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How To Maximize Your RRSP

Every year comes the RRSP season. Advertisements will be sent your way until we reach the RRSP deadline and I wanted to discuss how to maximize your RRSP. Financial institutions will want you to invest with them, or even offer … Read more

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RESP Explained – The Ultimate Guide

RESP, or Registered Education Savings Plan, is an investment account used by parents to save for their children’s post-secondary education in Canada.  There are many advantages for parents, as well as future students, for saving for college or university using … Read more

RRSP Over-Contribution

Optimize your RRSP

As the RRSP deadline approaches (before March 1, 2017 by the way), many look into optimizing their RRSP contribution for the year. Personally, I do the math as early as possible to understand how much I can optimize my RRSP contributions in … Read more

Questrade

How To Setup DRIP Accounts?

DRIP stands for Dividend Re-Investment Plan. It is the corner stone of Dividend Investing as it allows your portfolio to re-invest the dividends and provide compound growth for your investments. No hypothetical compound growth from markets either since you can … Read more

TFSA vs RRSP

TFSA Usage and Strategies

I was recently reading about high-interest savings account and their usage in a TFSA and it had me curious about the ways people use their TFSA. I personally have used my TFSA for investments as a partner to my RRSP … Read more

TFSA Explained – The Ultimate Guide

The Tax-Free Savings Account, or TFSA, is a special type of investment account that provides tax benefits for Canadians. The main tax benefit of this type of account is that investment income earned in a TFSA is not taxed upon withdrawal. It was … Read more