Quotes of the Day

If gold rises to $10,000 an ounce, which I believe is probable, this would reflect less a speculative surge in the value of a precious metal. [2008] - Shayne McGuire

Most lenders require a DCR (debt coverage ratio) of at least 1.20 in order to finance an income property. A property with a 1.20 DCR has income before debt service that is 1.20 times as much as the debt service--in other words, the property generates 20% more net income than it needs to make its mortgage payments. [2004] - Frank Gallinelli

Your brochure or your company product or service report should be technical. Never, ever, use a brochure in the mail without an accompanying sales letter to amplify and dimensionalize it. [2000] - Jay Abramham

Whoever mentions a salary figure first, generally loses salary negotiation, at the end. [2013] - Richard N. Bolles

When you hold US stocks in your RRSP, there are no withholding taxes from Uncle Sam. In fact, Canada has a tax treaty with the US government that excludes retirement accounts (such as RRSP and RIF) from being taxed. Unfortunately, it is not as simple when you are buying the very same US stocks in a non-registered or cash account as well as the TFSA. If you are able to maximize both your RRSP and TFSA contribution, you should go for US stocks only in RRSP and Canadian stocks in your TFSA. Note that capital gains are not taxable in both RRSP and TFSA accounts. [2012] - Mike Heroux