How to Invest in Gold in Canada in 2023
Enguerrand Sueur
24 May 2023
Subscribe to our newsletter to receive exclusive content on personal finance
[sibwp_form id=1]
Investing
If you’re interested in investing in the Canadian stock market, or looking to open an account with an online broker or a robo-advisor, you’ve come to the right place.
Do you have a question about investing? We will answer it.
Most popular questions
Ultimate Guide to REITs in Canada
Jeff Scholz
15 June 2022
The Best Online Brokers To Invest In The Stock Market In Canada
Émilie J.Talbot
20 January 2022
Beginner’s Guide to ETF Model Portfolios in Canada
Heidi Unrau
22 September 2021
The 20 Best Dividend Stocks in Canada for 2022 and what to look for when ‘dividend investing’
Marc Challande
25 March 2021
The 9 best robo-advisors in Canada
Émilie J.Talbot
30 December 2020
Recent articles about investing
Investing
How to Invest With Your FHSA in 8 Steps
In collaboration with Passiv These are challenging times for first-time home buyers in Canada. The combination of unprecedentedly high home purchase prices,
Arthur Dubois
1 June 2023
Invest In Gold
Are Royal Canadian Mint Gold Coins a Good Investment?
Investing in gold is a popular choice, and many investors turn to Royal Canadian Mint gold coins for their tangible value, unique
Yuri Sychov
31 May 2023
ETF
How to Invest in Gold in Canada in 2023
Gold still holds a lot of value in 2023. Canadian investors still flock to gold as a good way to diversify their
Enguerrand Sueur
24 May 2023
Dividend
The Dividend Tax Rate in Canada: What You Need to Know Now
The dividend tax rate in Canada is something that benefits the average Canadian investor. That is because dividend stocks in Canada share
Arthur Dubois
2 May 2023
ETF
Democratizing Wealth: The Incredible Impact of ETFs on Everyday People
In Collaboration with BMO Global Asset Management Do you feel like you just can’t get ahead? You’re not alone. Most suits on
Heidi Unrau
13 April 2023
Investing
Betterment Alternatives for Canadians
Are you on the hunt for Betterment alternatives for Canadians? In today’s economic environment, investors know that keeping money in a bank
Arthur Dubois
27 March 2023
Investing
Options vs Stocks: What’s The Difference?
Are you interested in investing but unsure of the difference between options vs stocks? You’re not alone. Both options and stocks offer
Arthur Dubois
22 March 2023
Investing
Wealthfront Alternatives for Canadians
The rise of machine-enhanced financial advisors – or “Robo-Advisors” – lead to the spawn of many different investment products. Wealthfront is one
Arthur Dubois
22 March 2023
Investing
How to Buy Stocks in Canada
Every Canadian should know how to buy stocks in Canada. Why? Historically, investing in the stock market has been one of the
Arthur Dubois
15 March 2023
Frequently asked questions about investing
What is the best trading platform in Canada?
The best trading platform in Canada is highly subjective and contingent on your unique needs, profile, and goals as an investor. Different trading platforms offer different benefits and pricing structures to their users. For example, one trading platform may favour high-volume traders while another might be the best fit for someone who is generally looking to pursue a passive investing strategy. To help you make the best decision for yourself, we have compiled a brokerage comparison tool that you can reference and use to benchmark the different merits important to you.
What are the best websites to read Toronto stock market news?
Whether you are a novice or a seasoned investor, there are several sites you can use to remain updated with the Toronto stock markets. Some local media outlets include Globe Investor, Financial Post and TMX Money. Other international sites that also have a focus on Canadian markets include Motley Fool, Yahoo Finance and MarketWatch. To help you get started, we have created a list of the best websites for Canadian investors looking to enhance their financial knowledge.
What is the extent of the CIPF coverage?
CIPF stands for the Canadian Investor Protection Fund, a non-profit insurance program launched by Provincial securities regulators in 1969. CIPF coverage refers to monetary compensation provided to investors in the event that a CIPF member firm becomes insolvent. For accounts held with a Canadian brokerage that have securities, commodities, segregated funds or cash assets, CIPF covers up to $1 million for the cumulative sum of all accounts.
What is the RRSP eligibility criteria?
RRSP stands for Registered Retirement Savings Plan (RRSP), one of the primary retirement investment vehicles that the Government of Canada offers to eligible citizens and/or residents of the country. To open an RRSP, you need to meet 2 main eligibility criteria, namely: (i) you are a Canadian resident for tax purposes and file taxes in Canada, and (ii) are 71 years of age or under. There is no minimum age to be eligible to open a RRSP.
What are the main brokerage fees you need to keep an eye on?
There are several types of brokerage fees you should keep in mind when evaluating various brokerages. The most common type of fee is the trading fee (or commission) that is a fee paid when security is bought or sold. There are also other types of administrative fees such as annual account maintenance fees, account transfer costs, wire fees, etc. It is important to study and assess the impacts of all these fees before making a final decision on your choice of brokerage.
What are the main stock exchanges in Canada?
There are 5 main Canadian stock exchanges. The largest and most well-known exchange in Canada is the Toronto Stock Exchange (TSX). It’s the flagship exchange of the TMX Group, which also owns and operates the Toronto Venture Stock Exchange (TSXV) and the Montreal Exchange (MX). The two other Canadian exchanges are the Canadian Securities Exchange (CSE), which competes with the TSXV in the microcaps space, and the NEO Exchange (NEO), an exchange founded in 2015 which tries to compete toe to toe with the TSX.
What is the best robo-advisor in Canada?
The best robo-advisor in Canada is highly subjective and contingent on your unique needs, profile, and goals as an investor. Different robo-advisor platforms offer different benefits, specialties and pricing structures to their users. To help you make the best decision for yourself, we have compiled a robo-advisor comparison tool that you can reference and use to benchmark the different merits important to you and the prices that you will pay per year.
What does management expense ratio (MER) mean?
The management expense ratio (MER) is an annual fee charged by a mutual fund or ETF to its investors to pay for the expenses that the fund incurs in its day-to-day operations. These include salaries for the team, tools and technologies that its staff use, accounting and valuation costs, audit/legal fees, etc. The MER is expressed as a percentage of the average assets under management (AUM).
How can I find a financial advisor in Canada?
A financial advisor is a certified professional who can help you and your family make the optimal personal finance, investing, retirement and estate planning decisions based on your unique needs, goals and profile. To find a financial advisor in Canada, you can often work with one at the bank that you hold your checking or savings accounts with. Alternatively, you can also try specialist financial advisory firms whose sole business is to provide people with personal financial advice. Prior to collaborating with any financial advisor though, check to see if they are registered in the Canadian Securities Administrators’ National Registration database.
What is a full-service brokerage?
A full-service brokerage provides a suite of added solutions to clients beyond just the ability to buy and sell securities. These services may include research and advice on securities, portfolio analysis, asset allocation, tax optimization, estate planning and more. Generally, full-service brokers charge a higher fee for the convenience of these services as compared to a discount broker that solely offers transactional capabilities.
What is the TMX Group?
The TMX Group is a financial institution that owns and operates multiple equity, fixed income and derivatives exchanges in Canada, including the Toronto Stock Exchange (senior equities), TSX Venture Exchange (venture equities), and the Montreal Exchange (derivatives exchange).
What is the Wall Street of Toronto?
Wall Street is a street located in the Financial District of Manhattan in New York City that has become synonymous with the financial services sector and markets. The street is home to many of America’s largest banks, insurers and asset managers, as well as the New York Stock Exchange. In Canada, the equivalent is Bay Street. Bay Street is home to all of the Big 5 banks (RBC, TD, Scotia, BMO and CIBC), as well as the Toronto Stock Exchange, which is the country’s largest exchange.