With so many possible investment options, a lot of people are confused as to where they should put their money. Here are some suggestions on different ways to invest your extra cash to make your money work for you.
The Middle East is the first name that comes in to the mind of people when talking about oil production. However, another leading producer of gas and oil is Canada. If you are looking planning to invest in Oil Gas Stocks, there are various options for you to choose from. To start with, trusts are a good investment type for investing in oil and gas stocks. The attractiveness of trusts is that you are eligible to receive quarterly or monthly income from the investment.
Taxes are a concern to many individuals looking to invest. Flow Through Shares can act as a solution for such people. While the investor is holding the shares, he/she will get to enjoy a tax break. However, once these shares are sold, taxes will be imposed on the sale of shares. If you are interested in learning more about flow through shares, reach out to an experienced stockbroker and discuss your portfolio goals with him. Ask your broker to explain to you how flow through shares work, and if they are good option for you.
In Canada, the Registered Retirement Savings Plan (RRSP) was launched in 1957 for the purpose of having a retirement savings. However, there are some RRSP limit on the funds which can be allocated to this account. Usually, income from investments is deducted, and eighteen percent is calculated on the total income of the last year. You are not allowed to contribute more than $2,000 for one year.
Bankers acceptances are another lucrative option. Companies issue a promissory note on a short-term basis which is known as a Bankers acceptance. This promissory note is guaranteed, and is backed by the Canadian bank. It comes with a higher interest rate and higher security than money market securities and treasury bills, making it a very much desired option amongst investors.
Canada is one of the leading countries offering stable market environment for the investors, and Canada offers investment options for almost all your needs. A RRSP helps you save money for retirement, gas and oil investments allow you to reap good profits, and flow through shares allow for breaks on taxes. Before finalizing any of these investments choices, take time to discuss it with your financial advisor, as he/she is the best person to guide your investment choices. Canadian financial markets are amongst the most secured markets for making low-risk investments, so consider investing in Canada today!Tags: investing, money