Looking to grow your assets? A ‘core-satellite’ strategy can help you score and still protect the net. If you want to build and grow a core portfolio, think of good piece of music or a great hockey team, says Alexandre Viau.

While money contributed to an RRSP is taxable when withdrawn, contributions to a TFSA are made with after-tax dollars and are not subject to any further taxation. As a result, every dollar in a TFSA will be earning tax-free interest.

Anyone who has followed the economic headlines in recent years has heard plenty of concern being raised over Canada’s burgeoning debt-to-income ratio. For many, the figure is alarming, yet they don’t know what their own debt-to-income ratio actually is. But don’t worry if you find yourself in that majority, since even economists differ on what it really should be.


Investing can be risky, but diversification can help make your portfolio immune to the effects of economic cycles. Investing can be risky. It’s an indisputable fact that any investor must face when deciding what to do with their hard-earned wealth. But Martin Lefebvre says taking smart risks can bring rewards, if you understand what’s involved. “The first thing is to know your own true risk tolerance,” says Mr. Lefebvre, vice-president, chief investment officer and strategist at National Bank Private Banking 1859.

According to the 2014 edition of the annual Andex Charts, the average return on Canadian, U.S. and international equities has varied between 9 and 11% since 1950. That means a $100 investment in the S&P 500 in 1950 would have been worth more than $66,000 by 2014 (660 times the initial outlay). This result demonstrates the value that stocks can create for long-term investors.

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.