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
After delays, House GOP moves forward to help Puerto Rico May 19th
WASHINGTON – After weeks of delays, House Republicans are moving forward with legislation to help Puerto Rico manage $70 billion in debt.
A revised bill introduced late Wednesday would create a control board to help manage the U.S. territory’s financial obligations and oversee some debt .... More »
The best RRSPs in Canada for 2024 + MORE Nov 13th
Why should you open a registered retirement savings plan (RRSP)? This account type is often described as “tax-advantaged,” meaning it offers a tax-efficient way for savers and investors to build wealth for the future, usually for retirement. To maximize its potential, it helps to know the differ.... More »
3.5 year - 2.30% + MORE Mar 25th
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online..... More »
For a child’s dreams, are parents going for gold, or broke? + MORE Aug 1st
The Olympics spark hope in many a child of going for the gold. But in financially supporting those dreams, some parents are going for broke.
For his 15-year old son’s travel hockey team, Tim Richmeier was spending about $5,000 a season: using his tax refunds, halting contributions to his 401(k.... More »
Profit growth set to return for Canadian companies + MORE Oct 24th
The consensus forecast for third-quarter earnings is for year-over-year profit growth of nearly 5 per cent for S&P/TSX companies
.... More »
Bonterra gets notice of possible CRA tax reassessment; could face bill of $25M
– canadianbusiness.com
CALGARY – Bonterra Energy Corp. (TSX:BNE) is facing a possible tax reassessment that could result in the oil and gas producer owing as much as $25 million.
Bonterra said Wednesday that it has been notified by the Canada Revenue Agency of the possible reassessment of taxation years since Nov. 18, 2008, when the company converted from an income trust to a corporation.
“If such reassessments are issued and maintained on appeal, Bonterra will owe total cash taxes of approximately $25 million for the five taxation years since the conversion,” the company said in a news release issued after markets closed.
The company said it remains of the opinion that, “after careful consideration and consultation at the time of the conversion, Bonterra’s subsequent tax returns were correct as filed.”
The company said if the proposed reassessments are issued “management will vigorously defend Bonterra’s tax-filing position.”
Meanwhile, Bonterra said the proposed reassessment will not affect its strategy going forward, nor the amount of its monthly dividend distributions…
Bonterra said Wednesday that it has been notified by the Canada Revenue Agency of the possible reassessment of taxation years since Nov. 18, 2008, when the company converted from an income trust to a corporation.
“If such reassessments are issued and maintained on appeal, Bonterra will owe total cash taxes of approximately $25 million for the five taxation years since the conversion,” the company said in a news release issued after markets closed.
The company said it remains of the opinion that, “after careful consideration and consultation at the time of the conversion, Bonterra’s subsequent tax returns were correct as filed.”
The company said if the proposed reassessments are issued “management will vigorously defend Bonterra’s tax-filing position.”
Meanwhile, Bonterra said the proposed reassessment will not affect its strategy going forward, nor the amount of its monthly dividend distributions…
October 2013 Dividend Income Update
– myownadvisor.ca
Welcome to my latest dividend income update (better late than never) for October 2013. For those of you new to these posts on my site, every month I discuss my approach to investing using dividend paying stocks and how reinvesting the dividends paid from the Canadian companies I own are helping me reach financial freedom. You can check out my previous dividend income update here.
Last month, my update included some investing advice from a sharp economist whose opinions on investing I value greatly. This investor holds a few stocks in his portfolio but in recent years he has started to transition his portfolio out of multiple stocks into a focused basket of diversified, low-cost Exchange Traded Funds (ETFs). I’ve hinted about my plans to do the same on this site and that transition will start to occur in 2014. I’m going to begin this transition because I believe I now own enough Canadian dividend paying stocks (about 30) for dividend income and going forward, it will be much easier to invest using a passive approach than an active approach across my portfolio…
Last month, my update included some investing advice from a sharp economist whose opinions on investing I value greatly. This investor holds a few stocks in his portfolio but in recent years he has started to transition his portfolio out of multiple stocks into a focused basket of diversified, low-cost Exchange Traded Funds (ETFs). I’ve hinted about my plans to do the same on this site and that transition will start to occur in 2014. I’m going to begin this transition because I believe I now own enough Canadian dividend paying stocks (about 30) for dividend income and going forward, it will be much easier to invest using a passive approach than an active approach across my portfolio…
Washington Post building sold to developer for $159 million, newspaper to rent space
– canadianbusiness.com
WASHINGTON – The longtime headquarters building of The Washington Post is being sold to a real estate development company for $159 million.
Graham Holdings Co. is the former parent of The Washington Post newspaper. The company announced a deal Wednesday to sell the downtown Washington building to Carr Properties. The sale is expected to close at the end of March 2014.
Graham Holdings spokeswoman Rima Calderon says the newspaper will continue to lease space in the building at least until September 2015. The newspaper is now owned by Amazon.com founder Jeffrey Bezos and will be looking for a new home.
The newly renamed Graham Holdings is the former Washington Post Co. owned by Donald Graham. It now owns education and media businesses, including Kaplan education services and TV broadcasting and cable outlets.
The post Washington Post building sold to developer for $159 million, newspaper to rent space appeared first on Canadian Business.
Graham Holdings Co. is the former parent of The Washington Post newspaper. The company announced a deal Wednesday to sell the downtown Washington building to Carr Properties. The sale is expected to close at the end of March 2014.
Graham Holdings spokeswoman Rima Calderon says the newspaper will continue to lease space in the building at least until September 2015. The newspaper is now owned by Amazon.com founder Jeffrey Bezos and will be looking for a new home.
The newly renamed Graham Holdings is the former Washington Post Co. owned by Donald Graham. It now owns education and media businesses, including Kaplan education services and TV broadcasting and cable outlets.
The post Washington Post building sold to developer for $159 million, newspaper to rent space appeared first on Canadian Business.
The Loonie will fall: Goldman Sachs
Researchers at the U.S. investment firm expect the Canadian dollar to hit 88 cents USD in 2014 as our trade deficit grows, according to media reports. That, coupled with the rebound in the U.S. economy, could lead investors to short the loonie in favour of the greenback.
Ottawa should consider end to CMHC mortgage insurance: IMF
The International Monetary Fund report suggested that the federal government get out of the business of mortgage insurance because it exposes the government and taxpayers to risk and might distort the lending market as a whole in favour of mortgages over entrepreneurship. The IMF also recommended that Canada’s central bank hold off raising interest rates until there are signs of solid household spending, exports and investment. The think tank projected modest economic growth of 2.25% for Canada next year.
Canada will ride U.S. coattails: Conference Board
Meanwhile, the Conference Board of Canada suggested Canada could see real GDP growth of 2…
Researchers at the U.S. investment firm expect the Canadian dollar to hit 88 cents USD in 2014 as our trade deficit grows, according to media reports. That, coupled with the rebound in the U.S. economy, could lead investors to short the loonie in favour of the greenback.
Ottawa should consider end to CMHC mortgage insurance: IMF
The International Monetary Fund report suggested that the federal government get out of the business of mortgage insurance because it exposes the government and taxpayers to risk and might distort the lending market as a whole in favour of mortgages over entrepreneurship. The IMF also recommended that Canada’s central bank hold off raising interest rates until there are signs of solid household spending, exports and investment. The think tank projected modest economic growth of 2.25% for Canada next year.
Canada will ride U.S. coattails: Conference Board
Meanwhile, the Conference Board of Canada suggested Canada could see real GDP growth of 2…
Canada ranks behind Mexico in auto investment, group warns
– theglobeandmail.com
A stark change in past decade and one factor is federal incentives that are taxed by Ottawa, report says
