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Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Investing and Personal Finance
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
As I’ve complained many times over the years, I bought some LSIF (Labour Sponsored Investment Funds) many years ago. These were the worst investment ever. High fees, crazy redemption schedules and poor performance add up to a bad investment. They had great tax breaks at the time, so I committed the cardinal sin of letting [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Are you willing to invest in oil company stocks if you had the money? A new poll commissioned by Edward Jones revealed only 23% of Canadians would! Whereas Calgarians were most likely to invest in oil at 40%, Quebecers were the least likely group at 10%. Why? Why are 77% of Canadians not interested in [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
This post has been written by Mike from Green Panda Treehouse. He is a financial planner and run several finance blogs within his online company. If you like this post, make sure to stop by Green Panda Treehouse and subscribe to his RSS feed. When I contacted Mike to write a guest post at Money [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I’ve previously posted about if passive income really exists. Whether or not it does, as viewed from the personal finance community at large, there is a rabid interest in it. I can understand the appeal, some work is done setting things up and result in the creation of a “financial perpetual motion machine” that throws [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I recently did a review of ShareOwner discount brokerage, which promotes regular dividend stock purchases. One thing that came out of that review, is that regardless of how cheap the trading costs are – regular purchases of stocks are quite expensive. In this post, I’m going to discuss some strategies to buy dividend stocks (or [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
This post is a review of Canadian ShareOwner Investments Discount Brokerage, otherwise known as “Share Owner”. I’ll be looking at the costs and comparing various scenarios with the cheapest Canadian discount brokerage Questrade. What is Share Owner? Canadian ShareOwner Investments is a different type of discount broker. It is the only broker that allows you [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
One of the complaints often heard about the investment industry is lack of disclosure about compensation. It is up to clients to ask their financial adviser how they are compensated, and even then it might be difficult to verify if the adviser is telling the truth. The reality is that compensation has a huge impact [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Yesterday Mike reposted an old blog post from my previous blog. Commenter Adam correctly pointed out that it was quite muddled, to the point of almost being unreadable. As a gesture of atonement, and to hopefully prove I’ve learned a thing over two over the last three years, I want to take another shot at [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
There are two ways to make money with stocks: Appreciation (the difference between the purchase price and the sale price). Otherwise known as capital gains. Dividends (regular cash payments the company sends you a check for or which get deposited into your brokerage account). Most investors seem to focus exclusively on speculative gains (the appreciation), [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
My parents are in the process of getting their RRSP accounts converted to RRIFs (Registered Retirement Income Fund) since they are turning 71 this year. After answering a few of their questions I thought I would do a post covering some of the basic rules and strategies of converting a RRSP account to a RRIF account. [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
The tax free savings account (TFSA) has been available to Canadians for a while now. One of the benefits of being a year older is that you now have another $5,000 of contribution room available to invest in your TFSA. If you turn 18 this year, your contribution limit is $5,000. If you turned 18 [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
This is a quick post to tell you that once again the RRSP contribution deadline for this year is March 1, 2010. I’ve created separate pages for RRSP contribution deadlines and contribution limits which you can see here: RRSP deadlines RRSP contribution limits In the RRSP deadline post you can look up the contribution limits [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |