About TD Direct Investing TD Direct Investing, from TD Wealth, is Canada’s largest online brokerage and a division of the Toronto Dominion Bank. The brokerage originated in 1984 under the name ...

What I would like to share with you in this month’s article is a recent talk I had with Kenneth Pope where we discussed Henson Trusts, ODSP and other tax credits that families and disabled individuals ...

Using withdrawal rates One of the ways to ballpark the amount of income you can take from your portfolio is to use a withdrawal rate. The debate over what is a safe withdrawal rate will continue and ...

Registered Retirement Savings Plans (RRSPs) are one of the most significant retirement planning tools for Canadians. There are a number of ways to put your RRSP money to work during retirement, but ...

How can you get money out of a LIRA? This is one of the most common questions I get. So many people, especially in tough times are trying to access these funds for use. Back in 2008, Finance Minister ...

Cost/Benefit analysis if receiving CPP retirement pension The cost of contributing to the CPP in 2020 is 5.25% of your earnings above the Year’s Basic Exemption ($3,500 for 2020) and up to the Year’s ...

In this example, the result is that the TFSA and RRSP are very similar when the marginal tax rate is the same (30% in this example) when the money goes in and when the money is withdrawn. Note: The ...

By co-signing a mortgage in Canada, you can help a child or other close family member who may be having difficulty obtaining a mortgage on their own. However, there are risks associated with ...

Applying for a mortgage from a bank or credit union can be stressful at the best of times. The approval requirements are strict, with borrowers needing strong creditworthiness and employment and ...

What Is a Lump Sum Payment? A lump sum payment is a single payment made at one time instead of smaller payments spread out over time. Lump sum payments can occur in various financial situations, such ...

In an attempt to save on costs, millions of Canadians are using self-directed investing platforms to manage their own investments. These robo-advisors and online brokerages have made investing more ...

Life insurance coverage is a key component of a sound financial plan. Unfortunately, close to 50% of Canadians don’t have life insurance, and most Canadians are considered underinsured. One of the ...