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Federal government targets sport participation with $660 million pledge to sport organizations - CBC + MORE Apr 28th
Federal government targets sport participation with $660 million pledge to sport organizations CBCOpinion | ‘It is a great day’: Liberals earmark over $755 million to reshape Canadian sports system in economic update Toronto StarAfter weakest Winter Olympic medal count in y.... More »
Finance leaders pledge effort to boost global growth Apr 17th
WASHINGTON – Global finance officials are vowing to try to reinvigorate a lacklustre global economy and urging governments to embrace free trade and do more to fight tax evasion.
Concluding biannual meetings by the world finance leaders, the 189-nation International Monetary Fund said in a sta.... More »
Canadian hiking path hinges on business investment: Macklem - BNN Feb 9th
Canadian hiking path hinges on business investment: Macklem BNNThe role of Canadian business in fostering non-inflationary growth Bank of CanadaBank of Canada: Economy needs more capacity investment, not stimulus ReutersProductivity boost needed from businesses: Mack.... More »
WHO urges investment drive as malaria fight stalls - cgtn.com Aug 23rd
WHO urges investment drive as malaria fight stalls cgtn.comWHO says eradicating malaria 'can be done,' but first aim is to control it Vancouver Sun'Malaria will not be eradicated in near future', warns WHO The GuardianFight against Malaria stalling after decade long .... More »
Visa agrees to buy financial technology startup Plaid for US$5.3 billion - Global News + MORE Jan 14th
Visa agrees to buy financial technology startup Plaid for US$5.3 billion Global NewsVisa is acquiring Plaid for $5.3 billion, 2x its final private valuation TechCrunchVisa to Buy Plaid for $5.3 Billion in Bid to Reach Startups Yahoo Canada FinanceVisa acquires fintec.... More »
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.
Thousands of taxpayers continue to run afoul of TFSA withdrawal rule
– canadianbusiness.com
OTTAWA – A tricky rule keeps tripping up thousands of Canadians who make withdrawals from their tax-free savings accounts, and replace the money too early.
Some 54,700 taxpayers got warning packages from the Canada Revenue Agency earlier this year about the problem affecting the 2013 taxation year, and were told they face a penalty.
The number has been dropping steadily from a peak of 103,000 in 2010, but still represents a persistent misunderstanding of TFSA rules even as the agency and financial institutions step up education measures.
The regulations say that account holders can put back the amounts they withdraw from a TFSA only in a later calendar year. Doing so in the same calendar year exposes them to a tax hit for overcontributions, even though they’re only replacing the withdrawn funds.
By the end of 2013, some 10.7 million Canadians had opened a TFSA, a savings vehicle introduced by the Conservative government in 2009 that allows money to grow inside tax-free with no income-tax hit on withdrawal…
Some 54,700 taxpayers got warning packages from the Canada Revenue Agency earlier this year about the problem affecting the 2013 taxation year, and were told they face a penalty.
The number has been dropping steadily from a peak of 103,000 in 2010, but still represents a persistent misunderstanding of TFSA rules even as the agency and financial institutions step up education measures.
The regulations say that account holders can put back the amounts they withdraw from a TFSA only in a later calendar year. Doing so in the same calendar year exposes them to a tax hit for overcontributions, even though they’re only replacing the withdrawn funds.
By the end of 2013, some 10.7 million Canadians had opened a TFSA, a savings vehicle introduced by the Conservative government in 2009 that allows money to grow inside tax-free with no income-tax hit on withdrawal…
Kinder Morgan to consolidate assets in $70-billion deal
– theglobeandmail.com
Kinder Morgan is bringing all of its publicly traded units under one roof in a $70 billion (41.7 billion pounds) deal that reshapes the financial structure of the oil and gas pipeline company
120 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.
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.
