Will buying a Canadian-domiciled U.S. index ETF result in U.S. withholding tax on dividend income like a U.S.-domiciled ETF or U.S. stock paying a dividend?—Neil Withholding tax on U.S. ETFs for Canadians U.S. equities make up a large share of global markets — roughly 46% of world equity market capitalization as of the third quarter … Read more

With inflation and rising interest rates eroding Canadians’ purchasing power, many experts expect economic activity to slow. A recession—mild or otherwise—wouldn’t be the ideal way to start the year, but there are practical steps you can take now to protect your finances. The following six strategies will help you reduce stress this December and enter … Read more

This week, Cut the Crap Investing founder Dale Roberts reviews major financial headlines and provides context for Canadian investors. The Bank of Canada hikes the rate by 0.50% This past Wednesday the Bank of Canada (BoC) raised its policy interest rate by 50 basis points (0.50%). That move pushed the policy rate to its highest … Read more

Should I name beneficiaries on my investment accounts or leave them to my estate?—Catherine Named beneficiaries vs the estate — which is better? Thanks for your question, Catherine. When we plan our estates, one of the practical choices is deciding how investment accounts should transfer after death. The right approach depends on your situation, the … Read more

If you plan to buy a property, you probably already know you’ll need a down payment. This is the portion of the purchase price you pay up front and is subtracted from the total amount you borrow to buy the home. Exactly how much you must save for a down payment depends on the price … Read more

I am a divorced, empty nester and a registered nurse trying to plan the next five to ten years before retirement. I am 55 years old and will receive a workplace pension. Due to life circumstances, I did not begin contributing to my company pension until I was about 40. Here is my financial profile: … Read more

If you’re shopping for a car, you probably already have an idea of the body style you want—sedan, hatchback, crossover, SUV or pickup—as well as possible makes, models and even trim levels. You may have compared features and fuel economy, and now face one of the biggest decisions: should you buy new or used? New … Read more

We all pay taxes, yet many of us rarely check which federal and provincial tax brackets apply to our income. Understanding those brackets matters: it helps you estimate how much tax you’ll owe for 2022, especially if you’re self-employed or have a side hustle and haven’t had tax withheld. Knowing the federal and provincial bracket … Read more

Ask MoneySense I have lived in Canada for 24 years and I’m 65 years old now. I am still working at a company making a $78,000 salary. Since my health condition is OK, I am going to continue to work for two to four years. My question is: In my situation, is it better for … Read more

This week, Cut the Crap Investing founder, Dale Roberts, reviews the week’s financial headlines and explains what they mean for Canadian investors. What a week—the wrap It felt like déjà vu on the rate-hike front. Federal Reserve Chair Jerome Powell signalled that the Fed may slow the pace of rate increases as policy approaches a … Read more