One of Canada’s top 50 wealthiest people, John McCall MacBain, provides insight into some of the basic financial strategies of a billionaire.

What is an investment fund, you might ask. An investment fund (or mutual fund) is an investment that pools your money with that of other investors to purchase a portfolio of individual securities. The fund units you own represent your share of the fund's investment portfolio.


Since it was first launched in 2009, the Tax-Free Savings Account (TFSA) has been an unqualified success. The proof: some 8.2 million Canadians currently hold this investment vehicle, which allows them to grow their savings tax-free and pay no income tax on withdrawals. But if an RRSP and a TFSA provide the same return, would the TFSA always be the better choice for everyone? Here follows a description of the advantages of TFSAs in each of the four cycles of life.

On June 22, National Bank will offer clients access to the world of responsible investment with the launch of its new guaranteed investment certificate (GIC), the Socially Responsible GIC – Canadian Market. This tangibly demonstrates the Bank’s commitment to social responsibility and its desire to allow all investors to act on their environmental, social and governance (ESG) concerns. This GIC is a brand new way to make equitable investments, without compromising on returns!

For those perplexed by the question of whether it is better for you to contribute to an RRSP or a TFSA, the best answer is to contribute to both. But in a lower after-tax dollars world, there are advantages and disadvantages to be had with both, depending entirely on your own personal financial situation.