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Helping Canadians with Personal Finance Since 2006

Archive for January 2012

Reader Mail: New Graduate, TD e-Series, RRSP or Non-Reg?

New graduate, Mike, emailed me with some investing questions.  He’s new to the work force, and is diligently looking to find ways to invest and save money. I am a new grad, just started working permanently last year. I have contributed every year to my TFSA (right now, it’s parked with Canadian Western Bank, which…

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Financial Quackery Video

Video is a medium that I haven’t really considered with this blog, but I can see how it can be useful when educating about certain concepts. Let me know what you think about introducing more video to MDJ. “Financial Quackery” is one of the main reasons why most people struggle financially. This video is my…

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A Primer on American Depositary Receipts (ADRs)

American Depositary Receipts (ADRs) are securities of non-US corporations that trade in the US stock markets.  Individual shares of such foreign securities represented by ADRs are called as American Depositary Shares. ADRs are created when a broker purchases shares of a non-US corporation on its home stock exchange and transfers them to a local custodian…

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The Basics of the Health Spending Account

If you are a shareholder of a Canadian Controlled Private Corporation (CCPC), have employees with or without health coverage, and looking for a way to save overall taxes, then this article may be for you. With health care costs increasing every year, an entrepreneur reader emailed me to ask about the Health Spending Account (HSA).  The HSA…

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A Primer on (Market) Equity linked GICs

As seen in an earlier post, traditional GICs offer security of principal with a low rate of return (in the current interest environment) for locking in the money for set time periods. The longer the term, the better the rate offered. Callable GICs provide a better rate than traditional GICs to compensate for the risk…

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