Weekend Reading – Bonds in RRSP, new looks and tax refunds

Weekend Reading – Bonds in RRSP, new looks and tax refunds

Welcome to your Weekend Reading list where I share some of my favourite articles from the week that was.

This week I posted the following articles:

I answered this reader question about just starting to invest.

I shared an update on our 2014 financial goals.

Enjoy these articles below and my commentary about them.

From MoneySense, do bonds still belong in an RRSP? Based on low yields and for a few others reasons, I don’t invest in bonds anymore but if you do, this is important context current to the time of this post:

“But while you could get 5% on bonds a decade ago, the current yield on 10-year Government of Canada bonds is about half that today. To return to our example, if the $1,000 bond yielded 2.5% it would generate $25 in annual interest, resulting in a tax bill of just $11.25. In that case, you would enjoy greater tax deferral by holding the equities in your RRSP. Does that mean the old asset location rules no longer apply?”

Mr. Money Mustache has a new cool look.  

BrighterLife told us how a tax refund could make our life brighter.  Thanks for including my take and for being a fan of this site.

Ben Carlson shared some of the ups and downs from Buffett’s years.

How To Save Money said it might be a good time to look at Tangerine for banking.   The incentive is good but I’m not sure it’s worth the hassle to change all my banking information now.   I’ll give it some thought…

One of my favourite sites Million Dollar Journey listed 4 things investors should be mindful of.

Last but not least, it was great to see Preet, Rob, Michael, Ram, Larry and Alan this week, chatting about real estate gone wild, robo-advisors, the best (and worst) things about poutine and how TD bank still doesn’t have a U.S. dollar RRSP or TFSA.

See you next week with a post about the dividend tax credit, or indexing, or both.  

Have a great weekend!

My name is Mark Seed - the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, I'm looking to start semi-retirement soon, sooner than most. Find out how, what I did, and what you can learn to tailor your own financial independence path. Join the newsletter read by thousands each day, always FREE.

11 Responses to "Weekend Reading – Bonds in RRSP, new looks and tax refunds"

  1. Thanks for linking to my article on my switch to Tangerine. You don’t have to make a full switch if you do decide to go for it. You can just open a savings account and take advantage of interest rate promotions. You probably have most of your money invested anyway, but it’s a thought.

    I have a post coming out on Tuesday further detailing my strategy so stay tuned for that.


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