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Latest News
How Vida Gabriel Is Making Carbon-capture Technology Even Greener + MORE Oct 31st
When Vida Gabriel was working on her master’s at the University of Ottawa in 2017, she met Sean Wilson, a chemical engineer, at a student holiday potluck where Wilson drew her name for Secret Santa. Gabriel, who was studying how to make polymers biodegradable, offered to help Wilson with grant app.... More »
The wrong way to pay off debt + MORE Sep 7th
I’ve always believed that anyone substantially mired in debt has no business fantasizing about retirement. For me, this extends even to a home mortgage, which is why I often say “the foundation of financial independence is a paid-for home.”
Sadly, however, it’s a fact that many Canadian sen.... More »
Fortis to buy U.S. electric transmission company ITC + MORE Feb 9th
ST. JOHN’S, N.L. — Fortis Inc. has a friendly US$11.3-billion deal to buy U.S. electric transmission company ITC, an acquisition that extends the Newfoundland-based utility company’s already vast reach south of the border.
The proposed agreement announced Tuesday — which requires var.... More »
Some wild speculation on Donald Trump’s VP + MORE Jun 23rd
Donald Trump, a man so orange he was once mistaken by a pilot for an air sock, is deciding on a vice-presidential candidate. Let’s take a closer look at the favourites:
Chris Christie. The New Jersey governor has demonstrated an old-school, Smithers-grade sycophancy—one defined by unblinking ob.... More »
What Neflix’s Drop in Subscribers Means for Streaming + MORE May 13th
There was once a time when Netflix dominated the category of streaming so strongly that it became synonymous with the activity itself. But the monopoly that Netflix once held is fading. Platforms like Apple TV, HBO Max, Disney +, Crave and Amazon Prime are competing for viewers. Netflix reported a l.... More »
3.5 year – 2.10%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2015-04-01. Click on the link above to get more details or apply online.
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.
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,346.44, down 66.16 points):
Connacher Oil and Gas Ltd. (TSX:CLL). Oil and gas. Unchanged at 1.5 cents on 7.7 million shares.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Down 28 cents, or 7.25 per cent, to $3.58 on 6.6 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Down four cents, or 1.48 per cent, to $2.67 on 6.02 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 12 cents, or 0.73 per cent, to $16.67 on 5.6 million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Down $1.09, or 6.44 per cent, to $15.83 on 4.9 million shares. The Vancouver-based company, which delivered an earnings report that missed estimates, is slashing its dividend by two-thirds in response to current low commodity prices and the diversified mining company’s outlook.
North American Palladium Ltd. (TSX:PDL). Miner. Up 1.5 cents, or 27.27 per cent, to seven cents on 4.4 million shares…
Toronto Stock Exchange (15,346.44, down 66.16 points):
Connacher Oil and Gas Ltd. (TSX:CLL). Oil and gas. Unchanged at 1.5 cents on 7.7 million shares.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Down 28 cents, or 7.25 per cent, to $3.58 on 6.6 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Down four cents, or 1.48 per cent, to $2.67 on 6.02 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 12 cents, or 0.73 per cent, to $16.67 on 5.6 million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Down $1.09, or 6.44 per cent, to $15.83 on 4.9 million shares. The Vancouver-based company, which delivered an earnings report that missed estimates, is slashing its dividend by two-thirds in response to current low commodity prices and the diversified mining company’s outlook.
North American Palladium Ltd. (TSX:PDL). Miner. Up 1.5 cents, or 27.27 per cent, to seven cents on 4.4 million shares…
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.
What a $10K TFSA contribution limit really means
– moneysense.ca
(Creative Commons/Ken Teegardin)
Canadians, especially those with high incomes, will benefit from the TFSA contribution limit rising to $10,000, announced in Tuesday’s federal budget.
The increase is proposed to be effective as of January 1, 2015.
Investors who put the full $10,000 a year in a TFSA will save $3,708 in tax over 10 years—a 12% increase in after-tax investment income, based on a 5.5% rate of return—compared to saving $5,500 in a TFSA and $4,500 in a non-registered account.
The government has decoupled TFSA limit increases from inflation, meaning any further increase to contribution limits will have to be legislated.
Reaction
Canadians in the middle tax brackets, making about $50,000 a year, probably won’t be able to save more than $5,500 anyways, says Doug Carroll, vice-president of tax and estate planning at Invesco. That’s because at that income, a $5,500 contribution represents about $8,500, or nearly 20%, or someone’s pre-tax earnings, he estimates.
But for other reasons, the increase helps lower-income workers and the wealthy alike, says Darren Coleman, portfolio manager with Coleman Wealth of Raymond James…
