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Venezuela's Maduro offers to negotiate with opposition - CBC.ca Jan 30th
Venezuela's Maduro offers to negotiate with opposition CBC.caVenezuelan court slaps travel ban on opposition leader Guaido, freezes his assets Global NewsCourt bars Venezuela opposition leader from leaving nation CTV NewsVenezuela's slow coup continues Al .... More »
Making sense of the markets this week: October 15, 2023 + MORE Oct 13th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Clearly, the biggest world news is the conflict in Israel and Gaza. This week we are holding off discussing the effects.... More »
Best Financial Advice for New Homeowners Sep 25th
After college expenses, choosing to purchase a home of any kind is the second largest expense you are likely to take on. The whole process, while intricate, doesn’t have to be complicated. However, it pays to be prepared. By taking the time to plan now and sticking to that plan, you could save.... More »
Donald Trump’s new meme coin: $Trump Jan 20th
President-elect Donald Trump has launched a new cryptocurrency token that is soaring in value—and potentially boosting his net worth—just before his inauguration. It’s the latest norm-defying promotion by Trump, who has also helped sell branded bibles, gold sneakers and diamond-encrusted watch.... More »
Save for your child’s education or you might live to regret it Jul 5th
An RESP provides for tax-deferred investment growth and is a fantastic tool that allows a parent, grandparent, friend or legal guardian to save money for a child’s post-secondary education..... More »
Do I need to retire my debt, before I retire myself?
– moneysense.ca
Q: So, I’m retiring (single male 65) with $850,000 total in RRSPs and a DCP where I currently work.
I have no debt. I owe $50,000 on a $500,000 home. I pay $730/month. Mortgage is due May 2019. Penalty would be minimal. Should I pay it out in 2018, my first year ‘unemployed’? What are my options?
—Art
A: Retiring debt-free should be a goal for Canadians in their 50s and 60s, but it’s not always possible. And it’s not always bad to retire with debt either. I think yours is a good case study, Art, to illustrate this concept.
With a mortgage that is only 10% of your home value and a net worth of $1.3 million, a $50,000 mortgage doesn’t seem like much, but I understand your dilemma. You’d like to get rid of it and you have this money sitting in your RRSP and your employer defined contribution (DC) pension plan that you could use.
Ask a Planner: Leave your question for Jason Heath »
The problem is, to pay off $50,000 of mortgage debt, you would likely need to take a withdrawal of $65,000 from your investments to be left with $50,000 pre-tax…
Long Island Iced Tea Corp. says it is changing its name to Long Blockchain Corp., as it wants to focus more on blockchain technology – a move that sent the company’s stock surging.
Morneau admits communication over contentious tax changes could’ve been clearer
– canadianbusiness.com
OTTAWA _ Bill Morneau is staying put as finance minister _ but he admits he’s closing out his tumultuous year with some regrets.
Morneau enters the holiday season after being battered for months by controversy over a highly contentious tax-reform plan, stinging ethical questions over how he arranged his personal assets upon entering cabinet and conflict-of-interest allegations.
Looking back, he said in an interview that, perhaps, he could have done more to avoid at least some of the flak linked to his proposed tax changes for small businesses.
“Obviously, I don’t have the ability to change how we did things,” Morneau told The Canadian Press, referring to a suite of tax proposals he later scaled back in response to waves of angry complaints from entrepreneurs, doctors, tax specialists and fellow Liberal MPs.
“Reflecting on how we communicated the tax changes, my sense is that there’s two things that we could have done differently… We could have articulated more clearly for Canadians how these changes were going to advantage the overall economy and Canadian families,” he said…
Morneau enters the holiday season after being battered for months by controversy over a highly contentious tax-reform plan, stinging ethical questions over how he arranged his personal assets upon entering cabinet and conflict-of-interest allegations.
Looking back, he said in an interview that, perhaps, he could have done more to avoid at least some of the flak linked to his proposed tax changes for small businesses.
“Obviously, I don’t have the ability to change how we did things,” Morneau told The Canadian Press, referring to a suite of tax proposals he later scaled back in response to waves of angry complaints from entrepreneurs, doctors, tax specialists and fellow Liberal MPs.
“Reflecting on how we communicated the tax changes, my sense is that there’s two things that we could have done differently… We could have articulated more clearly for Canadians how these changes were going to advantage the overall economy and Canadian families,” he said…
Assessing the risks of cryptocurrency investing as warnings grow louder
– canadianbusiness.com
CALGARY _ The growing frenzy around bitcoin and other cryptocurrency offerings has prompted warnings from a range of financial heavyweights on the risks that current and potential investors should keep in mind.
Bank of Canada governor Stephen Poloz sounded the alarm last week, saying that buying into the trend is “closer to gambling than investing”, while Canada’s securities regulators association issued a special warning on Monday about the high level of risk associated with digital currency-linked products.
Top of mind for many is the question of just how big a bubble bitcoin is in. Virtually worthless in early 2009, the cryptocurrency hit US$1,000 by early 2017 and then soared to its current price of just under US$17,000, a 12-month gain of more than 1,900 per cent.
The disruptive potential of bitcoin and its underlying blockchain technology is only helping fuel the speculation and could lead it to go higher still, said BMO Financial Group chief economist Doug Porter…
Bank of Canada governor Stephen Poloz sounded the alarm last week, saying that buying into the trend is “closer to gambling than investing”, while Canada’s securities regulators association issued a special warning on Monday about the high level of risk associated with digital currency-linked products.
Top of mind for many is the question of just how big a bubble bitcoin is in. Virtually worthless in early 2009, the cryptocurrency hit US$1,000 by early 2017 and then soared to its current price of just under US$17,000, a 12-month gain of more than 1,900 per cent.
The disruptive potential of bitcoin and its underlying blockchain technology is only helping fuel the speculation and could lead it to go higher still, said BMO Financial Group chief economist Doug Porter…
The growing frenzy around bitcoin and other cryptocurrency offerings has prompted warnings from a range of financial heavyweights on the risks that current and potential investors should keep in mind.
