Canadians have more choices than ever to grow their investments in a tax-efficient manner through registered investment vehicles such as RRSP, RESP, RDSP, TFSA, and the more recent FHSA. Unfortunately, for most Canadians, maximizing all options is just not a realistic expectation.
As we prepare for the new year, tax planning is top of mind. We have outlined important dates and information to help guide you through tax season.
The concept of emotional time travel is important for investment strategy because we tend to be our own worst enemy when trying to predict the future.
Setting sound investment goals that marry your ability to assume risk with your willingness to accept risk, can overcome an unhealthy aversion to risk.
Behavioural finance expert Daniel Crosby shares that humans have a natural tendency to imagine the worst possible outcomes, which is not always constructive.
An overview of RRSP facts and the power of long-term compounding within tax-sheltered accounts.