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Though we are just heading into October, tax loss selling season is about to kick off. Every year it appears as though this en masse selling starts sooner and sooner. Don’t be part of the herd of investors looking for a bid come this year’s deadline (December 30, 2024)…get ahead of them.

A Registered Retirement Savings Plan (RRSP) can help you build long-term savings faster with tax-deferred investment growth, while offering a valuable tax deduction for your contributions. Here’s a quick summary of the key features and benefits of an RRSP.

Tax Deferral

Save for both short- and long-term goals with tax-free growth

With a Tax-Free Savings Account (TFSA), you pay no taxes on investment gains, capital gains or on withdrawals, making this type of registered plan a flexible solution. Here’s a quick summary of the key features and benefits of a TFSA.

Truly tax-free

We are heading into tax loss selling season. This year might be ugly considering poor sentiment not only towards the mining sector specifically, but overall market as well. A couple of reasons why you might want to consider crystallizing capital losses well before this year’s December 27th deadline (for Canadian equities).

Over the past few weeks, I have had numerous conversations with clients and people within the industry, where the topic of discussion eventually turns to the lack of volume and general malaise of the TSX Venture Exchange. But just how poor are trading volumes (or liquidity as we call it) of late? How does the current low liquidity compare to previous periods?

Are you looking for a smart and efficient way to grow your wealth? Consider investing through a Tax-Free Savings Account (TFSA) and open the door to a world of incredible benefits. With a TFSA, you can supercharge your investment strategy while enjoying significant advantages. Here's why investing through a TFSA is a game-changer:

I wanted to take a moment to explain the benefits of investing through an RRSP (Registered Retirement Savings Plan).

Starting January 1, 2023 you can contribute an additional $6,500 to your tax-free savings account (TFSA). This is an increase from last year's contribution limit of $6,000. This brings the lifetime total contribution limit to $88,000 - provided you were at least 18 years old in 2009.

Starting January 1, 2022 you can contribute an additional $6,000 to your tax-free savings account (TFSA). This brings the lifetime contribution limit to $81,500 total, provided you were at least 18 years old in 2009.

With a TFSA, you have the ability to contribute up to the maximum allowable anytime during the calendar year. Any unused contribution room carries forward.

In an investment universe where stocks are at or near all-time highs, bond yields and interest rates near all-time lows it is becoming increasingly difficult to find investment opportunities offering a favourable risk-reward ratio or securities deemed undervalued.