Archive for December 2022
Smith Manoeuvre Portfolio – 2022 Update
For those of you just joining us, this is an update (it’s been a while!) on my portfolio that is leveraged with money borrowed from my home equity line of credit (HELOC) – otherwise known as the Smith Manoeuvre. What is the Smith Manoeuvre? The Smith Manoeuvre, in its simplest form, is a leverage investment…
Read MoreA Frugal Guide to Healthy Living in Canada
If you’re not paying attention, healthy living in Canada can really cost you. Out-of-pocket healthcare payments make up about 15% of total health spending in Canada, and those numbers have only increased. Combine rising healthcare costs with skyrocketing grocery prices, and it’s more important than ever to find effective ways to trim your spending –…
Read MoreSpousal RRSPs in Canada
You likely already know that investing in an RRSP is one of the best, most tax efficient ways to save for retirement. The good news is that if you or your common-law partner or spouse have unequal incomes, you can open and contribute to a spousal RRSP account. In doing so, you can maximize the…
Read MoreRRSP vs RRIF: Conversion, Ages, Penalties, Withdrawal Minimums
One of the main decisions that every Canadian retiree has to make is in regards to at what age they want to convert their RRSP to a RRIF. Consequently, questions such as: Are some of the most common ones that we get in regards to retirement planning. Ultimately the RRSP vs RRIF debate comes down to…
Read MoreWithdrawing From RRSP and TFSA For Retired Canadians in 2024
After writing a deep dive article on whether the 4% safe withdrawal rate still works for retirement at various ages, I received a lot of questions basically asking: “Ok, so 4% is a good rule of thumb, but when I actually go to withdraw money from my various investment accounts, to put into my chequing…
Read MoreTax Efficient Index ETF Portfolio for Non-Registered Account
There may come a point during the year that you max out your registered Canadian investment accounts, or if you are living abroad, there might be certain restrictions on what you can contribute to tax-advantaged accounts. The great news is that no matter what your situation is, you can still open a non-registered tax efficient…
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