Q: Pat: My portfolio is 90% Canadian equities (all dividend payers, mainly finance and utilities). At my age (67) all advice seems to say I should be at least 70% in fixed income. I have been considering the following ETFs and would appreciate your take on them: the iShares 1-5 Yr Laddered Corporate Bond Index ETF; and the BMO Discount Bond Index ETF.

A: The iShares 1-5 Yr Laddered Corporate Bond Index ETF, $18.98, symbol CBO on Toronto (Units outstanding: 106.9 million; Market cap: $2.0 billion; www.blackrock.com/ca), invests in a portfolio of short-term and medium-term corporate bonds. They’re drawn from the FTSE (Financial Times Stock Exchange) TMX Canada… Read More

Canadian capital gains tax is one of the lowest you’ll ever pay

Canadian capital gains tax is one of the lowest you’ll ever pay

This year’s stock market volatility spurred a rise in investor questions about capital gains tax. Those questions keep coming in.

There are three forms of investment income in Canada: interest, dividends and capital gains. Each is taxed differently. Here’s a reminder of how smart investors use their… Read More