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Latest News
Honeywell planning to spin off assets into two new companies: sources Oct 9th
Honeywell International Inc. plans to spin off non-core assets and create at least two new publicly listed companies, sources say
.... More »
Urbancorp reminds us that our investments are at risk + MORE Aug 26th
Want to know why our grandparents hid money in their mattress? Because prior to 1967 any money saved was at risk. If a bank failed, those savings were gone. Wiped out. A big, fat zero. For them, it felt safer to tuck the bills into a hidey-hole and hope for the best.
But the feds realized this wasnâ.... More »
Gen Z housing hacks for the return-to-office era + MORE Nov 3rd
After years of remote work and suburban migrations, many young Canadians are being pulled back into city centres, where rental markets are more expensive. Toronto’s average rent, for example, sits around $2,600/month—about 20% higher than the national average, keeping the city among Canada’s p.... More »
Smart Beta ETFs for your Portfolio + MORE Dec 6th
Save, invest, prosper with My Own Advisor.
The boom of the Exchange Traded Fund (ETF) industry over the last decade has been great for many financial firms but also great for retail investors. Many ETFs help investors simplify their portfolio and keep their investing costs low. These are two hal.... More »
What it takes to retire at 45 + MORE Feb 6th
Q: I’m 27 years old with a relatively healthy income of around $125,000. I’m aiming to get on the early retirement track with any luck and retire around the age of 45.
I’ve been aggressively in the investing game for a few years now and have been putting money into my RRSP, which now has a bal.... More »
Suncor reports fourth-quarter loss, slashes 2016 capital budget
– theglobeandmail.com
The Calgary-based company’s operating loss was C$26-million, or 2 Canadian cents a share, versus operating earnings of C$386-million, or 27 Canadian cents a share, in the year-ago period
Chicago Public Schools sells bonds to keep doors open
– canadianbusiness.com
CHICAGO – Chicago Public Schools has sold $725 million in tax-exempt bonds it says will help get the district through the rest of the school year.
Because the district has received a low credit rating, it must pay an 8.5 per cent interest rate on most of the bonds sold Wednesday. Officials say the sale raised less than the $875 million the district wanted.
The district is rated three levels below junk status by all three major rating agencies. Recent financial documents have revealed the district had barely enough cash to make it through the year.
Illinois Republican Gov. Bruce Rauner criticized the sale, saying the district and Chicago’s mayor have again “kicked the can” down the road.
Ron DeNard, the district’s vice-president for finance, says borrowing money is never done lightly.
The post Chicago Public Schools sells bonds to keep doors open appeared first on Canadian Business – Your Source For Business News.
Because the district has received a low credit rating, it must pay an 8.5 per cent interest rate on most of the bonds sold Wednesday. Officials say the sale raised less than the $875 million the district wanted.
The district is rated three levels below junk status by all three major rating agencies. Recent financial documents have revealed the district had barely enough cash to make it through the year.
Illinois Republican Gov. Bruce Rauner criticized the sale, saying the district and Chicago’s mayor have again “kicked the can” down the road.
Ron DeNard, the district’s vice-president for finance, says borrowing money is never done lightly.
The post Chicago Public Schools sells bonds to keep doors open appeared first on Canadian Business – Your Source For Business News.
State assets for sale in tough times for petrocrats
– theglobeandmail.com
Russia is among countries looking to sell off chunks of big-name state companies to bolster a depleted treasury
5 things to know about your RRSP before the deadline
– moneysense.ca
OTTAWA – Recent volatility on the markets has bruised RRSP investments. As the Feb. 29 deadline for contributions looms, here are five things to know about RRSPs:
— They allow you to defer taxes, not avoid them. You are able to deduct your contributions from your income, but when you withdraw the money in retirement, you will pay income tax.
— Your unused RRSP contribution room carries forward. If you don’t maximize your contribution for a given year, the unused portion carries forward.
— If you have a pension plan at work, that can reduce your RRSP contribution room. Depending on how generous your pension plan is, the amount you are able to contribute to your RRSP may be substantially reduced.
How to rock your RRSP »
— Choosing between saving for retirement using your RRSP or tax-free savings account depends on the tax bracket you are in today and where you expect to be when you start withdrawing money from your RRSP.
— You can withdraw money from your RRSP under the home buyers’ plan and the lifelong learning plan, but if you do you must repay the money to your account within a set amount of time…
— They allow you to defer taxes, not avoid them. You are able to deduct your contributions from your income, but when you withdraw the money in retirement, you will pay income tax.
— Your unused RRSP contribution room carries forward. If you don’t maximize your contribution for a given year, the unused portion carries forward.
— If you have a pension plan at work, that can reduce your RRSP contribution room. Depending on how generous your pension plan is, the amount you are able to contribute to your RRSP may be substantially reduced.
How to rock your RRSP »
— Choosing between saving for retirement using your RRSP or tax-free savings account depends on the tax bracket you are in today and where you expect to be when you start withdrawing money from your RRSP.
— You can withdraw money from your RRSP under the home buyers’ plan and the lifelong learning plan, but if you do you must repay the money to your account within a set amount of time…
