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2023 tax credits, due dates and when you can file: Your 2023 income tax return guide Mar 18th
You’ll want to bookmark the MoneySense guide for 2023 personal income taxes. We will be updating it frequently, as information becomes available and deadlines approach. Plus, we get answers from the experts you won’t find anywhere else, thanks to our Ask MoneySense and Ask A Planner columns.&nbs.... More »
Trump ready to complete improbable rise at GOP convention + MORE Jul 17th
People gather onstage as preparations take place inside Quicken Loans Arena for the Republican National Convention in Cleveland, Ohio, Saturday, July 16, 2016. A year ago, few imagined Donald Trump as a headliner at the Republican National Convention, let alone as its star. (AP Photo/Patrick Semansk.... More »
New rules for investment fees provide clarity, but won't fix all complaints Jan 1st
New disclosure rules coming into effect on Jan. 1, 2017 could go a long way toward fixing one of the biggest complaints of Canadian investors — secret hidden fees that eat away at returns over time..... More »
Financing Basics for First Time Rental Property Owners Nov 5th
Investing in real estate can be a profitable venture for many investors, assuming the capital can be raised to purchase a rental property. If you think real estate investing is the right choice for you, but financing your property is preventing you from jumping in, here are a few options to help you.... More »
What happens if you don’t file your taxes (and how to fix it) Mar 27th
Every year, many Canadians tell themselves they’ll file their taxes “soon.” But life can get busy, paperwork piles up, and before they know it, one missed deadline turns into several.
For one woman, “soon” turned into 14 years. She had worked at the same job for over 20 years, wit.... More »
At midday: TSX boosted by mining, energy stocks – The Globe and Mail
– news.google.ca
CTV NewsAt midday: TSX boosted by mining, energy stocksThe Globe and MailThe Toronto stock market was positive Monday as traders hoped a strong report from the American financial sector indicated another upbeat earnings season from North American corporations. The S&P/TSX composite index rose 51.82 points to 15,177.32.TSX climbs with bank shares; gold miners slideReuters CanadaTSX positive, traders eye earnings reports, testimony from Fed chair YellenTimes ColonistPositive open in TorontoBaystreet.caReuters Africa -Stockhouseall 26 news articles »
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
Canadian homes 20% overvalued, more tightening may be necessary, says Fitch
– canadianbusiness.com
OTTAWA – Fitch Ratings says Canada’s real estate market is as much as 20 per cent overpriced and cautions the government may need to take more measures to slow down borrowing on homes.
Fitch is the second U.S. financial agency to sound the alarm on Canadian home prices in the past week, with the Morningstar research firm predicting a 30 per cent correction was possible over the next few years.
The latest warning comes as the Teranet–National Bank composite house price index for June showed prices rose 0.9 per cent from May and were up 4.4 per cent from last year.
The year-to-year gain was the lowest in six months, but still more than twice the underlying level of inflation in Canada and above income growth.
Prices were 8.1 per cent higher Calgary compared with a year ago, while Hamilton saw increases of 7.3 per cent and Toronto and Vancouver climbed 6.1 per cent.
But several major markets showed a cooling trend. Prices in Ottawa-Gatineau fell 1.7 per cent compared with a year ago, Quebec City dropped 2…
Fitch is the second U.S. financial agency to sound the alarm on Canadian home prices in the past week, with the Morningstar research firm predicting a 30 per cent correction was possible over the next few years.
The latest warning comes as the Teranet–National Bank composite house price index for June showed prices rose 0.9 per cent from May and were up 4.4 per cent from last year.
The year-to-year gain was the lowest in six months, but still more than twice the underlying level of inflation in Canada and above income growth.
Prices were 8.1 per cent higher Calgary compared with a year ago, while Hamilton saw increases of 7.3 per cent and Toronto and Vancouver climbed 6.1 per cent.
But several major markets showed a cooling trend. Prices in Ottawa-Gatineau fell 1.7 per cent compared with a year ago, Quebec City dropped 2…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Citigroup second-quarter drops to $181 million after mortgage settlement
– canadianbusiness.com
Citigroup said Monday that its net income dropped in the second quarter after it took a $3.8 billion charge to settle claims over its risky subprime mortgage business.
The charge pushed down its net income to $181 million from $4.18 billion a year earlier.
On a per-share basis, net income was 3 cents, compared with $1.34 in the second-quarter a year earlier.
Excluding the charges and an accounting loss, the bank’s second-quarter profit rose 1 per cent to $3.93 billion, or $1.24 a share. That beat the $1.06 a share predicted by analysts polled by FactSet.
Revenue was $19.4 billion, excluding the accounting loss, compared with $20 billion a year earlier.
The bank’s stock rose $1.71, or 3.6 per cent, to $48.72 or midday trading Monday.
The post Citigroup second-quarter drops to $181 million after mortgage settlement appeared first on Canadian Business.
The charge pushed down its net income to $181 million from $4.18 billion a year earlier.
On a per-share basis, net income was 3 cents, compared with $1.34 in the second-quarter a year earlier.
Excluding the charges and an accounting loss, the bank’s second-quarter profit rose 1 per cent to $3.93 billion, or $1.24 a share. That beat the $1.06 a share predicted by analysts polled by FactSet.
Revenue was $19.4 billion, excluding the accounting loss, compared with $20 billion a year earlier.
The bank’s stock rose $1.71, or 3.6 per cent, to $48.72 or midday trading Monday.
The post Citigroup second-quarter drops to $181 million after mortgage settlement appeared first on Canadian Business.
