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How to protect personal assets if your business fails May 6th
Q. We are closing our business due to the recent pandemic events. We had been looking at selling it anyway due to a struggling economy, challenging franchise, and so on.
We are personally liable to the bank for our build-out loan, as well as to the landlord. Basically, we would love to avoid losing .... More »
TD, RBC second-quarter profit bump helped by rising rates, macro environment May 24th
Two of Canada's biggest banks reported second-quarter earnings Thursday that benefited from bigger profit margins on the back of rising interest rates, though the bump could be less pronounced in coming quarters as pressure mounts for banks to raise the interest rates they pay on dep.... More »
AIG sells its stake in United Guaranty + MORE Aug 16th
NEW YORK, N.Y. – AIG on Monday said it is selling its stake in United Guaranty to Arch Capital Group in a cash-and-stock deal worth $3.4 billion.
The move is part of New York-based American International Group Inc.’s ongoing effort to streamline its organization.
United Guaranty Corp. is.... More »
Vancouver's real estate tax sparks backlash from Chinese buyers - The Globe and Mail + MORE Aug 15th
The Globe and MailVancouver's real estate tax sparks backlash from Chinese buyersThe Globe and MailThree years ago, Jack Li signed to buy a modest one-bedroom condo in Richmond for about $200,000, a chance to gain a relatively cheap foothold in British Columbia's Lower Mainland. Then he wa.... More »
5 ways you know you’re ready to start investing + MORE Jan 29th
You’ll know you’re ready to invest when you’ve got a solid financial foundation and you understand the options you’re considering, writes Gail Vaz-Oxlade..... More »
How We Spent Our Tax Refund This Year
– myownadvisor.ca
Some time ago on this site I offered up a question for readers to consider: What would you do with $1,000?
In that article I shared what I’d do with that tidy sum if it found me.
Recently we got our tax refund back, a couple grand, so more than the “found money” I am referring to above. A tax refund is a mixed blessing really. On the good side, we were given money back. On the downside, a tax refund means we just gave our government an interest-free loan over the last year. On that note, I think getting a huge tax refund is undesirable and many Canadians should not welcome this although I know many people do. This year, I put more money into my RRSP and got a larger tax refund back because of it (compared to previous years). I suppose this created a good problem but I actually prefer to optimize my RRSP instead. I hope to do a better job of managing my RRSP contributions this year…
In a more recent post I offered some suggestions to spend your tax refund wisely…
In that article I shared what I’d do with that tidy sum if it found me.
Recently we got our tax refund back, a couple grand, so more than the “found money” I am referring to above. A tax refund is a mixed blessing really. On the good side, we were given money back. On the downside, a tax refund means we just gave our government an interest-free loan over the last year. On that note, I think getting a huge tax refund is undesirable and many Canadians should not welcome this although I know many people do. This year, I put more money into my RRSP and got a larger tax refund back because of it (compared to previous years). I suppose this created a good problem but I actually prefer to optimize my RRSP instead. I hope to do a better job of managing my RRSP contributions this year…
In a more recent post I offered some suggestions to spend your tax refund wisely…
5.5 year – 2.80%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-03-11. Click on the link above to get more details or apply online.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Arkansas-based Simmons First to buy Missouri-based Liberty Bank in all-stock deal
– canadianbusiness.com
PINE BLUFF, Ark. – Simmons First National Corporation says it is buying Liberty Bancshares in an all-stock transaction valued at more than $206 million.
The deal is expected to close in the fourth quarter and is subject to approval by shareholders.
Through the end of March, Springfield, Missouri-based Liberty had assets of $1.1 billion, loans of $811 million and deposits of $885 million.
Simmons First Chairman and CEO George A. Makris says Liberty’s expertise in small-business lending will enhance commercial offerings.
Liberty Chairman and CEO Gary Metzger called the merger a “win, win, win situation.”
Simmons is based in Pine Bluff, Arkansas.
The post Arkansas-based Simmons First to buy Missouri-based Liberty Bank in all-stock deal appeared first on Canadian Business.
The deal is expected to close in the fourth quarter and is subject to approval by shareholders.
Through the end of March, Springfield, Missouri-based Liberty had assets of $1.1 billion, loans of $811 million and deposits of $885 million.
Simmons First Chairman and CEO George A. Makris says Liberty’s expertise in small-business lending will enhance commercial offerings.
Liberty Chairman and CEO Gary Metzger called the merger a “win, win, win situation.”
Simmons is based in Pine Bluff, Arkansas.
The post Arkansas-based Simmons First to buy Missouri-based Liberty Bank in all-stock deal appeared first on Canadian Business.
