Cisco’s Fast Future Innovation Awards is Accelerating Canadian Innovation, Returning for 2022 + MORE Sep 13th

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Is a vacation home a good investment? + MORE Sep 21st

The benefits of owning a vacation property are obvious. A cottage, cabin, condo or trailer a short drive from your home can provide a quick weekend recharge. A property down south can serve as a regular vacation destination or a winter home for a snowbird. Sometimes, emotions are the motivat.... More »
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Tontines in Canada: Moving from theory to practice as a solution to our retirement crisis Sep 29th

For years in his academic papers and some of his 17 published books, famed Canadian finance professor Moshe Milevsky described the history and theory behind a seemingly obscure retirement/longevity insurance structure known as the “tontine.” Milevsky, who works at the Schulich School of Busi.... More »
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.

TFSA is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like exchange-traded funds (ETFs), guaranteed investment certificates (GICs), bonds, stocks and, yes, plain-old cash. While you do have to abide by the set amount of contribution room each year, any gains you earn on those investments will not affect your contribution room for the current year or years to come. Plus, the income earned is tax-free (more on that below). Any resident of Canada, over the age of 18, with a valid social insurance number can open a TFSA.
Is a TFSA really tax-free?

TFSA contributions won’t reduce your taxable income, unlike registered retirement savings plan (RRSP) contributions. (If you haven’t maxed out your RRSP, get on that before the deadline). However, where you do save on taxes with a TFSA is that the money you earn inside your TFSA is not taxable…

Continue Reading On moneysense.ca »

An innovative idea is like a ripple in an ocean: given the right push, it can become a tidal wave. That’s something Mathieu Lachaîne, the Chief Technology Officer of Montreal-based smart-building-technology firm Sentiom knows firsthand.

Sentiom developed a cutting-edge AI-driven monitoring-and-detection system that provides real-time alerts to help reduce the risk of water damage in residential buildings. But it earned top honors — plus seed funding, resources and Cisco expertise — at the 2021 Cisco Fast Future Innovation Awards (FFIA) that gave the small startup company’s digital innovation the push needed to surge forward.

“We were keen to partner with a large technology company like Cisco and their innovation teams to  leverage their scale and knowledge,” says Lachaîne, citing Sentiom’s go-to-market and growth goals. “The Fast Future Innovation Awards weret  the perfect opportunity to accelerate innovation and bring our solution to market.”

Their technology, supported by Cisco’s, could assist local housing non-profit Maison Martin-Matte de Québec tackle an insurance-coverage-renewal problem…

Continue Reading On canadianbusiness.com »

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