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.
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Toronto real estate board calls on Ottawa to revisit mortgage stress test - 680 News Feb 6th
Toronto real estate board calls on Ottawa to revisit mortgage stress test 680 NewsToronto Real Estate Board urges OSFI to 'revisit' stress tests BNNBloomberg.caToronto home sales expected to rebound, but mortgage rules need review: TREB The Globe and MailToronto area.... More »
Stock news for investors: Laurentian bank and BRP Jun 5th
Here’s a round-up of news for Canadian investors this week.
Laurentian bank
BRP Inc
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 2.00% interest, tax.... More »
Trump wants companies to report earnings twice a year, not four times Aug 17th
U.S. President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter..... More »
How to make more money in Canada: 6 side hustle ideas Mar 6th
Six ideas for earning extra money
Drive for a ridesharing or delivery service Turn your hobby into a side businessStart freelancingRent out your carGet paid for filling out surveysMake money on social media
How do you start a side hustle?
As inflation skyrocketed and prices for everyday .... More »
Stock market news for Canadian investors: Loblaw, Walmart and more Feb 21st
Companies that reported earnings this week
Gildan
Loblaw
Walmart
Gildan Activewear reports $132.3M Q4 profit, raises dividend 10%
Source: Google
Gildan (TSE: GIL)
(All figures in U.S. dollars.)
Q4 profit: $132.3 million or 86 cents per diluted share, down from $153.3 mill.... More »
A bear market checklist, a reality check on the loonie and exports, and a small cap on the verge of breaking out
– theglobeandmail.com
A roundup of investment ideas for active investors
The Bank of Nova Scotia raised its dividend Tuesday as it reported better-than-expected adjusted profit of roughly $2.275 billion for its first quarter, with strong earnings internationally as well as at home.
When income drops, should we tap the RRSP and feed the TFSA?
– moneysense.ca
FlickrI’ve been contributing to a spousal RRSP while my wife stays at home with our four kids. She only has income that is provided from the government as child benefits.
Can I withdraw the maximum annual non-taxed amount minus the child benefits from the RRSP and deposit in her TFSA? This would eliminate playing taxes on eventual RRSP withdrawals.
– Jeff
You ask a good question, Jeff. One of my financial planners had this question recently from a client and we evaluated the pros and cons. So, I think the answer may be of interest to others.
Everyone has a federal “basic personal amount” of income that they can earn tax-free without paying any federal tax. For 2018, this is $11,809. Their provincial or territorial basic personal amount varies by province or territory of residence but ranges from $8,160 in Prince Edward Island to $18,915 in Alberta for 2018.
So, most Canadians can earn at least $10,000 (sometimes much more) of income without paying any tax.
In your case, Jeff, your wife may be able to withdraw $10,000 or more tax-free from her registered retirement savings plan (RRSP)…
Unlike most boycotts, the #BoycottNRA campaign might really work
– canadianbusiness.com
Protesters hold signs during a rally for gun control at the Broward County Federal Courthouse in Fort Lauderdale, Florida on February 17, 2018. Seventeen people died and more than a dozen were wounded following a deadly shooting at Marjory Stoneman Douglas High School in Parkland, Florida on February 14. (Crowdspark/AP)If the NRA were a publicly-traded corporation, I’d be short selling its stock. Not because the organization is going away any time soon, or because I think Americans are going to repeal the Second Amendment any time soon. But because a group of high school students seem to be doing substantial damage to its already divisive brand.
And I’m willing to predict that its brand is going to suffer serious and meaningful damage over the coming weeks and months.
The primary reason is, of all things, a commercial boycott, spearheaded by the student survivors of the recent Florida school massacre, and their supporters. It’s one of the few boycotts I’ve seen that I think actually makes sense, tactically and ethically…
