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Elon Musk says talking to Saudi fund, others on Tesla buyout Aug 13th
Tesla Inc. chief executive Elon Musk said on Monday a July 31 meeting with Saudi Arabia's sovereign wealth fund convinced him he could secure funding to take the electric car-maker private, but that he was still talking to the fund and other investors as he seeks to nail down fina.... More »
Businesses and Pest Management + MORE Jun 26th
Paying off the mortgage is crucial for growing your wealth!
The Ins and Outs of Running a Business
No one ever said that running a business was a simple thing. It’s actually the opposite of simple. If you want to soar as an entrepreneur in this world, then you have to put a lot of thought into.... More »
Compare the Best GIC Rates in Canada Jan 27th
How to use this tool: You can simply scan the table below to view GIC interest rates offered by financial institutions across Canada. Click on one of the tabs at the top of the table to focus on your choice of Non-Registered, Registered, TFSA-eligible or U.S.-dollar GICs.
Or, follow the prompts in t.... More »
Webull Canada Review 2024 + MORE Feb 15th
Webull has arrived in Canada recently. The buzzy stock trading platform, which has 11 million customers around the world, announced on January 2 that it was accepting applications for Canadian accounts. Should you use Webull?
Is Webull available in Canada?
Yes. Webull Corporation, a pop.... More »
Richardson GMP stays the course despite numerous bids to buy firm + MORE Nov 11th
Canada’s largest independent broker will not be sold
.... More »
TD sells home improvement financing assets
– theglobeandmail.com
Fintech firm Financeit and Concentra acquired the TD assets, which had a book value of about $339-million
Property owners and parents must often compromise to pay for kids and a house
– canadianbusiness.com
TORONTO – When 30-year-old Jessica Moorhouse and her husband recently moved into their $460,000 townhouse in Toronto’s west end, they weren’t buying the detached home of their dreams.
Still, the young couple felt good they’d found an affordable place within the city’s hot real estate market — with enough room for the baby they one day plan on having.
“We could have definitely gotten a place maybe more in the city, nicer, that we wouldn’t have to fix anything up, that was a one bedroom,” says Moorhouse, who also blogs about her finances.
“But we would have been limited because … we want to start a family.”
People yearning for home ownership and parenthood can face an uphill battle in cities where soaring housing prices and costly daycare fees can be formidable. But the dream can be within reach, so long as house hunters and future parents are willing to compromise on a few things.
When it comes to a couple’s mortgage pre-approval, “the bank may say they can afford X, Y and Z,” says Laurie Campbell, CEO of Credit Canada…
Still, the young couple felt good they’d found an affordable place within the city’s hot real estate market — with enough room for the baby they one day plan on having.
“We could have definitely gotten a place maybe more in the city, nicer, that we wouldn’t have to fix anything up, that was a one bedroom,” says Moorhouse, who also blogs about her finances.
“But we would have been limited because … we want to start a family.”
People yearning for home ownership and parenthood can face an uphill battle in cities where soaring housing prices and costly daycare fees can be formidable. But the dream can be within reach, so long as house hunters and future parents are willing to compromise on a few things.
When it comes to a couple’s mortgage pre-approval, “the bank may say they can afford X, Y and Z,” says Laurie Campbell, CEO of Credit Canada…
Canadian home sales drop for fourth month in a row – CTV News
– news.google.ca
CTV NewsCanadian home sales drop for fourth month in a rowCTV NewsOTTAWA — The Canadian Real Estate Association says home sales dropped 3.1 per cent in August from July for the fourth straight monthly decline. The association says much of the move reflects the slowing activity in British Columbia's Lower Mainland, …Canadian home sales decline for fourth month, expected to cool in 2017bnn.caCanadian house prices still rising, but at slowest annual pace since January 2015CBC.ca3 Signs That Vancouver's Housing Market Could Be CoolingThe Motley Fool CanadaCanada NewsWire (press release) -Mortgage Broker News -Reutersall 9 news articles »
Toronto StarAnti-money laundering body says Canada's rules can be improvedReuters CanadaTORONTO (Reuters) – Canada can improve its anti-money laundering rules regime, an international group that monitors the worldwide laundering of illicit cash said on Thursday, calling into question the effectiveness of the country's financial …Parliamentarian backs FATF deal, calls it a banking mustTehran Timesall 8 news articles »
What to do if you went over your RRSP contribution limit
– moneysense.ca
Q: I over-contributed about $900 to my RRSP but I’ve already submitted my taxes. I want to remove the excess and put it in my TFSA. If I do that, what steps do I have to take to adjust my tax return and will I owe a penalty?
—Eileen Tan, Toronto
A: Take a deep breath. You don’t need to do anything. You are within the $2,000 of wiggle room the CRA provides on over-contributions. And if the $900 contribution was made in the first two months of the year, it can be applied to either the prior year or current year.
Even though you aren’t facing a penalty, there are a few ways to shift that amount to your TFSA if you really want to. Ian Collings, a CFA and CFP at Vancouver-based Collings Financial, says, “the most complex way to transfer the funds is to file a T3012A and withdraw the funds. Then file a T1OVP to calculate your penalties.” Yaaaawwwn. I’m way, way too lazy to do that, so luckily Collings has another option. “The simplest is to reduce your future RRSP contributions and save in your TFSA…
