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RRIF and LIF withdrawal rates: Everything you need to know Mar 6th
At some point, a registered retirement savings plan (RRSP) is typically converted to a registered retirement income fund (RRIF). The latest you can defer the conversion of your account is the end of the year you turn 71. This means that by December 31 of your 71st year, you need to either withdraw t.... More »
Mark Mobius on emerging markets: ‘The picture has changed dramatically’ + MORE Jul 16th
Mark Mobius shares his views on investing in developing economies and stock rebounds
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A tale of two retailers: Dollarama profits soar, while Sears Canada falters + MORE Jun 8th
TORONTO – Two Canadian companies reported vastly different financial results Wednesday, with Dollarama’s profits soaring and Sears Canada continuing to falter.
Their finances hint at how legacy retailers can struggle to respond to a shifting shopping landscape while newer entrants thrive.... More »
Trump official orders consumer protection agency to stop work - CTV News Feb 9th
Trump official orders consumer protection agency to stop work CTV NewsConsumer financial watchdog is ordered by acting director to stop fighting financial abuse CNNTrump’s acting chief of federal financial watchdog orders staff to pause activity The Guardian USTrum.... More »
San Diego utility asks customers for $808M to recover investments at closed SoCal nuke plant
– canadianbusiness.com
SAN DIEGO – The power utility that co-owns a recently shuttered nuclear plant is asking California regulators to let it recover its investments by collecting more than $800 million from customers.
The California Public Utilities Commission is evaluating the request from San Diego Gas & Electric, which owns a 20 per cent stake in the San Onofre power plant on a coastal bluff between San Diego and Los Angeles.
San Onofre was initially shut down in 2012 after a small radiation leak led to the discovery of heavily damaged tubing in its virtually new steam generators. The plant was formally retired in June.
U-T San Diego reports (http://bit.ly/166TT0w ) that state regulators plan to consider whether it is reasonable for customers to pay for breaking down a plant that no longer produces power.
“Just as customers would see the benefit of assets that are still productive after fully depreciated (paid off), they should also be responsible for paying costs for assets that are retired early as long as those assets were operated prudently,” SDG&E argued in testimony to the commission…
The California Public Utilities Commission is evaluating the request from San Diego Gas & Electric, which owns a 20 per cent stake in the San Onofre power plant on a coastal bluff between San Diego and Los Angeles.
San Onofre was initially shut down in 2012 after a small radiation leak led to the discovery of heavily damaged tubing in its virtually new steam generators. The plant was formally retired in June.
U-T San Diego reports (http://bit.ly/166TT0w ) that state regulators plan to consider whether it is reasonable for customers to pay for breaking down a plant that no longer produces power.
“Just as customers would see the benefit of assets that are still productive after fully depreciated (paid off), they should also be responsible for paying costs for assets that are retired early as long as those assets were operated prudently,” SDG&E argued in testimony to the commission…
