Single mom Adelaide has $22,000 in line-of-credit debt — here’s how she learned to dig her way out + MORE May 28th
Mental Health Awareness Month: Navigating the Stressful World of Real Estate – British Columbia Real Estate Association – BCREA
My bank is suggesting market-tracking GICs as an investment portfolio for part of my retirement nest egg. What is the deal (pros / cons) with this type of investment?—Bryan
Should you buy market-linked GICs?
Guaranteed investment certificates (GICs) are safe investments that can be purchased by Canadians. They typically have a term of between one and five years and pay a predetermined rate of interest to investors.
What is a market-linked GIC?
Some financial institutions offer GICs that are tied to the return of a particular stock market or stock market sector over the term, like those your bank is recommending, Bryan. They are most commonly referred to as market-linked or equity-linked GICs, but they may have other names.
These GICs have variable returns that depend on the performance of the underlying index. As an example, a GIC with a return based on the S&P/TSX Capped Financial Index will have its interest rate determined by the bank, insurance and investment company stocks that trade on the Toronto Stock Exchange…
You’ll find lots of good info to help you prepare. Here’s a table of contents for the guide’s topics, plus in-depth coverage for many of them.
2022 Income Tax Guide Table of Contents
Tax-related dates to know
Tax claims for Canadians and changes for 2022 income taxes
Prepping your taxes
RRSP contribution room
TFSA contribution room
How GICs are taxed
Tax tips for Canadians
How to get started on your tax return
Complicated tax situations and more
More reading for 2022 taxes
When are T4s due, tax deadline for 2022 and other important dates
April 30th may be burned into your brain as the date when taxes are due, but this year that is not the case—it falls on a Sunday in 2023…
Brandon Moffatt has spent his career solving complex problems. As owner and vice president of London, Ont.-based StormFisher Hydrogen, Moffatt has led the development and construction of more than $1 billion in clean energy infrastructure and is currently developing a facility for creating hydrogen and other low-carbon fuels. He’s an entrepreneur, an engineer and an environmentalist, and he excels at all three. In short, he and his company have a good story to tell. His problem? Finding the right way to tell it.
“We know what we’re doing on setting up the companies and engaging with corporate buyers,” Moffatt says. “But we’ve always been a steak-and-potatoes business. We’ve always approached it as, we’ll just do our job, and people will learn about us. We haven’t necessarily been telling our story.”
This build-it-and-the-words-will-come approach is not uncommon among busy company founders, especially those who work in highly technical fields…