Flds said
Bill
"Flds, just curious - why would you come to this site for stock market advice?"
I don't understand what you meant my the above question.
I was under the impression that stock market comes under INVESTING. I will try not to mention Stock Market next time.  

I think the term stock market is viewed as a subset of Investing. Too often the assumption is 'picking, trading and holding individual stocks' rather than the broad topic of Investing, or maybe more accurately in this case, Capital Markets.... bonds, stocks, mutual funds, ETFs et al.

Many folk on this site automatically assume one is (or needs to be) a stock picker when the topic of 'equities' is brought up. That is old school. Almost no one needs (or should) do that any more with so many low cost ETFs available for 'buy and hold'.

My own portfolio is almost exclusively 'equities' in Capital Markets with the bulk of it in passive index broad based ETFs.

Bill
"Flds, just curious - why would you come to this site for stock market advice?"
I don't understand what you meant my the above question.
I was under the impression that stock market comes under INVESTING. I will try not to mention Stock Market next time.

Here are two other good sources for learning about investing . . .

- Financial Wisdom Forum ➡️ https://www.financialwisdomforum.org/wp/
- Investopedia ➡️ https://www.investopedia.com/

'Good Luck' with it❗

Dean

Post #6 has an accurate point about tax reduction from eligible dividend income in the first tax bracket. If the OP has no other ETFs and/or no other equities, and is comfortable with putting $50k in the equity market, then Blackrock iShares ETF XDIV is an example (among others like VDY) of a Canadian market ETF that distributes almost exclusively eligible dividend income, along with potentially Cap Gains and/or ROC on the T3 tax slip received each March.

With any ETF, the OP would need to become familiar with managing his Adjusted Cost Base (ACB) including phantom re-invested capital distributions in some years (increases ACB) and Return of Capital (decreases ACB) in some years.

hwyc said
@Flds $50K seems a good start ... assuming it is a percent from your nest eggs which you are comfortable with.

I am in Ontario and to stay within the lowest tax bracket possible, the dividend tax credits also helps to offset some tax on my interest income.  

Not quite accurate. Dividends might reduce taxes for low income individuals but grossing can push you into a higher tax bracket.

Bill said
Flds, just curious - why would you come to this site for stock market advice?  

I found that unusual as well as there are better sites for broad market investing, e.g. Financial Wisdom Forum. However, in the absence of any other information it appears to me the OP has no other 'equity' or 'ETF' investments. If the OP does, either in equities or bonds, then there is insufficient disclosure by the OP for any of us to opine further. It matters very much what the rest of the portfolio looks like before informed opinions can be offered.

I am in Ontario and to stay within the lowest tax bracket possible, the dividend tax credits also helps to offset some tax on my interest income.

The names of issuers mentioned, Vanguard, BMO and Blackrock iShares are by far have the highest standards and are the issuers to consider in starting your ETF journey.

The balanced ETF's referred to from these issuers are VBAL, ZBAL and XBAL that you might compare side by side.

Another online resource to add to what has been suggested would be the ETF discussion on the Wealthnorth site: https://wealthnorth.ca/investing/etfs/

We are retired. Age 75 & 71.

Agreed Mordko, it is not a game with our hard earned money, at this stage of our lives.

As was told to me by an advisor I learned from, "Never invest in something you don't understand"

For your benefit, do the research, ask plenty of questions from reliable sources to make an informed decision.

Keep asking, Flds !!

Stephen

For your particular situation, it would appear owning one all-in-one Asset Allocation ETF in one of the Vanguard, BMO or Blackrock iShares families is all you need. You only need to make a choice on the proportion of equity/fixed income you wish to have.

https://www.td.com/ca/en/inves.....and-get-it

Looks like the offer is meant to be entirely DIY thru the EasyTrade app

Consider the offer as a 12-month installment savings plan, I think 10% is a very good deal.