The Canada Pension Plan (CPP) is a vital part of many Canadians’ retirement income. For 2024, the maximum monthly benefit is $1,937.73. Yet it’s not likely most Canadians will ever see that amount of cash. Still, if you’re aiming to maximize your CPP payouts, understanding how the system works and employing specific strategies throughout your…
Image source: Getty Images Some folks are calling the recent rotation into mid-cap stocks the Great Rotation of 2024. Indeed, it was a historic and quite rare event to see the American mid-cap plays make up for lost time with robust one-week gains, even as the S&P 500 and tech-heavy Nasdaq 100 showed signs of…
Air Canada (TSX:AC) stock fell 8.7% in the second half of July when the airline reduced its 2024 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) forecast by a whopping $600 million. The revised forecast is $3.1 billion to $3.4 billion, compared with its previous forecast of $3.7 billion to $4.2 billion. Why did…
Building wealth inside a self-directed Registered Retirement Savings Plan (RRSP) is possible to do over a short period of time by hitting home runs on volatile stocks, but this is a very risky strategy to undertake with your retirement funds. Another popular approach involves buying top dividend-growth stocks and using the distributions to acquire new…
Semiconductor stocks were back at centre stage this week as shares popped across the board. There were a variety of reasons, ranging from trade exemptions in the United States to more earnings. So let’s get into those events – and one Canadian stock that stands to benefit. U.S. trade exemptions The Biden administration is preparing…
The artificial intelligence megatrend is here to stay, which suggests the time is ripe for investors to take advantage of a rapidly expanding addressable market. In this article, I have identified two cheap dividend stocks as part of the AI gold rush that are poised to deliver outsized gains to investors in the upcoming decade….
Image source: Getty Images When it comes to market-beating potential, one thing is clear. Investors need to know what market they are trying to beat. What you’ll usually see is the market refers to the S&P 500. But here, we like to focus on the TSX. In this case, investors will want to try and…
Image source: Getty Images Investing in high-yielding dividend stocks would be an excellent strategy for earning a stable passive income. Passive income could act as a hedge against rising prices and allow investors to reinvest it to earn superior returns. Meanwhile, you can buy the following three high-yielding, monthly paying dividend stocks for under $20….
Image source: Getty Images When it comes to your TFSA (Tax-Free Savings Account), it can pay huge dividends to think longer term. Indeed, too much trading within your TFSA could get you labelled as conducting business trading activities by the CRA (Canada Revenue Agency). The TFSA is meant to build wealth over the long haul,…
Canadians find the Registered Retirement Savings Plan (RRSP) a valuable savings tool to secure their retirement, although less than 25% can max out the contribution limits. The data is based on the survey results by Edward Jones Canada regarding the preference for and utilization of the RRSP. However, 49% of respondents still want to contribute…