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Can you gain entry to your formerly shared home after a separation? May 7th
Q. I have somewhat of a complicated situation regarding my separation and the separation agreement, so I’ll try my best to give you as much information as possible:
February 2004: Partner and I started living together. He had just purchased a townhouse with financial assistance from his mother. I.... More »
How to know if a secondary suite or basement apartment is legal—and a worthwhile investment + MORE Sep 30th
If you’re buying a property right now, chances are you’ve come across more than a few homes that advertise income potential—thanks to a secondary suite or basement apartment.
Beyond the practical reasons for wanting a secondary suite, such as having a senior-age parent move in, two-un.... More »
Debate peaks over vast coastal Southern California oil land Sep 3rd
NEWPORT BEACH, Calif. – The vast, dusty stretch of land in one of Southern California’s wealthiest beachfront communities is littered with rusting pipes from once-thriving oil production.
Beneath its drought-stricken exterior, however, environmentalists say the Newport Beach property is .... More »
Read this before applying for the First-Time Home Buyer Incentive + MORE Dec 17th
In a red-hot real estate market, a little help with the down payment on a home can go a long way—especially when you’re a first-time buyer without the advantage of equity in an existing property. So when the Canadian federal government decided, in 2019, to begin offering first-time home buyers d.... More »
How to manage and save money without a budget + MORE Nov 4th
“Stick to a budget” is one of the most common pieces of advice you’ll hear if you’re trying to save money. But not everyone wants to make decisions according to a spreadsheet—and there are many ways to manage your money that don’t involve a budget. Often, a simple, critical look at your .... More »
Oil-rich Saudi Arabia’s sovereign investment fund is putting $3.5 billion US into the global transportation company, and will get a seat on Uber’s board of directors.
North American stock markets hover near the break-even point in morning trading
– canadianbusiness.com
TORONTO – North American stock markets were hovering near the break-even point in late morning trading today.
The Toronto Stock Exchange’s S&P/TSX index was up 18.25 points at 14,081.79 as its American counterparts traded in the red.
The Dow Jones industrial average was down 23.53 points at 17,766.14, the broader S&P 500 composite index declined 3.67 points to 2,095.66 and the Nasdaq composite slipped 3.11 points to 4,949.14.
The Canadian dollar was at 76.38 cents US, down 0.15 of a cent from Wednesday’s close.
The July crude contract was down 41 cents at US$48.60 per barrel and July natural gas was up 1.4 cents at nearly US$2.40 per mmBTU.
The August gold contract fell $1.80 to US$1,212.90 an ounce and July copper contracts fell 6.5 cents to US$2.07 a pound.
The post North American stock markets hover near the break-even point in morning trading appeared first on Canadian Business – Your Source For Business News.
The Toronto Stock Exchange’s S&P/TSX index was up 18.25 points at 14,081.79 as its American counterparts traded in the red.
The Dow Jones industrial average was down 23.53 points at 17,766.14, the broader S&P 500 composite index declined 3.67 points to 2,095.66 and the Nasdaq composite slipped 3.11 points to 4,949.14.
The Canadian dollar was at 76.38 cents US, down 0.15 of a cent from Wednesday’s close.
The July crude contract was down 41 cents at US$48.60 per barrel and July natural gas was up 1.4 cents at nearly US$2.40 per mmBTU.
The August gold contract fell $1.80 to US$1,212.90 an ounce and July copper contracts fell 6.5 cents to US$2.07 a pound.
The post North American stock markets hover near the break-even point in morning trading appeared first on Canadian Business – Your Source For Business News.
BMW races into trouble with UAE national anthem ad
– canadianbusiness.com
DUBAI, United Arab Emirates – The BMW distributor in the capital of the United Arab Emirates has pulled a television commercial featuring the country’s national anthem off the air after it sparked outrage from some citizens.
Abu Dhabi Motors general manger Arno Husselmann said in a letter Thursday that the ad wasn’t meant to cause offence and that he’s disappointed over the controversy it caused.
State-owned newspaper The National reported that the ad showed players from the Al Ain soccer team rushing out of the stadium and into BMWs midway through the national anthem after hearing engines revving outside.
Some Emiratis found the ad disrespectful. The vice chairman of the Abu Dhabi Executive Council, Shaikh Hazza bin Zayed Al Nahyan, has dissolved the team’s and a related investment company’s board of directors in response.
The post BMW races into trouble with UAE national anthem ad appeared first on Canadian Business – Your Source For Business News.
Abu Dhabi Motors general manger Arno Husselmann said in a letter Thursday that the ad wasn’t meant to cause offence and that he’s disappointed over the controversy it caused.
State-owned newspaper The National reported that the ad showed players from the Al Ain soccer team rushing out of the stadium and into BMWs midway through the national anthem after hearing engines revving outside.
Some Emiratis found the ad disrespectful. The vice chairman of the Abu Dhabi Executive Council, Shaikh Hazza bin Zayed Al Nahyan, has dissolved the team’s and a related investment company’s board of directors in response.
The post BMW races into trouble with UAE national anthem ad appeared first on Canadian Business – Your Source For Business News.
Finding the right cover
– moneysense.ca
(Illustration by Taryn Gee)When finance professor Moshe Milevsky teaches insurance to a new group of students, he shows the class a picture of two people, a 30-year-old and a 70-year-old, then asks: “Who needs more life insurance?” The near-term chance of dying is higher for the 70-year-old so, without fail, most students point to the senior.
Which is the wrong answer. The need for life insurance is based on the probability of a dire financial event, but “it’s the small probability that creates the need for insurance, not the high probability,” says Milevsky, who teaches at York University’s Schulich School of Business. As you can see, insurance principles can be somewhat counter-intuitive. That means it’s easy to misunderstand where insurance makes sense and where it doesn’t. As a result, you should think through your insurance needs carefully and critically. That’s especially important at retirement, where other types of insurance needs change significantly. In what follows, we’ll review key insurance products (excluding basic products such as home, auto and travel insurance) and gauge their appropriateness in retirement…
How does a mortgage inside an RRSP work?
– moneysense.ca
Q: Is it possible to arrange a mortgage inside my RRSP, so the interest payments are paid back to me?
A: I love the question, but recommend you pursue a less risky hobby. Say, axe throwing or BASE jumping? Setting up your mortgage inside an RRSP requires a lot of work with low return, says Joe Jacobs of Mortgage Connections in Calgary. He points out that “a self-funded mortgage through an RRSP has to be insured by Canada Mortgage and Housing Corp. the plan administrator will also charge set-up and ongoing fees.” You’ll also need to charge commercial interest rates on the mortgage, so the return on your self-funded mortgage will be limited to 3% or 4%. Compare this to what you could earn over the long haul if your RRSP funds were invested in equities and you’re not much further ahead. Now, if you’re interested in reducing your non-deductible debt you could focus on paying down your mortgage. Or you could try using the Smith Manoeuvre, a method of making your mortgage debt a deductible investment loan…
A: I love the question, but recommend you pursue a less risky hobby. Say, axe throwing or BASE jumping? Setting up your mortgage inside an RRSP requires a lot of work with low return, says Joe Jacobs of Mortgage Connections in Calgary. He points out that “a self-funded mortgage through an RRSP has to be insured by Canada Mortgage and Housing Corp. the plan administrator will also charge set-up and ongoing fees.” You’ll also need to charge commercial interest rates on the mortgage, so the return on your self-funded mortgage will be limited to 3% or 4%. Compare this to what you could earn over the long haul if your RRSP funds were invested in equities and you’re not much further ahead. Now, if you’re interested in reducing your non-deductible debt you could focus on paying down your mortgage. Or you could try using the Smith Manoeuvre, a method of making your mortgage debt a deductible investment loan…
