Im sure this could go in investing but here I go Im trying to look into investing like stock market, but im not interested in putting 1k or 10k in it. I know that if I don't invest a lot I won't get alot Right now I think we are kinda ...
... a pre-construction property. However, at the end I was able to qualify for the mortgage amount I needed for the pre-con. At this point, can I invest the 100k and deduct the mortgage interest? Would the CRA be critical because I also purchased a property in the same tax year? What can I do ...
... 282k , property price is around 560k , will be coming up for renewal/ refinance in April 2021 ) as I am sitting on some 125 k cash or should I invest this cash as down payment to buy another property looking at low interest rates. Also what should be approach for buying second property -precon ...
Dec 24th, 2020 5:16 pm
Invest $2,500 in a new RRSP or TFSA and get $100Last year, TD had listed specific qualifying investments and timelines for how long the account should stay open but no such information this time
Dec 24th, 2020 12:37 pm
Hi Everyone, Its my first post to this section so please forgive me if I make any mistakes! I don't understand finance whatsoever and have not made the wisest decision - basically for years have let money sit doing nothing. So here it goes. I have about 65k in a mutual fund account under TFSA so its...
Hi Which companies you would invest in for the next 10-15 years. Companies which are stable, secured, have growth potential, good management, worry free etc. I know there is no guarantee and things can be changed but for some good companies ...
How do you all determine how much you put into your retirement accounts? Do you just put 15% and call it a day? or Just up to the company match? Or do you have a number in mind (ie. $2 million) and just work backwards from there? I hear a lot of people say put in atleast 15% into retirement accounts...
Dec 10th, 2020 5:38 pm
Noob here. I'm looking to change my wife's RRSP mutual fund from a low-risk one to a medium risk US Index fund to increase her returns. I identified the bank's fund code for the US index fund but they are saying that we need to open a US mutual fund account. Is this true?
As mortgage rates are very low, would it be wise to take out a larger mortgage and use that extra money to invest into a mutual fund which has a greater rate of return? Is this a common strategy? For example, I am looking at buying a home and saw that CIBC was offering a 4 year ...
Nov 29th, 2020 3:01 pm
WTF is wrong with these guys? Need to start a SIP, got hold for almost 2 hours, then automated msg saying there is technical difficulty and auto hangs up. God damn it these guys are terrible. Has this happened to anyone? I mean they open at 7 and i called at 8...argh.
Nov 26th, 2020 10:22 am
I bank with TD, Is a TFSA a good idea? So many choices.Edit/ 500$ per month for the next 5yrs.
Nov 21st, 2020 10:19 am
Does anyone know when I am transferring my investments to another bank, where will the transfer fee be taken out of? Will it be taken out of the investment account that I am transferring, or from my TD chequing account? Thanks!
Nov 13th, 2020 4:08 pm
Right after we moved I called HSBC direct to have them change my address. Wasn't done. Tried again last month as our CP redirect is ending. They said it was done, it wasn't. I then get a letter from them saying I haven't filled in my "W8BEN" form and will have to pay taxes on my US investments. Have...
Nov 12th, 2020 9:05 am
NEW CLIENTS ONLY Invest more, earn more! Get cash up to $2,000 when you invest in a new Self-Directed account. Offer tiers table You invest You get: $50,000 - $99,999 $100 $100,000 - $249,999 $250 $250,000 - $499,999 $450 $500,000 ...
Nov 5th, 2020 9:13 am
... Changing my brake pads and rotors with a break flush for a 2017 mazda 3 Mexico is $500 at my mechanic. Wouldn't it be better for me overall to invest in the tools to just do them myself?
Oct 14th, 2020 4:31 pm
Their portfolios suck for multiple reasons (e.g. investor with 40+ year horizon can't invest in 100% equities - lolwut?!) but hey, it's an easy 20% ROI. You can withdraw after 180 days according to the fine print at the bottom. This money was going ...
Oct 8th, 2020 9:22 pm
Was just offered 1.59% on a 5 year fixed conventional mortgage. WTF. My house is paid off, I'm considering taking out a $400k mortgage to invest in a combination of indices and dividend growth strategies for the next five years. With interest being deductible as well, it seems like an ideal ...
Oct 2nd, 2020 12:38 pm
I saw this on the Air Miles app. Receive 400 Bonus Miles when you open and fund a new Wealthsimple Invest account (min. $1000 deposit in the first 90 days). Offer is only applicable to new WealthSimple clients. Participants must keep $500 in their account for 6 months from ...
Oct 1st, 2020 6:49 pm
I'm interested in BIP stock.Safe to buy now or wait a bit more during US election? (Oct/Nov)
Sep 13th, 2020 4:51 pm
Hello everyone! I cashed out my RRSP and TFSA mutual funds and want to invest the funds into a combination of individual stock and ETFs. The basic dilemma I am facing is whether to invest them in CAD or USD (after conversion). In which currency do you invest ...