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.
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OAS payment dates in 2025, and more to know about Old Age Security Oct 7th
If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS wo.... More »
Profits just about double at BMO and Scotia as big banks post quarterly earnings - CBC.ca Aug 24th
Profits just about double at BMO and Scotia as big banks post quarterly earnings CBC.caBank of Montreal profit surges as loan-loss provisions improve, retail banking revenue gains The Globe and MailScotia beats as banking strength offsets capital markets stumble BNNT.... More »
Investing in CBD — How to Do It & What to Consider + MORE Aug 31st
The cannabidiol market in the U.S.A is growing bigger. Investors are turning their attention to the CBD industry to look at the lucrative opportunities it may present. Although CBD has been around for a long time, federal legalization of the substance has opened more doors toward increasing its popu.... More »
What you need to know about REITs Dec 1st
I crouched down to see the ants crawling along the baseboard, coming together in a living insect puddle near the side door. I assured my tenant I would handle it, and called the pest management company to take care of the problem, giving them my credit card number and a few hundred dollars in the pr.... More »
Of government and golf courses: Mulroney’s East Coast experiment, 30 years later
– canadianbusiness.com
HALIFAX _ Ben Cowan-Dewar was a bright-eyed 25-year-old entrepreneur when he visited Inverness, N.S., and saw a jaw-dropping landscape fit for a luxury golf course.
Past the abandoned mines and hardscrabble edges of the Cape Breton village, he envisioned a boutique 18-hole course and upscale resort perched atop craggy cliffs.
“It was a magical day,” Cowan-Dewar said recalling his first impressions of the coastline. “There was a mile of ocean frontage that mirrored the great links courses of Scotland and Ireland.”
The trouble was money.
Finding capital is tricky for any entrepreneur. But banks are notoriously nervous about new ventures in rural regions _ even golf courses in picturesque locations destined to attract well-heeled golfers.
To help build Cabot Links, and later its sibling Cabot Cliffs, Cowan-Dewar’s company turned to private financial partners and taxpayer-backed assistance.
Cabot Links at Inverness LP cashed interest-free loans of $6.5 million from the Atlantic Canada Opportunities Agency (ACOA), while the government of Nova Scotia inked an $8…
Past the abandoned mines and hardscrabble edges of the Cape Breton village, he envisioned a boutique 18-hole course and upscale resort perched atop craggy cliffs.
“It was a magical day,” Cowan-Dewar said recalling his first impressions of the coastline. “There was a mile of ocean frontage that mirrored the great links courses of Scotland and Ireland.”
The trouble was money.
Finding capital is tricky for any entrepreneur. But banks are notoriously nervous about new ventures in rural regions _ even golf courses in picturesque locations destined to attract well-heeled golfers.
To help build Cabot Links, and later its sibling Cabot Cliffs, Cowan-Dewar’s company turned to private financial partners and taxpayer-backed assistance.
Cabot Links at Inverness LP cashed interest-free loans of $6.5 million from the Atlantic Canada Opportunities Agency (ACOA), while the government of Nova Scotia inked an $8…
Do my heirs need to be at the reading of my will?
– moneysense.ca
Q: I have two sons and a daughter. I have disinherited my daughter, who lives in California. I leave everything to my two sons (one Canada, one American) and six Canadian grandchildren. My estate is in California and is in real estate, stocks and precious metals. My question is, where should my executor be? Do both my sons and adult grandchildren need to be at the reading of the will?
–Marie
A: Marie, you say your estate is in California. I expect you need wills that comply with California’s legal requirements. I am not licensed in California. You need advice from an attorney in that state. Normally, you would want executors who reside in California to administer your estate.
You need to speak to California estate attorneys for advice. Your one Canadian son may be entitled to act as a co-executor under California law. However, you may also need to consider cross-border tax and bonding requirements. Often foreign executors may be required to obtain bonds. These are expensive and you should try to avoid such requirements…
Bill Morneau insists federal government still has no plans for a Netflix tax
– canadianbusiness.com
OTTAWA _ Finance Minister Bill Morneau says the federal government still has no intention of imposing a Netflix tax because it would result in a financial hit for middle-class Canadians.
Morneau’s remarks about the online streaming giant come a couple of days after Heritage Minister Melanie Joly insisted she never agreed to exempt Netflix from any sales tax as part of a deal that has been a political nightmare in her home province of Quebec.
Pressed about the issue on Friday, Joly said anyone with concerns about the lack of federal taxes on online streaming services should talk to Morneau because he’s in charge of taxation.
Joly unveiled a cultural policy in September that secured a $500-million pledge by Netflix to set up a Canadian office and fund original homegrown content _ but the plan did not include taxes on the company’s service.
The ensuing weeks have seen the provincial government in Quebec vow to tax foreign online businesses, including Netflix, if Ottawa didn’t do so…
Morneau’s remarks about the online streaming giant come a couple of days after Heritage Minister Melanie Joly insisted she never agreed to exempt Netflix from any sales tax as part of a deal that has been a political nightmare in her home province of Quebec.
Pressed about the issue on Friday, Joly said anyone with concerns about the lack of federal taxes on online streaming services should talk to Morneau because he’s in charge of taxation.
Joly unveiled a cultural policy in September that secured a $500-million pledge by Netflix to set up a Canadian office and fund original homegrown content _ but the plan did not include taxes on the company’s service.
The ensuing weeks have seen the provincial government in Quebec vow to tax foreign online businesses, including Netflix, if Ottawa didn’t do so…
Calgary based water pipeline company accepts $509M offer from New York partner
– canadianbusiness.com
CALGARY _ A Calgary-based water pipeline technology and inspection company says it has agreed to be sold for more than half a billion dollars to New York-based Xylem Inc.
Pure Technologies Ltd. says the offering price of $9 per share or $509 million in cash is more than double its closing share price last Friday. The stock rose to $8.93 on Monday morning.
Xylem CEO Patrick Decker says Pure will help it provide cost-effective solutions to address worldwide concerns about aging water utility infrastructure.
Pure (TSX:PUR) has about 500 employees in corporate offices in Mississauga, Ont., and Columbia, Md., as well as regional offices in the United States, Mexico, Colombia, Australia and China. Most of its $126 million in revenue for the 12 months ended Sept. 30 was generated in North America.
Earlier this year, Xylem and Pure entered into a partnership in which Xylem represented Pure’s products and services in parts of the Middle East, India and Southeast Asia.
Xylem, which has 16,000 employees and annual revenue of US$3…
Pure Technologies Ltd. says the offering price of $9 per share or $509 million in cash is more than double its closing share price last Friday. The stock rose to $8.93 on Monday morning.
Xylem CEO Patrick Decker says Pure will help it provide cost-effective solutions to address worldwide concerns about aging water utility infrastructure.
Pure (TSX:PUR) has about 500 employees in corporate offices in Mississauga, Ont., and Columbia, Md., as well as regional offices in the United States, Mexico, Colombia, Australia and China. Most of its $126 million in revenue for the 12 months ended Sept. 30 was generated in North America.
Earlier this year, Xylem and Pure entered into a partnership in which Xylem represented Pure’s products and services in parts of the Middle East, India and Southeast Asia.
Xylem, which has 16,000 employees and annual revenue of US$3…
North American stocks quiet ahead of Fed interest rate update, loonie flat
– canadianbusiness.com
TORONTO _ It was a muted trading day on North American stock markets as indices on both sides of the border posted modest gains ahead of this week’s U.S. Federal Reserve meeting.
The S&P/TSX composite index was up 7.44 points to 16,103.51, with gains in base metal and energy stocks outweighing losses in the financial and gold sectors.
In New York, the Dow Jones industrial average advanced 56.87 points to 24,386.03 and the S&P 500 index added 8.49 points to 2,659.99 _ boosts large enough to take both indices into record territory. The Nasdaq composite index was up 35.00 points to 6,875.08.
Craig Fehr, a Canadian market strategist with Edward Jones in St. Louis, said it was a pretty quiet day for Bay Street and for Wall Street.
“Part of that’s probably a bit of a pause after the action that we saw last week which was pretty heavy with economic data,” he said.
“The other part of it is the markets are probably waiting to see what commentary comes from the U…
The S&P/TSX composite index was up 7.44 points to 16,103.51, with gains in base metal and energy stocks outweighing losses in the financial and gold sectors.
In New York, the Dow Jones industrial average advanced 56.87 points to 24,386.03 and the S&P 500 index added 8.49 points to 2,659.99 _ boosts large enough to take both indices into record territory. The Nasdaq composite index was up 35.00 points to 6,875.08.
Craig Fehr, a Canadian market strategist with Edward Jones in St. Louis, said it was a pretty quiet day for Bay Street and for Wall Street.
“Part of that’s probably a bit of a pause after the action that we saw last week which was pretty heavy with economic data,” he said.
“The other part of it is the markets are probably waiting to see what commentary comes from the U…
