Are you curious about how investing taxes are calculated on capital gains, dividends, and interest in Canada? I’m not a tax expert, but with tax loss harvesting season coming out, I figured it might be a good time to review some of the basics between how Canadian investment returns are taxed in your RRSP, TFSA, and non-registered accounts. Investing Taxes in an RRSP Let’s start with RRSPs. As you probably know, RRSP contributions and investment growth are taxable only upon withdrawal. A...| Million Dollar Journey
Because I’ve been writing about dividend investing for nearly two decades now, I get a lot of inquiries every month about the best Canadian dividend ETFs vs the best dividend stocks in Canada. Obviously Canadians love their tax-efficient dividend income. The consistency of having those dividend payouts hit their accounts allows investors to better control their behaviors and stay focused on the long-term. What the dividend ETFs vs individual stocks decision ultimately boils down to for mos...| Million Dollar Journey
Investing in Canadian REITs can help investors include real estate investments in their portfolios without radically changing their way of life. Sure, you can buy a property and become a landlord, but if that’s not your bag (or if you don’t have that kind of time, energy, and, let’s face it, cash), you can invest in Canadian REITs (Real Estate Investment Trusts) and gain exposure to the real estate market in bite-sized chunks. Canadian REITs are fairly easy to invest in, given that they...| Million Dollar Journey
I recently received an email from a reader with a bright financial future. They have a maxed out TFSA and has recently maxed out her RRSP as well. Here’s a snippet of the email below (edited for brevity). First of all, thank you for sharing your wisdom and financial journey. I love reading your blog and I learn so much from it! I was wondering if you could give some advice on where to put my money after maxing out my RRSP and TFSA contributions. I saw on MDJ that you like all-in-one ET...| Million Dollar Journey
Canada’s all-in-one ETFs (also called portfolio ETFs) have been the single most important investment product innovation since I’ve started writing about this stuff nearly two decades ago. The Vanguard, iShares, and BMO all-in-one ETFs are the perfect marriage of index investing strategy, convenience, asset allocation math, and behavioural safeguards. These ETFs - which are actually a collection of smaller ETFs - are so diverse that they actually include several of the Best ETFs in Canada,...| Million Dollar Journey
We review and compare Horizon's Total Return ETFs. Are Swap-Based ETFs a good investment?| Million Dollar Journey
When I first started writing about Canadian personal finance twenty years ago, my list of the best ETFs in Canada could fit on a napkin. There were no Canadian all-in-one ETFs, no catchy tickers, and definitely no slick marketing campaigns. ETFs were basically niche tools used by hardcore index investors and a handful of spreadsheet-loving DIY types. Fast-forward to today, and the landscape has completely changed. While I still hold a solid chunk of Canadian dividend stocks in my portfolio, l...| Million Dollar Journey
Current Qtrade New Customer Promotion Qtrade currently has the best cash-back offer on the market in an effort to get you to try their platform. In brief - they want to pay you $150 to open an account with them. Details: Amount in New Qtrade AccountCash Back$1,000-$9,999$50$10,000-$24,999$100$25,000+$150 In order to get your cash back, the minimum you have to invest is $1,000. The good news though is that your amount of “new net assets” can be spread out amongst multiple accounts. In o...| Million Dollar Journey