The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
What every American should know before buying a home in Canada + MORE Jul 24th
Buying a home is one of life’s biggest financial decisions, but it’s also one of the easiest places to make an expensive cross-border tax mistake. For many families, purchasing a home represents stability, permanence, and the feeling of finally putting down roots. For U.S. citizens living in.... More »
New 'Netflix tax' for Manitobans coming as part of latest provincial budget - CBC.ca Apr 8th
New 'Netflix tax' for Manitobans coming as part of latest provincial budget CBC.caManitoba 2021 budget includes rent, child-care freezes, rebate cheques while focusing on COVID-19 Global NewsManitoba budget promises 25% cut to education property tax, despite pandemic-induced de.... More »
Stocks slide after Republicans 'press pause' on debt ceiling talks: Stock market news today - Yahoo Canada Finance + MORE May 19th
Stocks slide after Republicans 'press pause' on debt ceiling talks: Stock market news today Yahoo Canada FinanceWhat every Canadian investor needs to know today The Globe and MailStocks Slide After Republicans Pause Debt Ceiling Negotiations BarchartS&P 500 hits .... More »
What’s involved in moving investments from a high-fee advisor to a DIY setup? May 28th
Q. I have been concerned about high fees charged on my investments and have been trying to figure out a way to move my funds without getting hit with a huge tax bill. I started with mutual funds and today I have a 60% equity and 40% income balanced portfolio plan. My last statement shows about 5% re.... More »
Making sense of the markets this week: July 10 Jul 8th
This week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The first half of 2022 asset scorecard—not good
The S&P 500 entered a bear market last month and recorded its worst first half since 1962, down 20.6%. Th.... More »
Alberta regulator's new rules throw oil deals into doubt
– theglobeandmail.com
Financial stress test by Alberta Energy Regulator could lead to fewer buyers for energy assets in play
House upholds Obama ‘fiduciary rule’ on retirement savings
– canadianbusiness.com
WASHINGTON – President Barack Obama’s Democratic allies in the House have blocked a GOP attempt to derail new administration rules that require financial professionals to put their clients’ best interest first when giving advice on retirement investments like individual retirement accounts.
Democrats are in the minority in the House but held together on a 239-180 vote to deny Republicans the two-thirds margin required to overcome a veto of GOP legislation to overturn the new rules.
The vote came Wednesday night amid tumult on the House floor as Democrats mounted a sit-in to protest GOP leaders’ refusal to stage votes on gun-related measures.
The regulations are aimed at blocking financial advisers from steering clients toward investments with higher commissions and fees. Republicans retirees’ choices will be limited.
The post House upholds Obama ‘fiduciary rule’ on retirement savings appeared first on Canadian Business – Your Source For Business News.
Democrats are in the minority in the House but held together on a 239-180 vote to deny Republicans the two-thirds margin required to overcome a veto of GOP legislation to overturn the new rules.
The vote came Wednesday night amid tumult on the House floor as Democrats mounted a sit-in to protest GOP leaders’ refusal to stage votes on gun-related measures.
The regulations are aimed at blocking financial advisers from steering clients toward investments with higher commissions and fees. Republicans retirees’ choices will be limited.
The post House upholds Obama ‘fiduciary rule’ on retirement savings appeared first on Canadian Business – Your Source For Business News.
Eye on Shorts: What bearish investors are betting against
– theglobeandmail.com
Short position highlights are provided by TSX Datalinx.
CPP boost to cost feds $250M per year to offset fresh burden on low-wage earners
– canadianbusiness.com
OTTAWA – The federal government estimates it will cost taxpayers $250 million per year to offset the additional financial burden that expansion of the Canada Pension Plan will eventually place on low-income earners.
Ottawa and the provinces reached an agreement-in-principle this week to gradually increase CPP premiums as a way to boost the program’s benefits for future generations of retirees.
The announcement also included a federal commitment to enhance its refundable “Working Income Tax Benefit” to help compensate eligible low-wage earners for the higher CPP contributions.
The Finance Department projects that change will cost about $250 million annually once the CPP premium increase has been fully phased in.
The federal government also says it will allow the provinces to make specific changes to the tax benefit so it’s more harmonized with their own programs.
Due to this, Ottawa says it will continue working with the provinces and territories before implementing the adjustments to the tax benefit…
Ottawa and the provinces reached an agreement-in-principle this week to gradually increase CPP premiums as a way to boost the program’s benefits for future generations of retirees.
The announcement also included a federal commitment to enhance its refundable “Working Income Tax Benefit” to help compensate eligible low-wage earners for the higher CPP contributions.
The Finance Department projects that change will cost about $250 million annually once the CPP premium increase has been fully phased in.
The federal government also says it will allow the provinces to make specific changes to the tax benefit so it’s more harmonized with their own programs.
Due to this, Ottawa says it will continue working with the provinces and territories before implementing the adjustments to the tax benefit…
5 Brexit strategies Canadian investors should know
– moneysense.ca
This article was originally published on Canadian Business
Ahead of Britain’s historic vote over whether to leave the European Union on Thursday, June 23, there has been plenty of speculation about the potential fallout for the global economy, and Canadian investors are no exception. While the five financial experts we spoke with all agreed that on the eve of the referendum, the chances of a “Brexit” seem fairly narrow, they each had their own takes on what a “leave” vote could mean for Canadians, and what investors should keep in mind going into Thursday. Here are some investing tactics to consider as the vote looms:
What Brexit could mean for your portfolio »
Ahead of Britain’s historic vote over whether to leave the European Union on Thursday, June 23, there has been plenty of speculation about the potential fallout for the global economy, and Canadian investors are no exception. While the five financial experts we spoke with all agreed that on the eve of the referendum, the chances of a “Brexit” seem fairly narrow, they each had their own takes on what a “leave” vote could mean for Canadians, and what investors should keep in mind going into Thursday. Here are some investing tactics to consider as the vote looms:
What Brexit could mean for your portfolio »
Purchase protective puts
“One thing that investors could do in the lead up to the vote is to purchase protective puts [a risk-management strategy that limits downside risk]. In a situation like this, where investors may be concerned about the potential fallout, protective puts are something that we encourage investors to think of as a sort of insurance…
