Today, we announced a decrease in the Domestic Stability Buffer from 3.5% to 3.0%.
We also reduced the range of the buffer from 0%–4% to 0%–3%.
Learn more about today’s decisions impacting Canada’s largest 6 #banks: https://t.co/bOu0ilE7fk
Canadians be like let's buy the ETF that holds US dollars, journal the shares, sell the shares to avoid FX markup, receive USD and call this "Norbert's Gambit"
@mayankgupta1502@adrianviewpoint@bjvillen@BoomerDivvies Also, the 4% interest on the initial $1M is taxable , whereas the choice of the $52,000 is not taxable. Assuming this eventually sits on top of other earnings, the choice of the $52,000 non-taxable may be the best choice for her. Marginal tax rates easily exceed 50%.
Some folks buy Canadian bank stocks & hold for decades, while others hunt value stocks, watch them, and sell for profit. It’s not either/or — you can do both.
The account matters: TFSA = freer trading (tax-free). RRSP = great for buy-&-hold. Non-registered = prefer capital gains & harvest losses.
For me it depends on time, risk tolerance & when I need the money. I mostly hold long-term but chase some value plays. Your tax bracket matters too — e.g. take profits in kids’ non-reg accounts while rates are low.”
@garquake It’s a big difference between my upbringing in NS, even the wealthy didn’t travel much or have expensive cars. Today, it’s a different thing all together, and I see it in my adult kids. Expectations are much higher and this seems to be demonstrated on their social media.
@Kevin_AGraham@SteveWps I’m fortunate to have my first granddaughter who is now two. One of the most enjoyable things I’ve ever experienced. I could talk your ear off on front loading an RESP to the point where my wife elbows me to shut up. She makes my day special.
My 40-year-old wife went to buy champagne for our wedding anniversary dinner. I phoned the off licence after she left, gave a description of her and what she was buying and requested they ask her for ID. She came home absolutely beaming. It's the simple things.
Former BoC Deputy Paul Beaudry warns Canada–U.S. trade talks are about to get tougher — not because of politics, but because of America’s $38T debt problem. When a superpower needs revenue, tariffs become taxes on everyone. 🇨🇦🇺🇸
https://t.co/Z3OY7YkyYS via @YouTube
#CanadaUSTrade #BankofCanada #CanadianEconomy
Imho great letter from TSS $TOI.V to Asseco $ACP.WA :
1) 1x mgmt. stock ownership grant
2) Focus on margins, recurring revs & capital allocation
3) Highest & best use for capital allocation
While very different $ACP.WA trades at 2.6x EV/S vs. $CSU / $TOI / $LMN / $SGN all 6-11x
@CDInewsletter like the idea of using the TFSA, but rolling into RRSP without knowledge of their incomes to offset the tax, should be viewed with caution. A Non-registered may be the best option, especially when looking at future spending plans and the favourable treatment of dividend income.