Category: Foundations
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How about REITs?
How might Real Estate fit into diversified investment portfolios? And how might Real Estate Investment Trusts (“REITs”) be a good way to passively invest in real estate? This post will explore what REITs are and how investors might use them. Printing Dirt The real estate investor Phil Ruffin once said that “you can print money,…
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Bumps and Pipelines
When someone dies owning private company shares, there is a risk of double or even triple taxation. A deceased individual’s estate owning private corporation’s shares may be taxed because of the deemed disposition at death of those shares (capital gains tax). There may be tax payable by the corporation when it sells assets to fund…
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A High Yield Portfolio
Many wealthy and retired investors have their primary investment objective as income generation. So, this post identifies 10 Canadian blue-chip investments with high yields that might be suitable for your portfolio. The holdings listed below are “blue-chip” since most are members of the S&P/TSX 60 Index and all are established companies with long track records.…
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Am I exposed to US estate taxes?
Canadians might be surprised to learn they may be exposed to US estate taxes. This post describes the risks to Canadian investors and how they might protect themselves. US Estate Taxes When Canadians die owning US situated assets worth more than $60,000 USD, they are required to file a US estate return. Then, if your…
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What is a Robo Advisor?
A robo advisor is an investing advisory and rebalancing service where recommendations and trade execution are delivered programmatically. This post compares the costs and benefits of using a robo advisor compared to a human investment advisor. It also lists the top robo advisors in the US and Canada. Investment Process with a Human Advisor Many…
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Disbursement Quota for Canadian Charities
Following political pressure for Canadian charities to spend more of their capital, the federal government announced in their 2022 budget that the Disbursement Quota (“DQ”) for registered charities will be raised to 5%. This post describes the latest changes to the disbursement quota and how they may affect your private foundation. What is the Disbursement…
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Foreign Currency Cost Base Reporting
Unsurprisingly, the Canada Revenue Agency (CRA) demands taxes be paid in Canadian dollars. This is simple enough when you earn income in Canada, since you were likely paid in Canadian dollars anyway. Your Canadian based investments are also likely quoted in Canadian dollars, which makes reporting your investment income based in Canada simple as well.…
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Ethereum Transition to Proof of Stake
Sometime later this year, Ethereum is set to make the biggest change in its near-decade history, an event that’s certain to ripple through the entire ecosystem of cryptocurrencies and digital assets. The Ethereum blockchain will transition from a proof of work system to a proof of stake system. Ethereum has become the most popular blockchain…
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Some Investing Advice
When I was a kid, I had a Nintendo plugged into an old black and white TV in my bedroom. The best game I had was RBI Baseball. In it, you can run “watch” mode. So, instead of playing against the computer, you could simulate games where the computer would play itself. I started investing…