How to go about securing the best return for your investment in Canada.
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How the Liberals’ re-election impacts RRIFs, taxes and more May 6th
The Liberals held on to power in the recent federal election, and this has tax implications for Canada’s seniors and other taxpayers—in particular, for retirees and their strategies for their registered retirement income fund (RRIF) this year and possibly in the future.
Reduced RRIF minimum w.... More »
Iran conflict latest: IEA warns of "very severe" oil crisis sparked by war - Investing.com + MORE Mar 23rd
Iran conflict latest: IEA warns of "very severe" oil crisis sparked by war Investing.comMore than 40 Middle East energy assets ‘severely damaged,’ IEA chief says CNBCIran war energy crisis equal to 70s twin oil shocks and Ukraine invasion fallout, says IEA chief | First Thi.... More »
$70B Anglo-Teck merger faces Ottawa review, shareholders react positively + MORE Sep 10th
In what’s shaping up to be the world’s biggest mining deal of the past decade, Teck Resources Ltd. has agreed to a tie-up with London-headquartered Anglo American PLC to create a copper-focused giant worth about $70 billion.
The companies have proposed the deal as a “merger of equal.... More »
China Evergrande Debt Restructuring Looms - Bloomberg Markets and Finance Dec 6th
China Evergrande Debt Restructuring Looms Bloomberg Markets and FinanceChinese developer misses major bond repayment of $179 million Bangkok PostEvergrande Moves Toward Restructuring as Debt Deadlines Loom Yahoo Canada FinanceChina Evergrande shares hit 11-year low a.... More »
Financing Basics for First Time Rental Property Owners Nov 5th
Investing in real estate can be a profitable venture for many investors, assuming the capital can be raised to purchase a rental property. If you think real estate investing is the right choice for you, but financing your property is preventing you from jumping in, here are a few options to help you.... More »
Q. I have been retired and living in the Philippines since 2009. I file my taxes as a non-resident of Canada. I have an RRSP, a LIRA, as well as a non-registered account with a major Canadian bank. My world income is 100% from Canada consisting of CPP, systematic withdrawals from retirement savings, and OAS to follow when I reach 65 next year. When monies are withdrawn the bank retains a 25% holdback for taxes. When I file my non-resident taxes I get a partial refund as my withdrawals to date have been minimal hence my tax rate has been less than 25%.
My question has to do with taxes being withheld from dividends earned from both my registered and non-registered stocks. The bank also deducts a withholding tax from dividends as they are paid out. I do not receive an information slip for taxes withheld from dividends. These dividend-paying funds were purchased when living and working in Canada during my long career. They are primarily held in U.S. funds. Why am I being taxed on these dividends without receiving an information slip?
Thank you in advance, Gregor
A…
Canada’s Best Balance Transfer Credit Cards 2019
– moneysense.ca
Are you longing to be debt-free but struggling with high-interest cards? Then a balance transfer credit card, which allows you to move the balance off of some or all of your credit cards over to this new card at a super low-interest rate if you sign up (sometimes even as low as 0%) can be a good strategy for you. Just keep in mind that these great low rates are limited and when that period ends—often six month only—the rates will go back up.The best balance transfer credit cards in Canada 2019
MBNA True Line Mastercard — 0% promo interest rate (additional fees may apply)
MBNA True Line Gold Mastercard — 0% promo interest rate (additional fees may apply)
Scotiabank Value Visa — 0.99% promo interest rate
PC Financial World Elite MasterCard – Honorable mention
More on the best credits cards – View a complete list of top cards by category
Our methodology – For greater insight into our rankings
MBNA True Line MasterCard*
Free: No annual fee
Balance transfer offer: No annual interest on balance transfer fees for the first 6 months (1% fee also applies)…
Canada’s big banks feel the pain from the stock market’s swoon Financial PostTD misses profit estimates by wide margin, raises dividend BNNBloomberg.caFirst-quarter earnings for CIBC, TD fall short amid market volatility, loyalty program charge The Globe and MailCredit quality is deteriorating in Canada, and banks are feeling the impact Financial PostCIBC hikes dividend despite 11 per cent profit drop CBC.caView full coverage on Google News
The Canadian Imperial Bank of Commerce hiked its dividend as it reported its first-quarter profit fell 11 per cent to $1.18 billion, missing expectations.
