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What to do if you don’t trust the executor of a will + MORE May 6th
Q: We are five kids in the family and my sisters and I think my brother, who’s the executor of my parents’ will, will find a way to take everything. How can we protect ourselves?
—Trina
A: Trina, you think your parents’ estate executor may be “somewhat shady”? Is the executo.... More »
Can you use the FHSA and HBP together? + MORE Aug 15th
If you’ve been saving up to buy your first home, you’ve probably looked into the most effective ways to invest your money and come up with a solid down payment. You may also have explored programs for first-time home buyers—after all, every little bit helps, especially in a challenging housing.... More »
Most doctors took financial hit in 1st year of COVID, but top earners did just fine - CBC News Sep 1st
Most doctors took financial hit in 1st year of COVID, but top earners did just fine CBC NewsMore Money Being Offered to Doctors to Set Up Shop in NL VOCMSome of Canada's top-billing doctors received Canada Emergency Wage Subsidy CBC NewsSome of Canada's highest-paid .... More »
Estate planning considerations for single parents + MORE Nov 22nd
If you are a single parent, here are key questions you should consider:
1. Are your estate plan and related documents up to date? The death of a spouse or separation or divorce generally triggers a significant change in intentions on death. If you are widowed or if you no longer want your for.... More »
Inside Tangerine’s Global ETF Portfolios Jun 28th
Asset allocation ETFs were revolutionary when they appeared in 2018, but they were hardly the first products that allowed Canadian investors to own a diversified index portfolio with a single fund. Way back in 2008, the online bank ING Direct launched what they called the Streetwise Funds. Like the .... More »
Bombardier says it’s close to hammering out a financing deal with the federal government even as the transportation giant forecasts strong earnings growth in next year and enough cash to achieve to its turnaround plan.
Homes aren’t a foolproof financial plan
– theglobeandmail.com
Tying your personal wealth to housing alone is as risky as relying on a single stock
Wal Mart program: Stash cash in savings account, win prizes
– canadianbusiness.com
NEW YORK _ Wal-Mart has a new program that offers prizes as incentives to get its legion of shoppers to sock away money in saving accounts.
The “Prize Savings” program features Wal-Mart’s branded reloadable pre-paid debit cards, which are linked to a free savings “vault.” Savers are given one entry into a monthly prize drawing for every dollar they stash in the vault.
The sweepstakes will award 500 cash prizes every month, with the average prize being about $25. The monthly sweepstakes includes one $1,000 grand prize.
Wal-Mart says the program, launched in without fanfare in August, is the first national and retail prize-linked savings program. It’s also a way to encourage saving by its low-income shoppers, many of whom might not have enough saved to cover even the smallest emergencies, like fixing a flat tire.
The move underscores how the world’s largest retailer is expanding its financial services, which already includes check cashing and money transfers…
The “Prize Savings” program features Wal-Mart’s branded reloadable pre-paid debit cards, which are linked to a free savings “vault.” Savers are given one entry into a monthly prize drawing for every dollar they stash in the vault.
The sweepstakes will award 500 cash prizes every month, with the average prize being about $25. The monthly sweepstakes includes one $1,000 grand prize.
Wal-Mart says the program, launched in without fanfare in August, is the first national and retail prize-linked savings program. It’s also a way to encourage saving by its low-income shoppers, many of whom might not have enough saved to cover even the smallest emergencies, like fixing a flat tire.
The move underscores how the world’s largest retailer is expanding its financial services, which already includes check cashing and money transfers…
Rise of non-bank lenders poses risk: BoC
– theglobeandmail.com
Central bank warns that growth of alternative mortgage business increases vulnerability in event of real estate correction
CREA expects home sales to dip in 2017
– canoe.ca
The Canadian Real Estate Association is predicting home sales will dip by about 3.3% next year as deteriorating affordability, a shortage of supply and new mortgage rules slow the red-hot Toronto and Vancouver markets.
