Canadian Investing and Personal Finance
The world is transitioning to #cleanenergy and #renewableenergy. In this video, we’ll see how it is going, and where peak #oil demand is.
The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.
The Advanced Investing: Stock Analysis Course is at https://canadianmoneytalk.ca/advanced-investing-stock-analysis-course/
My Investing & Personal Finance Basics course is at https://canadianmoneytalk.ca/investing-personal-finance-basics-course/
The video looks at the state of #Canadian #rental #market and #housing #affordability.
The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.
I look at the #market, #marketnews, #marketupdates and overall #businessnews for the #week ending May 12, 2023.
The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.
I look at #canadian #realestate in April 2023 and look ahead at the rest of #2023 and beyond.
The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.
The video argues that a young, increasing #population is the key to increasing #GDP and #economic #growth.
The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.
I went through my process of getting #OptionsIncome by selling #PutOptions for #Cashflow.
The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.
I went through my process of getting #OptionsIncome by selling #PutOptions for #Cashflow.
I use an options strategy to generate additional income, and buy cheap stocks. I sell Put options for immediate cash, and promise to buy the underlying stock at a price lower than it is today. I am selling insurance against the stock going down. If the stock goes up in price, the insurance (option) expires worthless in 6 weeks, which is my best case scenario, as I got the cash premium up front for nothing. If the stock goes below the price I promised to buy it for, I have to pay the price I promised, and get the stock. I only do this for stocks I own and like, and would buy anyway. I have the cash available to purchase the stock. If I didn’t have the money, I could buy the option back, generally at a loss.
The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.
If you are using a non-registered (cash) account for your investing for cash flow and dividends, you may want to invest in Canadian Eligible Dividend payers. The dividends they pay get taxed very leniently, especially in lower tax brackets – check www.taxtips.ca for your province’s tax treatment. In BC, if I have no other income, the first approximately $50,000 of the dividends is not taxed at all, for example – see below. The government is encouraging us to buy Canadian. And the money you keep, not the money you earn, is important.
I compiled a list of Canadian dividend payers, and classified what types of dividends they pay. I tried to find a list online previously, and mine appears to be the first one. Even the CRA tells you to check the company’s Press Releases or website (Investor section). You should confirm the taxes on the dividends before buying the stock, by looking for “eligible”, “eligible dividends”, “enhanced” and the phrase section 89(14) of the Income Tax Act on the company’s site or in the Press Releases.
You also have to be an individual (other than select trusts) and be a Canadian Resident to qualify for the great tax treatment.
I look back at #canadian #realestate and look ahead at #2023.
The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.
I went through my process of getting #OptionsIncome by selling #PutOptions for #Cashflow.
The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.
Canadian Money Talk