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Judge orders release of documents in Trump University suit May 29th
WASHINGTON – A federal judge is ordering the release of Trump University internal documents in a class-action lawsuit against the now-defunct real estate school owned by presumptive Republican presidential nominee Donald Trump.
The order by U.S. District Judge Gonzalo Curiel in San Diego, whic.... More »
Does TINA still apply for the stock market? Are GICs and bonds a new option for Canadian investors? + MORE Nov 1st
Like many investors, I’ve seen the media and RBC report that some $10 billion moved out of chequing, savings and mutual funds into guaranteed investment certificates (GICs) in the third fiscal quarter. I’m also well aware of the increases in bond yields. Even so, unlike some of my advisor peers,.... More »
AP Top Financial News at 12:22 a.m. EDT + MORE Jun 6th
Economists increasingly uncertain about US growth this year
Venezuelan oil company gives Paraguay deadline to repay debt
Portrait of US economy looks cloudier after poor jobs report
US hiring grinds to a near-halt; many stop looking for work
Referendum offered money for nothing, and the Swiss say &#.... More »
Business Highlights + MORE Sep 21st
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Volkswagen rocked by US emissions scandal as stock slides 17 per cent
BERLIN (AP) — Volkswagen, the world’s top-selling automaker, lost a stunning 17.1 per cent of its value Monday after admitting that it intentionally rigged nearly half a million cars to defeat U.S. smog tests.
The Obam.... More »
Share your big fat investing mistakes + MORE Nov 8th
Learn, save, invest and prosper with My Own Advisor.
I’ve written this before on my site but it’s worth repeating: you usually don’t succeed in life without falling down flat on your face a few times. I recall Winston Churchill coined this phrase:
“Success consists of going from failure .... More »
90 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
Target to sponsor 2 Ganassi entries in 2015 as retailer looks to spend more on marketing
– canadianbusiness.com
CHARLOTTE, N.C. – Three-time IndyCar champion Scott Dixon will return for a 14th season with Target Chip Ganassi Racing, though he will be one of only two drivers piloting the red and white bulls-eye cars next year.
Target will go from two sponsored IndyCar entries to just one in 2015 as the retailer shifts spending to promoting its drivers. Target also sponsors Kyle Larson, who just wrapped up NASCAR’s top rookie honours in the Sprint Cup Series.
“We are just reallocating dollars, there’s no difference in anything else,” said Dan Griffis, vice-president of experiential marketing and alliances at Target. “I would put our investment in racing as the only full-time sponsor in both IndyCar and NASCAR, against any other sponsor in the sport.”
Ganassi and Target celebrated their 25th anniversary this year. The partnership began in open wheel, eventually grew to the sponsorship of two IndyCar entries, and expanded into both NASCAR as a primary sponsor and sports cars as an associate sponsor…
Target will go from two sponsored IndyCar entries to just one in 2015 as the retailer shifts spending to promoting its drivers. Target also sponsors Kyle Larson, who just wrapped up NASCAR’s top rookie honours in the Sprint Cup Series.
“We are just reallocating dollars, there’s no difference in anything else,” said Dan Griffis, vice-president of experiential marketing and alliances at Target. “I would put our investment in racing as the only full-time sponsor in both IndyCar and NASCAR, against any other sponsor in the sport.”
Ganassi and Target celebrated their 25th anniversary this year. The partnership began in open wheel, eventually grew to the sponsorship of two IndyCar entries, and expanded into both NASCAR as a primary sponsor and sports cars as an associate sponsor…
How to drawdown your retirement portfolio
– moneysense.ca
(VisualField/Getty Images)Q: I have reached retirement. During my work career, I saved in an RRSP, TFSA and a holding company. I have read your magazine for many years and thought you may be able to provide me with a list of people that can advise me on tax efficient methods to draw from my holding company and other vehicles. My accountant is using dividend payments from the holding company and I would like to have advice on if this is the only method and/or the recommended method. I am age 66 at this time.—Bob
A: Many retirees have different accounts that they can use to fund their retirement. Your situation is a little more complex since you have a corporation, Bob. But I’d also argue that the corporation provides you with more flexibility.
You can certainly pay dividends from your holding company to fund your retirement, but the key is how much should come from the corporation relative to other sources? And beyond that, which investments should you hold in which accounts?
Business income earned and subsequently retained in a corporation, like your holding company, is somewhat tax-deferred…
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
TORONTO – Tim Hortons Inc. (TSX:THI) is ready to pursue its global expansion, chief executive Marc Caira said Tuesday as shareholders voted to approve a takeover of the company by Burger King.
“I believe we are well positioned, following this transaction, to take Tim Hortons’ brand experience around the world,” Caira said at the company’s special meeting of shareholders.
“Tim Hortons deserves to go around the world. We must share this Tim Hortons experience with the rest of the world.”
Related reading:
Glazed and confused: Why the Tim Hortons-Burger King merger is a dangerous move
“I believe we are well positioned, following this transaction, to take Tim Hortons’ brand experience around the world,” Caira said at the company’s special meeting of shareholders.
“Tim Hortons deserves to go around the world. We must share this Tim Hortons experience with the rest of the world.”
Related reading:
Glazed and confused: Why the Tim Hortons-Burger King merger is a dangerous move
As part of the deal, the company has agreed to maintain current employment levels at Tim Hortons franchises across Canada and to speed up its expansion globally and in the U.S.
The shareholder vote followed approval of the deal by Ottawa after a review under the Investment Canada Act last week and by the Competition Bureau in October.
Burger King said the deal, worth more than $12 billion in stock and cash, is expected to close on Dec…
