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.
Latest News
Equifax Canada says 100,000 Canadians may be affected by cyberattack + MORE Sep 19th
TORONTO _ Equifax Canada says approximately 100,000 Canadian consumers may have had their personal information and credit card details compromised in the massive cyberattack on the credit data company made public earlier this month.
The company said Tuesday the investigation is ongoing and it appear.... More »
Consumer watchdog agency asks court to reconsider ruling + MORE Nov 18th
WASHINGTON – The government’s consumer finance watchdog is asking a federal appeals court to reconsider its ruling that said the agency’s structure is unconstitutional.
The Consumer Financial Protection Bureau on Friday called the 2-1 ruling last month “dramatic and unprecede.... More »
Capital gains tax in Canada, explained + MORE Jun 16th
Capital gains tax highlights
Only 50% of a capital gain is taxable in Canada, and the taxable portion is added to your income for the year. With Canada’s current income tax rates, no one pays more than 27% in capital gains tax. You can reduce the amount of capital gains tax you owe by holding.... More »
Paying capital gains tax on a loss + MORE Apr 24th
Q: My question today relates to the new changes to capital gains on real estate. My wife and I owned a condo for a number of years. We paid $80,000 in 2006 and sold for $140,000 in March 2016. The problem is we rented the unit out after we bought our house in 2011. Looking at the new formula for .... More »
Multigenerational Home Renovation Tax Credit: What is it and do you qualify? + MORE Sep 8th
Thinking about asking a senior-age parent to move in with you? If this involves renovating your home to create a secondary unit for them, you may qualify for a new federal tax credit: the Multigenerational Home Renovation Tax Credit (MHRTC).
Multigenerational households—those composed of three .... More »
Portuguese factory workers’ fight for their jobs highlights Europe’s struggle, hope for growth
– canadianbusiness.com
VILA NOVA DE GAIA, Portugal – A rusting yellow production line dangles from the ceiling of the cavernous Valadares factory, the long racks of ceramic sinks and toilets whose manufacture once provided jobs for 1,500 people gathering dust in the dim light from high windows.
The Portuguese factory shut down in 2012 amid Europe’s financial crisis, its huge debts and outdated business practices dooming it to bankruptcy. Now, on the factory floor some 10 metres (30 feet) below the symbols of the broken past, some former employees are back at their jobs and fighting to rebuild their lives after the business was reopened by private investors.
Valadares’ future is still at the mercy of financial uncertainty in countries using the euro currency, where many businesses are still too worried to invest and hire. But it’s a story of recovery that raises some hope for Portugal and the wider region as they try to create much-needed jobs.
European Union leaders meeting for a two-day summit Thursday will try to put into motion a big investment program and find solutions to Greece’s financial problems, which are casting a shadow of uncertainty…
The Portuguese factory shut down in 2012 amid Europe’s financial crisis, its huge debts and outdated business practices dooming it to bankruptcy. Now, on the factory floor some 10 metres (30 feet) below the symbols of the broken past, some former employees are back at their jobs and fighting to rebuild their lives after the business was reopened by private investors.
Valadares’ future is still at the mercy of financial uncertainty in countries using the euro currency, where many businesses are still too worried to invest and hire. But it’s a story of recovery that raises some hope for Portugal and the wider region as they try to create much-needed jobs.
European Union leaders meeting for a two-day summit Thursday will try to put into motion a big investment program and find solutions to Greece’s financial problems, which are casting a shadow of uncertainty…
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.
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
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.
A proxy for real estate bidding wars
– moneysense.ca
Auctions are the new real estate bidding wars (BarryCohen.com)Would you consider selling your home in an auction? While real estate auctions are a lot more common in the U.S.A, a Toronto realtor is hoping to attract some attention—and lots of money—by auctioning off a Bridle Path mansion.
Barry Cohen, a realtor with RE/MAX Realtron, scheduled an auction date with Concierge Auctions for April 16, 2015 for the sale of 40 Park Lane Circle in the extravagantly expensive section of Toronto’s Bridle Path area. Cohen is hoping the auction of this 6+2 bedroom, 14 bathroom, new-build mansion (which sits on 2.4 acres of land overlooking the ravine) will push the $13,980,000 list price up.
Auctions aren’t common but using a hold-back offer strategy is and this is the strategy many Toronto realtors (as well as realtors in other popular urban cities) use to push up the price. In an auction, the potential buyer needs to register. Hold-back strategies also require potential buyers to register (through their realtor and, typically, by formally submitting a purchase offer)…
