How to go about securing the best return for your investment in Canada.
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Karen Schuett Struck Entrepreneurial Gold in the Most Unlikely of Places + MORE Feb 27th
The journey from idea to IPO is a difficult one. In this five-part series, we look at how founders scaled their startups and reached new milestones.
It started with pigs. Or, more accurately, the “manure lagoon” they created on an Alberta hog farm. In search of help for this football field–.... More »
Health of defined benefit pension plans hurt by falling interest rates + MORE Mar 31st
TORONTO – Aon Hewitt says the health of Canadian defined benefit pension plans has continued to decline this year due to falling long-term interest rates that have driven up plan liabilities.
The consulting firm says the median solvency funded ratio of 449 plans included in its survey was 89 p.... More »
Philips: Sales and profits up in 3rd quarter, delay in sale of LED lighting division stake + MORE Oct 26th
AMSTERDAM – Lighting and healthcare giant Royal Philips NV said Monday its third-quarter net profit soared to 324 million euros ($357 million) from a loss of 103 million euros in the same quarter last year, when it took a 366 million-euro charge after losing a patent lawsuit.
Sales rose to 5.8.... More »
Students seeking sugar daddies for tuition, rent May 29th
Candice Kashani graduated from law school debt-free this spring, thanks to a modern twist on an age-old arrangement.
During her first year, she faced tuition and expenses that ran nearly $50,000, even after a scholarship. So she decided to check out a dating website that connected women looking for .... More »
Shaw sees profit surge 44% on sale of spectrum to Rogers + MORE Oct 22nd
Shaw Communications Inc. ended its 2015 financial year with a bump in net income from its sale of wireless spectrum to rival Rogers Communications..... More »
Name Changes Needed to Canadian Financial Accounts
– myownadvisor.ca
As part of financial literacy month, for today’s post, I thought I’d propose a few changes I feel are necessary to some Canadian financial accounts. Let me know what you think about my proposals in a comment below or a Tweet.
Registered Retirement Savings Plan (RRSP) changes to Tax Deferred Retirement Account (TDRA)
When you put money into an RRSP, you get a receipt proving how much that contribution is. So, with that contribution you can reduce your taxable income. This makes this account almost the perfect retirement choice to save money and grow money tax-deferred until you take the money out. Remember though, you do have to pay taxes on money withdrawn from this account. While you can borrow money from this account to help with a home purchase or some education, there are payback requirements for those choices. I like to think of this account as a Tax Deferred Retirement Account (TDRA).
Registered Education Savings Plan (RESP) changes to Tax Free Education Account (TFEA)
This account was designed as a savings plan for your child’s post-secondary education and while most RESPs are opened for children, you can open an RESP for yourself…
Registered Retirement Savings Plan (RRSP) changes to Tax Deferred Retirement Account (TDRA)
When you put money into an RRSP, you get a receipt proving how much that contribution is. So, with that contribution you can reduce your taxable income. This makes this account almost the perfect retirement choice to save money and grow money tax-deferred until you take the money out. Remember though, you do have to pay taxes on money withdrawn from this account. While you can borrow money from this account to help with a home purchase or some education, there are payback requirements for those choices. I like to think of this account as a Tax Deferred Retirement Account (TDRA).
Registered Education Savings Plan (RESP) changes to Tax Free Education Account (TFEA)
This account was designed as a savings plan for your child’s post-secondary education and while most RESPs are opened for children, you can open an RESP for yourself…
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.
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.
World according to Bank of Cda head Poloz: cloudy with chance of spaghetti sauce
– canadianbusiness.com
OTTAWA – Not every central banker compares the economy to a simmering pot of spaghetti sauce. And when Stephen Poloz used the analogy at a luncheon in June, it left many puzzled.
Five months later, there’s a growing comfort with the new governor of the Bank of Canada — and with his colourful, occasionally weird use of metaphors, sometimes drawing on his favourite TV series, Star Trek.
Poloz, 58, brings a common touch to the most august financial institution of the country, speaking in language more easily understood by non-economists and more couched, less declaratory than that of his superstar predecessor, Mark Carney.
A language, many analysts say, appropriate to an age marked by uncertainty and risk.
It’s still early in Poloz’s seven-year mandate, but bank watchers have noticed the shift in tone.
Carney tried to shame business executives to take a leap of faith and spend their “dead money.” Poloz — who had dealt with CEOs one-on-one for 15 years as head of Export Development Canada — sympathizes with their reluctance…
Five months later, there’s a growing comfort with the new governor of the Bank of Canada — and with his colourful, occasionally weird use of metaphors, sometimes drawing on his favourite TV series, Star Trek.
Poloz, 58, brings a common touch to the most august financial institution of the country, speaking in language more easily understood by non-economists and more couched, less declaratory than that of his superstar predecessor, Mark Carney.
A language, many analysts say, appropriate to an age marked by uncertainty and risk.
It’s still early in Poloz’s seven-year mandate, but bank watchers have noticed the shift in tone.
Carney tried to shame business executives to take a leap of faith and spend their “dead money.” Poloz — who had dealt with CEOs one-on-one for 15 years as head of Export Development Canada — sympathizes with their reluctance…
Steady financial performance fuels gains in life insurance stocks
– theglobeandmail.com
The current investment climate – modestly higher government bond yields and rising equity markets – is allowing the insurers to build their businesses at home and abroad
