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Use Credit Card Points toward RRSPs etc.
If you have a Royal Bank or National Bank of Canada credit card that accumulates points, you can redeem those points for much more than a new desk lamp. While certain TD, Scotia, BMO and CIBC cards...
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Cash Back Cards and Contributions
Following from yesterday’s post, it seems to me that if you’re disciplined, you might be able to achieve the same effect even if you don’t have an RBC or National Bank of Canada point collecting card....
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A Simple Plan
I use RBC’s Direct Investing as my brokerage and have my portfolio set up to reinvest dividends. I’ve used and enjoyed this system for years, but TFSAs have me thinking about new strategies for the...
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Maple/Greenback Conversions within RRSPs
With the exchange rate between the American and Canadian dollars at a hair’s breadth from par, it has given me a good opportunity to see what my brokerage is charging me to receive U.S. dividends. If...
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No Market-Linked GICs in Self-Directed Plans
Recently I’ve been trying to consolidate RRSPs. I set up my self-directed RRSP with RBC mainly to hold my U.S. stocks so I wouldn’t be slapped with the 15% withholding tax on dividends. What I didn’t...
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Update on Holding U.S. in D.I. RRSPs
I think I’ve been on the phone with Direct Investing more times in the past 6 months than I had been in the 10 years prior. I was talking to them again last night about something, and thought I would...
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Strip Bond Basics
I have a few posts planned about strip bonds (also called zero-coupon bonds), but I thought I should give a crash course in case some readers aren’t familiar with them. I think the majority of readers...
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Changes to Canada Savings Bonds
Yesterday’s post reminded me that I saw that there were some changes made to the Canada Savings Bonds Program which will take effect later this year. 1. Sales period shortened by two-thirds: Since...
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RBC Direct Investing RRSP Update
As promised, RBC Direct Investing began offering the option to hold U.S. cash and securities within an RRSP as of May 14th. I called early the next week to have my U.S. securities transferred back into...
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Change Cards… Not Accounts
Banking can sometimes be a lot like baking. Change an ingredient and you change the result. Sometime ago I changed my bank account to reflect my usage. I changed from a monthly fee to a free, pay per...
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Another RBC Direct Investing RRSP Update
Back in May I gave an update after I moved all my U.S. securities held in my RRSP back into American dollars. Feel free to take a look at the original post to get the back-story. I was quite happy in...
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Using Credit Card Points Toward RRSPs Revisited
One year ago I wrote my first post on this blog. It was a simple little post about using reward points on RBC or National Bank credit cards toward RRSPs held with those banks. I don’t think anyone read...
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