The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
Could selling a vacation property affect government pensions? Sep 2nd
Q. I was wondering what would happen if I sold my mobile home this year for $100,000. Currently, I receive Canada Pension Plan, Old Age Security and Guaranteed Income Supplement benefits totalling about $1,800 a month. Would the sale affect my pensions?
–Colleen
A. When you sell what is known as â.... More »
Capital gains taxes explained Nov 11th
Capital gains can be an afterthought after selling your home, or any property, stocks or shares. But it sure comes up around tax time.
What are capital gains?
You have a capital gain when you have sold, what the Canada Revenue Agency deems “capital property” (including securities in the form of.... 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 »
European shares fall as investors take stock of spreading virus - Reuters + MORE Mar 27th
European shares fall as investors take stock of spreading virus ReutersView Full coverage on Google News.... More »
MoneySense Toolkit: The mortgage refinance calculator Jan 13th
Mortgage payment calculator
Depending on your circumstances, refinancing your mortgage can be a smart financial choice. However, while you can reap substantial savings, there can also be high costs when refinancing a mortgage. That’s where a mortgage refinance calculator comes in. It can g.... More »
How Janet Yellen’s era at the Fed will be remembered
– theglobeandmail.com
Ms. Yellen’s achievements including guiding the Federal Reserve’s role in the U.S. economy’s recovery from a crushing financial crisis
Great West Life acquires EverWest in U.S. real estate push
– canadianbusiness.com
TORONTO _ Great-West Lifeco’s real estate arm has acquired the business of Colorado-based EverWest Real Estate Partners, marking its first move into the U.S.
The terms of the deal announced today were not disclosed.
The president of GWL Realty Advisors says the acquisition of EverWest provides the Canadian insurer’s wholly-owned subsidiary with a real estate platform south of the border and opens up investment opportunities for its clients.
Paul Finkbeiner adds that the purchase is an important step in the long-term growth strategy of GWL Realty Advisors, a Toronto-based real estate investment advisor which services pension funds and institutional clients.
Great-West Life is one of Canada’s largest insurance and wealth management companies and is part of the Power Corporation group of companies, one of Canada’s largest non-bank financial conglomerates.
EverWest, based in Denver, is a privately-held real estate investment and operating company which operates in several U…
The terms of the deal announced today were not disclosed.
The president of GWL Realty Advisors says the acquisition of EverWest provides the Canadian insurer’s wholly-owned subsidiary with a real estate platform south of the border and opens up investment opportunities for its clients.
Paul Finkbeiner adds that the purchase is an important step in the long-term growth strategy of GWL Realty Advisors, a Toronto-based real estate investment advisor which services pension funds and institutional clients.
Great-West Life is one of Canada’s largest insurance and wealth management companies and is part of the Power Corporation group of companies, one of Canada’s largest non-bank financial conglomerates.
EverWest, based in Denver, is a privately-held real estate investment and operating company which operates in several U…
Dow tumbles 666 points as stock market drops amid fears of rising interest rates – Los Angeles Times
– news.google.ca
Los Angeles TimesDow tumbles 666 points as stock market drops amid fears of rising interest ratesLos Angeles TimesStock prices fell sharply from near record highs Friday, with the Dow Jones industrial average tumbling 666 points, or 2.5%, to close out the worst week on Wall Street in years. The main trigger was growing concern about rising interest rates and …Dow plunges to close down 670 points in worst drop since June 2016Financial PostToronto market in triple-digit decline, US markets fall sharplyCTV NewsThe close: Dow sheds more than 650 points; worst week in two yearsThe Globe and MailUSA TODAY -Washington Post -The Guardian -New York Timesall 138 news articles »
Should I withdraw from my TFSA to contribute to an RRSP?
– moneysense.ca
Q. When does it make sense to withdraw money from a TFSA and move it to an RRSP? I am in my late 50s and considering doing this as I have a fairly high income and not much cash on hand to make RRSP contributions. Is that a good move for me? – Deirdre T.
I like that you are thinking about ways to reduce tax, Deirdre, and if you’re careful it may be a good move; if not, it could be a big mistake.
There are two things to think about:
Will your tax rate in retirement be lower than it is now? If so this could be a good strategy.  Also think about things like the OAS clawback, the age credit, GIS, GST credit etc…
A TFSA contribution is an after-tax contribution and an RRSP contribution is a pre-tax contribution. A $5,000 contribution to a TFSA is not the same as a $5,000 contribution to an RRSP. If your marginal tax rate is 40% and you draw $5,000 from your TFSA you’ll have $5,000. The same $5,000 withdrawal from your RRSP will leave you with $3,000, and that’s where you could make your mistake…
Great-West Life acquires EverWest in U.S. real estate push
– theglobeandmail.com
The president of GWL Realty Advisors says the acquisition of EverWest opens up investment opportunities for its clients
