How to go about securing the best return for your investment in Canada.
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Corporate investments for retirees Feb 15th
I’m not using my Canadian corporate company anymore. I’m 67, delaying CPP and OAS. I have $210K in my company that I need to take out. What is the best way to do this with minimal tax?
My accountant is working with me but really doesn’t think it’s the best strategy. He has a three-y.... More »
Canadian fund managers lag on tackling climate-change risks: survey + MORE May 3rd
Canadian investment funds collectively rank 11th in global survey when it comes to managing climate-change risks
.... More »
Carmike Cinemas, Hewlett Packard Enterprise climb + MORE Mar 4th
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
Hewlett Packard Enterprise Co., up $1.84 to $15.44
The information technology products and services company reported a stronger profit and greater sales th.... More »
What the U.S.-Iran spat means for financial markets and gasoline prices in Canada - Global News Jan 6th
What the U.S.-Iran spat means for financial markets and gasoline prices in Canada Global NewsTrump already told us he sees war with Iran as a distraction from a faltering presidency: Keith Boag CBC.caTrump doubles down on threat to Iran cultural sites CTV NewsThe rea.... More »
How does OSAP work? How can I pay it off? We make it make sense Jan 31st
This week, we’ve received a few questions on student loans, from how the interest percentage works, to if students can start investing while receiving financial aid..... More »
Ontario Teachers weathers tough markets, posts 11.8% return in 2014
– theglobeandmail.com
Pension plan sees its assets grow to $154.5-billion, up from $140.8-billion at the end of 2013
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
Health of defined benefit pension plans hurt by falling interest rates
– canadianbusiness.com
TORONTO – Aon Hewitt says the health of Canadian defined benefit pension plans has continued to decline this year due to falling long-term interest rates that have driven up plan liabilities.
The consulting firm says the median solvency funded ratio of 449 plans included in its survey was 89 per cent at March 30, down two percentage points from the end of 2014 and six percentage points lower than a year ago.
The solvency funded ratio compares total assets to total pension liabilities in the event of plan termination.
Aon Hewitt said 18 per cent of the of surveyed plans were more than fully funded at the end of the first quarter.
Interest rates fell in the first quarter as 10-year bond yields dropped by about 40 basis points.
The drop was partly offset by gains made by U.S. and global stocks and to a lesser extent Canadian equities.
The post Health of defined benefit pension plans hurt by falling interest rates appeared first on Canadian Business.
The consulting firm says the median solvency funded ratio of 449 plans included in its survey was 89 per cent at March 30, down two percentage points from the end of 2014 and six percentage points lower than a year ago.
The solvency funded ratio compares total assets to total pension liabilities in the event of plan termination.
Aon Hewitt said 18 per cent of the of surveyed plans were more than fully funded at the end of the first quarter.
Interest rates fell in the first quarter as 10-year bond yields dropped by about 40 basis points.
The drop was partly offset by gains made by U.S. and global stocks and to a lesser extent Canadian equities.
The post Health of defined benefit pension plans hurt by falling interest rates appeared first on Canadian Business.
Claim the Family Tax Cut carefully
– moneysense.ca
Kids under 18 are expensive. But if you’re a couple with children, you can now transfer as much as $50,000 in income from the higher-earning spouse to the lower-earning spouse for up to $2,000 in tax savings every year. Just be mindful of your RRSP contributions, advises tax expert Evelyn Jacks. The amount you save with the Family Tax Cut depends on the difference in the taxable incomes between spouses. When the higher earning spouse makes an RRSP contribution, he or she is effectively reducing his or her taxable income (because the amount you contributed doesn’t count). That, in turn, could reduce the difference in your incomes, and therefore the amount you get from the Tax Cut, as the scenario below shows. Still, in most cases, you should make the RRSP contribution anyway.» How to get a bigger tax refund
Tax savings: Meet Marc and Deborah. They’re a married couple in Ontario earning taxable incomes of $68,000 and $24,000, respectively, with two children under the age of 18 living at home…
90 days – 1.80%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2015-03-28. Click on the link above to get more details or apply online.
