Investment Accounts Simplified and 5 Stocks on Our Radar

Simon and Dan kick off this episode with a clear, beginner-friendly walkthrough of the main Canadian investment accounts. If you’re not sure which account to pick or you need a refresher, the first half of this episode is for you. TFSA, RRSP, FHSA, RESP, taxable and locked-in accounts, Simon and Dan go over how they work, when they make the most sense, and the biggest pitfalls to avoid (like TFSA over-contributions and RRSP withholding tax surprises). It’s a perfect primer to share with friends and family who want to start investing but aren’t sure which account to use. 

If you’re already familiar with these accounts, in the 2nd half of the episode Simon and Dan go over 5 stocks on their radar.

Tickers of stocks discussed: WSP.TO, TIH.TO, PD.TO, TECK-B.TO, TSM

 

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