairs. In his inaugural   Read More

You likely qualify for deductions when you file your income tax return. If so, some tax planning this month by properly filling in form T1213 Request to Reduce Tax Deductions   Read More

We used to communicate with the Canada Revenue Agency via paper or online forms. Now you can get social with the CRA via Twitter, e-mail, RSS feeds, YouTube and mobile   Read More

A great deal has been said over the years regarding investment management fees and mutual funds. Much of it revolves around how fund managers motivate and reward sales efforts. Until   Read More

Every month Money Reporter subscribers know where they can get the best GIC, RRSP, Term Deposit and Money Market interest rates in Canada.
GIC rates continued to fall following the Bank   Read More

Often a small mutual fund is able to outperform large funds by getting a couple of big winners early on. This may attract the attention of investors who can quickly   Read More

Putting money into your Registered Retirement Savings Plan, or RRSP, is a great way to start planning for your retirement. And there’s no better time to start thinking about your   Read More

If you’re like many people, you’ve rushed into your bank near the end of February and put as much as you could manage into an RRSP. You may have made   Read More

Writing in The TaxLetter, Mark Halpern, a Certified Financial Planner and Trust and Estate Practitioner with Markham, Ontario-based illnessPROTECTION.com outlined several easy ways to help you and your family find   Read More

Dividend Re-Investment Plans, or “DRIPs,” can assist you in building your wealth. You can instruct companies with DRIPs to reinvest your dividends into new shares. You can build your wealth   Read More

How much foreign content you choose to hold in your portfolio should depend on your investment objectives, time horizon and risk tolerance. But when you calculate your foreign content, remember   Read More

In every issue of the Money Reporter we provide you with a table of various interest rates. Along with this, we often provide a description of how these rates have   Read More

As we begin to approach the end of the calendar year, a common tax tip is to think about “tax-loss selling”. This refers to the strategy of triggering losses before   Read More

“If Winter comes, can Spring be far behind?” When Shelley wrote his famous poem “Ode to the West Wind”, he was looking forward to the gentler times of spring. Instead,   Read More

Watch the mutual funds you buy outside your registered accounts between now and the end of the year. Otherwise, you may find yourself on the hook for taxes if you   Read More

There is nothing more joyful than the birth of a child. It is a very emotional time for parents and grandparents as they make lofty plans for the baby’s future   Read More

Registered Retirement Savings Plans, or RRSPs, help you to save for a more comfortable retirement while deferring taxes – hopefully on more favorable terms – into the future.

But the investment   Read More

State Street Corp. provides big institutional investors with investment research, investment management, investment servicing and trading services. It recently reported on the cash holdings of individual investors. In Canada, individual   Read More

Thinking about what to include in your will? If you are like most people, your thoughts are probably focused on who gets what, and who will take care of the   Read More

For conservative investors, the urge to keep money in cash or the equivalent is hard to overcome, despite today’s low interest rates.

And yet, seeking safety in income-producing investments and cash   Read More

A 70-year-old, unmarried client came to see me last month, worried about an issue that’s common to many affluent Canadians.

He has accumulated $2.8-million in a RRIF and is now concerned   Read More

When it comes to tax planning, is obtaining a loan to purchase an RRSP a good idea?

“An RRSP loan can be advantageous if you have accumulated a significant amount of   Read More

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Rebalancing leads to trading costs. These include brokerage fees when you sell one investment and reinvest in another,   Read More