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Latest News
Delta Air Lines places firm order for 75 CSeries aircraft + MORE Apr 28th
MONTREAL — Bombardier says Delta Air Lines Inc. has placed a firm order for 75 CS100 aircraft with options for an additional 50 CS100 aircraft in what would be the largest order for the CSeries jets.
The company says, based on the list price, the firm order is valued at approximately US$5.6 billi.... More »
The best credit cards for airport lounge access in Canada for 2023 + MORE Oct 5th
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Trading is Nothing But a Game of Risk Management Nov 20th
This statement may go against the ideology of all the pro traders in the Forex trading business. We are not here to change right and wrong. We are here to talk about what is right and inspire every trader to work in the correct way within the trading process. It is money we are talking about. Readin.... More »
Financial firm outsourcing increasing risk of cyber attacks: IIAC + MORE Jan 12th
TORONTO _ The head of the Investment Industry Association of Canada says the risk of cyberattacks is being amplified by the significant outsourcing done by investment dealers and asset managers.
Ian Russell told attendees at an Empire Club of Canada luncheon on Thursday in Toronto that firms’ .... More »
Inflation a scourge for retirees? Ottawa’s silver lining(s) + MORE Dec 20th
While inflation and taxes are both major scourges for retirees, there’s a silver lining in how the two interact. That’s because the federal government builds in a degree of inflation-indexing to tax brackets, retirement vehicle contribution room and major retirement programs like the Canada Pens.... More »
3.5 year – 2.10%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2015-04-01. Click on the link above to get more details or apply online.
90 days – 1.80%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2015-03-28. Click on the link above to get more details or apply online.
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,346.44, down 66.16 points):
Connacher Oil and Gas Ltd. (TSX:CLL). Oil and gas. Unchanged at 1.5 cents on 7.7 million shares.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Down 28 cents, or 7.25 per cent, to $3.58 on 6.6 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Down four cents, or 1.48 per cent, to $2.67 on 6.02 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 12 cents, or 0.73 per cent, to $16.67 on 5.6 million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Down $1.09, or 6.44 per cent, to $15.83 on 4.9 million shares. The Vancouver-based company, which delivered an earnings report that missed estimates, is slashing its dividend by two-thirds in response to current low commodity prices and the diversified mining company’s outlook.
North American Palladium Ltd. (TSX:PDL). Miner. Up 1.5 cents, or 27.27 per cent, to seven cents on 4.4 million shares…
Toronto Stock Exchange (15,346.44, down 66.16 points):
Connacher Oil and Gas Ltd. (TSX:CLL). Oil and gas. Unchanged at 1.5 cents on 7.7 million shares.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Down 28 cents, or 7.25 per cent, to $3.58 on 6.6 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Down four cents, or 1.48 per cent, to $2.67 on 6.02 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 12 cents, or 0.73 per cent, to $16.67 on 5.6 million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Down $1.09, or 6.44 per cent, to $15.83 on 4.9 million shares. The Vancouver-based company, which delivered an earnings report that missed estimates, is slashing its dividend by two-thirds in response to current low commodity prices and the diversified mining company’s outlook.
North American Palladium Ltd. (TSX:PDL). Miner. Up 1.5 cents, or 27.27 per cent, to seven cents on 4.4 million shares…
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.
What a $10K TFSA contribution limit really means
– moneysense.ca
(Creative Commons/Ken Teegardin)
Canadians, especially those with high incomes, will benefit from the TFSA contribution limit rising to $10,000, announced in Tuesday’s federal budget.
The increase is proposed to be effective as of January 1, 2015.
Investors who put the full $10,000 a year in a TFSA will save $3,708 in tax over 10 years—a 12% increase in after-tax investment income, based on a 5.5% rate of return—compared to saving $5,500 in a TFSA and $4,500 in a non-registered account.
The government has decoupled TFSA limit increases from inflation, meaning any further increase to contribution limits will have to be legislated.
Reaction
Canadians in the middle tax brackets, making about $50,000 a year, probably won’t be able to save more than $5,500 anyways, says Doug Carroll, vice-president of tax and estate planning at Invesco. That’s because at that income, a $5,500 contribution represents about $8,500, or nearly 20%, or someone’s pre-tax earnings, he estimates.
But for other reasons, the increase helps lower-income workers and the wealthy alike, says Darren Coleman, portfolio manager with Coleman Wealth of Raymond James…
