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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Should you leave corporate savings in your company? + MORE Mar 1st
I have $1 million accumulated in my corporate account. I don’t need that money for my corporation. What is the best way to take that money out with minimal tax? I’m 39 and I’m not planning to retire soon.—Chris
Withdrawing money from a corporation to invest
One of the first things to i.... More »
What expenses can you deduct for a second property in Canada? + MORE Sep 14th
If someone owns a second property, what can they deduct? Can they deduct the cost of purchasing or renovations?—Nicole
The types of expenses you can deduct for a second property
There are several expenses that can be deducted from a second property, particularly if it is designated as an inv.... More »
We all pay the price for ballooning student debt + MORE Apr 17th
Over the past decades, higher education was seen as a rising tide that lifts everyone, but today, the return on a bachelor’s degree may be falling well below the cost of investment
.... More »
Tom Schwartz Addresses Tom Sandoval-Raquel Leviss Affair - Entertainment Tonight Mar 11th
Tom Schwartz Addresses Tom Sandoval-Raquel Leviss Affair Entertainment TonightKristen Doute Returning to Vanderpump Rules Amid Tom Sandoval Drama E! NEWSKristen Doute details exact moment Ariana Madix discovered Tom, Raquel affair Geo NewsVanderpump Rules - Vanderpum.... More »
Canadian manufacturer pivots to 'huge' market in India as country tries to strike trade deal - CBC May 29th
Canadian manufacturer pivots to 'huge' market in India as country tries to strike trade deal CBCIndia’s Union Minister Shri Piyush Goyal Visits BAPS Shri Swaminarayan Mandir, Toronto, ON, Canada BAPS Swaminarayan SansthaIndian business leaders’ mission concludes in Toronto .... More »
The Toronto stock market shoots higher for a second day, as oil prices appear to stabilize.
Investing money for a down payment
– moneysense.ca
(Photograph by Ronit Novak)Q: I plan to upgrade from my condo to a house in about five years. What’s the best way to invest the money I’m setting aside for a down payment? —Heather Wilson, Toronto
A: The word “invest” implies that you want to get this money working for you. But if it were my down payment I would lower my expectations and think about how to simply “save” it. Your time horizon is short, so capital preservation should be your No. 1 goal. If you have TFSA room, I would shop around and see who has the highest rate on a savings account. Sure, you will get a slightly better rate on a one-year GIC, but small amounts will be hard to add and depending on the duration you won’t have the flexibility to cash out when you want to. Buying a TD e-Series mutual fund would give you some exposure to the stock or bond markets and allow you to purchase in small amounts, but I just don’t think the risk would be worth it. The fact is, for savers, interest rates are abysmally low…
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
Toronto stock market advances following big selloff, oil prices stable – Winnipeg Free Press
– news.google.ca
CTV NewsToronto stock market advances following big selloff, oil prices stableWinnipeg Free PressTORONTO – The Toronto stock market was up sharply late morning Thursday as investors took another run at a relief rally following the sharp selloff that launched the 2015 trading year. The S&P/TSX composite index gained 148.47 points to 14,433.47 in a …TSX shoots higher for 2nd day as oil prices stabilizeCBC.caToronto stock market advances amid employment, interest rate optimismTimes ColonistCANADA STOCKS-TSX advances on positive US data, Fed signalsReuters Africaall 107 news articles »
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
