RESP Portfolio Update – February 2016

Resp Portfolio Update Feb 2016

It’s been a little over two years since my last RESP portfolio update which is probably an appropriate time span since it’s a fairly steady portfolio that is 100% indexed. The RESP portfolios for our children are setup with TD e-Series mutual funds which provide a low cost way to index the market.  We contribute $2,500/account/year to get…

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Capital Gains Tax when Converting Currency

Capital Gains Tax When Converting Currency

When I wrote about some low cost ways to convert your valuable US Dollars (USD) back into Canadian dollars (USD), there was a comment about the potential for capital gains tax which caught some readers by surprise. At a high level, if there is any sort of “profit” from doing a conversion from USD to…

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Low Cost Ways to Convert USD to CAD

Updated 2020 to provide additional information about the third way I’m recommending using i.e. Forex Brokerages / Money Transfer Comparison Back in late 2014, I wrote about how great it was to be holding US Dollars (USD) due to the declining Canadian dollar (CAD).  At the time of that post, it cost $1.13CAD to purchase…

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