The Canadian Investor Investment Accounts Simplified and 5 Stocks on Our Radar
11 snips
Dec 8, 2025 Dive into Canadian investment accounts, where Simon and Dan break down TFSA, RRSP, FHSA, and RESP rules, highlighting common pitfalls like over-contributions and withholding taxes. In the second half, they share five stocks on their radar: WSP for infrastructure consulting, Toromont for equipment services, Precision Drilling in the energy sector, Tech Resources for copper and nickel, and TSMC for AI chip manufacturing. Whether you're a newbie or seasoned investor, there's valuable insight to catch!
AI Snips
Chapters
Transcript
Episode notes
Use TFSA First And Track Room
- Open and use a TFSA early because its earnings and withdrawals are tax-free.
- Track your contribution room manually because CRA updates lag and overcontributions are common.
Treat RRSP As A Tax-Deferral Tool
- Use RRSPs to defer tax when you expect lower future income and to claim a tax deduction now.
- Beware withholding tax on withdrawals because it may not cover your final tax bill.
Prioritize FHSA For First-Time Buyers
- Open an FHSA if you plan to buy your first home and contribute up to $8,000 yearly toward the $40,000 lifetime limit.
- FHSA contributions are tax-deductible and withdrawals for a qualifying home are tax-free, making it highly efficient.