I am Canadian, with income just below marginal higher rate. My RRSP contributions were always filled, and the rest went to extra mortgage payments.
I just finished paying off the mortgage and will now have some spare money toward retirement in, say, 10 years. I can save around $2K/month. TFSA contributions are limited to $5K/year, and all the other savings plans/GICs pay interest rates that can only be detected with a microscope.
So, I need to invest, and assuming I'm not dumb enough to think I can pick stocks better than Warren Buffett, I would stick to index tracking funds. But all the options seem aimed at U.S. citizens.
What are the choices for us northern frugal types?
Edit: To clarify. I assume ETFs the safe/easy answer. But most investor sites are aimed at Americans, and I would like to invest in economies beyond the TSX.
I was looking for pointers to which funds were easiest/possible for Canadians. And why my Canadian bank seems to charge 2.5% MER for an ETF that American's pay 0.06% on. Do I have to become an expert on rebalancing and tax accounting to consider anything more sophisticated than a GIC?