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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Your lookahead horoscope: June 22, 2025 - The Globe and Mail + MORE Jun 22nd
Your lookahead horoscope: June 22, 2025 The Globe and MailHoroscope Today, June 22, 2025: Incoming wealth, fruitful results and more Hindustan TimesToday's Horoscope – June 22, 2025: Check horoscope for all sun signs Deccan HeraldHoroscope for Saturday, June 21th, .... More »
How does a U.S.-dollar TFSA work? May 21st
Ask MoneySense
I just set up an American dollar TFSA to complement my existing TFSA. I do not know how the contribution gets calculated, and the goal is to not overcontribute with the sum of these.
—Michelle
An investor can open more than one tax-free savings account (TFSA). There are no r.... More »
Renting out your home can bring cash—and complications May 20th
If you search “Airbnb how to get started” you’ll reach their splash page with a big number. As of May in Toronto, Airbnb says you can make more than $4,000 per month during the FIFA World Cup. It’s a powerful lure for someone who needs help with their rent or mortgage, and has a spare room t.... More »
Who’s afraid of big, bad debt? Nov 21st
While intergenerational debate continues over who’s had the toughest time, financially speaking, Manulife Bank has just released the results of a survey that looks at Canadians’ attitudes towards debt. Of the 2,000 or so people surveyed, 94% believe “the average Canadian household is in too mu.... More »
At midday: TSX rises with financial stocks + MORE Oct 23rd
Abe victory boosts U.S. stocks, dollar
.... More »
Reuters CanadaChina transition welcome but poses risks: Bank of CanadaReuters CanadaVANCOUVER (Reuters) – China's transition to a more sustainable pace of growth is welcome, but it will take time and could be marked by periods of economic and financial volatility, a top Bank of Canada official said on Tuesday. A shock emanating from …Bank of Canada still bullish on China despite economic slowdownThe Globe and Mail (subscription)UPDATE 1-Bank of Canada: China transition welcome but poses risksReutersOttawa looking to boost ties with China with major internal review, 'youth engagement' strategyNational PostCFJC Today Kamloops -Wall Street Journal -Bloomberg -Pak1stanFirstall 15 news articles »
Panama Papers: How the release of the documents could lead to deadly political purges – CBC.ca
– news.google.ca
CBC.caPanama Papers: How the release of the documents could lead to deadly political purgesCBC.caEmbarrassment, prosecution, political instability and murder — all possible ramifications, say some observers, of the leak of millions of confidential documents revealing the hidden offshore assets of billionaires, top government officials …World leaders react to secret dealings revealed by Panama PapersToronto StarGovernment and business leaders around the world respond to fallout from Panama Papers leakNational PostThe Latest: FIFA head Infantino hits back after Panama linkThe ProvinceIrish Times -Sydney Morning Herald -AsiaOne -Daily Mailall 2,782 news articles »
How to pay less tax on your RRSP withdrawals
– moneysense.ca
(Getty Images)Q: My wife has two RRSP accounts in her name. One is a spousal which I no longer contribute to and one is personal in her name. I have my own personal RRSP account.
I have one defined benefit pension plan from which I am collecting income from while I still work full time. When I retire at age 65, I will then be collecting from two separate defined benefit pension plans.
At that time, my wife and I will be collecting our Canada Pension and Old Age Security.
Our RRSP plans are completely DRIP-oriented and consist entirely of well-established blue chip stocks that are split 50% Canadian publicly traded companies and 50% US publicly traded companies. Our plan is to start the withdrawals from our RRSPs at age 69 or 70.
What would be the most tax advantaged means to withdraw the funds? For example, can we transfer the funds in kind from our three RRSP accounts within the same discount brokerage to a cash account in our individual names and collect the dividend income in cash as a means of cash flow once we retire?
— Shaune
A: Flipping the switch from accumulation to decumulation is no easy task, Shaune…
HBC profit up as revenue surges 70%
– cbc.ca
Hudson’s Bay Co. has reported a sharp increase in both fourth-quarter and full-year net earnings as the department store group got a big boost from the sale of real estate investments.
Bill Downe, CEO of BMO Financial Group, speaks at the company’s annual meeting in Toronto on April 1, 2014. (Michelle Siu/CP)TORONTO – The Bank of Montreal’s CEO is defending the Canadian banking sector’s anti-money laundering practices following reports linking a major Canadian financial institution to a Panamanian law firm at the centre of a data leak on the use of offshore tax havens.
Bill Downe says Canadian banks have “dramatically” beefed up their anti-money laundering controls over the last seven to 10 years at the request of various governments around the world.
“I would say that the current Bank Secrecy Act anti-money laundering provisions, particularly involving U.S. dollar accounts, are extremely robust,” Downe said in an interview following the bank’s annual shareholder meeting in Toronto on Tuesday.
He added that if any violations do emerge from documents leaked from the law firm Mossack Fonseca, he suspects they will be in relation to business that originated a long time ago — before the big push by the banks to bolster their anti-money laundering practices…
