Rather than rewrite info from several websites I have included info from reliable sources (like the Government of Canada :) below to help you understand basic investing.
https://www.canada.ca/en/financial-consumer-agency/services/savings-investments/investing-basics.html
You may be thinking that the Government of Canada has a tax reason for giving you information about investing. Well that might be partly true.
However it is also good sense that if Canadians invest and do well, then the CRA (Canada Revenue) will collect more in taxes. So it is a two-way street. Yes you can invest and make money. The other side of the street is that the government can take more of your money.
However remember that they ONLY TAKE A PERCENTAGE! YOU STILL KEEP THE REST! :)
There are two other main sources I have used to learn about investing, MoneySense magazine and Canadian MoneySaver.
I have read and subscribed to these magazines for years. Even if you decided you did not want to invest for yourself, these magazines can give you enough knowledge to understand and perhaps sometimes disagree with a financial advisor or financial player.
Whatever the situation you can not lose by subscribing to one or both of these Canadian magazines!!!
Enough for now... :)
BASICS OF INVESTING FOR CANADIANS
Here is the link from the Financial Consumer Agency of Canadahttps://www.canada.ca/en/financial-consumer-agency/services/savings-investments/investing-basics.html
You may be thinking that the Government of Canada has a tax reason for giving you information about investing. Well that might be partly true.
However it is also good sense that if Canadians invest and do well, then the CRA (Canada Revenue) will collect more in taxes. So it is a two-way street. Yes you can invest and make money. The other side of the street is that the government can take more of your money.
However remember that they ONLY TAKE A PERCENTAGE! YOU STILL KEEP THE REST! :)
There are two other main sources I have used to learn about investing, MoneySense magazine and Canadian MoneySaver.
I have read and subscribed to these magazines for years. Even if you decided you did not want to invest for yourself, these magazines can give you enough knowledge to understand and perhaps sometimes disagree with a financial advisor or financial player.
Whatever the situation you can not lose by subscribing to one or both of these Canadian magazines!!!
Enough for now... :)
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