Canadians investing in us stocks
Now if you are a Canadian and an investor like myself, you may feel to invest in us stocks and reap more benefits. But here are a few tips below before you do so. Don’t investin us dividend in a tfsa account: Investing us dividend in a tfsa makes you lose the benefits of the tfsa since all dividends paid to you from your us stocks will have a automatic tax of 15% from the IRS. Instead invest your us dividend stocks in a RSP (also known as RRSP) and therefore no 15% (due to US – Canada treaty) or a unregistered cash account so you can write off the IRS tax to Revenue...
read moreDraconis Software Releases RSP
Reading, MA (PRWEB) July 14, 2004 Draconis Software, a new company specializing in IT server monitoring and analysis software, today announced the initial public release of its flagship server monitoring and analysis software RSP. Combining real-time server monitoring features with advanced analysis tools, RSP gives IT managers new insights into their IT infrastructure’s health
read moreWhat are mutual funds and what they do in simple terms
First off all as a notice I am not a financial planner and you should always seek professional advice before investing. Now that the notice is over let me talk to you about mutual funds, what they are, what they do and how you can make $ in return. In short mutual funds is a pool of funds invested clients which your investor will then buy stocks, bonds or dividend and the hopes to make you profit. The reason I say hope is because like everything life there is no guarantee. Now first I will explain the differences between stocks, bonds, and dividends. Stocks: In short they are shares that...
read moreRSP and RRSP what is the diffrence?
One thing that I noticed some people ask was is the difference between rsp and rrsp. First of all rsp stands for registeredt saving plan and rrsp stands for registered retirement saving plan. The truth is their is no difference between the two. It is simply because now that rrsp owners can take out funds (up to $25 000) for their first home or take out ($10 000) for their college or university studies many banks, including the government calls it RSP. So no matter if your bank calls them rsp or rrsp, it is still the same and you will get your contribution receipts. Next time I will talk...
read moreWhat are GIC`s
In this articles I will try to educate you, my readers that may have little or no knowledge of what gic`s are. As for the experts reading this as well feel free to post your comments below this article. GIC stands for Guaranteed Investments Certificates. What they do, for the investor or clients, is a way to get a fixed, yet higher interest that a regular saving account. GIC have different terms. from short term, to long term investments, which the longest for most banks is 5 years. In most times, banks will offer you a higher interest for a longer term. Some banks, for example, for a 5 year...
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