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When it comes to managing your wealth, fragmentation can be costly. Indeed, this article is inspired by a story that has developed over the years and came to a head today. Many investors hold accounts across multiple institutions, an RRSP here, a TFSA there, and maybe a non-registered account somewhere else, maybe even at a discount brokerage, for fun…. While this seems

Rebalancing is a key part of maintaining a healthy investment portfolio, but it’s often misunderstood. Many investors think it simply means selling off high-performing stocks and reallocating proceeds to those that have underperformed. While that’s part of it, effective rebalancing is so much more as we will show you below. Looking Beyond Individual Positions At its core, rebalancing helps reduce concentration risk,

Many Canadians gravitate toward TFSAs for their tax-free returns, but RRSPs offer compelling benefits that are often overlooked. In fact, if you play your cards right, an RRSP can match or even outperform a TFSA. Let’s break this down: RRSPs let you contribute using pre-tax dollars. So, imagine you earn $10,000 and sit in a 50% tax bracket. That means you’d owe

When setting up a Tax-Free Savings Account (TFSA) or Registered Retirement Income Fund (RIF), one important decision is choosing between a successor holder and a beneficiary. While both allow assets to be passed on, there are key differences in how they work, especially for spouses and common-law partners. What is a Successor Holder? A successor holder is only available for spouses or

Tax-Deductible Investment Fees: What Investors Need to Know Investment costs can have a significant impact on overall portfolio performance, but understanding which fees are tax deductible can help reduce taxable income and maximize financial efficiency. Canadian tax law allows deductions for certain investment-related expenses—provided they meet specific criteria. Here’s what you need to know about tax-deductible investment fees and how they can

Effective tax planning is essential for Canadian businesses and one critical aspect to consider is the Refundable Dividend Tax on Hand (RDTOH) regime. If you are an incorporated business owner, properly navigating RDTOH is important for corporate distributions and tax efficiency.