Friday, February 6, 2015

Short Takes: Foreign Withholding Taxes, Low-Cost Investing at Each Big Bank, and more

Here are my posts for this week:

After the Music Stopped

More Replies to Email 

Here are some short takes and some weekend reading:

Canadian Couch Potato warns not to overreact to foreign withholding taxes. Small portfolio improvements are possible by locating assets in the best accounts, but it makes no sense to avoid RRSPs and TFSAs just so you can recapture some foreign withholding taxes in a non-registered account.

Million Dollar Journey shows how to construct simple and fairly low-cost portfolios at each of Canada’s big banks. He’s right that many people don’t want to leave their current bank.

Big Cajun Man doesn’t like the idea of insurance companies tracking information about how we drive. I’m definitely with him on this one. The idea that insurance companies would seek to collect this information for any reason other than increasing profits is laughable.

The Blunt Bean Counter discusses the tax issues that come up at your death if you own shares of a Canadian-Controlled Private Corporation.

My Own Advisor is giving away access codes for the online version of TurboTax. That’s right—it’s getting close to tax time.

Boomer and Echo review Elizabeth Warren’s book All Your Worth.


  1. The comments on my post from the Insurance chap shows just how close the insurance companies must be from penalizing those who don't use the device and then penalizing those who drive badly (IHMO). Have a great weekend, and thanks for the inclusion.

  2. It's pretty sad that you'll never see the banks steer clients into those index funds unless the client insists. Instead, the banks push their closet index funds that charge 2-3x the MER.

    Thanks for the mention!

  3. Thanks for the mention Michael. Dan continues to pump out killer articles, really enjoyed the withholding tax one.