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Is life insurance taxable in Canada? Mar 20th
Life insurance is essentially buying peace of mind. You’re helping your loved ones deal with the financial impact of your death and hopefully mitigating some of the accompanying stress and emotional turmoil. But what happens after your loved ones receive their inheritance? Is life insurance taxabl.... More »
Drilling company PHX Energy Services cuts half of workforce, 500 jobs lost + MORE Sep 12th
CALGARY – Calgary-based drilling company PHX Energy Services Corp. has laid off nearly 50 per cent of its workforce, putting more than 500 people out of work.
The company, which provides drilling technology and services to oil and gas companies in Canada, the United States, Albania and Russia,.... More »
…And here is what I actually got right…2016 Predictions – Final Update Jan 8th
Save, invest, prosper with My Own Advisor.
Well, here we are…another year gone and new one begins. Happy New Year again friends.
For the last couple of years, just for kicks, I made some financial predictions by looking into my cloudy crystal ball. Here is a recap of what I thought would happen .... More »
The best GIC rates in Canada for 2024 Sep 3rd
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigat.... More »
The best charities to donate to for impact in Canada for 2023 Nov 8th
“Return on investment.” It’s a phrase many Canadians are familiar with in terms of business decisions and investment portfolios. But it’s not necessarily top of mind when people choose a charity to donate to. And that’s understandable. Canadians support charities for a lot of different rea.... More »
5.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2013-12-17. Click on the link above to get more details or apply online.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.
On the Call: CFO Hood says Microsoft ‘learned a lot’ as it tries to make Surface profitable
– canadianbusiness.com
LOS ANGELES, Calif. – The good news: Microsoft’s push into hardware showed some promise in the December quarter, as revenue from its Surface line of tablets more than doubled to $893 million from the previous quarter.
The bad news: it’s still losing money.
Following the company’s release of second-quarter earnings, an analyst asked Chief Financial Officer Amy Hood how big the Surface unit has to get before it becomes profitable. Regulatory filings show that Surface is cost the company $932 million for the quarter, about $39 million more than it brought in in revenue.
QUESTION: The Surface (is) still losing money even at the $900 million run rate of revenue in the quarter. Can you give us what type of volume you need to have of that business to make some money?
RESPONSE: (Hood) When we launched Surface just a year ago our goal was really to create a product that showcased what can happen when you innovate in hardware, in the service and in the software. And as you know we’ve learned a lot over the course of this journey and we have to make more meaningful progress…
The bad news: it’s still losing money.
Following the company’s release of second-quarter earnings, an analyst asked Chief Financial Officer Amy Hood how big the Surface unit has to get before it becomes profitable. Regulatory filings show that Surface is cost the company $932 million for the quarter, about $39 million more than it brought in in revenue.
QUESTION: The Surface (is) still losing money even at the $900 million run rate of revenue in the quarter. Can you give us what type of volume you need to have of that business to make some money?
RESPONSE: (Hood) When we launched Surface just a year ago our goal was really to create a product that showcased what can happen when you innovate in hardware, in the service and in the software. And as you know we’ve learned a lot over the course of this journey and we have to make more meaningful progress…
As Samsung bids goodbye to stellar 2013, mixed views on its future
– canadianbusiness.com
SEOUL, South Korea – For Samsung Electronics and its 270,000 employees across the globe, 2013 was the best year.
One in every three smartphones sold carried the Samsung brand, with the company shipping more than 300 million of the devices. South Korea’s best known company on the world stage rounded off the year with record annual revenue and profit. Employees celebrated bonuses totalling more than $740 million.
Already selling more smartphones than any other company, Samsung is set to ship even more this year. Its smartphone sales will jump over 20 per cent to nearly 400 million units, according to Counterpoint Technology Market Research.
But that probably won’t translate into another year of record earnings, a scenario anticipated by investors with Samsung’s share price down 17 per cent since the start of 2013.
For the first time in more than two years, Samsung’s quarterly net profit declined from the previous quarter, its latest result showed Friday. The maker of Galaxy smartphones said its net profit for the October-December period fell 11 per cent from the third quarter to 7…
One in every three smartphones sold carried the Samsung brand, with the company shipping more than 300 million of the devices. South Korea’s best known company on the world stage rounded off the year with record annual revenue and profit. Employees celebrated bonuses totalling more than $740 million.
Already selling more smartphones than any other company, Samsung is set to ship even more this year. Its smartphone sales will jump over 20 per cent to nearly 400 million units, according to Counterpoint Technology Market Research.
But that probably won’t translate into another year of record earnings, a scenario anticipated by investors with Samsung’s share price down 17 per cent since the start of 2013.
For the first time in more than two years, Samsung’s quarterly net profit declined from the previous quarter, its latest result showed Friday. The maker of Galaxy smartphones said its net profit for the October-December period fell 11 per cent from the third quarter to 7…
With the RRSP deadline fast approaching — March 3 — you might be looking to top up your RRSP. But if you have a spouse or common-law partner, it might make more sense to contribute to a spousal RRSP for them instead.
