Contributing to your Registered Retirement Savings Plan (RRSP) is a smart and savvy way to save thousands of dollars every year by reducing your taxable income. If you earn income (YAY), then you can contribute up to 18% of it to an RRSP and any unused contribution space rolls over to the next year. The [...]
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It’s time to move from the light and face the dark. Let’s turn to the dark side. No, I’m not squawking about Pink Floyd’s Dark Side of the Moon or turning to Star Wars for The Force. (Although both would make exceptional Halloween costumes, snicker).
Since last week we boasted about our Best Financial Decisions, let’s [...]
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I’m a bit of a fan of exchange traded funds (ETFs) and have been a keen investor in them for years. So when a reader emailed me asking about investing in inverse ETFs during a bear market my interest was piqued.
Since the market has gone bonkers, or argumentatively into a bear or recession position, some [...]
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It’s Squawkback Wednesday. The “hump day” of the week where I squawk a question and you comment back. This past week was one of economic uncertainty. During these times of stock market swings and billion dollar bailouts, lets look at the positive side of life and consider our best financial decisions.
Where have you excelled [...]
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Just a quick reminder to Canadian readers ehh! Tomorrow (Feb 29) is the RRSP contribution deadline for those looking for a break on their 2007 taxes. I really cannot think of a better way to celebrate leap year than with a nice tax break and an investment in your retirement. If you’re stuck and unsure [...]
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I’ve gotten a few questions from friends and readers asking me “Where should I put my RRSP?” Since I’m a manic maxer and contribute fully to my retirement plans in January, I kinda forgot the RRSP deadline is this Friday (February 29th, 2008). But to help you out, I’ve listed some RRSP [...]
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I want to cry. I want to scream. Royal Bank of Canada (RBC) just bought Phillips, Hagar & North (PH&N), the company where I invest my retirement account.
I moved my account to PH&N several years ago to take full advantage of PH&N’s LOW LOW LOW mutual funds fees. Keeping fees low is very important [...]
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