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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Compare the best GIC rates in Canada 2023 Feb 15th
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The best GIC rates in Canada for 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Crypto marketing: What can be said—and not said—in Canada? + MORE Dec 14th
I saw an ad saying there’s no risk in trading bitcoin. How can they say that?—Abbas
Good question. Crypto companies try to entice new customers with flashy marketing. Sometimes, the offers sound far too good to be true, promising outsized returns or low to no investment risk.
Here’.... More »
Are ETFs a good investment for an all-weather portfolio? + MORE Feb 2nd
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investments—suffered losses in 2022, as central banks hiked interest rates. Meanwhile, stocks look determine.... 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 »
Canadian bank earnings reports Dec 6th
The Big Six banks in Canada reported on their earnings this week. Here are the takeaways, including revenue, prices and dividends.
Canadian bank earnings highlights
Here’s how Canadian banks performed in the three months ending October 31st, 2024:
BMO Financial Group (BMO/TSX): Adjusted ear.... More »
Do you pay capital gains tax when separating or divorcing?
– moneysense.ca
I just read your article on paying capital gains on a property inherited from a spouse when there was no official separation agreement in place. Interesting, and I have a related question. If spouses separate with an official separation agreement but keep the matrimonial home and mortgage in both names, as one spouse living in the house and assuming all payments, does the spouse that leaves have to pay capital gains at that time or later when the home is finally sold? If ever?–Mark
Capital gains tax when separating or divorcing
When spouses separate or divorce, there is often an equalization of net family property and a transfer of assets between them. Spousal or child support payments may also be required to be paid from one spouse to the other thereafter.
Money in a registered retirement savings plan (RRSP), or similar retirement account, can be transferred from one spouse to another without triggering any tax implications such that the funds remain tax deferred.
Likewise with capital assets—like non-registered investments, rental properties, or private company shares—that may be subject to capital gains tax…
