Mar 21 2006

Description of My Accounts


Quite some time ago, I provided a description of the accounts that I hold within my portfolio. Things have changed – new job, new strategies – and I wanted to provide you with an update as to what the different accounts mean when you view my portfolio.

RSP Registered Retirement Savings Plan. A Registered Retirement Savings Plan or RRSP is a Canadian investment account that provides some tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from taxes.
Non-RSP A normal investment account.
Pension My employers defined contribution pension account. I contribute 2% of my earnings to this account and my employer matches with 4%.
Employee Savings Plan This account is not listed yet as I need to update my portfolio spreadsheet. This account is a non-registered account that I hold, which my employer and I deposit money into from payroll contributions. I contribute 5% of my earnings and my employer matches with another 5%.

I will be altering what I report to you in terms of my portfolio – I want to provide more transparency into how I manage my accounts. My plan is to provide a weekly synopsis of the transactions that have (or will) occur, including deposits.


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  1. Duane said:

    Hi, you mentioned that you hold iUnits REIT, I am trying to find info on thisk but can not find the symbol. Can you tell me the symbol for this?

    Duane

    May 15th, 2006 at 10:07 pm

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