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This health-care dividend giant has crushed the S&P 500 + MORE Jul 27th
Thanks to its growing pharmaceuticals division, the company is posting solid results and is poised to continue raising its dividend
.... More »
Having a will is essential (and easier than you think) + MORE Jun 18th
Writing a will is one of those things that tends to sit on your to-do list indefinitely, right up there with organizing old paperwork or finally cleaning out the basement. You know it matters and that you’ll get to it eventually, but it never seems to make it to the top of the priority list.
.... More »
Scotiabank kicks off earnings season with modest 1.6% profit growth - Financial Post Nov 26th
Scotiabank kicks off earnings season with modest 1.6% profit growth Financial PostScotiabank's wealth management drive pays off with earnings lift BNNBloomberg.caScotiabank reports $2.31B fourth-quarter profit, up from $2.27B a year ago Yahoo Canada FinanceScotiabank.... More »
TSX sinks as oil hits 18-month low + MORE Oct 10th
North American stock markets sold off sharply Thursday following an upsurge a day earlier, as the reality of a bleak view on the U.S. economy from America's central bank sank in..... More »
Want to Supersize Your Business? Buy Another Aug 3rd
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.
Robert Hyde realized he needed a new strategy.
“We can create new products, but it takes a lot of energy and effort to build and launch a produ.... More »
United Technologies’ Sikorsky unit reaches deal to deliver 28 helicopters to Canada
– canadianbusiness.com
HARTFORD, Conn. – United Technologies says its Sikorsky Aircraft division has signed a deal with Canada for the delivery of 28 maritime helicopters, ending a long and costly dispute.
The delivery of the helicopters was originally scheduled to begin in 2012. But Sikorsky and Canadian officials clashed over production, support and other issues.
Hartford-based United Technologies Corp. says Sikorsky will book sales of about $850 million and a charge of $440 million in the second quarter related to the deal. The charge will be offset by one-time gains over the course of the year so its full-year earnings outlook remains unchanged.
Canada says the deal will allow it begin retiring its fleet of Sea King helicopters in 2015.
The post United Technologies’ Sikorsky unit reaches deal to deliver 28 helicopters to Canada appeared first on Canadian Business.
The delivery of the helicopters was originally scheduled to begin in 2012. But Sikorsky and Canadian officials clashed over production, support and other issues.
Hartford-based United Technologies Corp. says Sikorsky will book sales of about $850 million and a charge of $440 million in the second quarter related to the deal. The charge will be offset by one-time gains over the course of the year so its full-year earnings outlook remains unchanged.
Canada says the deal will allow it begin retiring its fleet of Sea King helicopters in 2015.
The post United Technologies’ Sikorsky unit reaches deal to deliver 28 helicopters to Canada appeared first on Canadian Business.
New PBO report to show Ontario being shortchanged $1.2 billion in equalization
– canadianbusiness.com
OTTAWA – A forthcoming new report from the parliamentary budget officer is expected to show Ottawa is shortchanging Ontario to the tune of $1.2 billion under the current system of equalization payments, The Canadian Press has learned.
The report on how the federal government provides financial support to the provinces and territories for such things as health and social programs appears to confirm what Ontario has long suspected — only more so.
The $1.2 billion figure was provided by a source familiar with the report, to be released Thursday, who provided details on condition of anonymity because the report had not yet been made public. Details of how the parliamentary budget office reached its conclusions were not immediately available.
During the election campaign that delivered Premier Kathleen Wynne a majority government last week, the provincial Liberals accused Ottawa of slashing Ontario’s latest share of equalization payments by $641 million.
The Harper government has long insisted Ontario was receiving its fair share, based on the performance of the province’s economy…
The report on how the federal government provides financial support to the provinces and territories for such things as health and social programs appears to confirm what Ontario has long suspected — only more so.
The $1.2 billion figure was provided by a source familiar with the report, to be released Thursday, who provided details on condition of anonymity because the report had not yet been made public. Details of how the parliamentary budget office reached its conclusions were not immediately available.
During the election campaign that delivered Premier Kathleen Wynne a majority government last week, the provincial Liberals accused Ottawa of slashing Ontario’s latest share of equalization payments by $641 million.
The Harper government has long insisted Ontario was receiving its fair share, based on the performance of the province’s economy…
Canada’s Same-Sex Couples Face Financial-Planning Hurdles
– blogs.wsj.com
Canada was one of the first countries in the world to legalize same-sex marriage, but those couples continue to face obstacles when it comes to financial planning.
US investors in Canada: what to watch for
– moneysense.ca
Index investors in the US have always had it easier than Canadians, thanks to lower costs and more choices. Unfortunately, if those investors move to Canada, their plight becomes much more difficult.
Unlike Canada (and virtually every other western country), the US requires its citizens to file an annual return and potentially pay taxes even if they live abroad. The rules may apply even if you were born in Canada and have never lived in the US, since it’s possible to inherit citizenship from US-born parents. For tax purposes, “US persons” don’t even need to be citizens: they can also be Canadian green card holders or snowbirds.
Tax implications for US persons living in Canada are complex and often controversial: if you’re in this situation, you should seek help from an advisor who specializes in cross-border issues. But here’s a heads-up on two issues that have recently come up in which investors had no idea they were flirting with danger.
Don’t open a TFSA or an RESP. Tax-Free Savings Accounts (TFSAs) and Registered Education Savings Plans (RESPs) offer significant tax benefits for Canadians…
Unlike Canada (and virtually every other western country), the US requires its citizens to file an annual return and potentially pay taxes even if they live abroad. The rules may apply even if you were born in Canada and have never lived in the US, since it’s possible to inherit citizenship from US-born parents. For tax purposes, “US persons” don’t even need to be citizens: they can also be Canadian green card holders or snowbirds.
Tax implications for US persons living in Canada are complex and often controversial: if you’re in this situation, you should seek help from an advisor who specializes in cross-border issues. But here’s a heads-up on two issues that have recently come up in which investors had no idea they were flirting with danger.
Don’t open a TFSA or an RESP. Tax-Free Savings Accounts (TFSAs) and Registered Education Savings Plans (RESPs) offer significant tax benefits for Canadians…
The Toronto Stock Exchange’s benchmark stock index set an all-time closing high on Wednesday, six years to the day after the old record was set on June 18, 2008.
