This is a story about financial investing strategy for new employees in Canada to prepare for retirement. I will write about things that new employees need to know, such as pensions, stock investment, housing, and taxes, based on my experience. hello. This is Miki’s Honey, MikiHoney This time, I would like to talk about how employees in Canada make investments and prepare for retirement. Perhaps because the content is long, I should divide it into... hello. This is Miki’s Honey, MikiHoney. Canadian employees must make good use of their pension and make financial investments. The pension system is a system in which the government creates various institutional mechanisms to help citizens... hello. This is Miki’s Honey, MikiHoney. The most expensive thing that an average employees buys in life is usually a house. Other than a house, there is no object other than a house that you purchase... hello. This is Miki’s Honey, MikiHoney. Tax Free Saving Account, aka TFSA! TFSA is a very useful and important program for employees in many ways. Currently, a maximum of $88,000 can be saved per adult, and... hello. This is Miki’s Honey, MikiHani. When investing with an RRSP or TFSA, you can invest indirectly or directly. Indirect investing usually involves investing in mutual funds. The fund manager increases your money by buying and... hello. This is Miki’s Honey, MikiHoney. If you exclude stocks as a financial investment product, there are Bonds and the safer GIC (Guaranteed Investment Certificate). GIC GIC is a product where a bank pays interest... hello. This is Miki’s Honey, MikiHoney! To buy stocks or other financial products, you must open an investment account with a stock broker. Here I will compare the three Stockbrokers I have used. TD Direct... hello. Miki’s Honey, this is MikiHani! This time I would like to talk about taxes. Income Tax Office workers who do not run a business have very limited ways to save on taxes. Unlike business owners,... I didn’t think there was anything more to talk about, but then a thought occurred to me. FHSA (First Home Savings Account) This didn’t apply to me, so I wasn’t paying attention, but if...
Series: Investing Strategy for New Employees
Investment for Canadian Employees PART 1 – Importance of salary
Investment for Canadian Employees PART 2 – Pension
Investment for Canadian Employees PART 3 – House
Investment for Canadian Employees PART 4 – TFSA
Investment for Canadian Employees PART 5 – How to invest in stocks
Investment for Canadian Employees PART 6 – GIC, Bond
Investment for Canadian Employees PART 7 – Stock brokers
Investment for Canadian Employees PART 8 – Tax
Investment for Canadian Employees Part 9 – FHSA
