There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Why the $35,000 RRSP Home Buyers’ Plan won’t be much help + MORE Mar 25th
It’s been about a week since federal budget day and I still have questions about some of the things the government announced. For instance, why did they introduce a deferred annuity, which will allow Canadians to put 25% of their RRSP or RRIF into an annuity that must start paying out by 85 at the.... More »
Court to rule Thursday in fight over release of real estate sold figures + MORE Aug 22nd
The Supreme Court of Canada said it will announce on Thursday morning whether it will hear an appeal from the Toronto Real Estate Board that would keep TREB's members from publishing home sales data on their password-protected sites..... More »
Canadian bank earnings forecast bright but housing, NAFTA cloud outlook + MORE Feb 20th
The forecast for Canada's biggest banks is bright thanks to U.S. tax reform and higher interest rates, but as they report first-quarter results this week, domestic mortgage demand and the North American Free Trade Agreement could cloud the long-term outlook, analysts say..... More »
How is investment income taxed in Canada? Jul 3rd
Ask MoneySense
I have a GIC and wondered what if I take out $50,000, how much income tax will I be paying?
My financial advisor is not very helpful.
–Louise
There are tax considerations when you own investments. There may be tax owing when you sell investments. And different investment .... More »
Good habits that can help you improve your credit score + MORE Dec 31st
You probably know you should care about your credit score, but do you know why? Simply put, this three-digit number can either help or hurt you in your journey towards financial wellbeing—and it can have far-reaching effects.
Your credit score affects your chances of getting approved for a cre.... More »
Canadian stocks reach new heights as TSX surges to record intraday mark
– theglobeandmail.com
Latest gains continue a rally that started in early September
The Toronto Stock Exchange’s benchmark index rose to a new intraday record on Friday, as financial services and energy companies that are so prevalent on the exchange moved higher.
At the open: TSX slips with banks, Cameco; Saputo jumps
– theglobeandmail.com
S&P, Nasdaq up on strong tech earnings, GDP data
The U.S. economy, bolstered by business investment, grew at a solid annual rate of three per cent in the third quarter. It marks the first time in three years that growth has hit at least three per cent for two consecutive quarters.
Has ‘fixing’ Canada’s mortgage market made it riskier?
– macleans.ca
THE CANADIAN PRESS IMAGES/Sean KilpatrickAdam Farber has a practical, if slightly gory, view of his place in Canada’s mortgage market. “You come to me with an open wound,” he says. “You’ve been beaten up. I’m your last option.” Farber, the vice-president of Corwin Mortgage Capital in Toronto, is a private mortgage lender. Borrowers who can’t get a loan elsewhere will sometimes seek private funds that bear higher interest rates. It’s a business that’s mostly unregulated—and set to grow. Ironically, one of the unintended—and potentially dangerous—consequences of regulators’ recent attempts to stabilize the mortgage market may be to push people toward riskier products. “My business is going to explode at this point,” Farber predicts. “With me, people are going to qualify because there’s no stress-test.”
Earlier this month, the Office of the Superintendent of Financial Institutions, the country’s banking regulator, introduced a new stress-test for banks to apply to borrowers…
