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What type of insurance does a home-based business need? + MORE May 25th
Q. I am starting up a small business where I will manufacture, market and sell my own products online. I will use a room in my home as an office. What type of insurance do I need?
–Paul
A. Hi Paul. An insurance policy protects you against defined risks. Although I haven’t seen your home insuranc.... More »
How financial journalists plan their own retirement + MORE Aug 13th
It’s an occupational hazard of personal finance (PF) journalism that the writers’ lives are an open book. Anyone reading Retired Money knows my age and that I recently had to convert my RRSP into a RRIF. And I’m not alone: this summer has seen the retirement of some long-time PF columnists, no.... More »
'Stay home,' urges widow of 51-year-old Ontario man who died of COVID-19 - CTV News + MORE Mar 20th
'Stay home,' urges widow of 51-year-old Ontario man who died of COVID-19 CTV News5 Financial Relief Measures For Canadians Impacted By COVID 19 HuffPost CanadaSecond COVID-19-related death in Ontario believed to be linked to 'local transmission' CTV NewsCoronavirus: .... More »
Ages 13 to 17: Teaching teens to budget + MORE Aug 24th
It happens so fast you could miss it. But in their teens, kids need to start moving from thinking about money in small amounts (weekly) to larger amounts (monthly). “They should start getting more money for longer periods of time, but now they also need to start taking personal responsibility for .... More »
CMHC expects housing starts and sales to slide over next 2 years Nov 6th
Canada Mortgage and Housing Corp. says the country's real estate market is expected to moderate over the next two years, as the increase in housing prices is expected to slow to more in line with economic fundamentals..... More »
Bank of Canada holds rate as it points to stronger growth, persistent risks
– canadianbusiness.com
The Bank of Canada held its trendsetting interest rate unchanged on Wednesday, despite a recent run of stronger-than-expected data, saying it believes the economy has yet to show it can stick to the higher growth trajectory.
In holding the rate at 0.5 per cent, the central bank said it also considered significant uncertainties still weighing on its outlook, including the potentially adverse impacts of the U.S. economic agenda.
Canadian growth exceeded the bank’s expectations and it now predicts real gross domestic product will expand at an annual rate of 2.6 per cent in 2017 _ up from its January forecast of 2.1 per cent.
The recent improvement, it said, was largely fuelled by unexpectedly robust residential investment as well as temporary factors such as the resumption of expenditures in the energy sector and the consumer-spending lift from bigger child-benefit cheques.
However, the bank noted export growth was uneven and that there were signs of weakness in areas like business investment and within underlying employment indicators such as hours worked and wages…
In holding the rate at 0.5 per cent, the central bank said it also considered significant uncertainties still weighing on its outlook, including the potentially adverse impacts of the U.S. economic agenda.
Canadian growth exceeded the bank’s expectations and it now predicts real gross domestic product will expand at an annual rate of 2.6 per cent in 2017 _ up from its January forecast of 2.1 per cent.
The recent improvement, it said, was largely fuelled by unexpectedly robust residential investment as well as temporary factors such as the resumption of expenditures in the energy sector and the consumer-spending lift from bigger child-benefit cheques.
However, the bank noted export growth was uneven and that there were signs of weakness in areas like business investment and within underlying employment indicators such as hours worked and wages…
Maximize income splitting—years before you retire
– moneysense.ca
Q: I am 38 years old with $98,000 in my RRSP and I will have a defined benefit pension when I retire from my current employment. My current annual income is approximately $90,000.
My wife is 33 years old with $20,000 in her RRSP and is self-employed, therefore she has no pension plan other than her own savings. Her current annual income is approximately $35,000.
We are currently both contributing $100 monthly to our respective RRSP but I am thinking to move both contributions to a spousal RRSP in my wife’s name in order to maximize income splitting when we retire.
Does this look like a good strategy and how would this affect required Home Buyer’s Plan repayments? I have a minimum repayment of $686 and my wife’s is $310.
—Simon
A: Retirement planning is an important exercise, whether you’re in your 70s or your 30s. There are different strategies to employ depending on your age and at your age, Simon, the keys are how much to save and where to save it. Setting targets early can help you determine how much you can spend on other things like a home, travel and double-doubles…
BoC holds interest rate as it points to growth, risks
– moneysense.ca
OTTAWA —The Bank of Canada held its trendsetting interest rate unchanged on Wednesday, despite a recent run of stronger-than-expected data, saying it believes the economy has yet
to show it can stick to the higher growth trajectory.
In holding the rate at 0.5 per cent, the central bank said it also considered significant uncertainties still weighing on its outlook, including the potentially adverse impacts of the U.S. economic agenda.
Canadian growth exceeded the bank’s expectations and it now predicts real gross domestic product will expand at an annual rate of 2.6 per cent in 2017 —up from its January forecast of 2.1 per cent.
The recent improvement, it said, was largely fuelled by unexpectedly robust residential investment as well as temporary factors such as the resumption of expenditures in the energy sector and the consumer-spending lift from bigger child-benefit cheques.
to show it can stick to the higher growth trajectory.
In holding the rate at 0.5 per cent, the central bank said it also considered significant uncertainties still weighing on its outlook, including the potentially adverse impacts of the U.S. economic agenda.
Canadian growth exceeded the bank’s expectations and it now predicts real gross domestic product will expand at an annual rate of 2.6 per cent in 2017 —up from its January forecast of 2.1 per cent.
The recent improvement, it said, was largely fuelled by unexpectedly robust residential investment as well as temporary factors such as the resumption of expenditures in the energy sector and the consumer-spending lift from bigger child-benefit cheques.
Where to Buy Canadian Real Estate 2017
However, the bank noted export growth was uneven and that there were signs of weakness in areas like business investment and within underlying employment indicators such as hours worked and wages…
The Globe and MailAt midday: TSX falls as BlackBerry jumps to 1-year highThe Globe and MailCanada's main stock index slipped in morning trade on Wednesday, as losses for its heavyweight financial and natural resource sectors offset a sharp boost in BlackBerry Ltd shares after it won an arbitration ruling against chipmaker Qualcomm Inc.BlackBerry wins US$815-million arbitration decision in Qualcomm disputeToronto SunBlackBerry Press Room – Official News, Events & Product Releases – United StatesBlackBerryArbitration Panel Awards Refund to BlackBerryPR Newswireall 114 news articles »
Bank of Canada leaves interest rate unchanged
– macleans.ca
The Bank of Canada marker is pictured in Ottawa on September 6, 2011. (THE CANADIAN PRESS/Sean Kilpatrick)OTTAWA – The Bank of Canada is leaving its trend-setting interest rate unchanged because, despite a recent run of stronger-than-expected data, it believes the economy has yet to show it can stick to the higher growth trajectory.
In holding the rate Wednesday at 0.5 per cent, the central bank said it also considered significant uncertainties still weighing on its outlook, including the unknown yet potentially adverse impacts of the U.S. economic agenda.
RELATED: Stephen Poloz: ‘No one wins a trade war. Everybody loses.’
Canadian growth exceeded the bank’s expectations and it now predicts real gross domestic product will expand at an annual rate of 2.6 per cent in 2017 – up from its January forecast of 2.1 per cent.
The recent improvement, it said, was largely fuelled by unexpectedly robust residential investment as well as temporary factors such as the resumption of expenditures in the energy sector and the consumer-spending lift from bigger child-benefit cheques…
