The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
A quick guide to how income distributions on ETFs and mutual funds work Apr 12th
Q. I’m wondering if the reinvested income in mutual funds and ETFs paid only to existing investors who hold the units at the time of the distribution. If I sold my holding just before the distribution, am I out of luck? Or would the income still accrue to me, since I held the shares when that inco.... More »
Top 100 dividend stocks in Canada 2024 + MORE Jul 30th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
Best Dividends in Canada Table of Contents
OverviewPa.... More »
Markets are in turmoil. Where should you invest your RRSP? Feb 16th
Indexes have bounced around by hundreds of points within the space of a few hours. The fear this causes should be a factor in making RRSP decisions, writes Gordon Pape..... More »
Should you take extra RRIF withdrawals to increase your estate? + MORE Nov 26th
Ask MoneySense
I have a RRIF that is worth approximately $250,000 at the moment. My two children are the beneficiaries. Obviously, I am hoping to somehow reduce any tax on this RRIF income when I die. Is my taking more out of the RRIF and paying the tax each year the best way to do this? Do you have.... More »
How to merge your points into PC Optimum + MORE Feb 1st
PC Optimum is officially here. Your PC Plus and Shoppers Optimum can be united into one, handy account. The biggest question many have as this transition takes place is: what do you actually do to merge all your points? We walked through the process for you. (And if you’re reading this because.... More »
Alberta regulator's new rules throw oil deals into doubt
– theglobeandmail.com
Financial stress test by Alberta Energy Regulator could lead to fewer buyers for energy assets in play
House upholds Obama ‘fiduciary rule’ on retirement savings
– canadianbusiness.com
WASHINGTON – President Barack Obama’s Democratic allies in the House have blocked a GOP attempt to derail new administration rules that require financial professionals to put their clients’ best interest first when giving advice on retirement investments like individual retirement accounts.
Democrats are in the minority in the House but held together on a 239-180 vote to deny Republicans the two-thirds margin required to overcome a veto of GOP legislation to overturn the new rules.
The vote came Wednesday night amid tumult on the House floor as Democrats mounted a sit-in to protest GOP leaders’ refusal to stage votes on gun-related measures.
The regulations are aimed at blocking financial advisers from steering clients toward investments with higher commissions and fees. Republicans retirees’ choices will be limited.
The post House upholds Obama ‘fiduciary rule’ on retirement savings appeared first on Canadian Business – Your Source For Business News.
Democrats are in the minority in the House but held together on a 239-180 vote to deny Republicans the two-thirds margin required to overcome a veto of GOP legislation to overturn the new rules.
The vote came Wednesday night amid tumult on the House floor as Democrats mounted a sit-in to protest GOP leaders’ refusal to stage votes on gun-related measures.
The regulations are aimed at blocking financial advisers from steering clients toward investments with higher commissions and fees. Republicans retirees’ choices will be limited.
The post House upholds Obama ‘fiduciary rule’ on retirement savings appeared first on Canadian Business – Your Source For Business News.
Eye on Shorts: What bearish investors are betting against
– theglobeandmail.com
Short position highlights are provided by TSX Datalinx.
CPP boost to cost feds $250M per year to offset fresh burden on low-wage earners
– canadianbusiness.com
OTTAWA – The federal government estimates it will cost taxpayers $250 million per year to offset the additional financial burden that expansion of the Canada Pension Plan will eventually place on low-income earners.
Ottawa and the provinces reached an agreement-in-principle this week to gradually increase CPP premiums as a way to boost the program’s benefits for future generations of retirees.
The announcement also included a federal commitment to enhance its refundable “Working Income Tax Benefit” to help compensate eligible low-wage earners for the higher CPP contributions.
The Finance Department projects that change will cost about $250 million annually once the CPP premium increase has been fully phased in.
The federal government also says it will allow the provinces to make specific changes to the tax benefit so it’s more harmonized with their own programs.
Due to this, Ottawa says it will continue working with the provinces and territories before implementing the adjustments to the tax benefit…
Ottawa and the provinces reached an agreement-in-principle this week to gradually increase CPP premiums as a way to boost the program’s benefits for future generations of retirees.
The announcement also included a federal commitment to enhance its refundable “Working Income Tax Benefit” to help compensate eligible low-wage earners for the higher CPP contributions.
The Finance Department projects that change will cost about $250 million annually once the CPP premium increase has been fully phased in.
The federal government also says it will allow the provinces to make specific changes to the tax benefit so it’s more harmonized with their own programs.
Due to this, Ottawa says it will continue working with the provinces and territories before implementing the adjustments to the tax benefit…
5 Brexit strategies Canadian investors should know
– moneysense.ca
This article was originally published on Canadian Business
Ahead of Britain’s historic vote over whether to leave the European Union on Thursday, June 23, there has been plenty of speculation about the potential fallout for the global economy, and Canadian investors are no exception. While the five financial experts we spoke with all agreed that on the eve of the referendum, the chances of a “Brexit” seem fairly narrow, they each had their own takes on what a “leave” vote could mean for Canadians, and what investors should keep in mind going into Thursday. Here are some investing tactics to consider as the vote looms:
What Brexit could mean for your portfolio »
Ahead of Britain’s historic vote over whether to leave the European Union on Thursday, June 23, there has been plenty of speculation about the potential fallout for the global economy, and Canadian investors are no exception. While the five financial experts we spoke with all agreed that on the eve of the referendum, the chances of a “Brexit” seem fairly narrow, they each had their own takes on what a “leave” vote could mean for Canadians, and what investors should keep in mind going into Thursday. Here are some investing tactics to consider as the vote looms:
What Brexit could mean for your portfolio »
Purchase protective puts
“One thing that investors could do in the lead up to the vote is to purchase protective puts [a risk-management strategy that limits downside risk]. In a situation like this, where investors may be concerned about the potential fallout, protective puts are something that we encourage investors to think of as a sort of insurance…
