CIBC hikes dividend despite 11 per cent profit drop + MORE Feb 28th

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RBC beats profit expectations, raises dividend and plans to buy back shares - The Globe and Mail May 28th

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Over the last few months, Canadians have slowly started returning to the office—and many more will likely head back soon. Among the adjustments they’ve had to make is getting used to wearing real pants instead of sweatpants, and remembering how to make small talk with co-workers.  And then t.... More »
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investment

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How non-residents are taxed on dividends and other forms of income
Q. I have been retired and living in the Philippines since 2009. I file my taxes as a non-resident of Canada. I have an RRSP, a LIRA, as well as a non-registered account with a major Canadian bank. My world income is 100% from Canada consisting of CPP, systematic withdrawals from retirement savings, and OAS to follow when I reach 65 next year. When monies are withdrawn the bank retains a 25% holdback for taxes. When I file my non-resident taxes I get a partial refund as my withdrawals to date have been minimal hence my tax rate has been less than 25%.
My question has to do with taxes being withheld from dividends earned from both my registered and non-registered stocks. The bank also deducts a withholding tax from dividends as they are paid out. I do not receive an information slip for taxes withheld from dividends. These dividend-paying funds were purchased when living and working in Canada during my long career. They are primarily held in U.S. funds. Why am I being taxed on these dividends without receiving an information slip?
Thank you in advance, Gregor
A…

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Canada’s Best Balance Transfer Credit Cards 2019Are you longing to be debt-free but struggling with high-interest cards? Then a balance transfer credit card, which allows you to move the balance off of some or all of your credit cards over to this new card at a super low-interest rate if you sign up (sometimes even as low as 0%) can be a good strategy for you. Just keep in mind that these great low rates are limited and when that period ends—often six month only—the rates will go back up.
The best balance transfer credit cards in Canada 2019

MBNA True Line Mastercard — 0% promo interest rate (additional fees may apply)
MBNA True Line Gold Mastercard — 0% promo interest rate (additional fees may apply)
Scotiabank Value Visa — 0.99% promo interest rate
PC Financial World Elite MasterCard – Honorable mention
More on the best credits cards – View a complete list of top cards by category
Our methodology – For greater insight into our rankings

MBNA True Line MasterCard*
Free: No annual fee
Balance transfer offer: No annual interest on balance transfer fees for the first 6 months (1% fee also applies)…

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Canada’s big banks feel the pain from the stock market’s swoon  Financial PostTD misses profit estimates by wide margin, raises dividend  BNNBloomberg.caFirst-quarter earnings for CIBC, TD fall short amid market volatility, loyalty program charge  The Globe and MailCredit quality is deteriorating in Canada, and banks are feeling the impact  Financial PostCIBC hikes dividend despite 11 per cent profit drop  CBC.caView full coverage on Google News

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The Canadian Imperial Bank of Commerce hiked its dividend as it reported its first-quarter profit fell 11 per cent to $1.18 billion, missing expectations.

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