Investing can be intimidating for beginners who do not have a lot of initial capital. It might seem like all the great companies you want to invest in have expensive stock prices. On top of that, in Canada, the big bank brokerages are known for having high trading fees. Luckily for you, it is now ... Read more
Filing taxes is something most people have to do in Canada. But what if you don’t have any income to report? You still may have to file your return. And even if you don’t, it could be worth your while. You may be able to claim several tax refunds even without income. Here’s everything you ... Read more
Options trading is often seen as a complicated and advanced trading strategy. While there is a learning curve, trading options can provide a consistent flow of income and even act as a hedge against market volatility. In Canada, options trading has historically been accompanied by high contract fees. Recently, one of Canada’s best discount brokerages, ... Read more
In Canada, investors have always been used to trading during the hours when the markets are open. The TSX and the major American exchanges like the NASDAQ or the NYSE are open from 9:30 AM to 4:00 PM EST. Today, some of the major brokerages in Canada are now offering the ability to participate in ... Read more
Credit unions in Ontario have grown in popularity over the years. With over 70 different credit union institutions operating in Canada’s most populous Province, many people are realizing the benefits of using one instead of the Big 5 Canadian banks. On the surface, the financial services you receive from a credit union are nearly identical ... Read more
In Canada, the real estate market and mortgages are always hot topics of discussion. The current landscape is dominated by the big five banks, but there are plenty of credit unions in Canada that offer competitive mortgages as well. Meridian Credit Union is a well-established credit union in Ontario, operating 89 branches around the Province. ... Read more
The TFSA, or Tax-Free Savings Account, is a Canadian investment account introduced in 2009. As its name suggests, any dividends, capital gains, or interest earned are tax-free. Originally, the TFSA was introduced to help Canadians save throughout the high-earning part of their lives. While the RRSP was and remains a popular way to save for ... Read more
The RRSP, or Registered Retirement Savings Plan, has been a staple in the Canadian financial industry since its introduction in 1957. Even with the introduction of the TFSA in 2009, RRSPs continue to be a popular way for Canadians to save and invest for their retirement. Contributions to RRSPs are known as tax-advantaged. This means ... Read more
If there’s one thing I always recommend for new Canadian investors, it is to continue to learn and educate yourself in the world of finance. How can you do this? Watch YouTube videos, listen to podcasts, and of course, read some of the best books on investing. Reading books is not only a great way ... Read more
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