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Thank you for watching the video and the kinds words!

Hi Bret, one stratrgy is Norbert’s Gambit, which Canadian investors use to convert Canadian dollars (CAD) to U.S. dollars (USD) or vice versa, avoiding high foreign exchange fees. I've linked a video showing how to do this in the description of my "TFSA" video. Thanks for watching!

Hi Stephanie, For my rainy day fund, I keep a portion of it in cash and in a checking account for immediate access when needed. I also keep a portion in a HISA to earn a bit of interest while maintaining liquidity. Thanks for watching!

Glad you found the video helpful! Thank for you for watching and the kind words!

Great question! I use Norbert's Gambit to convert my Canadian dollars (CAD) into US dollars (USD) at a much better rate than traditional banks or exchange services (Link to a video describing how to do this in the description). Additionally, I do have US currency on hand due to my work with US clients, which helps with making direct investments into American ETFs. This strategy allows me to get the most out of my investments while keeping costs low. Thanks for watching!

I consider a mortgage to be "good debt" since it’s tied to an appreciating asset-your home. Unlike high-interest debt like credit cards, paying down your mortgage builds equity in something that grows in value. Because of this, I don’t think it needs to be paid off early. Instead, focus on sticking to your regular payment plan while maxing out your TFSA and RRSP. Over time, the returns on those investments will likely outpace the interest on your mortgage. Your rainy-day fund is also a fantastic achievement, and it’s especially important when owning real estate. Homes often come with unexpected costs like repairs, maintenance, or property taxes, and having 6+ months of expenses saved ensures you’re prepared for these surprises without derailing your financial plan. Keep avoiding high-interest "bad debt" like credit cards or unnecessary car loans, and you’ll stay on track for long-term success! Congratulations on your achievements so far, thanks for watching!

Great Question! Elon Musk can pay the loan without getting taxed because loans are not considered taxable income. Whether the loan is under his personal name or his company’s name doesn’t change this. If the loan is personal, he repays it using his personal assets or income, and this repayment isn’t taxed. He doesn't need to use his company to repay the loan; it can be paid personally. The key point is that loans are not income, so they aren't taxed until he sells assets to repay the loan or takes income from another source to do so. Thanks for watching!

That's great to hear, Thanks for watching!

XEQT or VEQT are great low risk all-in-one ETFs with average yearly returns of around 8-9%. Wealthsimple offers a product called Wealthsimple Save, which functions as a high-interest savings account within your TFSA. This allows you to: Earn interest on your emergency fund tax-free. Hold both a HISA and ETFs or stocks in the same TFSA account. Thanks for watching!

Hi Frank, I am actually filming the video for that tomorrow, and I should have it online by Wednesday/Thursday at the latest. I will be doing a break down of XEQT and comparing it against the VFV/XIC/XEC portfolio. Glad to hear my next video is a topic you are interested in and Thanks for watching!

@@GaryGillX looking forward to seeing the video!

@@GaryGillX Is this XEQT video out already? Thanks for your videos, they're great to watch!

The XEQT video is not out yet:) Thanks for watching the video!

Hi Jacob :)

Great question! I’ll have to convert my RRSP to a RRIF by the end of the year I turn 71. Starting the next year, I’ll need to withdraw at least 5.28% of the total RRIF value at the beginning of the year. Dividends earned within the RRIF will count toward this withdrawal amount. A year’s worth of dividends, possibly combined with small stock sales, should be enough to cover the minimum. However, the percentage I’m required to withdraw increases as I get older. For example: Age 72: 5.40% Age 73: 5.53% Age 80: 6.82% Age 90: 11.92% It's important to note that once my RRSP is converted to a RRIF, I won’t be able to make any more contributions. But I don’t expect any issues withdrawing from the RRIF as required or runnimg out of money, and any remaining funds will eventually be passed on to my children. I hope that answered your question. Thanks for watching and subscribing!

What do you think of dfn in a tsfa for income

Hi Mary, DFN (BMO Dividend Fund ETF) is a good choice for a TFSA if you're looking to maximize income, especially for those closer to or at retirement, since it focuses more on dividends rather than capital gains. However, I recommend adding this ETF to a diversified portfolio with other ETFs to help reduce risk. Relying on just this one ETF for income will expose you to more volatility. Thanks for watching!

@@GaryGillX thank you for taking the time to write in such detail. I can see you are so passionate about your subject. one Q if i may pls - can you transfer RRIF to kids? never really heard of it. Is it by opening a trust or has a seperate process?

Yes, you can open a trust since you can’t transfer a RRIF directly to your children while you’re alive. Without a trust the full value of the RRIF is taxed as income on your final tax return, unless it goes to your spouse, who can transfer it tax-free to their own RRIF or RRSP. If a child is under 18 or has a disability and depends on you financially, the RRIF can be rolled over to their savings tax-free. For adult children who are not dependent, the RRIF is taxed and then added to your estate before being distributed.

XEQT is a great option for investors. If you’re dealing in US currency, VOO is an ideal choice. However, for registered accounts like TFSAs, keep in mind there’s a 15% withholding tax on dividends from US-based ETFs. I’ve broken down VOO and its impact on TFSAs and RRSPs in my previous video, "Best TFSA & RRSP ETF Portfolio in 2025". Be sure to check it out for more details. Thanks for watching! Thanks for watching!

A safe strategy would be to mimic your TFSA by holding more VFV, XIC, and VGRO. In my previous video, I broke down my current RRSP, which leans more towards dividends and capital gains. If you're far from retirement, I suggest focusing on ETFs that emphasize capital gains, similar to your TFSA strategy. As you get closer to retirement, you can shift your focus to dividend-heavy ETFs in your RRSP. Thanks for watching!

Very nice pick with PLTR in 2023, you will have a very comfortable retirement! Thanks for watching!

Thats a great portfolio and congratulations on the 70k invested by only 34 years old! Thanks for watching!

@@GaryGillX Hey thanks bro, I am sure your portfolio will do great as well!

Unfortunately VUG does not have a direct equivalent listed on the Toronto Stock Exchange (TSX) But if you're looking for a TSX-listed ETF that focuses on growth VGRO (Vanguard Growth ETF Portfolio) is listed on the TSX and may be a good option for you. Thanks for watching Mehtab!

Thanks for watching!

Glad you enjoyed it, thanks for watching!

Thanks for watching!

Hello! And thanks for watching!

I forgot to mention how to avoid the currency exchange fees when purchasing US stocks in this video. Please check out the link in the description showing how. Thanks!

I'll be watching it's performance out of curiosity but I wouldn't recommend GRNY to new investors. Thanks for watching!

Thanks for watching!

Thanks for watching!

Thanks for watching!

Thanks for watching!

Ahh yes coming from a keyboard warrior that has done nothing with their life. Bravo.

Check out my full length video on why Elon is set to become the Worlds First Trillionaire!

Thanks for watching!

Thanks for watching and the additional info regarding townhouse costs!

The quote was being used more to highlight how homes can eat up income with lower returns (case by case basis) compared to investing in an Index-fund, once you buy gold or a monet, there are no additional costs like with home ownership, and both gold and art have a historical annual return of 5% or more. On a side note, the more I have been reading up on Kiyosaki, the more I wish I hadn't used him as my reference quote.

Thanks for watching!

Thanks for watching the video Gary. Yes, $2500 is cheap compared to Toronto, the house is located outside Vancouver. My neihbor has no mortgage and has lived in the home for 30 years, so he is able to charge a lower rent to same tenant he has had for years. Condos in downtown Vancouver have comparable rent to the example you gave and in hindsight I could of used that as a great second example :) Thanks for your feedback, I appreciate it, and thanks for watching!

Glad you enjoyed the video, thanks for watching!

I’m glad you are covering this topic on Rent vs buying. It’s sad people are never diligent enough with their investments to take advantage of compound interest.

You're welcome, thanks for watching!

Hi Investing Grind, Yep I will have a video up covering the alternatives Canadian Investors in the next few weeks, and also going over how Canadian investors can leverage the ETFs in this video with minimal/no foreign tax deductions! Stay tuned and thanks for watching!

Hi Bob! Will do. I have future video planned to give my Canadian equivalents of these stocks! It will be a similar structure, I will provide information on the ones I personally own, and then 3 solid alternatives. Thanks for watching!

I have plenty of love :) But wanted to keep the video short and to the point so many other ETF's I like weren't included! But that's a great reason for me to make future videos! Thanks for watching!

Congratulations on the 100k! and Thanks for watching the video, I appreciate it. And I like the "Mediocre 7", I'm going to steal that saying :)

Thanks for watching my first video! I will be making a detailed video on my exact retirement strategy soon. I will be uploading content weekly as well.

@@GaryGillX keep up the good word

Congratulations on setting yourself up for a comfortable retirement. I will be talking about setting up an investment fund for our kids in a future video as well, I was working on the script for that video today! Thanks for watching my first video and I will be uploading weekly!