Making The Right RRSP Choice

The RRSP deadline for Canadians that want to make a contribution is on March 1, 2018. That leaves just under 2 weeks away if you want to make a contribution this year. As RRSP goes, Canadians are making less and less contributions towards their retirement. In fact, as reported by the CBC, Canadians have been…

Becoming The Shareholder Class

Everyone bashes corporations for generating record profits. Each year corporate profits are getting higher and higher, yet costs to live keep going up and up and wages are not going anywhere. So what gives? Why are corporations allowed to keep profiting on the backs of the little guy? What benefit does it provide the little…

Be Fearful When Others Are Greedy

The stock market has rocketed off to a ridiculous start in 2018. In fact if it continued at this pace we would be looking at gains past 100% for the S&P 500. Of course, that prediction is absurd and that’s why with the latest run up we should be wary that this won’t last. The…

Has Investing In A House Lost Its Luster?

First they taxed the foreigners. Then interest rates were jacked up. Finally the Canadian federal government dropped the B-20 bomb. Even with these big three events, housing has continued to be the most sought after commodity in Toronto and Vancouver. Yes, I did say commodity, because over the years it has been treated as such,…

Should Rate Hikes Worry You?

This past week the Bank of Canada raised interest rates by another quarter point or 0.25%. That small change didn’t seem like much, but the Bank of Canada prime rate now sits at a measely 1.25%. Still low for historical reasons. The commercial banks followed suit with most major banks raising their prime lending rates…

Simplify Your Portfolio

When it comes to investing your money it can be a daunting task. There are so many options, there are so many opinions, and there’s so much media influence in the money world that it can often become so confusing that we do nothing. Doing nothing always seems like the most logical choice because it…

New Year’s Housekeeping

The new year is when I always like to start fresh and take a look at all my personal financial needs for the new year. This doesn’t just mean my investments, but a lot of other things too. Like are my insurance needs covered? Did I pay all my bills? Do I need a new…