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What happens to my RRIF when I die? + MORE Mar 30th
Ask MoneySense
I have named my three adult children as the beneficiaries of my RRIF account. Will this account be rolled over to them on a tax-free basis?–Bob
Can you name a beneficiary on a RRIF?
Thanks for your question, Bob. A registered retirement income fund (RRIF) is one of several re.... More »
How it works: Capital gains tax on the sale of a property + MORE May 3rd
Capital gains. Even the mention of these two words together can immediately conjure myths about owing the government 50% of the money earned from selling a home. But, like most rumours, it’s only half true—for now. You may have also heard that Budget 2024, the Canadian federal government introdu.... More »
HISAs vs. bonds and GICs: Where should Canadians hold their cash? + MORE Jan 9th
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
Investor love grows for the low-cost balanced fund + MORE Mar 6th
Canadian investor confidence in stocks, mutual funds, TFSAs, RSPS and ETFs are all up these days, but it may be surprising to learn that it’s the simple Balanced Mutual Fund that received the biggest increase in consumer confidence—climbing 10% in one year.
Confidence in balanced funds, whic.... More »
Oil prices drop sharply after Trump moves to reassure markets over Iran war - The Guardian + MORE Mar 10th
Oil prices drop sharply after Trump moves to reassure markets over Iran war The GuardianIran war live: Trump says conflict will be over soon; Gulf attacks continue Al JazeeraMarkets Monday: North American stock indexes swing positive, oil prices fall, after Trump suggests war n.... More »
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.
No big bang, but Indian budget goes for growth, investment
– theglobeandmail.com
Modi’s first full budget aims to slow pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. 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 2014-12-19. Click on the link above to get more details or apply online.
Greece: No country for young people
– macleans.ca
ARIS MESSINIS/AFP/Getty ImagesIn 2007, on the eve of the global financial crisis, a protest group in Greece comprised of recent grads rallied around a symbolic number for a generation of youth: 700. Describing young Greeks as overworked, underpaid, overtaxed and debt-ridden, the group called itself “Generation 700 euros” (or G700 for short), for the average monthly wage in the Mediterranean country. (At the time, that worked out to a little more than $1,000.) After taxes, that figure fell to 600 euros (around $855), barely enough for young people to support themselves.
They weren’t alone. Across Europe, protest groups warned that youth didn’t have the resources to get ahead. In Spain, they were called the “Milleuristas,” in France, the “Generation Précaire.” But in Greece, which, in the wake of the financial crisis, became ground zero for the European debt crisis—and which once again is at the centre of debt-repayment talks that threaten to unravel the eurozone—the outlook for young people was at its most grim, and has only gotten worse…
