There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Loonie, TSX continue descent following Brexit vote + MORE Jun 27th
TORONTO – The Canadian dollar is continuing its descent as markets around the world continue to take stock of last week’s Brexit vote.
The loonie began the week at 76.63 cents US in early morning trading shortly after North American stock markets opened, down 0.3 of a cent from Friday’s close..... More »
Kristy Shen on living the FIRE life and using money to “buy back time” + MORE Apr 4th
In their early 30s, Kristy Shen and Bryce Leung quit their high-paying jobs in software engineering to travel the world. The Toronto couple had $1 million in savings, but instead of taking the conventional route of home ownership, they packed their suitcases. Shen and Leung started sharing their adv.... More »
Best online banks and credit unions in Canada for 2025 + MORE Mar 6th
Where can you get the best digital banking experience in Canada? We wanted to find out in this second annual review of the best online banks and credit unions in Canada.
To come up with the ranking, MoneySense partnered with Surviscor, a leading Canadian research and consulting firm specializing.... More »
Tesla Q2 Delivery Expectations Coming Down. The Key Number Might Be Energy Storage. - Investor's Business Daily Jul 1st
Tesla Q2 Delivery Expectations Coming Down. The Key Number Might Be Energy Storage. Investor's Business DailyTesla is running out of excuses for its prolonged sales slump Yahoo FinanceAnalyst puts Tesla stock on key ideas list as Q2 deliveries loom TheStreetTesla add.... More »
Buying a second home: How it works in Canada + MORE May 9th
What does it take to buy a second home in Canada? There’s a lot to consider, from figuring out whether you can afford to buy a second property (and whether it’s worth it) to navigating the down payment requirements and mortgage rules. To help you get started, we’ve answered these questions and.... More »
Suncor reports fourth-quarter loss, slashes 2016 capital budget
– theglobeandmail.com
The Calgary-based company’s operating loss was C$26-million, or 2 Canadian cents a share, versus operating earnings of C$386-million, or 27 Canadian cents a share, in the year-ago period
Chicago Public Schools sells bonds to keep doors open
– canadianbusiness.com
CHICAGO – Chicago Public Schools has sold $725 million in tax-exempt bonds it says will help get the district through the rest of the school year.
Because the district has received a low credit rating, it must pay an 8.5 per cent interest rate on most of the bonds sold Wednesday. Officials say the sale raised less than the $875 million the district wanted.
The district is rated three levels below junk status by all three major rating agencies. Recent financial documents have revealed the district had barely enough cash to make it through the year.
Illinois Republican Gov. Bruce Rauner criticized the sale, saying the district and Chicago’s mayor have again “kicked the can” down the road.
Ron DeNard, the district’s vice-president for finance, says borrowing money is never done lightly.
The post Chicago Public Schools sells bonds to keep doors open appeared first on Canadian Business – Your Source For Business News.
Because the district has received a low credit rating, it must pay an 8.5 per cent interest rate on most of the bonds sold Wednesday. Officials say the sale raised less than the $875 million the district wanted.
The district is rated three levels below junk status by all three major rating agencies. Recent financial documents have revealed the district had barely enough cash to make it through the year.
Illinois Republican Gov. Bruce Rauner criticized the sale, saying the district and Chicago’s mayor have again “kicked the can” down the road.
Ron DeNard, the district’s vice-president for finance, says borrowing money is never done lightly.
The post Chicago Public Schools sells bonds to keep doors open appeared first on Canadian Business – Your Source For Business News.
State assets for sale in tough times for petrocrats
– theglobeandmail.com
Russia is among countries looking to sell off chunks of big-name state companies to bolster a depleted treasury
5 things to know about your RRSP before the deadline
– moneysense.ca
OTTAWA – Recent volatility on the markets has bruised RRSP investments. As the Feb. 29 deadline for contributions looms, here are five things to know about RRSPs:
— They allow you to defer taxes, not avoid them. You are able to deduct your contributions from your income, but when you withdraw the money in retirement, you will pay income tax.
— Your unused RRSP contribution room carries forward. If you don’t maximize your contribution for a given year, the unused portion carries forward.
— If you have a pension plan at work, that can reduce your RRSP contribution room. Depending on how generous your pension plan is, the amount you are able to contribute to your RRSP may be substantially reduced.
How to rock your RRSP »
— Choosing between saving for retirement using your RRSP or tax-free savings account depends on the tax bracket you are in today and where you expect to be when you start withdrawing money from your RRSP.
— You can withdraw money from your RRSP under the home buyers’ plan and the lifelong learning plan, but if you do you must repay the money to your account within a set amount of time…
— They allow you to defer taxes, not avoid them. You are able to deduct your contributions from your income, but when you withdraw the money in retirement, you will pay income tax.
— Your unused RRSP contribution room carries forward. If you don’t maximize your contribution for a given year, the unused portion carries forward.
— If you have a pension plan at work, that can reduce your RRSP contribution room. Depending on how generous your pension plan is, the amount you are able to contribute to your RRSP may be substantially reduced.
How to rock your RRSP »
— Choosing between saving for retirement using your RRSP or tax-free savings account depends on the tax bracket you are in today and where you expect to be when you start withdrawing money from your RRSP.
— You can withdraw money from your RRSP under the home buyers’ plan and the lifelong learning plan, but if you do you must repay the money to your account within a set amount of time…
