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.
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What the heck is a TFSA? Jun 4th
One of the side-effects of working for a personal finance magazine is that my buds good-naturedly ask me for advice. I always oblige, albeit sheepishly, without letting on that I’m still learning, too (which I freely admit here).For instance, the other day I was having lunch with some friends whe.... More »
Why TransCanada investors haven't benefited from the Keystone approval + MORE Nov 22nd
Investors are seemingly oblivious to what appears to be good news for the stock, but this cautious response looks like an opportunity for anyone willing to make a long-term bet
.... More »
Jose Cuervo, world's biggest tequila maker, postpones IPO after Trump election win + MORE Nov 24th
Tequila producer Jose Cuervo has put its IPO on hold following the election of Donald Trump, which has weighed on Mexican stocks and currency, according to people familiar with the matter..... More »
Balancing personal and financial goals as you build a new life in Canada + MORE Nov 19th
Starting over in a new country can feel like being handed a blank canvas and a long to-do list. There’s the excitement of exploring your new surroundings, trying new foods, and building a life from scratch. But alongside that is the very real pressure of needing to get your finances in order.
F.... More »
China's economic growth slowest since 1990 amid trade war with US - The Guardian Jan 21st
China's economic growth slowest since 1990 amid trade war with US The GuardianChina economy: Fourth quarter growth slips to 6.4% BBC NewsChina says its economy grew 6.6 percent in 2018. That's the lowest official pace in 28 years CNBCChina's Stimulus Isn't Boosting C.... More »
Our investment advisers’ moral compasses are still being aligned
– theglobeandmail.com
Should caveat emptor apply when buyers think they are hiring a professional to help them do the shopping?
As user growth stalls, Twitter aims to raise its profile with advertisers
– theglobeandmail.com
Twitter needs to grow in order to thrive in an investment with growing competition for social-media ad dollars
Minimizing capital gains tax through a property sell strategy
– moneysense.ca
Q: We own a cottage and a six-plex, which is where we also live full-time. Now we want to sell the apartment building and maybe the cottage and use the funds to buy a new residence in the city. How can we best structure this transition to minimize the capital gains taxes we will owe?— Liz Kargus, Ont.
Ayana Forward is a certified financial planner in Ottawa:
If you are expecting two rather large capital gains on both properties I would recommend spacing the transactions out over two years in order to lower your marginal tax rate. Spacing out the transactions will also offer you some opportunity to defer the taxes owing over potentially three years instead of one. Also be sure to utilize the principal residence exemption on the portion of the apartment building that applies to your living area.
Ayana Forward is a real estate investor who also holds the Certified Financial Planner (CFP®) designation. Ayana is fee-based Financial Planner with Ryan Lamontagne Inc in Ottawa, ON…
Premarket: European shares fall, oil rises as markets return to Fed watching
– theglobeandmail.com
With earnings season largely over, investors again focus on whether U.S. central bank will raise interest rates
Nearly half of investors say advisers don’t help set goals, J.D. Power report
– canadianbusiness.com
TORONTO – A new survey suggests that nearly half of Canadian investors aren’t receiving basic goal-setting advice from the advisers they’re paying.
The J.D. Power report found that 46 per cent of full-service Canadian investors say their adviser didn’t help them set goals based on their risk tolerance.
Of those surveyed, 66 per cent also said their adviser didn’t deliver on what the study identified as the three broad stages of goals-based investing: setting personal goals, implementing a strategy to achieve those goals, and monitoring progress.
Mike Foy, director of the wealth management practice at J.D. Power, said the results do not speak well for the industry.
“Forty-six per cent of investors said that their adviser didn’t meet what we call Stage One of the goals-approach, which is helping set goals and assessing risk tolerance,” he said.
“If you’re not doing that, the question is what are you doing.”
Investors are set to start receiving more information regarding the fees they pay investment advisers under changes known as CRM2 that came into force earlier this year…
The J.D. Power report found that 46 per cent of full-service Canadian investors say their adviser didn’t help them set goals based on their risk tolerance.
Of those surveyed, 66 per cent also said their adviser didn’t deliver on what the study identified as the three broad stages of goals-based investing: setting personal goals, implementing a strategy to achieve those goals, and monitoring progress.
Mike Foy, director of the wealth management practice at J.D. Power, said the results do not speak well for the industry.
“Forty-six per cent of investors said that their adviser didn’t meet what we call Stage One of the goals-approach, which is helping set goals and assessing risk tolerance,” he said.
“If you’re not doing that, the question is what are you doing.”
Investors are set to start receiving more information regarding the fees they pay investment advisers under changes known as CRM2 that came into force earlier this year…
