Helping you make wiser investment decisions


How condo insurance works | MoneySense

Does condo insurance cover damage or injury in common areas?  Any damage in the common areas of your building, like the front entrance, party room or pool, is covered by the Homeowners Association (HOA) Insurance which your condominium corporation—and part of your maintenance fees—foots the bill for. “On top of that, [they] will likely have […]

Making sense of the markets this week: July 26, 2021

Inflation can be an accumulation or piling on of various and individual price increases such as the oil price spike of the 70’s. Today, many put forth the transitory inflation argument based on the fact that there are small pockets of inflation caused by shortages (supply shocks) and supply chain issues. Issues that might soon […]

How might inflation impact your retirement plans?

We can largely control the first two by maximizing the use of tax-effective vehicles like TFSAs and RRIFs, and avoiding high-fee investment solutions. Stocks and interest rates are trickier, typically addressed by ensuring that the traditional free lunch of diversification and asset allocation are commensurate with your financial resources and lifestyle objectives.  But what about […]

Investing inside a corporation: what you need to know

FPAC responds: Congratulations on your successful retirement! At a stage when most people are focussed on decumulation, you’re asking about establishing an approach for long-term, tax-efficient investing inside your corporation. Let’s walk through these important considerations: Investment decisions: robo-advisor or DIY—and ETFs or bank stocks? A robo-advisor is a great choice for automated, tax-efficient and […]

My three kids chose different educational paths. How do I withdraw RESP funds in a way that’s fair to them and avoids unnecessary taxes?

The typical RESP withdrawal strategy is to take out the maximum amount from the EAP in the first 13 weeks at the start of their post-secondary program, as this is the year when children generally have the lowest income, so it makes sense to withdraw the most at this point. You’ll want to look at […]

Book Review: The Day the Markets Roared

The Day the Markets Roared: How a 1982 Forecast Sparked a Global Bull Market. 2021. Henry Kaufman with David B. Sicilia. Matt Holt Books. The title of Henry Kaufman’s latest book focuses on a single date, 17 August 1982, but the contents range far more widely. Kaufman recounts his personal history, from fleeing Nazi terror […]

The Fed’s Blindspot on Global Inflation Drivers

What is driving the surge in inflation and how are central banks misplaying their hand? China: A “One-Country Check on Global Inflation” In “Monetary Policy in the Grip of a Pincer Movement,” Claudio Borio et al. discuss how the effects of globalization, particularly China’s entry into the World Trade Organization (WTO) and the collapse of […]

Can you receive a government pension if you live outside of Canada?

A. The Old Age Security (OAS) pension is based on residency in Canada. It differs from the Canada Pension Plan (CPP), which is based on contributions by employees and the self-employed.  Canadian residents must have lived in Canada for at least 10 years after the age of 18, be 65 or older and be a […]

Myth-Busting: Equities Are an Inflation Hedge

“I came of age and studied economics in the 1970s and I remember what that terrible period was like. . . . No one wants to see that happen again.” — Janet Yellen Introduction Inflation has dominated investing conversations in 2021. Many countries have rebounded strongly from the COVID-19 crisis and are experiencing significantly higher-than-expected […]

How to compare home insurance before you buy

Types of home insurance policies While you don’t need home insurance by law, like car insurance, your lender or landlord will often require it. Home insurance experts will tell you that the key to getting the best plan in terms of cost and coverage is to shop around and compare policy offerings from company to […]

Making sense of the markets this week: July 19, 2021

Given the widespread confidence in economic recovery, the bank will also ease up on its quantitative easing (QE) program. That is, they will ease upon or taper their bond-buying practice; it’s being adjusted to a target pace of $2 billion per week, down from $3 billion. A few weeks ago we looked at QE and […]

Compare the Best GIC Rates in Canada 2021

How to use this tool: Simply scan the table below to view GIC interest rates offered by financial institutions across Canada. Click on one of the tabs at the top of the table to focus on your choice of non-registered, registered, TFSA-eligible or U.S. GICs. Or, follow the prompts in the six fields at the […]