Weekend Reading – Low-cost ETFs, The Masters, Biden and your finances and more!

Weekend Reading – Low-cost ETFs, The Masters, Biden and your finances and more!

Well Hello!

Welcome to my latest Weekend Reading edition where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere.

You can find my previous Weekend Reading edition below!

Weekend Reading – Transparent declaration of fees, dividend ETFs, BMO promo codes and more!

The Masters is on this weekend – so I won’t be getting much work done but that’s a good thing. I enjoy my downtime πŸ™‚

Whatever your plans are, have a great weekend and enjoy!



Weekend Reads

A reminder about this giveaway below on my site – you have a few hours left to enter and win!

Income Investing Explained – Interview and Giveaway

I updated My Financial Independence Plan this week – with the final segment to be posted next week!

A reader asked me about my favourite low-cost ETFs. 

You can see my list of top, low-cost ETFs on this dedicated ETFs page here. 

Here is what a Biden Presidency might mean for your finances from Of Dollars and Data.

Credit Card Genius told us everything we need to know about the revised Aeroplan program. 

Dale Roberts is back to try and make sense of the markets this week.

Kudos to Our Life Financial in this passive income update.

How much is $20 worth? A bundle. If you can keep the discipline of course as A Wealth Of Common Sense knows very well. 

20 per month - A Wealth of Common Sense

Real money indeed. Image from Ben’s post. 

Happy investing and see you in the comments section!


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.

14 Responses to "Weekend Reading – Low-cost ETFs, The Masters, Biden and your finances and more!"

  1. Thanks for reminding visitors to enter you contest to win a copy of Income Investing Explained. I’ve also decided to offer a book giveaway, as a Christmas gift. Winner will be selected December 1st. Check my blog for details.

    1. Hi Mark, I am going to be transferring in kind money from my spousal rrsp (dividend stocks) to my unregistered account, amount yet to be determined before year end. I am retired and only have interest income to report. I know tax will be withheld.

      I am also planning on withdrawing my tfsa money which is coming due in a gic before year end to put towards a house build.

      I want to then transfer in kind the stocks in the same unregistered account into my tfsa to fill the contribution room I have made available for myself, in the New Year.

      Can you or your colleages offer any information in this regard please?

      1. Sandra, you should not have issues with your plan. Replacing the funds you withdrew from your TFSA in 2020 with in kind stocks from your unregistered of the same value is allowable in the following calendar year 2021. Of course you will also have additional new contribution room of $6k for the 2021 year.

        Your broker can easily help you if its not possible or you are unsure to make that transfer yourself.

        1. Thanks for your reply, the article Mark referred me to is great also. I am learning by researching & now I understand that the amount I withdraw from my TFSA (including gains) is the amount I can re-contribute (it’s not just the original contribution that is allowed). Correct? A bit unsure about capital gains, does it mean that when I transfer in-kind from Spousal RRSP to non-registered (as I read it is a 2 step process), the capital gains is the amount that it increases while it sits pending transfer in-kind to TFSA (as I won’t be able to make the transfer until 2021 per rules)?

          1. Correct. Again, not advice, but you can take out TFSA monies in one year (e.g., 2020) and return the same monies (BUT not a penny more….) you withdrew + the new TFSA contribution room starting in 2021.


            “Withdrawing funds from your TFSA does not reduce the total amount of contributions you have already made for the year.”

            “Withdrawals, excluding qualifying transfers and specified distributions, made from your TFSA in the year will only be added back to your TFSA contribution room at the beginning of the following year.”

            You can always discuss your exact approach with both your bank AND CRA – just to be sure πŸ™‚

            In terms of capital gains, in a taxable account, those are only realized when you sell an asset. See my post.

            There are not capital gains associated with a Spousal RRSP. RRSPs are tax-deferred accounts and so if you withdraw from an RRSP account then you’re simply paying taxes on those deferred gains, growth, other.

            All to say, I wouldn’t overcomplicate anything when it comes to money management!

            All the best Sandra and thanks for reading.

          2. Hi Sandra.
            You’re welcome.

            I see Mark has already given you a good reply, but I’ll answer you anyway.

            Yes, the amount you withdraw. Yes, you’ll get a cost base when its transferred to unregistered and you will either have a capital gain or loss at the time you transfer it to the TFSA, since for tax purposes it is considered “sold” at that point.

  2. Have a great weekend, Mark. I’ll be watching the Masters as well. It’s great to see three Canadians make the cut and Mike Weir continue his strong play of late. ⛳️


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