The Canadian Investor Investment Accounts Simplified and 5 Stocks on Our Radar
Dec 8, 2025
Dive into Canadian investment accounts, where Simon and Dan break down TFSA, RRSP, FHSA, and RESP rules, highlighting common pitfalls like over-contributions and withholding taxes. In the second half, they share five stocks on their radar: WSP for infrastructure consulting, Toromont for equipment services, Precision Drilling in the energy sector, Tech Resources for copper and nickel, and TSMC for AI chip manufacturing. Whether you're a newbie or seasoned investor, there's valuable insight to catch!
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Transcript
Episode notes
Use TFSA First And Track Room
- Open and use a TFSA early because its earnings and withdrawals are tax-free.
- Track your contribution room manually because CRA updates lag and overcontributions are common.
Treat RRSP As A Tax-Deferral Tool
- Use RRSPs to defer tax when you expect lower future income and to claim a tax deduction now.
- Beware withholding tax on withdrawals because it may not cover your final tax bill.
Prioritize FHSA For First-Time Buyers
- Open an FHSA if you plan to buy your first home and contribute up to $8,000 yearly toward the $40,000 lifetime limit.
- FHSA contributions are tax-deductible and withdrawals for a qualifying home are tax-free, making it highly efficient.