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.
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Making sense of the markets this week: February 18, 2024 Feb 16th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Shopify struggles
Canada’s second-largest company (or third, depending on the day) had a relatively strong earnings da.... More »
Lawyers for Ghislaine Maxwell propose $28.5M bail package, including armed guards - Global News + MORE Dec 15th
Lawyers for Ghislaine Maxwell propose $28.5M bail package, including armed guards Global NewsGhislaine Maxwell proposes $28.5M bail package, secured by all of her and her husband's assets National PostGhislaine Maxwell proposes $28.5M bail package Toronto SunGhislain.... More »
When is it worth buying a U.S.-listed ETF over a Canadian one? Jul 22nd
Canada’s exchange-traded fund (ETF) industry recently crossed a major milestone. By the end of June 2026, Canadian-listed ETFs collectively held more than $1 trillion in assets under management (AUM), spread across more than 2,000 available products. That growth is impressive, but the Canadian mar.... More »
Wall St loses ground as bond yields rise; McDonald's, Coca-Cola slip - Reuters + MORE Oct 23rd
Wall St loses ground as bond yields rise; McDonald's, Coca-Cola slip ReutersStock market today: Dow leads stocks lower as Treasury yields tick up Yahoo FinanceNasdaq Futures Fall On Higher Bond Yields Ahead Of Tesla Earnings BarchartStock Market News Today, 10/23/24 .... More »
The best Visa credit cards in Canada for August 2023 + MORE Aug 31st
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The best Visa credit cards in Canada for August 2023
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Canadian business leaders say COP21 agreement a good start, but only that
– theglobeandmail.com
When it comes to tackling climate change, the true heavy lifting is yet to come, and business will play a critical role in helping to develop and drive investment in advanced technological solutions at a scale never seen before
Tax rates changes and TFSA limit reduction means reviewing your financial plan
– canadianbusiness.com
OTTAWA – The tax rules are changing in 2016 and even if Canadians don’t make enough to be hit by the new top federal income tax rate, their financial plans are going to need to be reviewed.
The vast majority of Canadians will not be affected by the new tax bracket for income over $200,000 a year, but everyone will see their tax-free savings account contribution limit be reduced back to $5,500 for 2016.
Combined with the new lower tax rate for income between $45,282 and $90,563, even those who aren’t in the top one per cent of income-earners should take a look at their finances to ensure they’re on track.
Peter Bowen, vice-president of tax and retirement research and solutions at Fidelity Investments, says for many people this might be the most important tax planning season they’ve ever had.
“With the changes just implemented both to tax rates and TFSAs, everybody needs to take care to make sure their tax planning is right for their own situation,” he said…
The vast majority of Canadians will not be affected by the new tax bracket for income over $200,000 a year, but everyone will see their tax-free savings account contribution limit be reduced back to $5,500 for 2016.
Combined with the new lower tax rate for income between $45,282 and $90,563, even those who aren’t in the top one per cent of income-earners should take a look at their finances to ensure they’re on track.
Peter Bowen, vice-president of tax and retirement research and solutions at Fidelity Investments, says for many people this might be the most important tax planning season they’ve ever had.
“With the changes just implemented both to tax rates and TFSAs, everybody needs to take care to make sure their tax planning is right for their own situation,” he said…
Try this average retirement plan to wealth – Part 2 of 2
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.The Average Persons Retirement Investment Plan is an easy to understand, simple way to invest. It allows you to make small investments over time and it does not require extensive market forecasting or analysis. You will also see your income grow over time, without commissions or fees. Cannew, a fan of My Own Advisor, outlined the use of Stock Transfer Agents and full Dividend Reinvestment Plans (DRIPs) in Part 1 of this series.
Today’s post will conclude Cannew’s get wealthy eventually strategy – one that earns him close to $100,000 per year in retirement income – in his own words.
What stocks to buy (for Dividend Reinvestment Plans (DRIPs))?
Personally, and of course the choice is always yours, I only consider large, stable, Canadian stocks for my full DRIPs. Here are my rules for DRIPping:
The company stock must have paid a dividend for many years,
The company stock must have a history of growing its dividend,
The company must offer both DRIP & Share Purchase Plans (SPP)
I want to invest small amounts at no commission…
Five things to watch for in the Canadian business world in the coming week
– canadianbusiness.com
TORONTO – Five things to watch this shortened week in Canadian business:
Business bigwig: Bank of Canada governor Stephen Poloz is The Canadian Press’s freshly minted business newsmaker of the year. Hot off the honour, he’ll be in Ottawa on Monday making a presentation at a finance ministers meeting, possibly wearing shades and being pursued by paparazzi.
Morneau meetup: Finance Minister Bill Morneau meets with his provincial counterparts to discuss the Canada Pension Plan, infrastructure and other issues on Monday. The aforementioned Poloz will be in attendance.
Last-minute shopping: Canadians are rushing to get their holiday shopping done this week. Are Canadian retailers poised to have a good season, or a dismal one as the economy continues to pull out of its downturn?
Statcan on pensions: The federal agency is releasing a study on workplace pensions on Monday, delving into whether they crowd out other retirement savings vehicles.
Markets on their hols: The TSX shuts down at 1 p…
Business bigwig: Bank of Canada governor Stephen Poloz is The Canadian Press’s freshly minted business newsmaker of the year. Hot off the honour, he’ll be in Ottawa on Monday making a presentation at a finance ministers meeting, possibly wearing shades and being pursued by paparazzi.
Morneau meetup: Finance Minister Bill Morneau meets with his provincial counterparts to discuss the Canada Pension Plan, infrastructure and other issues on Monday. The aforementioned Poloz will be in attendance.
Last-minute shopping: Canadians are rushing to get their holiday shopping done this week. Are Canadian retailers poised to have a good season, or a dismal one as the economy continues to pull out of its downturn?
Statcan on pensions: The federal agency is releasing a study on workplace pensions on Monday, delving into whether they crowd out other retirement savings vehicles.
Markets on their hols: The TSX shuts down at 1 p…
