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Latest News
Six little known facts about RRSPs that could save you money + MORE Feb 16th
Hold your mortgage inside your RRSP and pay yourself interest, and other handy tips
.... More »
Stock news for investors: Goeasy shares plunge nearly 60% after lender suspends dividend Mar 13th
Here’s a round-up of news for Canadian investors this week.
Goeasy
Algoma Steel
Transat
RBC
MDA Space
Empire
Featured RRSP Accounts
featured
EQ Bank
Build your retirem.... More »
Avoiding Canadian tax on U.S. property + MORE Dec 8th
Q: I am separating (than divorcing) from my husband and we are splitting the houses we own—one in Canada and one in Phoenix. Can I use the Phoenix home as my principal residence? I have owned it since 2008. He will get the Canadian house in the divorce.
— Sonja
A: Hi Sonja, I am sorry that y.... More »
Investors say 'fake' experts on local radio shows conned them out of millions Feb 17th
Dozens of Ontario investors say they were conned out of millions of dollars after fraudsters using fake names were featured as investment "experts" on their favourite radio stations — on shows listeners say sounded like news but were actually infomercials..... More »
Premarket: U.S. dollar rises as global stock markets hold steady + MORE May 27th
Imminent U.S. rate rises still on investors’ minds; European shares retreat but stay close to 1-month high
.... More »
Wealthing Like Rabbits Book Review and Takeaways
– myownadvisor.ca
Who knew a personal finance book would include references to rabbits, zombies, the losing record of the Toronto Maple Leafs and Super Mario Brothers? This is exactly what Wealthing Like Rabbits contains, an original new introductory personal finance book written by Robert Brown. Comparing the “mind-bogglingly cool” and “mind-numbing” power of compound interest to the multiplying power of rabbits (and zombies), Robert reminds us that saving early, saving often and letting your investments do the work is one of many keys to wealthing your way to financial freedom. Here are some of my favourite takeaways from Wealthing Like Rabbits.
On the subject of “how much money will you need when you retire”
That’s a pretty good question. Here’s my enlightened answer: I honestly don’t know. I do know this though: More is better. It is better to tee off with your driver in January than it is to scrape ice off your driveway in January.
On the subject of contributing to RRSPs over TFSAs
Some folks suggest that a TFSA is the better option for lower income earners…
On the subject of “how much money will you need when you retire”
That’s a pretty good question. Here’s my enlightened answer: I honestly don’t know. I do know this though: More is better. It is better to tee off with your driver in January than it is to scrape ice off your driveway in January.
On the subject of contributing to RRSPs over TFSAs
Some folks suggest that a TFSA is the better option for lower income earners…
Conference Board report says age, not gender, the new income divide in Canada
– canadianbusiness.com
OTTAWA – Age, not gender, is increasingly at the heart of income inequality in Canada, says a new study that warns economic growth and social stability will be at risk if companies don’t start paying better wages.
The Conference Board of Canada findings suggest younger workers in Canada are making less money relative to their elders regardless of whether they’re male or female, individuals or couples, and both before and after tax.
The average disposable income of Canadians between the ages of 50 and 54 is now 64 per cent higher than that of 25- to 29-year-olds, the report found. That’s up from 47 per cent in the mid-1980s.
Conference Board vice-president David Stewart-Patterson, one of the study’s co-authors, said the economic think-tank was motivated to undertake the study due to a wealth of “anecdotal evidence” that suggests Canadian youth are falling behind economically.
“We all know the stories — all our kids getting really good educations but too many of them are still stuck living in their parents’ basements, still in low-end service jobs that don’t really take advantage of all the education that we’ve paid for,” Stewart-Patterson said in an interview…
The Conference Board of Canada findings suggest younger workers in Canada are making less money relative to their elders regardless of whether they’re male or female, individuals or couples, and both before and after tax.
The average disposable income of Canadians between the ages of 50 and 54 is now 64 per cent higher than that of 25- to 29-year-olds, the report found. That’s up from 47 per cent in the mid-1980s.
Conference Board vice-president David Stewart-Patterson, one of the study’s co-authors, said the economic think-tank was motivated to undertake the study due to a wealth of “anecdotal evidence” that suggests Canadian youth are falling behind economically.
“We all know the stories — all our kids getting really good educations but too many of them are still stuck living in their parents’ basements, still in low-end service jobs that don’t really take advantage of all the education that we’ve paid for,” Stewart-Patterson said in an interview…
Enbridge to transfer $1.76-billion in pipeline assets to affiliate
– canadianbusiness.com
CALGARY – Enbridge Inc. announced a deal Monday to transfer $1.76 billion in pipeline assets to one of its affiliates.
The deal with Enbridge Income Fund includes its 50 per cent interest in the U.S. segment of the Alliance pipeline, which carries gas from northeastern British Columbia and northwestern Alberta to the Chicago area, as well as the Southern Lights diluent pipeline, which transports the oilsands-thinning agent from the Chicago area to Edmonton.
Enbridge chief financial officer Richard Bird said this latest “drop down” deal will provide a “significant source of low-cost funding for our record growth capital program.”
After the transfer, Enbridge’s overall economic interest in the income fund will be 66.4 per cent, through direct and indirect investments.
“We believe that the acquisition of the U.S. segment of the Alliance pipeline and the cash flows from the Southern Lights pipeline will be a great fit for the fund and is expected to deliver numerous benefits,” said fund president Perry Schuldhaus…
The deal with Enbridge Income Fund includes its 50 per cent interest in the U.S. segment of the Alliance pipeline, which carries gas from northeastern British Columbia and northwestern Alberta to the Chicago area, as well as the Southern Lights diluent pipeline, which transports the oilsands-thinning agent from the Chicago area to Edmonton.
Enbridge chief financial officer Richard Bird said this latest “drop down” deal will provide a “significant source of low-cost funding for our record growth capital program.”
After the transfer, Enbridge’s overall economic interest in the income fund will be 66.4 per cent, through direct and indirect investments.
“We believe that the acquisition of the U.S. segment of the Alliance pipeline and the cash flows from the Southern Lights pipeline will be a great fit for the fund and is expected to deliver numerous benefits,” said fund president Perry Schuldhaus…
Castanet.netToronto Stock Exchange (15129.00, down 136.35 points):Castanet.netRB Energy Inc. (TSX:RBI). Miner. Down 3.5 cents, or 17.07 per cent, to 17 cents on 6.1 million shares. Niko Resources Ltd. (TSX:NKO). Oil and gas. Down 37 cents, or 32.17 per cent, to 78 cents on 5.6 million shares. Semafo Inc. (TSX:SMF). Miner. Down 3.5 …and more »
Business Highlights
– canadianbusiness.com
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Businesses and investors pressing for green policy
NEW YORK (AP) — Hundreds of corporations, insurance companies and pension funds are calling on world leaders gathering for a U.N. summit on climate change this week to attack the problem by making it more costly for businesses and ordinary people to pollute.
The idea, long advocated by policymakers, economists and environmental activists, is that the world can’t hope to slow the heating of the planet until its cost is incorporated into the everyday activities that contribute to it, such as using gas- or coal-generated electricity, driving a car, shipping a package or flying around the globe.
Business leaders representing trillions of dollars in revenue and retirement savings say they worry that global warming threatens the long-term value of their investments, and they want world leaders to adopt policies that would provide a financial incentive to people to clean up their act.
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Affluence eludes poor crowding into Asian cities
JAKARTA, Indonesia (AP) — Down a concrete path, between rail tracks that buzz with each approaching train and a river choked by plastic and raw sewage, Asih Binti Arif cradles her baby and reflects on dreams gone dark…
Businesses and investors pressing for green policy
NEW YORK (AP) — Hundreds of corporations, insurance companies and pension funds are calling on world leaders gathering for a U.N. summit on climate change this week to attack the problem by making it more costly for businesses and ordinary people to pollute.
The idea, long advocated by policymakers, economists and environmental activists, is that the world can’t hope to slow the heating of the planet until its cost is incorporated into the everyday activities that contribute to it, such as using gas- or coal-generated electricity, driving a car, shipping a package or flying around the globe.
Business leaders representing trillions of dollars in revenue and retirement savings say they worry that global warming threatens the long-term value of their investments, and they want world leaders to adopt policies that would provide a financial incentive to people to clean up their act.
___
Affluence eludes poor crowding into Asian cities
JAKARTA, Indonesia (AP) — Down a concrete path, between rail tracks that buzz with each approaching train and a river choked by plastic and raw sewage, Asih Binti Arif cradles her baby and reflects on dreams gone dark…
