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Is there any way such as Stocks or Mutual funds for Real Estate?
May 24th, 2023 11:33 am
For those doing the Smith Manoeuvre, how much of your available HELOC balance have you actually withdrawn and put to work via an investment in equity markets, rental property or something else?
Feb 26th, 2023 5:07 pm
Wealthsimple is offering institutional grade private credit targeting 9% returns. Get paid monthly. Diversify your portfolio with an asset class previously reserved for the ultra-rich, with as little as $10,000. Any opinions?https://help.wealthsimple.com/hc/en-ca/articles/11236655222811
... disbursed on education when the beneficiary is in school -if you're child does not go to school, the penalties can be onerous (20% penalty tax on investment gains), can only be mitigated by rolling it back into your RRSP (if you have room), all CESG must be forfeit back to government, non-contribution ...
Jan 27th, 2023 10:41 am
... property. Last year we refinanced our mortgage and withdrew 400,000 from our house and increased our mortgage by that amount with the intent to invest the money in interest bearing accounts and to make money. At the start of the year our interest income was higher than our mortgage expense because ...
Jan 13th, 2023 5:22 pm
I know the interest can be deducted in the tax return line 22100 if the money borrowed "for investment purposes, but generally only if you use it to try to earn investment income, such as interest and dividends" But if the money borrowed earns both interests/dividends and capital gain, can...
Dec 17th, 2022 11:29 pm
Hey there:Curious if anyone has thoughts on selling their home, taking $1 million in equity, investing all in dividend paying stocks and renting a home?Theoretically divvies would cover the rent and more. Curious if anyone has attempted this?It’s purely a thought. Cheers.
Dec 13th, 2022 7:12 pm
Hello, Looking for advice. Long story short, I was hoping to sell my current home and throw most of the equity toward the new home I'm buying. With this market, obviously, my house didn't sell on time so I ended up buying the new home with a 20% deposit from my savings I had. My current home sold AF...
Nov 28th, 2022 11:06 pm
If you had 1 million $ to invest in the condo sector, would you go for Toronto or Montreal at this point?
Oct 16th, 2022 10:31 am
... no income, living in home)? What prevents someone in the highest bracket with available cash to "gift" an adult child money to invest at 4.75% in Simplii HISA for example, and not pay any tax (due to $0 income), which can be then "gifted" back to the parent in some ...
Oct 5th, 2022 6:03 pm
$200k is probably too little amount for real estate investment, and interest rate keeps going up. Not sure if it is good idea now to put money in real estate.Stock market is currently fluctuating a lot as well.Should we just find put it in GIC for now ?
I've got a fair chunk of money burning a hole in my chequing account and I'm looking for a place to park it for two different time horizons - 3 months (for a car purchase) and 1 year (for a home downpayment). I am aware of high-interest savings accounts. I think I can get more than 5% when the stock...
Sep 14th, 2022 10:12 pm
As Oil is pretty high and gold may cool as the USD is getting stronger with the interest rate increase, the CAD is getting weaker, I think TSX should be excluded. What is a Canadian ETF that only invests in S&P, i.e. no TSX. I used to invest in XIU but not any more.
Hello, If you had $20k to invest in RRSP, what would you invest in? Age 37, female, bought a house last year. Not too risky, say average risk. I'm with National Bank brokerage. Currently have ZDV, ZEB, VGRO. Looking forward to hearing your thoughts.
Invest CM.TO cibc after stock split?
May 16th, 2022 2:30 pm
I have some liquidities in my RRSP that I do not want to invest right now. My RRSP is with the CIBC and I do not want to move to a different financial institution right now.
Is Wealthsimple best one? Or any other for individual stocks?thanks in advance
May 2nd, 2022 7:35 am
I have a couple of rental places. The income from these properties sits in my bank account today. At the end of the year I do my taxes I then know how much I am allowed to keep for reinvesting. To me this seems like a waste since my interest is negligible. I need to keep it fairly liquid and low ris...
Apr 15th, 2022 11:46 am
I'm in big in ZAG and just added ZLC🥶Getting my monthly payments atleast. I'll break even eventually right? Lol The thought of getting monthly payments and not really caring what the market does is appealing for me.
Apr 12th, 2022 12:48 pm
I'm not the best with investments. Pretty much Homer Simpson nodding to the FA and saying, Ok. So now that I am an established newb. 45 years old. Slogging away and paid off the house, so Im thinking of building more retirement savings past the company pension and rrsp. Hoping to start using it arou...