1
vote
1answer
29 views

Better to have a non-registered (taxable) investment account in one/both names and/or based on income?

This question is for those familiar with Canada's income tax laws. My wife and I have maxed out our TFSAs. We also max contribute to our kid's RESPs. We also contribute a healthy amount to our RRSPs ...
1
vote
1answer
32 views

SEC forms filed under different company name

I'm trying to find 10-K, 10-Q, or 4 forms for a company called Creative Edge Nutrition (ticker symbol: FITX,) but what I found was forms filed under the name "LAUFER BRIDGE ENTERPRISES, INC." Why is ...
0
votes
2answers
165 views

Where should a young student put their money?

I'm a young student with no student debt (my tuition is paid for, I've long since saved up enough.) I'm looking into my future and looking at investing in index funds or other sorts while I still live ...
3
votes
3answers
157 views

Getting financial advice: Accountant vs. Investment Adviser vs. Internet/self-taught?

Previously, I was a simple case: I earned a salary, and I paid taxes. Therefore, I've been filing my own tax returns using online software. Now: + wife, + kid, + mortgage, + want to contribute to ...
3
votes
3answers
2k views

Questrade - What happens if I buy U.S. stock with Canadian money?

Recently, I heard that when you buy U.S. stocks with Canadian money in a Questrade account, they actually make a loan of the U.S. dollar amount you bought even if you have enough money to do the ...
2
votes
1answer
290 views

What should I consider before buying a condo under construction, for flipping at a profit?

I am planning on buying a second condo, with the hope of selling it for a profit as soon as the construction is finished (i.e. flipping it). My questions are: What significant risks are there in ...
3
votes
3answers
552 views

I just made $50K from selling my house. How should I invest the proceeds?

I just made $50K from selling my house. I need some advice because I'm terribly bad at managing money and I'd like to invest a bit. My bank is harassing me – they want to sell me their product ...
2
votes
2answers
223 views

How to buy stock on the Toronto Stock Exchange?

I have an Ameritrade account and thought I was purchasing a stock that trades on the TSE. However, I was only able to buy a pink sheets stock. I'm not sure of the difference. Would it be possible ...
6
votes
2answers
1k views

How do I claim investment income that was earned in a jointly held account?

My spouse and I now have a jointly held investment account. I have received a T5 "Statement of Investment Income" for the account for the tax year, addressed to Mr James Foobar or Mrs Jenny Foobar. ...
2
votes
1answer
101 views

Intro to Investment options for a Canadian

I'm a 22 year old Canadian living in Canada. I am about to finish school, paid off my student loan, and I have a good paying job, apart from rent and food (no car or house), I don't have much need for ...
3
votes
1answer
281 views

Just starting my career - Wondering about how I can “Make my money work for me”

I have just recently been offered a job in my career of choice, and now that I will have a solid job - I would really like to begin investing. My main goal from an investment would be to retire as ...
2
votes
3answers
204 views

Moving savings to Canada?

Would it be feasible to move my savings to Canada? Would this be a good way to avoid losses associated with another US banking crisis? (assumption is Canadian banks will weather a crisis better than ...
5
votes
2answers
105 views

Is there a term for people who manage the money of dual citizens?

I'm a dual citizen of the United States and Canada. I'm afraid to invest in anything because the tax treaties and laws between the two countries make everything too complicated for me to follow. Even ...
2
votes
1answer
590 views

Tax lien investing: Possible in Canada?

I was just reading on the tax lien investing process and how it works in the United States. I was wondering if it happens in other countries. In specific, I would like to know if it happens in Canada ...
3
votes
2answers
186 views

Better ways to invest money held by my small, privately-held Canadian corporation?

I own a small, privately-held corporation and am looking for ways to invest my corporation's money more effectively. The problem is the government taxes passive investment income inside a corporation ...
1
vote
1answer
59 views

What is the effect of a high dollar on the Canadian economy, investors, and consumers?

Is a high dollar good or bad for the Canadian economy? Are investors affected differently from consumers because of this?
3
votes
2answers
684 views

Asset classes: Is a Guaranteed Investment Certificate (GIC) considered a bond?

When we think of asset classes, there are 2 types: stocks and bonds. Where does an investment like a GIC fit in? It is not a bond, nor is it a stock.
0
votes
1answer
546 views

Do we need to pay penalty if we withdraw GIC capital?

In this link: http://www.icicibank.ca/personal/Investments/termDeposits.htm They outline interest rates for various GICs. When you invest in GIC, is your money locked for the term? If a person wants ...
1
vote
1answer
185 views

Compounding difference between these TFSA Savings Account & TFSA GIC interest rates?

From the brochure of my bank, here is an excerpt: Interest on the TFSA Savings Account is calculated daily and paid monthly. Interest on TFSA GICs is compounded annually and paid at the end of ...
2
votes
2answers
466 views

What is the real tax benefit of Tax Free Savings Accounts (TFSA) vs normal (unregistered) savings or investment accounts?

From an investor's point of view, are investment options that are allowed to grow 'tax free' a beneficial choice? The investor is anyway going to pay tax once he withdraws the money*. What I am ...
1
vote
2answers
118 views

3 - 6 months investments in Canada?

What are some best instruments in Canadian market for 3 - 6 months investments? I have no knowledge of options/derivatives etc, so mainly looking for other alternatives here. EDIT: On a scale of 1 - ...
3
votes
2answers
225 views

How can I determine which is right for me, RRSP or TFSA, if any at all?

I'm 22 years old, and currently dumping all my money into my general savings account. I'd like to take this further but I'm not sure where to go with this. What type of savings account should I get ...
2
votes
3answers
826 views

What's the best secure tax deductible investment?

I will receive a lump sum amount as a voluntary departure pkg. I live in Ontario, Canada and want to know what I should invest this amount in (GIC/Mutual Fund) that will get a high return and be tax ...
2
votes
1answer
547 views

Questrade: Tax Free Trading Account. Why don't other brokers in Canada have these?

I noticed Questrade has a Tax Free Trading Account. Is this too good to be true? Why do other brokers not have a "Tax Free Trading Account" where your gains are not taxed and where you can contribute ...
3
votes
1answer
2k views

I have not yet invested into a TFSA - how much can I invest in 2011?

I have not yet created a TFSA, nor invested anything in it. I am looking to put some money in in 2011, what will my cap be?
3
votes
3answers
308 views

Investing in hemp producers in advance of possible legalization in Canada?

With the inevitable legalization of Cannabis, I can imagine there being big money in Hemp producers because of its wide variety of applications (e.g. paper, clothing, rope, bio-fuel, biodegradable ...
9
votes
3answers
617 views

What low-fee & liquid exchange-traded index funds / ETFs should I consider holding in a retirement portfolio?

I'm still (one year later) going through an exercise to restructure my retirement portfolio. To date, I've been using a mix of exchange-traded index funds. Some trade on the TSX, and others trade in ...
2
votes
1answer
682 views

Is an RESP the best investment option for my young child?

I recently had a baby and am thinking about opening an RESP to save for his education. Is this the best way to invest my money? Is there a chance of losing money this way?
4
votes
1answer
2k views

How many days do I have to hold a stock before it is considered a capital gain by the CRA?

I want to sell a Canadian stock from my investment account that I bought a month ago. The stock makes about 20% gain and I am afraid it might go down in the further. If I sell it now, will Canada ...
6
votes
2answers
598 views

TFSA vs. RRSP… Best retirement approach

What's the best retirement strategy? Assuming I have $1000 and room in both my TFSA and RRSP contribution, where should the $1000 go?
6
votes
2answers
693 views

What is the current US-Canadian agreement on withholding taxes for US Investment income?

Withholding tax credits have changed over the past few years. What is the agreement between Canada and USA related to how much can be claimed and how much must be applied for as a reimbursement?
6
votes
1answer
2k views

What are the best options for an RESP for my 2 year old kid?

Just starting to look into RESPs for my kid. There are RESP funds, or I could just throw money in a GIC... wondering where else I should look... and what I can do.
9
votes
3answers
532 views

What kind of investments should I have in my RRSP?

I plan to retire in 15-20 years... what kind of investments should I consider holding in my RRSP? I don't like very risky investments, but I also don't want to be too conservative.