Qtrade is an independent discount brokerage which has done extremely well in the annual Globe and Mail brokerage rankings. After calling them a number of times, I can see one of the reasons. They are super quick to answer the phone. Related:  My Canadian discount brokerage comparison Overall impressions Qtrade has competitive fees for investors […]


When Did The TFSA Start?

by Mike Holman

The TFSA or Tax Free Savings Account started in the year 2009.  It was announced early in 2008 and financial institutions were allowed to accept account openings in December of 2008, but no contributions could be made until January 1st of 2009. Calculating your TFSA contribution room The start year of the TFSA program is […]

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When is the RRSP contribution deadline? The RRSP deadline for 2012 (tax year) contributions is midnight of Friday, March 1, 2013. 60 day RRSP contribution rules When you file your 2012 tax return, you have the option of claiming any RRSP contributions made during the first 60 days of the current year. In other words – any RRSP […]


Given that we are approaching the end of RRSP season, I thought it would be fun to dispel the most common RRSP myth that I see repeated over and over again in the media. Related – 2012 RRSP contributions limit and deadline Since the invention of the TFSA, there have been many articles written comparing […]


The maximum RRSP contribution limit for the 2012 tax year is $22,970. There are other factors in calculating the limit, so read on! Remember that the RRSP contribution limit applies to the previous tax year. Some rules to calculate your 2012 RRSP contribution limit Your RRSP contribution limit will be 18% of the previous tax […]


How ’bout them stock markets?  Hmmmm…not so good?  Well, whatever you do – don’t wimp out and switch your equities to cash, however tempting as it might be.  Why is that you ask?  To answer that I’m going to go into one of the main lessons of the Four Pillars of Investing – know the […]

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Time to take a look at the 2012 investment returns.  You can usually tell the performance by how early in the year this post appears.  When the market has done well, I can’t wait to calculate the return and see how much more money I have.  In bad years, I tend to delay performance calculation. […]


I read an article recently about a formula to calculate the true cost of owning an ETF.  The idea behind this formula was to capture all the costs of an ETF, not just the annual expense ratio or MER. Related: What are ETFs? – Exchange Traded Funds If you are trying to add up your […]