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Latest News
Nearly half of investors say advisers don’t help set goals, J.D. Power report + MORE Aug 19th
TORONTO – A new survey suggests that nearly half of Canadian investors aren’t receiving basic goal-setting advice from the advisers they’re paying.
The J.D. Power report found that 46 per cent of full-service Canadian investors say their adviser didn’t help them set goals bas.... More »
So you fell short of your financial goals in 2025—here’s how to do better Dec 26th
Did you fall behind on your financial goals for 2025? If so, you’re not alone. According to a survey by online estate planning platform Willful, 58% of Canadians reported postponing financial tasks they’d earmarked for the year, such as paying down debt, contributing to registered savings and in.... More »
India asks internet service providers to block WeTransfer - TheChronicleHerald.ca Jun 1st
India asks internet service providers to block WeTransfer TheChronicleHerald.caIndia blocks File transfer service WeTransfer - here's what we know TechradarWhy is WeTransfer banned in India: Know all about it India TV NewsGovernment of India bans WeTransfer file shar.... More »
Year end tax tips and financial housekeeping + MORE Dec 13th
Save, invest, prosper with My Own Advisor.
Jingle bells…jingle bells…jingle all the way…
Geez, right around the corner isn’t it?
The holiday season signals the end of something old and the beginning of something new. It’s a great time of year to spend time with family and friends, after .... More »
Best online banks and credit unions in Canada for 2024 + MORE Mar 20th
Where can you get the best digital banking experience in Canada? We set out to find out in this inaugural review of the best online banks and credit unions in Canada. To come up with the ranking, MoneySense partnered with Surviscor, a leading Canadian research and consulting firm specializing in fin.... More »
UK government cuts its stake in Lloyds by another 1 per cent, reducing its stake to 24 per cent
– canadianbusiness.com
LONDON – Britain’s government has cut its stake in Lloyds Banking Group by another 1 per cent, recouping about 500 million pounds ($768 million) for taxpayers who rescued the bank at the height of the financial crisis.
Chancellor George Osborne announced the sale Monday, updating plans for reducing the government’s stake that were announced in December. The Treasury has reduced its stake to 24 per cent from 40 per cent, raising just under 8 billion pounds. The Treasury says all of the shares were sold for more than the 73.6 pence a share paid to acquire the stake.
Osborne says the sale shows “further progress in returning Lloyds Banking Group to private ownership” and getting taxpayers’ money back.
The plan is scheduled to end no later than June 30.
The post UK government cuts its stake in Lloyds by another 1 per cent, reducing its stake to 24 per cent appeared first on Canadian Business.
Chancellor George Osborne announced the sale Monday, updating plans for reducing the government’s stake that were announced in December. The Treasury has reduced its stake to 24 per cent from 40 per cent, raising just under 8 billion pounds. The Treasury says all of the shares were sold for more than the 73.6 pence a share paid to acquire the stake.
Osborne says the sale shows “further progress in returning Lloyds Banking Group to private ownership” and getting taxpayers’ money back.
The plan is scheduled to end no later than June 30.
The post UK government cuts its stake in Lloyds by another 1 per cent, reducing its stake to 24 per cent appeared first on Canadian Business.
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.
World shares mostly gain after Greek bailout deal eases fears over possible exit from eurozone
– canadianbusiness.com
TOKYO – World stock markets extended gains Monday after Greece and its European creditors reached an agreement that staved off the immediate threat of bankruptcy and exit from the euro though hurdles remain to cementing the short-term funding deal.
KEEPING SCORE: France’s CAC 40 rose 0.5 per cent to 4,855.58 and Germany’s DAX gained 0.7 per cent to 11,122.01. Britain’s FTSE 100 was flat at 6,915.09. Wall Street looked set for a slower start after Friday’s rally to another record high. Dow and S&P 500 futures were both 0.2 per cent lower.
GREECE’S DEAL: The four month extension averted bankruptcy and capital controls and ensures banks will have enough money to stock up their ATMs. But the Greek government must present economic reform measures by Monday that are deemed acceptable by creditors and rooted in Greece’s previously enacted bailout agreement, which is something the government had promised not to do. Greece’s new government has been agitating for more generous term for its international bailout after several years of punishing austerity…
KEEPING SCORE: France’s CAC 40 rose 0.5 per cent to 4,855.58 and Germany’s DAX gained 0.7 per cent to 11,122.01. Britain’s FTSE 100 was flat at 6,915.09. Wall Street looked set for a slower start after Friday’s rally to another record high. Dow and S&P 500 futures were both 0.2 per cent lower.
GREECE’S DEAL: The four month extension averted bankruptcy and capital controls and ensures banks will have enough money to stock up their ATMs. But the Greek government must present economic reform measures by Monday that are deemed acceptable by creditors and rooted in Greece’s previously enacted bailout agreement, which is something the government had promised not to do. Greece’s new government has been agitating for more generous term for its international bailout after several years of punishing austerity…
The RRSP is a powerful savings vehicle
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
With “RRSP season” in full swing I thought I would remind you why the RRSP is a powerful savings vehicle, why you might want to take advantage of it, and share what our longer term game plan for this account is.
RRSP Facts
The maximum RRSP contribution limit for 2014 is $24,270 (comparing to the last year, 2013, $450 of RRSP limit has been increased for the year 2014). However, if you did not use all of your RRSP contribution limit for the years 1991-2013, you can carry forward the unused amount to 2014. So, your RRSP contribution limit for 2014 may be more than $24,270.
The RRSP contribution deadline for the 2014 tax year is…drumroll please….March 02, 2015.
RRSP Power
With “RRSP season” in full swing I thought I would remind you why the RRSP is a powerful savings vehicle, why you might want to take advantage of it, and share what our longer term game plan for this account is.
RRSP Facts
The maximum RRSP contribution limit for 2014 is $24,270 (comparing to the last year, 2013, $450 of RRSP limit has been increased for the year 2014). However, if you did not use all of your RRSP contribution limit for the years 1991-2013, you can carry forward the unused amount to 2014. So, your RRSP contribution limit for 2014 may be more than $24,270.
The RRSP contribution deadline for the 2014 tax year is…drumroll please….March 02, 2015.
RRSP Power
A Registered Retirement Savings Plan (RRSP) is a savings and investment account that has special tax advantages.
Inside an RRSP you can hold a variety of investments including Guaranteed Investment Certificates (GICs), mutual funds, Exchange Traded Funds (ETFs), bonds and other securities…
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
