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Should you buy real estate through a corporation? Sep 13th
One of the main tax benefits of Canadian real estate is the ability to claim an unlimited principal residence exemption on the property value appreciation. One exception may be if the land is more than half a hectare (1.24 acres), unless the minimum municipal lot size at the time you purch.... More »
Canada’s best store credit cards for 2023 + MORE Apr 6th
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The best store credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Canada’s best Mastercard credit cards 2020 + MORE Jun 2nd
As one of the top credit card companies in the world, Mastercard is both extremely popular and also nearly universally accepted. For those already banking at BMO Bank of Montreal, a major Canadian bank that associates with Mastercard, these cards may offer all the perks you’re after, along with op.... More »
Simplifying the ETF Selection Process: A Step-by-Step Guide to Finding the Perfect Fund + MORE Jan 18th
Investing in exchange-traded funds (ETFs) has become increasingly popular in recent years, and for a good reason. ETFs offer a convenient and cost-effective way to invest in diverse assets, from stocks and bonds to real estate and commodities. However, with thousands of ETFs to choose from, it can b.... More »
With debt payment looming, House weighs Puerto Rico bill + MORE Jun 9th
WASHINGTON – With a $2 billion debt payment looming, House leaders and President Barack Obama are pressuring lawmakers in both parties to support legislation to help ease Puerto Rico’s financial crisis.
The House is scheduled to begin debate Thursday on a bill that would create a financi.... More »
Toronto StarBudget analysis: Leaders prepare for election battleMontreal GazetteQUEBEC — And so the game of political chicken begins. The Parti Québécois government's 2014-2015 budget — tabled with little fanfare Thursday by Nicolas Marceau and described as sparse at best — had more the markings of the financial framework of …PQ budget loaded with identity rhetoric and poised for election callNational PostQuebec heading for provincial election, separatists leadReuters CanadaParti Québécois budget aimed at triggering election, opposition saysCBC.caToronto Star -CANOEall 114 news articles »
How to get good value from your financial adviser
– theglobeandmail.com
Beginner investors may not need more than the basics, but at any level, you want an adviser who puts an emphasis on financial planning
Lawyers use Bernie Madoff jailhouse interview to sue JPMorgan executives in NY over fraud
– canadianbusiness.com
NEW YORK, N.Y. – A new lawsuit against JPMorgan Chase & Co. relied on a jailhouse interview with Bernard Madoff to bolster claims that top executives at the nation’s largest bank for many years confronted Madoff about significant concerns in filings with a regulatory agency regarding his private investment business but always backed off because he earned the bank so much money.
In the lawsuit filed Thursday in Manhattan federal court, lawyers for two pension funds quoted Madoff from an in-person interview conducted last fall in Butner, N.C., where Madoff is serving a 150-year prison sentence, as well as telephone interviews conducted with him.
They said Madoff told them that the former chief executive officer at two banks that preceded the formation of JPMorgan and a former JPMorgan board member confronted Madoff in the 1990s and through the next decade, too.
But the lawsuit said they usually raised their concerns “as an after-thought” at the end of luncheon meetings as they passed along concerns raised every quarter by relationship managers at the bank, including the chief risk officer at JPMorgan’s Investment Bank…
In the lawsuit filed Thursday in Manhattan federal court, lawyers for two pension funds quoted Madoff from an in-person interview conducted last fall in Butner, N.C., where Madoff is serving a 150-year prison sentence, as well as telephone interviews conducted with him.
They said Madoff told them that the former chief executive officer at two banks that preceded the formation of JPMorgan and a former JPMorgan board member confronted Madoff in the 1990s and through the next decade, too.
But the lawsuit said they usually raised their concerns “as an after-thought” at the end of luncheon meetings as they passed along concerns raised every quarter by relationship managers at the bank, including the chief risk officer at JPMorgan’s Investment Bank…
A new financial trend that saves you money
– canadianliving.com
Are you a knitter? Or do you make elaborate cakes in your spare time? If so, you can barter. Barter Babe, Shannon Lee Simmons, shares how you can trade your skills to save you money.
Agrium Q4 profit falls 72% to US$99M; revenue slumps to$2.87B on falling prices
– canadianbusiness.com
CALGARY – Agrium Inc. (TSX:AGU) has reported a big drop in fourth-quarter net earnings as the fertilizer giant also reported a decline in revenue amid lower prices across all product lines in its wholesale division.
The Calgary-based company reported after markets closed Thursday that net profit for the three months ended Dec. 31 was US$99 million or 66 cents per diluted share, down from US$354 million or $2.34 per diluted share in the same quarter a year ago.
Sales revenue dropped $226 million, or seven per cent to US$2.867 billion from US$3.093 billion.
Included in the quarter’s results was a US$257-million purchase gain for the Viterra acquisition, a $220-million goodwill impairment for the Landmark business in Australia as well and EBITDA loss of $12 million, which included $8-million of integration costs, related to Viterra, it said.
For the full year, Agrium reported net income of US$1.06 billion or US$7.20 per diluted share on sales of US$15.7 billion. That was down from net earnings of US$1…
The Calgary-based company reported after markets closed Thursday that net profit for the three months ended Dec. 31 was US$99 million or 66 cents per diluted share, down from US$354 million or $2.34 per diluted share in the same quarter a year ago.
Sales revenue dropped $226 million, or seven per cent to US$2.867 billion from US$3.093 billion.
Included in the quarter’s results was a US$257-million purchase gain for the Viterra acquisition, a $220-million goodwill impairment for the Landmark business in Australia as well and EBITDA loss of $12 million, which included $8-million of integration costs, related to Viterra, it said.
For the full year, Agrium reported net income of US$1.06 billion or US$7.20 per diluted share on sales of US$15.7 billion. That was down from net earnings of US$1…
