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
Brookfield to spin off 35% of business-services operations + MORE Oct 7th
The dividend is worth about 50 cents a share, or about $500 million, the Toronto-based company said
.... More »
Agree or Disagree – Testing 15 Financial Rules + MORE Aug 18th
Recently, this article on BrighterLife.ca caught my attention – 15 common financial rules of thumb. Author of this article Dave Dineen offered his take on these rules, and today’s post will offer mine.
Your retirement income needs to be 70% of your working income.
Largely agree, this is one .... More »
B.C. court tosses out lawsuit against Maple Leafs coach over failed hotel project + MORE Mar 17th
Mike Babcock was sued over his investment in a Holiday Inn Express and Suites in Squamish
.... More »
Can I withdraw from RRSPs to pay bills? + MORE Apr 13th
What are the cons to withdrawing RRSP savings of $25,000 to pay off some unexpected bills I have incurred?—Anonymous
Withdrawing RRSPs when you’re not retired
Ahh, the unexpected bills.
Anonymous, I’ll give you my initial thoughts first, and then I’ll review the cons of withdrawing .... More »
Oilsands, mining companies watch B.C. solar project with intrigue Jun 27th
Mining companies investing in renewable energy may seem far fetched, but those in the industry say the sector is looking for opportunities that make financial sense..... More »
4.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online.
Investors look to slew of economic data, earnings from corporate Canada
– canadianbusiness.com
TORONTO – Investors will focus on economic data this coming week as the third quarter earnings season starts to wind down in the U.S., and key data, including employment updates, come in from both sides of the border.
There will also be plenty of marquee earnings reports from major Canadian corporations this week, including updates from big insurance companies including Manulife Financial (TSX:MFC), GreatWest Lifeco (TSX:GWO) and Sun Life Financial (TSX:SLF).
Stocks in many of the insurers are well off their 52-lows and close to their best levels in a year as easing by the U.S. central bank has helped boost stock markets and increased bond yields.
Other big corporate names reporting this week include retailer Canadian Tire (TSX:CTA.B), coffee chain Tim Horton’s (TSX:THI) and Canadian Natural Resources (TSX:CNQ).
Last week, the TSX ended down 0.46 per cent as gold stocks fell further into negative territory and bullion prices continued to lose ground. Despite the dip, the market had its best month so far this year during October, running ahead 4…
There will also be plenty of marquee earnings reports from major Canadian corporations this week, including updates from big insurance companies including Manulife Financial (TSX:MFC), GreatWest Lifeco (TSX:GWO) and Sun Life Financial (TSX:SLF).
Stocks in many of the insurers are well off their 52-lows and close to their best levels in a year as easing by the U.S. central bank has helped boost stock markets and increased bond yields.
Other big corporate names reporting this week include retailer Canadian Tire (TSX:CTA.B), coffee chain Tim Horton’s (TSX:THI) and Canadian Natural Resources (TSX:CNQ).
Last week, the TSX ended down 0.46 per cent as gold stocks fell further into negative territory and bullion prices continued to lose ground. Despite the dip, the market had its best month so far this year during October, running ahead 4…
Is The Obama Government Going Too Far Tax-Wise?
– IntelligentSpeculator.net
Last week, I wrote about the fact that the Obama decision to not renew dividend tax cuts would end up making a major difference in the long term as companies are forced to shift away part of what they would have paid out in dividends. I was not trying to be political, I do understand that the US government has major budget issues and that cutting expenses alone is not enough. I am a 100% believer in a balanced approach where expenses go down but revenues go up.
That being said, I think there are fair ways to go around doing this and then there is what’s being done. Dividends are a no-brainer for many different reasons but to be the main one is the double taxation that is incurred. Reducing the dividend tax rate to 15% was a great move and I personally would have expected these rates to go down before they went up. Clearly, it is not headed towards that direction….
But That’s Not The End Of It
As if dividend tax increases were not enough, there are more coming. Again, I agree that revenues must increase…
That being said, I think there are fair ways to go around doing this and then there is what’s being done. Dividends are a no-brainer for many different reasons but to be the main one is the double taxation that is incurred. Reducing the dividend tax rate to 15% was a great move and I personally would have expected these rates to go down before they went up. Clearly, it is not headed towards that direction….
But That’s Not The End Of It
As if dividend tax increases were not enough, there are more coming. Again, I agree that revenues must increase…
5.5 year – 3.00%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online.
