How to go about securing the best return for your investment in Canada.
Latest News
How to manage and save money without a budget Oct 13th
“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 »
Donald Trump sued for fraud by New York state attorney general - CBC News Sep 21st
Donald Trump sued for fraud by New York state attorney general CBC NewsTrump sued by New York attorney general for fraud CTV NewsNY attorney general sues Donald Trump and his company CP24Trump Accused of Overvaluing His Assets in N.Y. Lawsuit The New York .... More »
Ombudsman: federal tax relief program needs funding to improve response time + MORE Nov 17th
OTTAWA _ The federal government’s Taxpayers’ Ombudsman says the Canada Revenue Agency needs more permanent base funding for a program that provides financial relief to taxpayers who fall behind on payments because of a disaster or hardship.
The ombudsman says in a report that it’s .... More »
They lack tech glamour. They’ve lagged the market. But blue-chip dividend stocks but can be smart buys + MORE Aug 31st
Columnist David Aston points out the opportunities that can, if you’re smart, eschew the risk from the most volatile sectors..... More »
Robo-advisor or all-in-one ETF: which is best for new investors? + MORE Jun 24th
Before delving in here, just a reminder that I am a Certified Financial Planner who does not sell any financial products, so I have no horse in this race. This commentary is entirely objective.
In my opinion, the best thing about the evolution of the investment industry is a (slight) increa.... More »
With slipping iPhone sales, stakes are high for Apple CEO Tim Cook – The Globe and Mail
– news.google.ca
The Globe and MailWith slipping iPhone sales, stakes are high for Apple CEO Tim CookThe Globe and MailIt's a September tradition as predictable as heading back to school. But when Apple Inc. chief executive officer Tim Cook takes to the stage Wednesday, where he is expected to unveil the latest iPhone, the stakes will be as high as they've been in years.Apple to launch its new iPhone 7 this weekThe Australian Financial ReviewApple iPhone 7, iPhone 7 plus: All you can expect from the biggest smartphone launch of the yearEconomic TimesiPhone 7 to Feature 4K Video Recording at 60 FPS?iClarifiedMirror.co.uk -Firstpost -International Business Times UK -The Indian Expressall 517 news articles »
Vancouver becomes Canada’s first ‘city of millionaires,’ study finds
– theglobeandmail.com
Ontario vaults past Alberta in household wealth amid commodities crash
Education costs going up, start RESP early and maximize the government grants
– canadianbusiness.com
OTTAWA – Parents looking at the bills rolling in as students head off to university and college may be wishing they had saved more.
But if you’re not at that stage yet, financial advisers say, it’s important to start early and put aside as much as possible.
Jamie Golombek, managing director at CIBC Wealth Strategies Group, says parents’ biggest mistake is waiting too long before they start saving with a registered education savings plan, or RESP.
“You can’t catch up on the tax-deferred compounding. Depending on the rate of return, this can really be significant,” he said.
If you can afford it, Golombek advises putting $2,500 a year per child into an RESP to maximize federal government grants.
“If you can set aside that money in the year the child is born and start saving every single year to maximize the grants … that really is the best way to accumulate the most amount of money over the long term in an RESP,” he said.
Regardless of your family’s income, the basic grants are equal to 20 per cent of contributions, up to $500 per year for each child under age 18 and a lifetime limit of $7,200…
But if you’re not at that stage yet, financial advisers say, it’s important to start early and put aside as much as possible.
Jamie Golombek, managing director at CIBC Wealth Strategies Group, says parents’ biggest mistake is waiting too long before they start saving with a registered education savings plan, or RESP.
“You can’t catch up on the tax-deferred compounding. Depending on the rate of return, this can really be significant,” he said.
If you can afford it, Golombek advises putting $2,500 a year per child into an RESP to maximize federal government grants.
“If you can set aside that money in the year the child is born and start saving every single year to maximize the grants … that really is the best way to accumulate the most amount of money over the long term in an RESP,” he said.
Regardless of your family’s income, the basic grants are equal to 20 per cent of contributions, up to $500 per year for each child under age 18 and a lifetime limit of $7,200…
Low taxes at dozens of firms in spotlight after Apple ruling
– canadianbusiness.com
NEW YORK, N.Y. – It turns out some wealthy companies are just like some wealthy hedge fund managers: They’re taxed at far lower rates than nearly everyone else.
Whether or not Apple used illegal breaks to pay virtually no taxes in Europe over 11 years, as regulators there contend and the company denies, the order last week that it pay billions in back taxes highlights a worrisome divide among the world’s biggest corporations: Some pay relatively little taxes, others a lot.
Taxes paid in the U.S. and abroad by tech companies like Apple amounted to 24 per cent of their profits in the 10 years through 2014, according to a Credit Suisse report. Energy companies paid 41 per cent, nearly double.
Experts say a tax system that divides companies so starkly into winners and losers raises issues of fairness, along with questions about the wisdom of using tax codes to shape corporate behaviour. It may also pose a danger to investors: Are companies that have boosted earnings by shifting headquarters abroad and other manoeuvrs vulnerable to a tax-collector crackdown?
Just which ones are vulnerable is difficult to know because tax rules are so complicated, but there is a lot of money at stake…
Whether or not Apple used illegal breaks to pay virtually no taxes in Europe over 11 years, as regulators there contend and the company denies, the order last week that it pay billions in back taxes highlights a worrisome divide among the world’s biggest corporations: Some pay relatively little taxes, others a lot.
Taxes paid in the U.S. and abroad by tech companies like Apple amounted to 24 per cent of their profits in the 10 years through 2014, according to a Credit Suisse report. Energy companies paid 41 per cent, nearly double.
Experts say a tax system that divides companies so starkly into winners and losers raises issues of fairness, along with questions about the wisdom of using tax codes to shape corporate behaviour. It may also pose a danger to investors: Are companies that have boosted earnings by shifting headquarters abroad and other manoeuvrs vulnerable to a tax-collector crackdown?
Just which ones are vulnerable is difficult to know because tax rules are so complicated, but there is a lot of money at stake…
