Please post an A to Z video for beginners on how to use Wealth Simple and Bitbuy so we can join both under your link. What success books are you and Simran currently reading? Keep up the great work Navjot and Simran 👍
Great Video Nav! If I may suggest, 1. It will be very beneficial for the audience if you can add video timeline/chapters. 2. You are heavily invested into Canadian market with same underlying stocks in VDY, XEI and XIC. ETF does spread your risk but again, all your eggs are in the same geographically located basket. My diversification are in these ETFs: XIC, VFV, VRE and VEE. My funda is similar to yours, automate it once and forget it. Thus, I have built an excel based calculator that helps me rebalance my 4 ETFs portfolio every month.
Old is gold kinda advice but we need to listen to teacher to understand. Thanks Nav. If possible plz do share tutorial on how to use wealth simple for Investing in TFSA. Thanks 😍🥰
Hey Nav, Thanks for the update. I have been investing in Canada via Wealth Simple, including a couple of stocks and 4 ETFs. The only question I have is, there is a 50% tax on our capital gains. Whether we use TFSA or RRSP. Still, the tax is applicable on our gains. Correct me, If I am wrong. Thanks for your response in advance.
Hi Potatotalkies.. was reading about holding VFV in wealthsimple Tfsa will attract 15% withholding US taxes right? Is it a good idea to have it in RRSP?
Yes, it will attract 15% withholding tax on gains, however you can claim a refund at the time of filing your taxes and you receive a tax refund. It’s cumbersome, but that’s the cost of diversification 😀 nothing wrong in doing it in RRSP too 👍
@@Potatotalkies Oh okay that will be charged when we redeem and not until we hold it. Are you sure. Because it gives dividend and that also gets taxed.
@@meghagupta4945 you cannot link TFSA with Wealthsimple - you can only link chequing account with WS TFSA account Do try to download WS first. You will know what to do there. It’s very well organized
Hey Navjot, you are right if we are not investing then we are losing money to inflation, and while I agree that one must invest in the country/ market they are living in, however, I would love to understand the avenues of investing in Indian markets as an NRI, as per my analysis Indian economy is most likely set to give higher returns on investment in the next decade than Canada. Can you please cover this topic? as there is very very limited information available on youtube and that makes me wonder how do NRI's invest in India or send money to India
Hi Navjot... Is it wise to bring your additional money above required levels to bring to Canada n invest vs keep in India n invest . Also invest your savings of Canada in Canada or send it back to India and invest there... N what can be those investment in India?
Great for new investors and just adding one more point Don’t bring the money out from investment if the Value of stock or crypto going down telling from my own experience and always keep some money in investment wallet for not losing the chance from buying a right investment at a good price.
The mortgage interest rates are going up. Do you still think that you made a wise decision buying real estate properties that too with variable interest rates. Does that put more pressure on your budget ?
Hi, I have a query regarding part time job in Toronto. My husband has come as dependent and dont have open work permit. Will he be able to apply for part time job(hourly basis) for sometime until he gets open work permit ?
I am from India my wife is main applicant of FSW outland We have received PCC request 2 nd time I was studying in UK from 2010 to 2012 i have submitted my UK PCC in 2020 and I have not been to UK since 2012 So my question is do i apply UK PCC again Please guide
Felicidades, es un buen ejemplo. 474 sentadillas son unos LIKESEX.Uno muchas y un buen ejercicio. Se deja ver que hay muy buenos resultados 😍👍 Saludos desde la Cd.. de world 🌹😉💖 los mortalesu abian apreciado tan hermosa mujer.k
Please post an A to Z video for beginners on how to use Wealth Simple and Bitbuy so we can join both under your link. What success books are you and Simran currently reading? Keep up the great work Navjot and Simran 👍
Yes very true, excel is the best & easy way to track and record credit and debit entries . It's a life saver 🙌
Great Video Nav! If I may suggest,
1. It will be very beneficial for the audience if you can add video timeline/chapters.
2. You are heavily invested into Canadian market with same underlying stocks in VDY, XEI and XIC. ETF does spread your risk but again, all your eggs are in the same geographically located basket. My diversification are in these ETFs: XIC, VFV, VRE and VEE. My funda is similar to yours, automate it once and forget it. Thus, I have built an excel based calculator that helps me rebalance my 4 ETFs portfolio every month.
Thanks for the tip Robin. Will look into it
Thanks a ton👍👍👍
All your videos are very informative, thank you!
Very informative and motivational video sir. Thankyou!!
Old is gold kinda advice but we need to listen to teacher to understand.
Thanks Nav. If possible plz do share tutorial on how to use wealth simple for Investing in TFSA.
Thanks 😍🥰
I love these kind of videos. ❤️ from Winnipeg 🙂
I live near you bought your house in Calgary, I also make TH-cam videos of showing good place of Calgary!
👏👏
Superb
Loved the video😍 Very Informative.
Very informative video …Excellent 👍👍👍👍
You are just amazing Navjyot
very nice informative video awesome navjot sir !
Hey Nav, Thanks for the update.
I have been investing in Canada via Wealth Simple, including a couple of stocks and 4 ETFs.
The only question I have is, there is a 50% tax on our capital gains.
Whether we use TFSA or RRSP.
Still, the tax is applicable on our gains.
Correct me, If I am wrong.
Thanks for your response in advance.
Not in TFSA :) there is no capital gains there. It’s tax free withdrawal
Informative sir
Hi Potatotalkies.. was reading about holding VFV in wealthsimple Tfsa will attract 15% withholding US taxes right? Is it a good idea to have it in RRSP?
Yes, it will attract 15% withholding tax on gains, however you can claim a refund at the time of filing your taxes and you receive a tax refund.
It’s cumbersome, but that’s the cost of diversification 😀 nothing wrong in doing it in RRSP too 👍
@@Potatotalkies Thank you. So, does that get automatically calculated and shown to us in wealth simple tax or we should reach out to the accountant.
@@motivationshortsadda I think accountant. I don’t know yet, because I haven’t sold anything and don’t intend to sell any for the next 20 years 😀
@@Potatotalkies Oh okay that will be charged when we redeem and not until we hold it. Are you sure. Because it gives dividend and that also gets taxed.
Do you have a video if renting or buying is better ?
Buying is better in the long run renting is better if income is low and if you’re planning to stay temporarily in Camada
Hey Navjot,i have query about did you mean we can link EQ TFSA to wealth simple app to invest?
I don’t think you can… you can link your checking account to Wealthsimple though
Can you please elaborate in the video you said you can link TFSA with wealthsimple it can be any TFSA account? Or any specific one?
@@meghagupta4945 you cannot link TFSA with Wealthsimple - you can only link chequing account with WS TFSA account
Do try to download WS first. You will know what to do there. It’s very well organized
Thank you Nav😊 I am just beginner trying to understand finances stuff.
Hey Navjot, you are right if we are not investing then we are losing money to inflation, and while I agree that one must invest in the country/ market they are living in, however, I would love to understand the avenues of investing in Indian markets as an NRI, as per my analysis Indian economy is most likely set to give higher returns on investment in the next decade than Canada. Can you please cover this topic? as there is very very limited information available on youtube and that makes me wonder how do NRI's invest in India or send money to India
Hi Navjot... Is it wise to bring your additional money above required levels to bring to Canada n invest vs keep in India n invest . Also invest your savings of Canada in Canada or send it back to India and invest there... N what can be those investment in India?
Great for new investors and just adding one more point
Don’t bring the money out from investment if the Value of stock or crypto going down telling from my own experience and always keep some money in investment wallet for not losing the chance from buying a right investment at a good price.
100%
What if you make...$1.5 lac in canada..is this bad?
Or good/too good?
Very good salary
The mortgage interest rates are going up. Do you still think that you made a wise decision buying real estate properties that too with variable interest rates. Does that put more pressure on your budget ?
100% right decision :)
It’s much cheaper to break a variable rate for refinance. And we bought for 10 years… can’t lose in 10 years :)
Hi navjot, what are some of the banking options like eq bank in Vancouver?
Eq bank is in BC too
@@Potatotalkies wow thankyou
Please make a video on mortgagee broker license and everything after getting license...
Coming up Next week :)
@@Potatotalkies is there a video for this topic kindly make video on how to become Mortgage agent with full time job?
AWESOMES
Hi,
I have a query regarding part time job in Toronto.
My husband has come as dependent and dont have open work permit.
Will he be able to apply for part time job(hourly basis) for sometime until he gets open work permit ?
Sir 👳♂️ ji. I have 1 Q. Reply please. 😊
At 40 making decisions settle in Canada is worth ?.
I am from India my wife is main applicant of FSW outland
We have received PCC request 2 nd time
I was studying in UK from 2010 to 2012 i have submitted my UK PCC in 2020 and I have not been to UK since 2012
So my question is do i apply UK PCC again
Please guide
Have a look nomad capitalist YT channel on why wealthy Canadians are leaving canada
👌👌🙏
Ham first ham first😛😛
👏👏👏
I think your math is wrong here
Maths toh thi ho nahi kahin :)
Felicidades, es un buen ejemplo. 474 sentadillas son unos LIKESEX.Uno muchas y un buen ejercicio. Se deja ver que hay muy buenos resultados 😍👍 Saludos desde la Cd.. de world 🌹😉💖 los mortalesu abian apreciado tan hermosa mujer.k