What to do with a $5 million windfall
Recently a reader emailed me about a big windfall that he received. “Hi Bob, I recently received a pretty significant windfall… $5 million! To be honest, I’m not sure what to do. I want to …
Taxes
Growing your money by investing is great but what about taxes? How do we minimize taxes legally in Canada? Some effective ways to reduce your taxes so at end of the day more money goes in your pocket!
Does it make sense to invest US dividend stocks in TFSA?
Many Canadian investors know there’s a 15% withholding tax on US dividends. You can avoid this costly withholding tax if you hold US dividend stocks inside your RRSP, as there is absolutely no tax levied …
Should I overcontribute $2,000 to RRSP?
I have always enjoyed receiving emails from readers and connecting with like-minded people. Recently a reader asked me the following question: Does it make sense to take advantage of the $2,000 RRSP contribution buffer and …
High inflation rate & interest rates = recession? + Good reads from the PF community
The May consumer price index increased 7.7% from a year ago. Bloomberg estimates that the June inflation rate might be 8.4%! The actual June inflation rate was 8.1%, making it the fastest annual increase since …
Dividend tax drags – foreign withholding taxes for dividend stocks & equity ETFs
Lately, I have received many emails from readers asking about foreign withholding taxes. Some readers are wondering where they should hold US stocks that pay dividends, while some readers are wondering if it makes sense …
Evermore Retirement ETFs – Q&A with the Evermore Executive Team
In recent years, there are more and more new and innovative investment products available to Canadians. These new products, mostly in the form of ETFs, typically have low management fees and provide excellent sector and/or …
Dividend Income – Dec 2021 Update & 2021 Summary
Happy new year! I hope everyone enjoyed their holiday break and spent time with their families while staying safe and healthy. What a crazy year we had in 2021 eh? It’s hard to believe that …