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How to file your taxes when you own ETFs Dec 19th
Ask MoneySense
Is it possible to handle investments without having an accountant or tax professional? I do my own income taxes and have used the tax receipts without any issues from my bank for mutual funds. Is it possible to invest in ETFs without hiring a professional at tax time? If they are in a.... More »
Stock market today: Stocks wobble as earnings roll in, Powell comments on inflation - Yahoo Finance Apr 16th
Stock market today: Stocks wobble as earnings roll in, Powell comments on inflation Yahoo FinanceFed Chair Powell says there has been a 'lack of further progress' this year on inflation CNBCFed's Jerome Powell suggests elevated inflation will likely delay interest rate cuts thi.... More »
Before the Bell: U.S. futures muted, Canadian investors weigh earnings - The Globe and Mail Nov 9th
Before the Bell: U.S. futures muted, Canadian investors weigh earnings The Globe and MailTSX Today: What to Watch for in Stocks on Thursday, November 9 The Motley Fool CanadaUpbeat earnings, energy shares drive TSX higher ReutersThe close: TSX extends pullback as res.... More »
Deputy Attorney General Rod Rosenstein is reportedly out - Vox Sep 24th
VoxDeputy Attorney General Rod Rosenstein is reportedly outVoxDeputy Attorney General Rod Rosenstein has reportedly resigned, throwing the future of special counsel Robert Mueller's Russia investigation into question. The news comes three days after the New York Times reported the deputy attorn.... More »
TD profit falls, missing expectations as economic downturn looms - The Globe and Mail + MORE May 25th
TD profit falls, missing expectations as economic downturn looms The Globe and MailProfits dip as BMO and Scotiabank set aside hundreds of millions to cover bad loans CBC NewsLive news: TD Bank adds to disappointing earnings for Canadian lenders Financial TimesBMO an.... More »
Before the Bell: Brace for an active day in the markets
– theglobeandmail.com
Jennifer Dowty, Chartered Financial Analyst, looks ahead to the market trading day
Prepare for a 10% minimum down payment
– moneysense.ca
The federal Department of Finance is seriously considering weighing in on Canada’s housing market by raising the minimum down payment on a home purchase from 5% to up to 10%. The announcement could come as early as January 2016.
According to RateSpy.com founder and independent mortgage broker Robert McLister, government policy-makers are considering a graduated minimum down payment threshold based on either the home value or the mortgage amount. Homes/mortgages under $500,000 would only require a 5% down payment, while those between $500,000 and $700,00o would require 7% down and anything over $700,000 would require 10% down.
Apparently, the rationale for this new graduated scale is two-fold:
→ Tougher lending requirements should help cool the housing market, particularly in red-hot Toronto and Vancouver.
→ It would also help minimize the exposure taxpayers have to insured mortgage default losses.
Currently, if a person buys a home with less than 20% down the lender is legally required to take out mortgage default loan insurance…
According to RateSpy.com founder and independent mortgage broker Robert McLister, government policy-makers are considering a graduated minimum down payment threshold based on either the home value or the mortgage amount. Homes/mortgages under $500,000 would only require a 5% down payment, while those between $500,000 and $700,00o would require 7% down and anything over $700,000 would require 10% down.
Apparently, the rationale for this new graduated scale is two-fold:
→ Tougher lending requirements should help cool the housing market, particularly in red-hot Toronto and Vancouver.
→ It would also help minimize the exposure taxpayers have to insured mortgage default losses.
Currently, if a person buys a home with less than 20% down the lender is legally required to take out mortgage default loan insurance…
Carney, Bloomberg press for climate-change risk disclosure guidelines
– theglobeandmail.com
Move aims to develop voluntary financial risk disclosure guidelines that will ensure consistent information for investors, lenders, insurers
