Quotes of the Day

The lowest risk/no risk customer could receive the prime rate of interest (lowest) from a loan. Higher-risk businesses (a borrower who has few assets, has only recently become employed or is self-employed, or has a spotty credit record) could be paying prime +1% to prime +8%, if they can get any funds at all. [2006] - Douglas Gray

When presenting ideas, products and services to couples, watching who mirrors whom reveals where the ultimate power or final decision-making ability lies. [2004] - Allan Pease

It's preferable to use tax-favoured or non-taxable forms of income once you're over the first federal bracket, assuming that you have non-registered assets. This will put less strain on your income-producing assets and help to conserve and preserve them. From an efficiency perspective, it's usually preferable to have non-registered investment returns in the form of capital gains rather than dividends. The dividend tax credit gross-up inflates your net income figure. What you ultimately want to do is create the amount of after-tax cash flow that you require while keeping your net income figure relatively low. [2019] - Daryl Diamond

Most online discount brokers don't charge ongoing fees for investment accounts with balances above a given level-usually somewhere between $10,000 and $25,000. Accounts below this level may be hit with an 'administration' fee of $100 annually. Fortunately, there are a number of significant exceptions to this general rule that can allow small investors to avoid these fees. Some major online discount brokers don't charge ongoing administration fees for TFSA accounts of any size, while others will waive fees if you make monthly or quarterly deposits. [2018] - Larry Bates

Mutual funds work best in retirement accounts. [2009] - James DiGeorgia