With the interest rate staying low and a monitored increase over the next couple of years, some home owners may be wandering if there is a cheaper interest rate available for them. The cost over a 25 year period can be quite significant and save you may years on your mortgage. Just 2 years ago, many were expecting the rates to go up and 2 years later it is still low. The Bank of Canada is expecting to see an increase by the end of the year but the economic turmoils around the world are making it challenging to drive the rates up. You can see the current trend from a historical perspective at CanEquity.
I have written a few post in the past about my personal experience with my mortgage and I continue to monitor the rates available as paying off my mortgage is one of my top goals to reach my Financial Freedom.
A reader asked a very good question as to how I decide which account to select when investing. I do have some guidelines and rule of thumb based on
How much money I can invest
How long I will invest it
Where I am at with my diversification
Where I stand with the limits allowed for some accounts
How I will be taxed on the investment
How to avoid paying the tax man any more money than I need to is probably at the top of my filter . To achieve optimal tax efficiency, you need to understand the tax implication of the different accounts available. I also recommend that you use an up-to-date tax software program, such as TurboTax Canada, to give you step-by-step guidance until you’re ready to file.
Account Tax Treatment
The following accounts represent the most common categorization for investment accounts.
One of the most challenging aspect of starting with dividend investing may be to not know how much money we need to get started. I started investing in mutual funds back in my 20′s and I was focused on building my RRSP (Registered Retirement Savings Plan) and maximizing my contributions. That’s what you were suppose to do … Well, the reality is that the benefits of RRSP when your income is low is not all that great from a tax saving perspective. It’s great that you start early since you will leverage the years of growth but wouldn’t it be nice to also get the benefits of compound growth with dividends? Let’s cover the options when you are young to put dividend investing in perspective.
Investing Options In Your 20′s
You just got your first job and you want to save some money or build a nest egg for early retirement Chances are that you don’t have thousands
First of all, don’t let the look fool you! There is a wealth of information captured on this site from the investment experts that pass through BNN. Many years of comments are captured and easily accessible.
If you are simply researching a company, you can use the tools available on the site. You can query a company and get a full list of comments on that company for many years. It will go back many years and will show what every experts had to say about it and their recommendation:
Finding key stocks to purchase at the right time can be a challenge for do-it-yourself investors since we don’t have teams working for us and we rely on information publicly available and not always from the same source. I am not advocating to time the markets but more often than not, we can’t buy all the stocks we want at the same time and we are faced with the choice of picking one amongst many. What factors are going to influence your decision? Let’s say you want to purchase a Canadian Bank, how do you make your decisions to pick one over the other?
Finding The Stocks To Track
One of the first questions I ask when someone tell me about a stock that seem like an interesting investment is ‘how did you find out about the company?’. There are so many companies on the stock exchanges, finding
All content posted on this blog represents my opinion and views and should never be considered professional advice. You should do your own research and consult with a professional financial advisor before making any investment decisions.
August 22nd, 2011 | 
Category: 
With the interest rate staying low and a monitored increase over the next couple of years, some home owners may be wandering if there is a cheaper interest rate available for them. The cost over a 25 year period can be quite significant and save you may years on your mortgage. Just 2 years ago, many were expecting the rates to go up and 2 years later it is still low. The Bank of Canada is expecting to see an increase by the end of the year but the economic turmoils around the world are making it challenging to drive the rates up. You can see the current trend from a historical perspective at CanEquity.
. To achieve optimal tax efficiency, you need to understand the tax implication of the different accounts available. I also recommend that you use an up-to-date tax software program, such as 
