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Should retirees in their early 70s partly annuitize? Jun 22nd
If you’re nearing the age when you have to wind up your registered retirement savings plan (RRSP), it’s a natural time to consider annuitizing, at least partly, if you haven’t yet done so. Canadians are required to close their RRSPs at the end of the year they turn 71. Since cashing out and pa.... More »
Five things to watch for in the Canadian business world in the coming week + MORE Nov 13th
TORONTO – Five things to watch this week in Canadian business:
Money Talk: Investment management giant BlackRock hosts a meeting Monday in Toronto between global financiers and several federal cabinet ministers including Bill Morneau of Finance. Ottawa’s big spending proposals, including.... More »
How to use FHSA and RRSP withdrawals for a home down payment in Canada + MORE Feb 11th
Ask MoneySense
My partner and I plan to buy a $600,000 home in two to three years with a 20% down payment. Can we each use $40,000 from our FHSAs and $60,000 from our RRSPs through the Home Buyers’ Plan, even though we would only need $120,000 for the down payment? We would use the additional $80,.... More »
Two men charged in death of Markham real estate agent as search continues for murder suspect - CP24 + MORE Dec 17th
Two men charged in death of Markham real estate agent as search continues for murder suspect CP24View Full Coverage on Google News.... More »
Stock markets appear to be ending week on a positive note, dollar slides + MORE Jul 8th
TORONTO – Stock markets appear to be ending the week on a positive note but Canada’s dollar is down.
The loonie was at 76.46 cents US, down 0.45 of a cent from Thursday’s close.
The Toronto Stock Exchange’s S&P/TSX composite index was up 144.36 points at 14,278.82.
The Do.... More »
Eurozone inflation stable at annual rate of 0.2 per cent in August
– canadianbusiness.com
BRUSSELS – Official figures show inflation in the 19-nation eurozone was stable in August at an annual rate of 0.2 per cent.
The European Union’s statistics agency, Eurostat, says Monday that a large drop in energy prices made up for increases in the costs of food, alcohol and tobacco, services and industrial goods.
The inflation figures remains far below the European Central Bank’s aim for a 2 per cent annual rate. The central bank is pumping 60 billion euros ($68 billion) a month of new money into the financial system of the eurozone to boost inflation.
A prolonged period of low inflation or, worse, an outright drop in consumer prices, can hurt an economy by encouraging consumers to delay purchases.
The post Eurozone inflation stable at annual rate of 0.2 per cent in August appeared first on Canadian Business – Your Source For Business News.
The European Union’s statistics agency, Eurostat, says Monday that a large drop in energy prices made up for increases in the costs of food, alcohol and tobacco, services and industrial goods.
The inflation figures remains far below the European Central Bank’s aim for a 2 per cent annual rate. The central bank is pumping 60 billion euros ($68 billion) a month of new money into the financial system of the eurozone to boost inflation.
A prolonged period of low inflation or, worse, an outright drop in consumer prices, can hurt an economy by encouraging consumers to delay purchases.
The post Eurozone inflation stable at annual rate of 0.2 per cent in August appeared first on Canadian Business – Your Source For Business News.
Before the Bell: Markets set to end August down sharply
– theglobeandmail.com
Our equities analyst looks ahead to the investment day
Buying a home with a basement apartment
– moneysense.ca
In the market to buy your first home? Perhaps you’re moving up? Or maybe you’re looking for an investment property? If you’re buying a property right now chances are you’ve come across more than a few homes that advertise income potential.
Truth be told: Any home with a secondary suite represents a valuable source of rental income. Not only do these homes command a premium on their sale price, but mortgage lenders tend to appraise the value of these properties higher, as do potential buyers. But how do you know if the home you’re buying has a legal apartment? And what about all those home-owners who rent out their basement? Are they all just breaking the law?
Difference between a second suite and a legal apartment
As early as the 1950s, some municipalities (led by the City of Toronto) started allowing home-owners to construct second suites in their semi-detached and detached homes. (You can also add a secondary suite to a row house, but there are a few more restrictions and regulations that govern authorized suites in this type of house…
Truth be told: Any home with a secondary suite represents a valuable source of rental income. Not only do these homes command a premium on their sale price, but mortgage lenders tend to appraise the value of these properties higher, as do potential buyers. But how do you know if the home you’re buying has a legal apartment? And what about all those home-owners who rent out their basement? Are they all just breaking the law?
Difference between a second suite and a legal apartment
As early as the 1950s, some municipalities (led by the City of Toronto) started allowing home-owners to construct second suites in their semi-detached and detached homes. (You can also add a secondary suite to a row house, but there are a few more restrictions and regulations that govern authorized suites in this type of house…
