When the RRSP actually beats the TFSA
In a recent post, we told you many reasons why the TFSA “wins” over the RRSP. Well, there are some cases in our opinion when the RRSP actually beats the TFSA as an investment account. Read on why the RRSP actually beats the TFSA for a few reasons in this updated edition of the TFSA vs. RRSP debate. The TFSA…
TFSA vs. RRSP – Why the TFSA wins
A quick search will highlight lots of articles that debate whether it is beneficial to invest inside the Tax-Free Savings Account (TFSA) or use the Registered Retirement Savings Plan (RRSP) for retirement. We’ll be blunt for today’s post: while it can “depend” we believe the TFSA wins over the RRSP for a few key reasons that every adult Canadian should…
Should you use an All-Weather Portfolio?
Stock market volatility can and will happen, which can really spook many investors. To help with that, should you use an all-weather portfolio for changing market conditions? Would an all-weather portfolio be best long-term? How would I build an all-weather portfolio using Canadian ETFs? Read on and find out our take, including the pros and cons of this all-weather investing…
Avoid These 5 Big RRSP Mistakes
The Registered Retirement Savings Plan (RRSP) is also one of our favourite accounts to build long-term wealth with, and the same should apply to you. On that note, it’s also an account that can trigger huge opportunity costs if not used wisely. For today’s post, we’ll share how you can avoid these 5 big RRSP mistakes – in your asset…
Avoid These 5 Big TFSA Mistakes
The Tax-Free-Savings Account (TFSA) is one of our favourite accounts to build long-term wealth with. It’s also an account that can trigger huge opportunity costs if not used wisely. For today’s post, we’ll share how you can avoid these 5 big TFSA mistakes – in your asset accumulation and asset decumulation years. Mistake #1 – Not using the TFSA for investing We…
Top Tax Tips for Retirees
We spend a lot of time on our site helping and talking to early retirees, semi-retirees and Canadians preparing for full-on retirement. A few tax tips and themes have emerged with all of those clients: What are some of those tax themes in preparing for retirement? What are some of the top tax tips for retirees? Read on, we’ve got…
TFSA Contribution Room and Limit, Penalties, and Everything in Between for 2022
The Tax Free Savings Account (TFSA) is a gift to all Canadians. I mean, who doesn’t love tax-free money or better still, money that grows tax-free?! I know we do – especially when you count for the fairly large TFSA contribution limit/room in 2022 if you are just starting today (more below). How much can you contribute to the TFSA?…
RRSP Deadline and Contribution Limit 2022, and Everything in Between!
Before we start, as quick reminder, the RRSP contribution deadline for 2022 is March 1, 2022. There are a lot of RRSP questions going around, especially during RRSP season. This is why we have this comprehensive post so you can find everything you need to know about the RRSP in one spot! What is an RRSP and how does it…
What is Inflation, Deflation, Stagflation?
In economics, experts love to use complex terms to explain simple subjects. Well, for today’s post, we’re going to break down what is inflation, deflation and stagflation in simple terms including what that means for you and me – the passionate DIY investor. Read on and let us know your thoughts! What is Inflation, Deflation, Stagflation? What is Inflation? At…
Top Bitcoin ETFs in Canada
There’s no question that owning crypto assets, including Bitcoin, is hot with some investors. Any crypto assets however can be very volatile, fraught with uncertainty, and to be honest – they might not pan out at all long-term. So, if you’re going to own Bitcoin, what are the Top Bitcoin ETFs in Canada? Should you even bother owning Bitcoin or…