Laundered money is a key cog in our economy

Canadians’ savings are sheltered and foreign investors are reluctant. Laundered money fills a crucial investment gap

Laundered money is a key cog in our economyYou could make a case that in the absence of illegal laundered money, there would be almost no risk investment capital in Canada. The problem with laundered money is huge. Recent estimates put the value of laundered money in Canada at $46.7 billion; other more realistic estimates have it in the range of $130 billion.…

Federal budget full of puzzling contradictions

With one hand, the government gives. With the other hand, it takes away benefits to taxpayers

Federal budget full of puzzling contradictionsBy Jason Clemens and Jake Fuss The Fraser Institute Commentators have noted the thrown-together nature of the 2019 federal budget released last week. There seem to be several ill-considered initiatives and some parts of the budget openly contradict other government programs and reforms. One of the more prominent contradictions relates to housing policy. In 2016,…

Albertans’ average RRSP holdings lower than Canadian figure

Canadians of all generations are saving for retirement despite financial priorities and market volatility: BMO

Albertans’ average RRSP holdings lower than Canadian figureThe average amount of money held by Albertans in registered retirement savings plans is lower than the national average. According to a report released on Tuesday by BMO Financial Group, in 2018, the Alberta amount was $98,933. The Canadian average was $101,155, a 21 per cent increase from 2016 ($83,635). “While balances typically rise due…

RRSP or TFSA? Sorting out an investor’s dilemma

TFSAs provide great options. If you build up the money in your TFSA while you’re working, you can draw from it tax-free any time

RRSP or TFSA? Sorting out an investor’s dilemmaK.M. wrote to ask if she should stop making registered retirement savings plan (RRSP) contributions and instead focus on her tax-free savings account (TFSA). With a little personal information from K.M., we decided it would be best for her to focus on her TFSA. Here’s why: K.M. works in a job she’s likely to leave…

Layer your retirement income to minimize your tax bill

RRSPs aren't the only financial vehicle that help you manage your taxes over time

Layer your retirement income to minimize your tax billHaving multiple retirement income sources is a great idea. And that diversity, with proper planning, can reduce the income tax you pay. Most of us understand the basic retirement savings methods: a registered retirement savings plan (RRSP) or a spousal RRSP. We save a little bit of money when we can and reduce the income…

Canada can build its economy without outside help

It's time to put trillions of dollars in Canadian savings to work kickstarting our economy – and not go cap in hand to foreign sources

Canada can build its economy without outside helpCHILLIWACK, B.C. Mar. 19, 2017 /Troy Media/ – Over the past few weeks, both Alberta Premier Rachel Notley and Canadian Prime Minister Justin Trudeau have travelled to the United States to drum up interest in the energy industry and promote investment in the Canada. Why do Canadian politicians go to the U.S. for investment capital? Conventional…

RRSPs or TFSAs: Choosing the option which works best for you

Which one will give you the most comfortable retirement?

RRSPs or TFSAs: Choosing the option which works best for youDownload RRSPs or TFSAs: Choosing the option which works best for you VICTORIA, BC, Feb 12, 2015/ Troy Media/ - It’s Registered Retirement Savings Plan (RRSP) season and the question most likely on your mind is: should I invest in RRSPs or should I invest in a Tax Free Savings Account (TFSA)? Often these kinds…