Archive for April 2024
Best Stock Trading Apps in Canada
The best stock trading apps in Canada have really improved since I started Million Dollar Journey seventeen years ago. New fintech companies have really pushed the old school banks to lower their fees, improve their usability, get more efficient at bringing on new customers, and just creating a better mobile stock investing experience. While I’m…
Read MoreBest Swap ETFs in Canada: Horizons Total Return Funds
In writing about corporate and expat investing over the past couple of years, I’ve come to realize just what an advantage using Canadian swap-based ETFs from Horizons can provide certain groups. Horizons calls these exchange traded funds “Total Return ETFs” and there are three main groups of investors that really need to be paying attention…
Read MoreQtrade Review 2024 – Canada’s Best Broker
What Is Qtrade Direct Investing? Is it Legit? Qtrade Direct Investing is part of Aviso Wealth, a national financial services company owned by the Credit Union Centrals, CUMIS and Desjardins. Aviso manages close to $120 billion in assets, and has major operations in Vancouver and Toronto, with regional offices across Canada. Qtrade is more than…
Read MoreBest Canadian Dividend Stocks – May 2024
As we look forward to a new year, it’s time to update our list of Best Canadian Dividend Stocks for May 2024. Click here to jump straight to my top 10 dividend picks for May 2024. The first quarter of 2024 has seen much of the tech stock momentum continue (despite the recent Nvidia pullback).…
Read MoreEQ Bank Review 2024
EQ Bank Account Options and Interest Rates Account Type Interest Rate Best For Daily High Interest Account 2.50%* (Plus 1.50% if you direct deposit your pay) People who want the highest consistent interest rate in Canada + free e-transfers + super cheap international money conversion + FREE BANKING + USD Accounts for Canadians EQ GICs…
Read MoreStudioTax Review 2024
What is StudioTax? StudioTax is certified tax preparation software for Canadian personal income tax returns. It is provided by BHOK IT Consulting and is now also available for Quebec residents (as well as available in French). It suits the needs of most people although it does have some restrictions. I’ll provide an overview of its…
Read MoreCanada’s 2024 Budget – New Taxes on Capital Gains
Canada’s new tax rules on capital gains mean that you’re now likely to pay more taxes if you own a cottage, pass away with an unregistered online brokerage account, or investing inside of your corporation. Of course, right when I’m in the middle of writing a series on corporate taxes for CCPCs and am writing…
Read MoreBest Canadian Bank Account Promotions 2024
At any point in time, there are handfuls of bonus offers and bank account promo offer codes available. But how do you choose which of Canada’s bank account promotions to sign up for? We’ve curated a list for you of the best current offers. Some offers are for brick-and-mortar banks, while others are for online…
Read MoreSalary vs Dividends in Canadian Corporations: Paying Yourself as a Small Business Owner
In preparation for our dividends vs salary comparison for Canadian small business owners, we took a broad look at Canadian corporate taxes last week. I admit – it wasn’t exactly light fare. But the low-tax juice will be worth the squeeze! Today, we’re going to focus on Canadian Controlled Private Corporations (CCPCs) with annual income…
Read MoreCCPC Taxation: Canadian Corporations for Small Business Owners
I’ve been getting a lot of questions recently in regards to Canadian corporations and taxes for small business owners that have a CCPC (Canadian-Controlled Private Corporation). Most of these inquiries want seemingly simple questions answered – something along the lines of, “Ok, so if I made this much profit in my company this year and…
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