Technology: Three 'double-threats' to add to your TFSA - PressFrom - Canada

TechnologyThree 'double-threats' to add to your TFSA

20:05  15 april  2019
20:05  15 april  2019 Source:

RRSP vs. TFSA: Which One Is Better for You?

RRSP vs. TFSA: Which One Is Better for You? If you want to buy U.S. stocks that pay dividends like AT&T (NYSE:T), it's preferable to buy them in an RRSP than in a TFSA.

TFSA is a tax - free option to shelter your savings and build them up over time. If you want to keep Given the flexibility and simplicity of TFSAs , they are a smart choice for any number of savings Any amount you have withdrawn in a given year is added back to your contribution room for the next year.

The Tax - Free Savings Account ( TFSA ) is an account that does not apply taxes on any contributions, interest earned, dividends, or capital gains, and can be withdrawn tax free . The tax - free savings account differs from a registered retirement account in two main ways

Three 'double-threats' to add to your TFSA© Provided by The Motley Fool, Inc

This week we looked at three stocks that were perfect for a growth-oriented TFSA. Investors with a long-time horizon can often afford to be more aggressive in pursuing capital growth. However, some prefer a more balanced approach.

Instead of weighing growth and income equities, today we are going to look at three stocks that provide a nice mix of both. These “double-threats” can power huge growth in your TFSA and provide income in lean times.


CAE is a Quebec-based company that delivers training for the civil aviation, defence, security, and healthcare markets. Shares hit an all-time high of $30.44 on April 10. The stock was up 21.2% in 2019 as of this writing, and shares had surged over 105% over the past three years.

3 Reasons Toronto-Dominion Bank (TSX:TD) Stock Is an RRSP Must-Have

3 Reasons Toronto-Dominion Bank (TSX:TD) Stock Is an RRSP Must-Have As the fastest-growing and most profitable of the big six banks, the Toronto-Dominion Bank (TSX:TD)(NYSE:TD) is a must-have for RRSP investors.

The Tax - Free Savings Account ( TFSA , French: Compte d'épargne libre d'impôt, CELI) is an account available in Canada that provides tax benefits for saving. Investment income, including capital gains and dividends, earned in a TFSA is not taxed in most cases, even when withdrawn.

A Tax - Free Savings Account ( TFSA ) lets you save more with a mix of investments – and your money grows tax free . (Note: If you have already maximized your TFSA contribution, you must wait until the following year before contributing anything more to your TFSA in order to avoid penalty charges from

CAE reported a record $9 billion backlog in its third-quarter report for fiscal 2019. The company has been powered by its Defence and Security segment, which saw revenue rise 27% year-over-year to $330.2 million in Q3. The total Defence and Security backlog has increased 22% from the prior year to $4.39 billion.

CAE currently offers a quarterly dividend of $0.10 per share, which represents a modest 1.2% yield. Defence spending is set to increase in the United States and across the developed world into the next decade. CAE will be a big beneficiary as its Defence and Security segment continues to thrive.

Magna International (TSX:MG)(NYSE:MGA)

Magna is the largest automotive parts manufacturer in Canada. Shares were up 15.4% in 2019 as of close on April 10. The stock was down 4.9% from the prior year as the automotive sector has suffered from negative sentiment with trade tensions and slowing global growth generating anxiety among analysts and economists.

How to avoid penalties for over-contribution to tax free savings accounts

How to avoid penalties for over-contribution to tax free savings accounts How to avoid penalties for over-contribution to tax free savings accounts

Tax - Free Savings Can Add Up Faster. Growth Inside vs Outside a TFSA . Yes, you can set up an RBC TFSA -Matic®, which lets you manage the frequency and amount of contributions to your TFSA using funds from your RBC Royal Bank chequing or savings account .

A TFSA is a registered account you can use to save/invest funds while shielding your investment returns (dividends, interest, and capital gains) You can keep your cash in a savings account and earn interest on it like you would for any other savings account . There are “high-interest” savings

In 2018, Magna reported record sales of $40.8 billion, which were up 12% from 2017. It posted a 13% increase in diluted earnings per share to a record $6.61 and posted record cash from operations of $3.7 billion. The company does expect growth to flatten in this fiscal year. In its fourth-quarter report Magna announced an 11% increase to its quarterly dividend to $0.365 per share, which represents a solid 2.5% yield.

TMX Group (TSX:X)

TMX Group is an integrated, multi-asset class exchange group which operates cash and derivatives markets. The stock was up 17.8% in 2019 as of close on April 10. Shares were up 8.5% from the prior year.

In 2018, TMX Group reported a 22% year-over-year increase in revenue to $817.1 million. Income from operations increased 23% to $369 million and it reported adjusted earnings per share of $5.20. This represented an 11% increase from the prior year. TMX posted growth in all its operating segments and entered this year poised to post solid growth into the next decade.

Lisa MacLeod won't attend autism rally due to 'credible threats'

Lisa MacLeod won't attend autism rally due to 'credible threats' Nepean MPP Lisa MacLeod says she will not attend a rally about changes to autism funding at Queen's Park Thursday because she has received "credible threats" against her. "The tone of the debate has caused me some concern with my own personal security, so we're going to make sure that I'm in the House [Thursday], but also focusing on International Women's Day," she told reporters. "We've had some credible threats, so we're going to make sure that first and foremost [we're] maintaining the safety of me and my team." MacLeod did not detail the nature of those threats or say if she has alerted the police to them.

The Tax - Free Savings Account ( TFSA ) is a tax-advantaged account available to Canadian There are three main things you need to know about a TFSA : how to contribute to the account, how to When you withdraw from a TFSA , the amount you withdrew gets added to your contribution room at

If you have investments outside a registered retirement savings plan and tax - free savings account you’re probably paying taxes that could be re-invested. Personal Investor: Tax tricks to transfer shares into your RRSP and TFSA .

TMX Group stock had climbed 84% over the past 3 years as of close on April 10. The company recently increased its quarterly dividend by $0.04 per share to $0.62 per share, which represents a 2.7% yield.

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Fool contributor Ambrose O'Callaghan has no position in any of the stocks mentioned. Magna International is a recommendation of Stock Advisor Canada.

Kelowna man arrested for allegedly making online threats.
Kelowna RCMP say the 52-year-old man allegedly made threats towards a city official. A Kelowna man was arrested and could be facing charges after allegedly making online threats towards a city official, according to police. Kelowna RCMP said they were alerted to the alleged threats on Tuesday at approximately 6 p.m., and that a suspect was later identified and arrested.

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