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You have to convert, otherwise you could go into margin and pay high fees & interest.

Yes that is considered income & is taxable. Remember you can deduct any expenses related to earning that income.

I find TD too expensive, I would choose WS or QT.

ZSP, the BMO version is actually the most popular (largest by assets in the fund) - same price as VFV too.

I recommended those last year, I'm trying to find different ETFs for someone looking for more options or more variation etc.

Yeah saying every year might've been aggressive, but its doubled in the last years. I remember when I was first dividend investing, zdy was increasing for me every year (2014/15/16 I believe). I sold all my stocks and focus solely on options now though.

Welcome aboard!

Most crypto gains are the same as capital gains. However, if you're staking your crypto, that is considered interest income for the crypto you earned. Butttt then, after you earn the crypto, the increase is capital gain ... hope that made sense. I made a video about crypto tax last year.

VFV is great, S&P 500 has been shooting up over the last 18 months and you're right, the bots are killing my channel man ...

@@CanadianFinancePro whats the advantage to owning vfv over a us dividend?

@@user-tq5wn9es6o VFV is mainly growth, so its super low dividend. You won't get cash flow out of it, if you're retired or you want extra cash to live off of, you would get a higher dividend payer. If you're looking to invest over the long term and dont need cash flow right now, I would go VFV>

@@CanadianFinancePro right, what would the advantage of having a cad dvd vs a us dvd?

VFV pays dividends quarterly, not monthly.

A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $110k and in the first 2 months , my portfolio was reading $294,800. Crazy right!, I decided to reinvest my profit and gets more interesting.

Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.

Cynthia Mcclure Alexander is the licensed coach I use. Just research the name. You'll find necessary details to work with a correspondence to set up an appointment.

I had the pleasure of watching Cynthia McClure on television, and I must say she is an exceptional speaker. However, I'm curious to know if you have experienced any financial gains while working with her?

Yes, I've Cynthia since COVID began. Investing in trending companies appears straightforward, yet timing is crucial. With a dormant $300K reserve, manages entry and exit points for my portfolio, leading to over a million dollars in accumulation.

Yes these are all in CAD and for Canadians.

Yeah I'm thinking of doing some commentary on the rate change.

Yes, its safe, they need your SIN to report your earnings to the govt

Following you has been an amazing journey, you have shown me the best way to earn much better profits despite the bad economic situations, God bless you with more knowledge sylvia nicolas.

It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast. I will also suggest investors to get yourselves a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

Great to see you guys talking of sylvia, Trading on your own can be very dangerous i can testify to that. This woman changed the game for me

Any info on how i can liaise with her, i'm new at this

she often interacts on Telegrams

Sure can you email your discord name/user to bassem@canadianfinancepro.com

@@CanadianFinancePro unfortunately I don't have a discord name only an email. What do I need to do to get this

What are the steps I need to take?

Unreal, I didn't even know that was a thing?!? Sorry to hear ... how did you reconcile?

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@@DIANNE-g However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@@JOSHUAINN Oh please I’d love that. Thanks!

@@DIANNE-g Judith Ann peace is her name

Lookup with her name on the webpage.

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@@JOSHUAINN However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@@DIANNE-g Oh please I’d love that. Thanks!

@@JOSHUAINN Judith Ann peace is her name

Lookup with her name on the webpage.

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@@Tyrell-rr However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@@Rosesmith-hj Oh please I’d love that. Thanks!

@@Tyrell-rr Judith Ann peace is her name

Lookup with her name on the webpage.

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@@Rosesmith-hj However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@@Tyrell-rr Oh please I’d love that. Thanks!

@@Rosesmith-hj Judith Ann peace is her name

Lookup with her name on the webpage.

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@@Tyrell-rr However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@@Rosesmith-hj Oh please I’d love that. Thanks!

@@Tyrell-rr Judith Ann peace is her name

Lookup with her name on the webpage.

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@@Rosesmith-hj However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@@Tyrell-rr Oh please I’d love that. Thanks!

@@Rosesmith-hj Judith Ann peace is her name

Lookup with her name on the webpage.

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@@Rosesmith-hj Oh please I’d love that. Thanks!

Judith Ann peace is her name

Lookup with her name on the webpage.

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@@Nelson-h However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@@EMMACO_ Oh please I’d love that. Thanks!

@@Nelson-h Judith Ann peace is her name

Lookup with her name on the webpage.

Hm, I do have RRSP vs TFSA videos you can watch as well, however, personally I would max the TFSA first, then RRSP.

Haha you're right, I should've shown more, but its the same concept, just buy\sell 1 instead of 4. Maybe I'll make another one.

@user-ou2nw2cd7w However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@user-ou2nw2cd7w Judith Ann peace is her name

Lookup with her name on the webpage.

@user-ou2nw2cd7w You are welcome

@user-ou2nw2cd7w However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@user-ou2nw2cd7w Judith Ann peace is her name

Lookup with her name on the webpage.

@user-ou2nw2cd7w You are welcome

None are shariah compliant.

Isn't that so frustrating ... I'm looking for another car, for fun, but the used ones are only 4-5% discounted from new ...

ok its added to the list

Exactly, I think its good if you have the $$. Its less headache, but then at the end, you have to be comfortable with owning nothing. I leased my car initially, then purchased it at the end, since it technically was worth $10K more than the buy back value. Leasing is very tempting in terms of cash flow, its so much lower, from what I see, than financing.

Like if you have a personal corporation, lease it under the corp then sell it to yourself? If your corp has a car, you'll have to break down the business vs personal use, then you have to add the personal use to your T4 and pay tax etc etc.

​@CanadianFinancePro my corp purchase a vehicle (cash or finance). write off the depreciation against revenue. Completely separate the vehicle use between personal vs work. (2 separate purpose vehicles) Then after 40% per year depreciation for a few years then sell the vehicle to yourself for personal use at a loss. I think it should be legit.

Well, its a reduction of their income, its a business expense. I don't think its the best idea to buy a car for ride share UNLESS you get an electric vehicle, you can completely skip the cost of gas, making each trip slightly more profitable, imo.

That's true, the BMW site I was on, it said $0.15 per KM if you go over the mileage. I do think you can get it waived. Or just buy the car at the end of the lease then sell it on your own?