The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
Canada Goose, Lightspeed report earnings + MORE May 16th
Two Canadian companies report their fourth-quarter earnings this week, along with some other news.
Canada Goose reports $5M Q4 profit, YOY revenue up 22%
Canada Goose Holdings Inc. (TSX:GOOS) reported a profit in its fourth quarter compared with a loss a year earlier as its revenue rose 22%. T.... More »
Mutual funds vs. ETFs: What you need to know to decide what investment works for you Jul 8th
The popularity of exchange-traded funds often triumphs over old-school mutual funds among social media-savvy investors. But experts say they both have their place in the financial system.
The investment decision between the two boils down to your financial goals, risk tolerance, and time horizon,.... More »
Explosion at Russian lab housing smallpox, Ebola and other diseases: reports - Global News Sep 17th
Explosion at Russian lab housing smallpox, Ebola and other diseases: reports Global NewsThe explosion reportedly occurred at a lab in Russia, one of only two places in the world known to have a stock of the smallpox virus.View full coverage on Google News.... More »
Stock market news for Canadian investors: Cineplex, Sun Life Financial and more Feb 13th
Companies that reported earnings this week
Restaurant Brands International
Cineplex
McDonald’s
Canadian Tire
Sun Life Financial
RBI-owned Tim Hortons has eye on consumer demand as U.S. tariff uncertainty weighs
Source: Google
Restaurant Brands International
Q4 revenu.... More »
Can you move income back and forth between spouses? + MORE Aug 18th
Ask MoneySense
I have an investment property (condo) in my name. I would like to sell it and [have the proceeds] paid out half to me and half to my spouse. The plan is to make the maximum RRSP contribution for both of us to minimize the capital gain.
Is that plan OK, legal, and wise?
–Zlatko.... More »
New Justice Department policies encourage more prosecutions of corporate executives
– canadianbusiness.com
WASHINGTON – The Justice Department issued new guidance to its prosecutors on Wednesday, aimed at encouraging more white-collar criminal cases against corporate executives.
The new policies come amid persistent criticism that the Justice Department, even while negotiating multi-billion-dollar settlements with large banks, has not been aggressive in prosecuting individuals for financial misconduct — including after the mortgage crisis that devastated the U.S. economy.
The policy changes were outlined in a memo issued to Justice Department attorneys and to the FBI, and Deputy Attorney General Sally Yates was expected to discuss the issue in a speech Thursday at New York University’s law school.
Though it’s not clear whether the new policies will actually result in additional prosecutions, they reflect concerns that the department could be doing more to hold individual, high-level executives accountable.
“Regardless of how challenging it may be to make a case against individuals in a corporate fraud case, it’s our responsibility at the Department of Justice to overcome these challenges and do everything we can to develop the evidence and bring these cases,” Yates will say in her speech, according to excerpts provided by the Justice Department…
The new policies come amid persistent criticism that the Justice Department, even while negotiating multi-billion-dollar settlements with large banks, has not been aggressive in prosecuting individuals for financial misconduct — including after the mortgage crisis that devastated the U.S. economy.
The policy changes were outlined in a memo issued to Justice Department attorneys and to the FBI, and Deputy Attorney General Sally Yates was expected to discuss the issue in a speech Thursday at New York University’s law school.
Though it’s not clear whether the new policies will actually result in additional prosecutions, they reflect concerns that the department could be doing more to hold individual, high-level executives accountable.
“Regardless of how challenging it may be to make a case against individuals in a corporate fraud case, it’s our responsibility at the Department of Justice to overcome these challenges and do everything we can to develop the evidence and bring these cases,” Yates will say in her speech, according to excerpts provided by the Justice Department…
Harper’s RESP pledge: Good news, missed opportunity
– moneysense.ca
Prime Minister Stephen Harper recently announced that, if his party is re-elected, it would enrich the additional Canada Education Savings Grant (CESG) as a way “to help hard-working families save for their children’s post-secondary education.” There seems to be some confusion about what exactly this means, and what effect it will have.
Most Canadians seem to be aware of Registered Education Savings Plans (RESPs). RESPs allow parents of kids under the age of 18 to invest after-tax dollars into a fund to pay for their post-secondary education. One of the main advantages of investing in RESPs is that the federal government (and some provincial governments) provides matching funds, up to a maximum, called the Canada Education Savings Grant. There are two components to the CESG.
The basic CESG, which has not changed, allows all parents, regardless of income, to get a 20 per cent matching grant on all contributions up to $2,500. So every parent in Canada who has a child under the age of 18, and opens an RESP and invests money into that RESP, gets an additional contribution paid for by taxpayers…
Most Canadians seem to be aware of Registered Education Savings Plans (RESPs). RESPs allow parents of kids under the age of 18 to invest after-tax dollars into a fund to pay for their post-secondary education. One of the main advantages of investing in RESPs is that the federal government (and some provincial governments) provides matching funds, up to a maximum, called the Canada Education Savings Grant. There are two components to the CESG.
The basic CESG, which has not changed, allows all parents, regardless of income, to get a 20 per cent matching grant on all contributions up to $2,500. So every parent in Canada who has a child under the age of 18, and opens an RESP and invests money into that RESP, gets an additional contribution paid for by taxpayers…
August 2015 Dividend Income Update
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
Welcome to my latest dividend income update. For those of you new to these posts on my site, every month I discuss my approach to investing focusing on dividend paying stocks and how reinvesting the dividends paid from the Canadian companies we own are helping us reach financial freedom.
Although I’m a fan of low-cost Exchange Traded Funds (ETFs) to diversify my portfolio more going forward, I focus on holding and DRIPping dozens of brand name Canadian companies in our non-registered accounts and Tax Free Savings Accounts (TFSAs).
To recap, here is our simple approach to dividend investing:
Welcome to my latest dividend income update. For those of you new to these posts on my site, every month I discuss my approach to investing focusing on dividend paying stocks and how reinvesting the dividends paid from the Canadian companies we own are helping us reach financial freedom.
Although I’m a fan of low-cost Exchange Traded Funds (ETFs) to diversify my portfolio more going forward, I focus on holding and DRIPping dozens of brand name Canadian companies in our non-registered accounts and Tax Free Savings Accounts (TFSAs).
To recap, here is our simple approach to dividend investing:
We only buy established companies that have a modest to long history of paying dividends. Many of the stocks we own have paid dividends for over 100 years.
We reinvest all the dividends paid by these companies so whenever possible, so money that makes money will make retirement money.
We diversify our stock holdings by buying new companies…
The Bush Growth Plan
– online.wsj.com
Tax reform that would cut rates and unleash business investment.S&P cuts Brazil’s sovereign debt to ‘junk’ status, upping pressure on Rousseff to find way out
– canadianbusiness.com
RIO DE JANEIRO – The Brazilian government’s sovereign debt rating was cut Wednesday to “junk” status by one of the major credit agencies, ratcheting up pressure on President Dilma Rousseff to find a way out of an economic and political crisis.
Standard & Poor’s said in a note that Brazil’s hard-fought investment grade status that it held for seven years was gone and that its outlook on the country was negative, just as the nation enters recession and is expected to see an even worse 2016.
That means that it will be far more expensive for the Brazilian government to tap international credit markets and that much investor money, such as mutual funds that only plow money into investment-grade nations, will automatically be yanked out of the country.
S&P said that extreme political challenges for Rousseff “have continued to mount, weighing on the government’s ability” to shore up its finances as promised.
The downgrade comes on the heels of Rousseff submitting a budget to Congress that already had a built-in deficit of about $10 billion, meaning she tossed to legislators the burden of figuring out where to make cuts…
Standard & Poor’s said in a note that Brazil’s hard-fought investment grade status that it held for seven years was gone and that its outlook on the country was negative, just as the nation enters recession and is expected to see an even worse 2016.
That means that it will be far more expensive for the Brazilian government to tap international credit markets and that much investor money, such as mutual funds that only plow money into investment-grade nations, will automatically be yanked out of the country.
S&P said that extreme political challenges for Rousseff “have continued to mount, weighing on the government’s ability” to shore up its finances as promised.
The downgrade comes on the heels of Rousseff submitting a budget to Congress that already had a built-in deficit of about $10 billion, meaning she tossed to legislators the burden of figuring out where to make cuts…
