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I got tired of pouring money into Alibaba. ;) I'll put you in the raffle. 👍

#RRSP is tax deferred, until you pull the money out

Tax inefficient investments should be held in the RRSP

Hold tax efficient investments in a non-reg account after you ran out of RRSP and TFSA room

If you bought it, you have a right to do something or not do something

If you sold the contract, you have an obligation to do something if the buyer wants you to

These contracts don't involve a lawyer

It's great for investment tracking

I track my #expenses religiously

The #income #tracking is a bit more spotty ;)

#expiry is when the contract is no longer valid

The #strikeprice is important: a stock price above the #call strike price is in the money, and below for a #put

Options are contracts regarding a specific stock

Switch to #ETFs

#RRSPs are an account, #ETFs are an #investment

#Options are contracts that expire

When you sell a #call, you generally want to sell the #stock, or make #cash

I use this to get some #cashflow

I explain the strike price concept

#Puts are basically #insurance on #stock

#puts and #calls are the two options types

Absolutely. You have until March 3. And you're entered into the draw. 👍

Thank you, fingers crossed. And you're entered into the draw. 👍

Remember that borrowing to #invest adds #risk

You can only deduct #interest for non-registered loans and investments

I use a #HELOC and #margin #loan

Definitely, I'm easy to reach here. I've been on TH-cam before TikTok. Also, as a Canadian, I will not be affected by what's happening in the US. You're entered in the draw. 👍

There's a formula for how much you can borrow

The #timing of the #loan could be so that there's no #interest paid at all before you pay it off

This is a great #strategy since at most only one of the options can be true, and at best, neither. You get twice the #premium

This is good for #cashflow and #stock accumulation

Selling a few shares is fine for #growth #stocks to make some #cashflow

You don't need #dividends to identify good stocks - an increasing #EPS will do the same

Choosing #growth vs #dividends is a personal style choice

It could get cut. They said they won't raise it in 2025, and for the good of the company, they might cut it; the market might actually like it. And I entered you in the draw. 🙂

#TD is getting their #AML procedures fixed

It could take #years to improve the #AML procedures

Some books about picking #stocks

The Wealthy Barber is another one

The millionaire next door, my first book about investing

Depending on your tax situation, you may come out ahead from these

It wouldn't be a viable #strategy for me

These are #investments suited to very few people

If i understand correctly, the answer is no. If you pull money out from an RRSP and that created a $15K tax liability, only a tax deduction (e.g. tax-deductible loan interest, where you were borrowing to invest, like a mortgage on a rental property) would offset some or all of that 15K in taxes. You owe the 15K to the CRA, so you can't buy anything with it, by the way, including TFSA assets. And lastly, TFSA is bought with after-tax money, so if you make a salary, pay taxes on it, what's left over can be used to buy TFSA assets. I hope that helps.

@@canadianmoneytalk yes that correct, I just realised only rrsp contribution is before tax. TfSA is after fax but it is tax free investment limited by annual contribution. So while rrsp withdrawal is at low end tax cost and can be used to contribute tfsa right?. Sorry for earlier creative thinking I was bit tried from work.

@@riscy00 Yes, ideally, withdraw RRSPs when you are in a low tax bracket, since the withdrawal is taxable. RRSPs are supposed to be bought when you are working and making lots of money, and withdrawn when you are retired and in a low tax bracket. And yes, you can use the money from the RRSP to buy whatever you'd like, including TFSA.

I entered you in the draw. 🙂 As far as dollar, I think there may be further CAD weakness in the short term, but eventually, the USD will weaken compared to all the other currencies.

As a #Value investor, I like a low #PE

Price-to-book is important because it shows how much I am paying for the company's assets

Your #brokerage should have a filter available

Thanks, and you're entered into the draw 👍

The #bid #ask spread tells you about liquidity - a small spread means the #stock is #liquid

If the stock isn't liquid, you may not get the #price you want or are expecting

You may not be able to get the last price the stock traded at if not liquid

I'm buy-and-hold generally. I sell Puts to get more stocks, and the ones I have out now on the stocks mentioned in the video are: T Jan17'25 21, TD Jan17'25 72, and T Jan17'25 22. You're in the "lottery", BTW. Thanks for commenting. ;)

Thank you for the support. You're in the "lottery".

There is a few #dividend #payers, but also #cheap #growth #stocks

I own these and I am adding to them.

As usual, please do your own research

If one of your #retirement #accounts had a high balance, like over 500K in your #RRSP, you might consider starting to #withdraw earlier to lower the annual #withdrawals

#TFSA is a good one to fill in gaps in income

#LIRA is available only at 55, #RRSP you can pull money out of any time

I'm with you. I'm just the messenger, though. ;)

Most people don't feel affected by the capital inclusion number. Unless you have a corporation, sold a piece of real estate in late 2024 or had a passing in the family where the whole portfolio was deemed as sold, it doesn't affect you. I'm glad I sold the last piece of my US real estate in 2023, otherwise this would have been unpleasant.

@canadianmoneytalk yeah I'm in one of those 3 scenerios right now. Taxation is theft.

As soon as a notice of Ways and Means Motion is tabled, it's considered in force

So we are stuck with it

At least they gave us a heads up before implementing it

#ETFs are fine for someone who doesn't enjoy the #stock #analysis

#ETFs have built-in #diversification

Thanks. All the work was a labor of love to get me out of the rat race.

#Budget review, #portfolio #performance #review and #taxes are all considered

A few other #administrative #yearend items are suggested

Everybody should have a #yearend routine

I own #microsoft #google and #amazon

I avoid #investing in companies that don't make a #profit or have #positive #cashflow

#Technology is a good long-term #investment

I do have a #vanguard #emergingmarkets #ETF #VEE

I dislike the lack of control in #targetdate #funds

You can do a little #rebalancing when needed once per #year

It is very easy to construct a #portfolio

The #bonds in a #TFSA are a good choice for #tax purposes

#FHSA is a good first thing to invest in

Look at #RRSP if you're in a high tax bracket

In a low tax bracket, non-registered account is also a possibility

#canadian #ligible #dividends are fine in a #nonregistered account

Make sure the #foreign #dividend payer is foreign traded i.e. on a US stock exchange

#foreign #dividends are not great in #TFSA because of the 15% tax withholding on a foreign dividend

Thank you, and same to you. Tax planning is done is November & December, not April, absolutely. 🙂

There's nothing wrong with adding to what you have - there is some overlap between S&P500 and NASDAQ-100, but if you like the US, and believe they will continue to do well, why not? These will have significant volatility, especially the Nasdaq. If you want to spice up your life, look at something from emerging markets. I believe that's where the growth will be, because of the increasing, and young, population, but that's a long-term, personal thesis.

Happy New Year! All the best. 2025 can't be better than 2024 from an investing point of view, but let's see. ;)

I look at the #change in #networth

I compare the #budget to the #actuals and see where my #expectations were way off

Get a total for my #dividend #income

I got the Canadian stock, on the Toronto Stock Exchange. The price was higher in Canadian dollars. It's sort of hanging in there.