Investing

Sometimes, when people hear about earnings, finance, savings, and investments, they get nervous because of one thing — Taxes! They can be that scary, probably because they’re unavoidable and hard to calculate. A study showed the average Canadian family pays over 40 percent of their income on taxes.Don’t want to be a part of this statistic? We don’t blame you. So, is it possible to get tax efficient mutual funds in Canada?Of course, it is. If you want to invest in mutual funds, but the fear of taxes is holding you back, this article is for you. Below, we’ll look at various tax efficient mutual funds in Canada and how you can add them to your portfolio today. Why Does Tax Efficiency Matter With Mutual Funds? Tax efficiency is not just important for mutual funds. It cuts across every form of income and savings plan. Imagine you calculate your gross income and arrive at a huge amount, only to deduct

Investing in treasury bills in Canada is always a smart move, and it’s easy to tell why. These investments are backed by the credit of the Canadian government.This means both your principal and interest are guaranteed. They also offer liquidity and stability. These features make treasury bills a type of low-risk investment option. If you’re considering investing in treasury bills but are not sure if you’re on the right track, we’ve got you covered! Here, we will provide an overview of treasury bills in Canada.We’ll discuss their current rates, how they compare to other investment options, and how to buy them. With this information at your fingertips, you’ll be able to determine whether they are a good fit for your investment portfolio. What are treasury bills in Canada? Treasury bills, commonly known as T-bills, are short-term debt securities. They are issued by the Canadian government to finance its operations.Essentially, when investors buy T-bills, they are lending money to the government.

Are you tired of missing out on great investment opportunities in the stock market? Do you want to make informed investment decisions that align with your goals and risk tolerance?Then understanding the different types of stock orders is essential. In the stock market, orders are used to buy and sell stocks, helping you navigate the stock market confidently. In this article, we will explore the most common types of stock orders. From market orders to limit orders, and stop-loss orders to buy-stop orders with real-life examples. If you’re ready to take the stock market by storm, keep reading! What is a Stock Order? A stock order is a request by an investor to buy or sell a specified quantity of a particular stock at a certain price. It is an instruction to a broker or an online trading platform to execute a trade on behalf of the investor. The various types of stock orders possess unique features and functionalities. They

The price-to-earnings ratio, or P/E ratio for short, is no doubt a valuable metric for assessing whether a stock is undervalued or overvalued. But, let’s get to the big question, what’s a good P/E ratio? The subject of what a good P/E ratio is remains somewhat controversial. This is because, contrary to popular belief, a low price to earnings ratio is not the best for gauging a stock’s profit potential. As a matter of fact, it can be an indicator of declining fundamentals. Moreover, a stock’s price is usually a function of the market’s perception, which sometimes is based on emotions. Despite these shortfalls, experts believe that the lower the price to earnings ratio, the better the investment. If you’re curious to know what a good P/E ratio is, then continue reading. What is the P/E Ratio? Before we discuss what’s a good P/E ratio, let’s define the price to earnings ratio. This will help you understand why we care

You’re getting ready for your trip to New York, but you realize you forgot an important step: USD. Sure, you can pay with your credit card — but what if you need some cash? So you run over to the local Forex shop or your nearest bank, and somehow, your new USD doesn’t add up to Google’s prediction on the exchange.What gives? Maybe you chat with a financial advisor, but it’s not about your spending habits — it’s the fact that currency exchange isn’t free. Currency exchange is a business model, and exchange platforms usually charge a fee around 2.5%. Even banks like RBC who boast “no fees for our clients” will take their cut through a higher exchange rate that doesn’t give you as much money back.Norbert’s Gambit is a strategy that helps you keep more of your hard-earned dollars amidst sky-high currency exchange fees. We’ll walk you through the strategy, when to use it, and how it helps

One of the most highly discussed topics in Canadian personal finance right now is the housing market. And for good reason – there’s a lot of volatility and rapid changes occurring within the market. But the question remains, is there a housing crisis in Canada? And if there is, what’s causing it and how can Canadians navigate the problem? In this article, we’ll explore the nuances of the housing market and put it into terms that can be easily understood. Continue reading to learn more. Is Canada having a housing crisis? Technically speaking, Canadian officials have not declared a housing crisis in Canada. However, the biggest mistake in any crisis is failing to recognize that there is a crisis. In addition, most economic crises are discovered in hindsight, not while they’re happening. Or sometimes they’re discovered when chaos ensues, like we saw with the 2008 Financial Crisis. As with any widespread problem, there usually isn’t one single cause, but rather,

If you’re an investment enthusiast, you may be familiar with the term “risk diversification.” It’s one of the basic principles of sound investing. But, what is risk diversification exactly? There’s an age-old saying, “do not put all your eggs in one basket.” This is typically the idea behind risk diversification. It emphasizes sharing your investment across various financial instruments and investment vehicles. This way, you can ensure you don’t lose everything if an investment performs poorly. In this article, we’ve answered the question, what is risk diversification along with covering some effective strategies. You’ll also learn how diversification impacts your investment portfolio. What does diversification of risk mean? Diversification of risk means investing across a variety of assets, categories, and industries. It is an investment strategy that seeks to help investors manage potential risks. Generally speaking, there are two forms of risks associated with investing. These include specific risks and market risks. Specific risks are particular to an investment, a

The introduction of the Tax-Free Savings Account (TFSA) in 2009 was more than a gift from the Canadian Government. Canadians can now make investments without worrying about the burden of taxes. TFSA mutual funds, however, introduce a new class of benefits to consider. You can invest in a wide range of investments instead of a few stocks and bonds. What’s more? You can withdraw money from your mutual funds TFSA tax-free. It’s a good way to grow a diversified investment portfolio with little tax impact. Yet, if you’re considering putting mutual funds into your TFSA, it’s best to pick options that offer higher interest and other perks. Read on to discover the top five TFSA mutual funds in Canada and what makes them exceptional. Can TFSA be invested in mutual funds? Yes, you can invest in mutual funds through your TFSA. In fact, you can invest in an array of investments through a TFSA, including stocks, bonds, GICs and more.

Cryptocurrency is one of the most exciting pieces of technology to come out of the 21st century. As soon as the value of Bitcoin exploded in 2011, then again in 2013, it seems like everyone jumped on the crypto bandwagon. Today, there are many cryptocurrencies available, but Ethereum is currently number two after Bitcoin. For this reason, ETFs backed by Ethereum have become available in 2021. In essence, Ethereum ETFs, or other crypto ETFs, are mainly backed by a cryptocurrency. If you’re interested in buying an Ethereum ETF in Canada, continue reading to learn more about the investment and which options are best for your portfolio. What does an Ethereum ETF mean? First things first, ETF stands for exchange-traded fund. These are investment funds that are publicly traded on a stock exchange. ETFs can be backed by any asset, such as cash, stocks, bonds and even cryptocurrency. Many investors pool their money together within an ETF and the money is

Technology is one of the largest industries in the world. In fact, IBIS World listed consumer electronics manufacturing as the number one industry by employment in 2023. For this reason, you might be considering investing in technology, specifically tech ETFs. Investing in tech could be for both profitability and personal interest reasons — we Canadians love our tech! In this article, we’ll explore what a tech ETF is, things to consider when investing and our list of the best tech ETFs in Canada. Keep reading to learn more! What are Tech ETFs? First, let’s talk about ETFs. An ETF stands for an exchange-traded fund. Like stocks, ETFs can be bought and sold on a stock exchange. Although, when you buy an ETF, you’re not purchasing a share in a specific company like you would be with Apple or Spotify stock. Rather, you’re buying a share of a basket of different assets, such as stocks, bonds, cash reserves, commodities and more.

Are you interested in buying into a GIC? Before you do, it’s important to consider the guaranteed investment certificate advantages and disadvantages. Overall, GICs are safe, reliable investments, but that doesn’t necessarily outweigh the cons. On the contrary, GICs have low returns which often fail to keep up with inflation. Ready to learn more? Continue reading to understand all of the advantages and disadvantages related to guaranteed investment certificates! What is a Guaranteed Investment Certificate? A guaranteed investment certificate, or GIC for short, is a deposit investment sold by Canadian banks and financial institutions. GICs are known to be low risk and reliable investments. In addition, they provide a fixed rate of return. They are also insured by the Canadian government which means your investment is quite safe, hence the term “guaranteed”. When you decide to invest in a guaranteed investment certificate, you’ll put forward a lump sum of cash. Your money will be locked into the GIC for the

Personal finance is all about devising and implementing strategies surrounding earning, spending, investing, saving and debt. One effective methodology that has stood the test of time is the diversification strategy. These tactics have been used by pretty much everyone concerned with finance from the small business owner to the 9-5 employee to the corporate tycoon. But what is diversification strategy in personal finance? Continue reading to find out! What is Diversification Strategy? Traditionally, diversification strategy is a term used in business. It is a practice that involves adding products or services with the intention of growing. However, the same concept applies in personal finance. For instance, by expanding the types of income you earn, you’re partaking in a diversification strategy. Or, if you own a variety of investments among different industries and risk levels, then you’re applying the concept of diversification. All in all, if companies can grow their wealth using a diversification strategy, you can do the same! Whether

Investing in exchange traded funds (ETFs) can be a great way to diversify your portfolio and capitalize on strong yields without taking on excessive amounts of risk. If you’re considering investing in ETFs in Canada, you’ll want to ensure the funds offer good capital appreciation potential and a stream of income. Fortunately, there are high yield ETFs in Canada which can help you achieve these goals! To help narrow down your choices, we’ve put together a list of 7 high yield ETFs for Canadian investors. By using this list, you’ll have one less thing to research so you can begin growing your wealth with confidence. Read on for our detailed assessment of each fund’s key characteristics, upsides and challenges, as well as some pro tips from top financial advisors. Related Reading: Bonds in Canada: A Complete Guide What is a high yield ETF? A high yield ETF, also known as a “junk bond ETF” in slang, is a type of

Starting to invest can be daunting. There are many types and classes of assets you can invest in, with one being stocks. Making the decision to invest in stocks is the first step, but then you also have to decide which companies to actually put money into. There’s so many metrics, ratios and numbers to consider — it can make anyone’s head spin! In this guide, we’ll explore 10 of the best stocks for beginners in Canada. These stocks have reliable returns and have a healthy history making them ideal investments for newbies. Continue reading to learn about investing basics and take a peak at the list! Related Reading: 5 Best Green Energy Stocks in Canada Investing 101 Before diving into the world of stocks and the best stocks for beginners in Canada, it’s helpful to consider some investing basics. It’s always wise to know a thing or two about potential investments before putting up the cash. Let’s take a

Inflation dwindles cash savings over time, so investing is paramount for financial freedom. But with so many investment options, it becomes difficult to pinpoint the right ones. Of course, you can’t put all your eggs in one basket. That’s where diversification comes in, to minimize risk and protect your investment portfolio. As you consider investments, you may have come across physical gold and gold ETFs. Two wildly different options, yet both with unique risks and benefits. So, is it better to buy physical gold or ETFs in the gold industry? In this article, we’ll uncover the difference between ETFs and real gold as investments to help you decide which might be more ideal in your portfolio. What is the difference between gold and gold ETFs? Gold is one of the world’s most precious metals, found all over the world in hot rocks, quartz veins, and gravel deposits. It becomes heavy with weight, but it’s one of the most malleable metals,

As the price of gold continues to rise, investors are looking for the best way to buy this precious metal. One option is to invest in gold stocks. However, there are also gold ETFs and physical gold. Investing in gold stocks can be a great way to add diversity to your portfolio and protect yourself from market volatility. But with so many options available, it can be hard to know which ones are the best. In this blog post, we’ll take a look at some of the best gold stocks in Canada and explore why they might be worth investing in. If you’re thinking about adding some gold stocks to your portfolio, keep reading for some helpful tips! What are gold stocks in Canada? Gold stocks are shares of businesses that revolve around mining and selling gold. Physical forms of gold, such as bullions, coins, or jewelry, are not what you’re investing in when you put your money into a

As an investor, there are a variety of opportunities available to you in Canada to grow your wealth. Whether you’re looking for stable income investments or growth-oriented options, this country has something to offer everyone. In this post, we’ll take a look at some of the best investment ideas in Canada right now. So, whether you’re a seasoned investor or a beginner exploring your options, read on for inspiration! Investing in Canada: An Overview Canada is a great place to invest considering it’s reliable economy and opportunity for growth. The country has a strong banking system and a well-developed infrastructure. Thereby making it an attractive destination for foreign and local investors alike. In addition, there is a plethora of investment ideas in Canada that you can access. Let’s take a closer look at investing basics in Canada before we get into investment ideas. Why is investing important? Investing is an important part of financial planning. It can play a pivotal

As the world becomes increasingly conscious of climate change and the environment, it’s important to invest in stocks of companies that prioritize sustainability. This is especially true if you’re passionate about environmental issues. Investing in what you believe in is important! Luckily for Canadian investors, there are a number of excellent green energy investments to choose from. In this blog post, we’ll take a look at some of the best green energy stocks in Canada. If you’re looking to make your portfolio more sustainable, be sure to read on! What is green energy? Green energy refers to any form of renewable energy that is produced and consumed with minimal impact to the environment. This includes a wide range of sources, including solar, wind, geothermal, hydropower, and biomass. Solar power is the most well-known sustainable resource, as it captures and distributes energy from the sun’s rays. Wind turbines convert the kinetic energy of wind into mechanical or electrical power. Geothermal energy

Canadians have two main sources of income they must declare and pay taxes on. Income from employment or self-employment are the most common. But another type of income is dividends, which is a form of investment income. In Canada, there are eligible vs non-eligible dividends and each has its own tax implications. Do you have a few Apple or Tesla stocks? Or maybe blue-chip stocks, shares in stable businesses like banks?Every month, quarter or year, you might earn dividends on your shares. Depending on the size of your portfolio and what kinds of stocks you own, the amount of dividends you earn can vary a lot. Here’s the thing: dividends are taxable. We’ll walk you through eligible and non-eligible dividends, what you owe for taxes, and how to avoid paying as much of those taxes as possible. Let’s start with the basics: What is a dividend? A dividend is a lump sum profit you earn from your owned shares in