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Making sense of the markets this week: December 14 Dec 12th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
What’s coming down the pipeline for Canadian investors?
Canadian pipeline companies move oil and gas around North America. They don’t carry the risk of having to find an.... More »
How do you take RDSP withdrawals? + MORE Jun 12th
Registered disability savings plans (RDSPs) were created in the 2007 federal budget, and the first accounts were opened in December 2008. It took a while for financial institutions to offer them and, even now, you cannot open RDSPs everywhere.
Most Canadians with RDSPs have only ever deposi.... More »
At least 2 people shot at Manhattan office building housing financial firms and NFL, AP source says - CTV News Jul 29th
At least 2 people shot at Manhattan office building housing financial firms and NFL, AP source says CTV NewsFive people, including gunman, dead in shooting at New York City high-rise NBC NewsThe 'hero' policeman who died saving lives during NYC skyscraper shooting BB.... More »
How to make sense of contradictory investment advice Jan 10th
Q. Several investment sources are giving advice that seems contradictory. On the one hand, it is often preached that the key to smart investing is having a long-term view. That is, buy and hold good-quality stocks for long periods of time (10-plus years). It is argued this kind of passive approach, .... More »
The best GIC rates in Canada for 2025 + MORE Dec 29th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Class action suit against Valeant set to go to trial after court rejects appeal
– canadianbusiness.com
MONTREAL _ A class-action lawsuit brought on behalf of investors against Valeant Pharmaceuticals Inc. will go to trial.
The Quebec Court of Appeal dismissed applications for leave to appeal from the defendants, who asked the court to review a Quebec Superior Court judge’s authorization of the suit.
The class action was brought on behalf of persons who acquired securities of Valeant (TSX:VRX) outside the United States between Feb. 28, 2013 and Oct. 26, 2015 who claim the price of shares purchased was artificially inflated by company misrepresentations.
According to these allegations, Valeant allegedly engaged in misconduct in its commercial activities and in the disclosure of financial information, particularly with respect to his relationship with mail order pharmacy Philidor Rx Services.
The lawsuit points out that Valeant identified significant weaknesses in its internal controls over financial information. As it corrected the errors by restating its results for fiscal years 2014 and 2015, the share price plummeted by as much as 80 per cent, wiping tens of billions of dollars from its market value…
The Quebec Court of Appeal dismissed applications for leave to appeal from the defendants, who asked the court to review a Quebec Superior Court judge’s authorization of the suit.
The class action was brought on behalf of persons who acquired securities of Valeant (TSX:VRX) outside the United States between Feb. 28, 2013 and Oct. 26, 2015 who claim the price of shares purchased was artificially inflated by company misrepresentations.
According to these allegations, Valeant allegedly engaged in misconduct in its commercial activities and in the disclosure of financial information, particularly with respect to his relationship with mail order pharmacy Philidor Rx Services.
The lawsuit points out that Valeant identified significant weaknesses in its internal controls over financial information. As it corrected the errors by restating its results for fiscal years 2014 and 2015, the share price plummeted by as much as 80 per cent, wiping tens of billions of dollars from its market value…
Wednesday will be a big day for Canadian retailers. Here's what to expect
– theglobeandmail.com
A big day for Canadian retailer earnings looms ahead with Hudson’s Bay, Dollarama,
Lululemon and Roots all set to report
Lululemon and Roots all set to report
Is an RRSP worth it if you’re retiring abroad?
– moneysense.ca
Q: I am a permanent resident living in Canada. Is it worth me investing in an RRSP, when chances are I will be back in my home country in say 10 years?
What would be the penalty of withdrawing my RRSP on my return home?
—Tim
A: People who are living temporarily in Canada or Canadians who are planning to retire abroad often wonder if they should contribute to an Registered Retirement Savings Plan (RRSP). Likewise, Canadian expats often end up on temporary work assignments in other countries and must navigate foreign retirement and tax planning.
In your case, Tim, while you are a Canadian resident, you must file a Canadian tax return. Canada taxes its residents on their worldwide income. To the extent that you have earned income like employment or business income, you will generate RRSP room. RRSP deductions can be deducted against other sources of income and are tax deductible on your tax return. RRSPs grow tax-deferred until you take withdrawals.
Ask a Planner: Leave your question for Jason Heath »
If your taxable income is $50,000, your marginal tax bracket ranges from 28-37% depending on your province of residence…
Mueller reports $6.7M spent on Trump-Russia probe – CTV News
– news.google.ca
CTV NewsMueller reports $6.7M spent on Trump-Russia probeCTV NewsWASHINGTON — The special counsel investigation into possible co-ordination between U.S. President Donald Trump's campaign and Russia during the 2016 presidential election has cost more than $6.7 million so far, according to a financial report released …Donald Trump's lawyer denies bank records were subpoenaed by Robert MuellerGlobalnews.caThe Latest: Trump lawyer denies financial record subpoenaNational PostSpecial Counsel Investigation Has Cost at Least $6.7 millionNew York TimesNewsweek -RollingStone.com -TwinCities.com-Pioneer Press -Daily Beastall 222 news articles »
The Bank of Montreal posted a quarterly profit of $1.2 billion in the fourth quarter, a drop of 9 per cent from last year’s level.
