TFSA or RRSP? 2019
One of the most common investment questions Canadians ask themselves today is, “Which is better, TFSA or RRSP”?
Here’s the good news – it doesn’t have to be an either or choice. Why not do both? Below are the features of both plans to help you understand the differences.
Tax Free Savings Account (TFSA)
- Any Canadian resident age 18 or over may open a TFSA. Contribution is not based on earned income. There is no maximum age for contribution.
- For 2018, the maximum contribution remains at $5,500. For 2019, that increases to $6,000.
- There is carry forward room for each year in which the maximum contribution was not made. For those who have not yet contributed to a TFSA, the cumulative total contribution room for 2018 is $57,500. It will increase in 2019 to $63,500. Read more
DM Q4 Portfolio Commentary
On market swings and the behavior of crowds – While taking in a recent NHL hockey game, we got to thinking about the peculiarities of human nature and how group dynamics might be making an outsized contribution to the recent plunge in stock prices.
Around the same time that we were watching the relatively well-heeled jostle for attention in ta t-shirt toss, a run-of-the-mill equity market correction was rapidly taking on a more bearish tone. In the space of just a few weeks, the collective perception of stock valuations and underlying business conditions was upended and measures of investor sentiment shot from mildly positive to deeply pessimistic.
Click here to read more: DM-Portfolio-Commentary-Q4-18
What does the New Year hold for mortgage rates?
Here’s an article that I came across in the Globe and Mail that I wanted to share which talks about Bank of Canada trends and what it might mean for mortgage rates heading into 2019. Let me know your thoughts.
Click here to read the rest of the article on the Globe and Mail website.
DM Monthly Report – Dec 2018
SHOULD WE BE WORRIED ABOUT OIL’S RAPID DESCENT? After having tracked steadily upward from a sub-$30 valley reached in early 2016, crude oil abruptly reversed course in mid-October, plunging by almost a third in just a few weeks. Because oil and gas remain key inputs to global growth, concerted price moves can sometimes provide clues to underlying economic health, even before changes in course show up in GDP and other key figures. If, for example, price is falling due to a drop-off in demand, it’s not unreasonable to surmise that general business activity has also cooled.
Click here to read more: DM-Monthly-Report-Dec-18
