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TFSA contribution room calculator Dec 2nd
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like&nb.... More »
No more mushy middle: 2018 will be the end of centrist politics + MORE Dec 1st
A Vote to Leave campaigner holds a placard as the leader of the United Kingdom Independence Party (UKIP), Nigel Farage, campaigns for votes to leave the European Union in the referendum on May 25, 2016 in Bolton, England.(Christopher Furlong/Getty Images)
The political left, especially in post-9/11 .... More »
MoneySense Toolkit: The CMHC mortgage insurance calculator Jan 15th
CMHC insurance calculator
If you want to buy a home and have a down payment of less than 20% of the purchase price, you’ll need to purchase mortgage default insurance, often referred to as CMHC insurance or simply mortgage loan insurance.
You’re 2 minutes away from getting the be.... More »
Federal deficit through first eight months of fiscal year totals $9.1 billion + MORE Jan 26th
OTTAWA _ The federal government’s deficit for the first eight months of the current fiscal year was smaller than a year earlier as revenue growth outpaced increases in spending.
According to the latest fiscal monitor, Ottawa rang up a deficit of $9.1 billion for the period from April to Novemb.... More »
Does Canada’s real estate sector risk being a hotbed for crime? + MORE Sep 16th
OTTAWA – An in-depth review of Canada’s anti-money-laundering efforts has uncovered serious concerns that organized crime is using the country’s hot real estate sector to illegally funnel cash.
The report from the Paris-based Financial Action Task Force makes special note of real estat.... More »
Could insurance bring an end to police violence?
– macleans.ca
Members of the California Highway Patrol stand guard on a freeway ramp during a protest against the police shootings that lead to two deaths in Louisiana and Minnesota, respectively, in Oakland, California, U.S. July 7, 2016. (Stephen Lam/Reuters)The escalating tension between Black people and the police sworn to protect and serve them has reached a tipping point. When Darren Wilson shot and killed Mike Brown in 2014, a movement was violently birthed. In the two years since, the conversation on police violence has remained just that — a conversation. While calls for reform have fallen on the deaf ears of government, Black bodies continue to be obliterated under the guise of upholding the law. As of this writing, 136 Black people have been killed by police in 2016. We know the name of the most recent, Philando Castile, because we watched him die in front of his girlfriend and her daughter. According to the little that is known about Micah Xavier Johnson, the ambush shooter who killed five police officers and injured 11 in Dallas, the toxic relationship between Black people and police appears to have disfigured him into hatred by the time he picked up a weapon…
Robo-advisor now offers group RRSPs
– moneysense.ca
Robo advisor (Getty / KTDesign-Science Photo)Robo-advisors have already advanced on the territory of traditional portfolio management by offering online, low-fee services that focus on ETFs portfolios. But now WealthBar, a robo-advisor based out of Vancouver, is leading the pack in offering group RRSPs.
Which robo-advisor is right for you? »
Now, companies have a choice. Stay with the group RRSP offered by insurance companies, which often come with higher fees, or opt for a low-fee plan maintained by WealthBar. According to a press release by the company, their group RRSP plans will cost less than 1% in fees, compared to the 2-3% charged for traditional plans. You don’t have to be in a large company to set one up, either; WealthBar says that a group RRSP can be set up by any organization with 10 or more employees.
Should I buy low-cost mutual funds or use a robo-advisor? »
The other advantage is that WealthBar offers a seamless transition from the group RRSP to a personal robo-advisor plan if an employee leaves or retires from a company…
In nod to Sanders, Clintons offers new health care proposals
– canadianbusiness.com
ORLANDO, Fla. – In another nod to primary rival Bernie Sanders, Hillary Clinton is proposing to increase federal money for community health centres and outlining steps to expand access to health care across the nation.
Clinton’s campaign says the proposal is part of her plan to provide universal health care coverage in the United States. The presumptive Democratic presidential candidate also is reaffirming her support for a public-option insurance plan and for expanding Medicaid by letting people age 55 year and older opt in.
The announcement Saturday was a clear gesture toward Sanders, who ran a strong primary campaign against Clinton and has held back from endorsing her candidacy as the party’s convention nears.
In a statement, Clinton said: “We have more work to do to finish our long fight to provide universal, quality, affordable health care to everyone in America.”
Clinton’s campaign noted that Sanders had promoted doubling money for primary care services at federally qualified health centres…
Clinton’s campaign says the proposal is part of her plan to provide universal health care coverage in the United States. The presumptive Democratic presidential candidate also is reaffirming her support for a public-option insurance plan and for expanding Medicaid by letting people age 55 year and older opt in.
The announcement Saturday was a clear gesture toward Sanders, who ran a strong primary campaign against Clinton and has held back from endorsing her candidacy as the party’s convention nears.
In a statement, Clinton said: “We have more work to do to finish our long fight to provide universal, quality, affordable health care to everyone in America.”
Clinton’s campaign noted that Sanders had promoted doubling money for primary care services at federally qualified health centres…
