Let’s suppose you invest monthly into your RRSP, say $300 per month to total $3600 at the end of the year. If you have additional unused contribution room, you can boost your contribution with a short-term RRSP loan. By borrowing…
Bitcoin ETFs
Last week, the U.S. Securities and Exchange Commission (SEC) approved Bitcoin ETFs into the crypto markets. Bitcoin ETFs are now listed and can be traded in mainstream portfolios. This approval has sparked the interest of some investors, wondering if it…
Important Tax Numbers-Revised for 2024
Working Canadians: RRSP Contribution Limit: The maximum contribution limit for 2024 is $31,560; for 2023 it’s $30,780. TFSA Limit: The annual contribution limit for 2024 is $7,000. If you have never contributed to a TFSA the maximum cumulative amount is $95,000. Basic…
Market Outlook for 2024
To say the markets ended 2023 on a strong note would be an understatement. Most of last year, the markets were dominated by a handful of mega-cap stocks commonly referred to as the magnificent seven. The rest of the market…