Posts by FT
How Flow Through Shares Work
One of the more interesting Canadian-specific investment tax strategies available is flow through shares. I’ve written several articles over the years on how flow through shares work, what they are, their associated advantages. As I began to update my knowledge on these unique investment tools, I decided to combine the piecemeal articles that I had…
Read MoreCanadian Investing Taxes: Dividends, Interest, and Capital Gains
Are you curious about how investing taxes are calculated on dividends, interest, and capital gains across the various accounts in your portfolio? I am by no means a tax expert, but I do have enough knowledge to give general guidelines on how you can figure out your own investing taxes and prioritize your subsequent investments.…
Read MoreWealthsimple Review 2020 – Robo Advisor & Wealthsimple Trade [UNIQUE PROMO]
Wealthsimple Review 2020 – Robo Advisor & Wealthsimple Trade [UNIQUE PROMO] By FT | May 17, 2020 | Comments I’ve been putting off writing a Wealthsimple review for a while now due to the fact I personally do not personally use robo advisor, instead preferring to cut costs to the bone with my Questrade, my top rated…
Read MoreIndexed Family Education Fund (RESP) Portfolio Update – 2020 Edition
During this time of uncertainty, many readers have contacted me for continued portfolio updates. One group in particular – parents – are asking me what I’m doing with my RESPs. What is an RESP? At a high level, an RESP is an investment account for future post-secondary students and stands for Registered Education Savings Plan. …
Read MoreMastering the Smith Manoeuvre and Turning Your Mortgage Into a Tax Deductible Investment Loan
Mastering the Smith Manoeuvre and Turning Your Mortgage Into a Tax Deductible Investment Loan By FT | April 19, 2020 | We’ve been writing about the Smith Manoeuvre here at Million Dollar Journey for over a decade now! Since I have personally implemented the Smith Manoeuvre and provided various updates on my tax deductible investment…
Read MoreDogs of the TSX (Beating the TSX) Dividend Stock Picks – 2020 Bear Market Edition
Over the past number of years, I’ve been writing about the investing strategy known as Dogs of the TSX (taken from “Dogs of the Dow” in the USA) – also known as the Beating the TSX Dividend Stock Strategy (BTTSX). At a high level, in this strategy, the largest publicly traded companies in Canada (TSX…
Read MoreFinancial Freedom Update (Q1) 2020 – Bear Market Edition ($59,500 in Dividend Income)!
Welcome to the Million Dollar Journey 2020 (Q1) Financial Freedom Update – the Bear Market Edition! If you would like to follow my latest financial journey, you can get my updates sent directly to your email, via Twitter or Facebook, and/or you can sign up for the monthly Million Dollar Journey Newsletter. For those of you new here, since achieving $1M…
Read MoreHow Much TFSA Contribution Room Do I Have In 2020 and What Are the TFSA Rules and Limits?
If you turned 18 on or before 2009, you have a ton of TFSA contribution room that you can use at any time. Our table below gives you a quick look at the annual TFSA contribution room that would have accumulated over the years for you. Knowing how much you can put in your TFSA…
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