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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 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

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RESP Strategy

Planning a RESP strategy is similar to planning your retirement (including RRSP) but your timeline is shorter and the adjustment happens much earlier and it may not be enough time to be aggressive depending on your risk appetite. I have … Read more