All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Investment fees are eating your returns + MORE Mar 16th
How are your investment fees affecting your returns? A new site called the WealthGame.ca has the answer, but you may not like what you learn.
Larry Bates is the founder of WealthGame.ca, which aims to draw attention to the impact fees have on your portfolio. The 25-year financial services industry.... More »
Low oil price takes big bite from Chevron, Exxon earnings + MORE Oct 30th
The world’s biggest oil companies are reporting grim results in the third quarter of 2015, with Chevron Corp seeing profit fall by 64 per cent and Exxon profit down 47 per cent..... More »
Aimia boosts dividend on positive outlook despite swinging to loss + MORE May 13th
The company that runs the Aeroplan loyalty-points program posted a first-quarter loss of $13.1-million
.... More »
It’s ‘never too early, never too late’ to learn financial literacy, experts say + MORE May 9th
There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
It’s ‘never too early, never too late’ to learn financial literacy, experts say - thestar.comContinue Reading On thestar.com »
How a Government Worker Extorted .... More »
Want to Supersize Your Business? Buy Another Aug 3rd
The journey from idea to IPO is a difficult one. In this five-part series, we look at how founders scaled their startups and reached new milestones.
Robert Hyde realized he needed a new strategy.
“We can create new products, but it takes a lot of energy and effort to build and launch a produ.... More »
Liam McGee, CEO of The Hartford credited with guiding company’s recovery from recession, dies
– canadianbusiness.com
HARTFORD, Conn. – The former CEO of The Hartford financial services firm who was credited with guiding the company as it recovered from the recession has died. Liam E. McGee was 60.
The Hartford, Connecticut-based company announced Monday that McGee had died Friday of cancer.
Presiding director Thomas A. Renyi says McGee made the “tough decisions necessary to guide the company” after the recession in 2009.
The Hartford received $3.4 billion as part of the federal financial bailout immediately after the crisis in 2008. It repaid the money in March 2010, nine months after receiving it.
McGee was CEO from October 2009 through July 2014.
He was a native of County Donegal, Ireland, and grew up in Southern California.
The post Liam McGee, CEO of The Hartford credited with guiding company’s recovery from recession, dies appeared first on Canadian Business.
The Hartford, Connecticut-based company announced Monday that McGee had died Friday of cancer.
Presiding director Thomas A. Renyi says McGee made the “tough decisions necessary to guide the company” after the recession in 2009.
The Hartford received $3.4 billion as part of the federal financial bailout immediately after the crisis in 2008. It repaid the money in March 2010, nine months after receiving it.
McGee was CEO from October 2009 through July 2014.
He was a native of County Donegal, Ireland, and grew up in Southern California.
The post Liam McGee, CEO of The Hartford credited with guiding company’s recovery from recession, dies appeared first on Canadian Business.
Should you invest in an RRSP or TFSA? Both if you can, says financial advisers
– canadianbusiness.com
TORONTO – Instead of debating the merits of an RRSP or a TFSA, Canadians should consider socking away money in both types of accounts for the best tax breaks, financial advisers say.
But since that can be a challenge for most people, the decision of where to save boils down to what you want to use the money for, your income and how much you expect to earn in retirement.
“In a perfect world, people would be maximizing both their RRSPs and TFSA contributions,” said Susan Stefura, a certified financial planner with Bespoke Financial Consulting in Toronto.
“But, of course, the world isn’t perfect and most Canadians don’t have the funds available.”
Launched in 2009, Tax-Free Savings Accounts were created as a way to encourage Canadians to invest and save without paying taxes on those gains. In contrast, money socked away in an Registered Retirement Savings Plan generates a tax deduction when it is invested, but it may be taxed when it is withdrawn.
Stefura suggests Canadians look at their tax rate and what they expect it to be in retirement…
But since that can be a challenge for most people, the decision of where to save boils down to what you want to use the money for, your income and how much you expect to earn in retirement.
“In a perfect world, people would be maximizing both their RRSPs and TFSA contributions,” said Susan Stefura, a certified financial planner with Bespoke Financial Consulting in Toronto.
“But, of course, the world isn’t perfect and most Canadians don’t have the funds available.”
Launched in 2009, Tax-Free Savings Accounts were created as a way to encourage Canadians to invest and save without paying taxes on those gains. In contrast, money socked away in an Registered Retirement Savings Plan generates a tax deduction when it is invested, but it may be taxed when it is withdrawn.
Stefura suggests Canadians look at their tax rate and what they expect it to be in retirement…
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
90 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.
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.
