Posts by Clark
StudioTax 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 MoreStarting a Business? Here are the Four Business Types in Canada
We have already discussed the types of business models and tax considerations for self-employed people. Another important decision to be made before starting a business is to choose a business type. There are four types of business structures available in Canada and this post will look at the attributes of each one of them. Corporation…
Read MoreA Primer on BRIC
Typically, Canadian and US investors invest in their respective country’s stock market and seek diversification through the other country’s market. For further diversification, they might buy stocks, mutual funds, and/or ETFs of other developed countries such as France, Germany, Japan, etc. However, growth prospects abound in developing nations across the world and such countries, termed…
Read MoreA 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…
Read MoreLittle Known Canadian Benefit Programs – I (Learning Bond, CPP, Grants, NRC)
The federal government offers a number of benefit programs for Canadians – Old Age Security (OAS), Guaranteed Income Supplement (GIS), etc. are well-known while some of them are relatively unheard of. This series will look at a few of the little-known (at least to me) programs in place for our benefit. Please note that this…
Read MoreDollar Cost Averaging (DCA) vs Dollar Value Averaging (DVA)
When investing in stocks, bonds, mutual funds or ETFs, the term “dollar cost averaging” is usually mentioned as the no-frills approach to investing. This post will compare dollar cost averaging to dollar value averaging and discuss their pros and cons. DCA is a relatively simple and practical approach to investing, where we invest a small…
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