How to INVEST in CANADA? | Learn to invest from scratch
In this video, I explain the basic principles of how to invest in Canada. "Learn to Invest from Scratch" is a new section on our channel called My Money Guide, where we'll give you tips and information we've learned from living and investing in Canada. If you're a new immigrant to this country, this can be very helpful, as I'll talk about the main investment accounts available in Canada, the tax benefits you can take advantage of, and the most popular brokers for investing.
0:00 Intro
1:51 Assessment
3:03 Risk Tolerance
4:15 Choosing an Account Type: TFSA, FHSA, RESP, RRSP
6:44 Choosing a Broker
8:12 Researching and Diversifying Your Portfolio
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► Other videos:
• Canadian Curriculum 🇨🇦: • CURRICULUM Canadiense 🇨🇦 | Clave para cons...
• How much does it cost to study in Canada?: • ¿Cuanto cuesta ESTUDIAR en CANADÁ?
► Other links:
• TFSA Contributions: https://www.canada.ca/en/revenue-agen...
• First Home Savings Account (FHSA): https://www.canada.ca/en/revenue-agen...
• Registered Education Savings Plans and Related benefits: https://www.canada.ca/en/services/ben...
• Registered Retirement Savings Plan (RRSP): https://www.canada.ca/en/revenue-agen...
• Join Wealthsimple: https://www.wealthsimple.com/invite
• VFV Vanguard S&P 500 Index ETF: https://www.vanguard.ca/en/advisor/pr...
Welcome to My Canada Guide! My name is Luis, and my wife Ale and I make videos about studying, working, and living in Canada. We also share lots of tips we wish we had known before moving to Canada and tools you can use to succeed in this country. So whether you already live in Canada or are planning to immigrate to Canada, you're in the right place!