Do you want to earn tax-free savings account (TFSA) income that the Canada Revenue Agency can’t tax? It’s not the hardest thing in the world to do, but there are some mistakes that can lead to you forfeiting your account’s tax-free status. Over-contributing, holding private business shares in a TFSA, and day trading are all…
When it comes to long-term investing, the Registered Retirement Savings Plan (RRSP) isn’t the only account to consider. While the annual contribution may be much lower, the Tax-Free Savings Account (TFSA) offers long-term investors plenty of benefits. Why should Canadians be maxing out their TFSA? The TFSA is an excellent choice for short-term savings goals,…
This article first appeared on our U.S. website. What does up can come down. Investors are getting a taste of that adage right now. The Nasdaq Composite Index began picking up momentum in the fourth quarter of 2022 that carried over into last year and throughout the first half of 2024. However, the Nasdaq entered…
Do you fancy yourself a risk-seeking investor? Most people wouldn’t describe themselves that way, but depending on your investment strategy, it might accurately describe you. If you hold relatively concentrated portfolios of highly volatile deep value stocks and early stage growth names, then you probably have a higher risk appetite than most. In this article,…
Image source: Getty Images Earnings season continues, and it’s not just the Big Tech names that people should be watching. Especially for Canadian investors who continue to be so interested in dividend stocks. In fact, there was one real estate investment trust (REIT) that received some bad news this week, sending shares down about 4%…
Image source: Getty Images. A dividend yield of over 8% can double your money in nine years through dividend compounding. Now add to it a recovery rally of 25% to 40%. That is the total return of the TSX Composite Index in five years (40%). These dividend stocks could beat the market’s 4.5% average annual…
Image source: Getty Images. Warren Buffett said, “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” If you cannot see the future of a company in the long term, it is not worth investing. After all, the stock price is the expectation of the…
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…
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…