How to go about securing the best return for your investment in Canada.
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Making sense of the markets this week: November 13, 2022 Nov 11th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Cooling inflation leads to red-hot day for the markets
Part of being neighbours with the most powerful country in the world is that.... More »
Making sense of the markets this week: November 28 + MORE Nov 26th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The greenification commodities supercycle
While there may be a broader commodities supercycle underway, what appears to be more of a sure thing is the green .... More »
After inheriting a RRIF account, how to know what you owe the taxman Mar 5th
Q: I’m wondering if there is a simple way to calculate the tax liability to named RRIF beneficiaries upon death of the account holder?
My wife’s mother passed away in October 2018. My wife was one of 3 named beneficiaries of a RRIF worth $265,000, and her share was $117,000 (44%). There are no.... More »
Doug Ford stripped school trustees of their power. Whether that's a good or bad thing depends on who you ask Jul 11th
On the last day of school last month, the Ontario government took control of four school boards, including the Toronto District School Board and the Toronto Catholic board, accusing them of financial mismanagement for continuing to run deficits or failing….... More »
First lady Melania Trump launches 'Be Best' campaign for children - Globalnews.ca + MORE May 8th
Globalnews.caFirst lady Melania Trump launches 'Be Best' campaign for childrenGlobalnews.caU.S. First Lady Melania Trump announced a new “Be Best” campaign aimed at children's wellness. “I feel strongly that as adults, we can and should 'be best' at educating our child.... More »
Methanex settles gas delivery dispute with Total Austral; gets US$42M payment
– canadianbusiness.com
VANCOUVER – Methanex Corp. (TSX:MX) says its Chilean subsidiary has settled a natural gas delivery dispute with Total Austral S.A. of Argentina for US$42 million.
Vancouver-based Methanex said Friday that Total has agreed to pay the money to Methanex Chile S.A. pursuant to a long-term natural gas supply agreement between the two companies.
Total will make a lump sum payment of US$42 million in order to terminate the agreement and settle all potential legal disputes, Methanex said.
“We are pleased to have reached an agreement with Total, and we believe that the settlement represents fair value for Methanex shareholders,” president and CEO John Floren said.
“We will continue to focus our efforts in Chile on realizing full value from our remaining assets including non-performing natural gas contracts. We have a first-class operation in Chile and remain optimistic that we can continue to operate in the region, supported by gas supplies from both Chile and Argentina.”
Methanex is the world’s largest producer and supplier of methanol to major international markets…
Vancouver-based Methanex said Friday that Total has agreed to pay the money to Methanex Chile S.A. pursuant to a long-term natural gas supply agreement between the two companies.
Total will make a lump sum payment of US$42 million in order to terminate the agreement and settle all potential legal disputes, Methanex said.
“We are pleased to have reached an agreement with Total, and we believe that the settlement represents fair value for Methanex shareholders,” president and CEO John Floren said.
“We will continue to focus our efforts in Chile on realizing full value from our remaining assets including non-performing natural gas contracts. We have a first-class operation in Chile and remain optimistic that we can continue to operate in the region, supported by gas supplies from both Chile and Argentina.”
Methanex is the world’s largest producer and supplier of methanol to major international markets…
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Is term life insurance worth the cost?
– moneysense.ca
Q: My wife and I are 66 and we’re in good health. Does it make sense to take out term life insurance carrying an annual premium of $6,000 to cover the tax on our substantial registered investments when we die?—Jim Semple, Regina
A: Insurance is a crucial part of a financial plan. While it can be a tool in estate planning, its best use in my opinion is to protect your family from an unexpected calamity. The latter doesn’t seem to apply to you because your investments are substantial. Besides, upon the death of either you or your wife your RRIF assets will roll over without tax to the other. As an estate planning strategy it may be an expensive way to shield your beneficiaries from tax.
Matthew Ardrey, a financial planner with fee-based firm T.E. Wealth, suggests comparing the “return” on the insurance policy with what you’d be able to save in a TFSA. “If they both live until age 90, that will be 25 years of premiums or $150,000. If they took that same $6,000 per year and saved it in a TFSA with a rate of return of 5%, they would have about $300,000 at age 90 payable to the other beneficiaries without tax…
A: Insurance is a crucial part of a financial plan. While it can be a tool in estate planning, its best use in my opinion is to protect your family from an unexpected calamity. The latter doesn’t seem to apply to you because your investments are substantial. Besides, upon the death of either you or your wife your RRIF assets will roll over without tax to the other. As an estate planning strategy it may be an expensive way to shield your beneficiaries from tax.
Matthew Ardrey, a financial planner with fee-based firm T.E. Wealth, suggests comparing the “return” on the insurance policy with what you’d be able to save in a TFSA. “If they both live until age 90, that will be 25 years of premiums or $150,000. If they took that same $6,000 per year and saved it in a TFSA with a rate of return of 5%, they would have about $300,000 at age 90 payable to the other beneficiaries without tax…
