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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Pension fund manager OMERS earns 11.5 per cent return after all expenses in 2017 + MORE Feb 24th
TORONTO _ Pension fund manager OMERS earned an investment return of 11.5 per cent after all expenses last year, topping the 10.3 per cent result it posted in 2016.
The defined-benefit pension plan for Ontario’s municipal employees said all of its major asset classes performed well for the year.... More »
Quebec to cut taxes for small, medium sized businesses in next budget: Couillard + MORE Jan 26th
SHANGHAI _ The Quebec Liberals are planning to cut taxes for small- and medium-sized businesses in the next provincial budget, Premier Philippe Couillard said Thursday.
He told reporters accompanying him on a trade mission to China that those businesses find themselves under increased pressure due t.... More »
ITT Tech shutters all campuses after federal aid sanctions + MORE Sep 6th
The for-profit college chain ITT Technical Institute is shutting down all 130 of its U.S. campuses, saying Tuesday it can’t survive recent sanctions by the U.S. Department of Education.
In a letter to more than 35,000 students, the Indiana-based parent company ITT Educational Services announce.... More »
Stock options to be taxed more like regular income under new federal budget + MORE Mar 20th
Executives at big established companies who get paid with large stock grants will owe more in tax under changes promised in the new federal budget..... More »
When to watch out for OAS clawbacks Mar 14th
Beware of the clawback!(Shutterstock)
Q: I have been trying to find out how much extra income a person can earn without having to report the income while drawing OAS and CPP.
I have tried looking this up online, but every site I have been to wants to charge me just to get the answer or does not answ.... More »
The average price of a Canadian resale home rose 9.5 per cent in the 12 months ending in April and now stands at $448,862, according to the Canadian Real Estate Association.
This article first appeared at MoneySense.
Critics denounced the passing of the Anti-Terrorism Act in the House of Commons last week, saying the legislation will impede on Canadians’ freedom of expression and religion. With all the uproar, a key change in the Income Tax Act went largely unnoticed.
Under Bill C-51, the Canada Revenue Agency (CRA) has been given permission to share your income tax filings with 13 additional government agencies.
Experts say this could render your personal financial information less secure than it already is in today’s electronic age.
Until now, the CRA has only had permission to share this information with three other agencies (CSIS, RCMP and FINTRAC) and only under very specific conditions. That list has grown to 16 in total and now includes Canada Border Services, the Canadian Armed Forces and Citizenship and Immigration among others.
The more people that have access to taxpayer information under Bill C-51, the higher the risk of leaks, hacks and other foul play, according to Avner Levin, the director of Ryerson University’s Privacy Institute…
How the Dow Jones industrial average and other major indexes fared on Friday
– canadianbusiness.com
U.S. stock indexes closed mostly higher Friday, pushing the Standard & Poor’s 500 index its second straight record close. Major indexes wavered between small gains and losses through much of the day as investors weighed new economic data and corporate earnings news.
On Friday:
The Dow rose 20.32 points, or 0.1 per cent, to 18,272.56.
The S&P 500 index gained 1.63 points, or 0.1 per cent, to 2,122.73.
The Nasdaq composite fell 2.50 points, or 0.1 per cent, to 5,048.29.
For the week:
The Dow is up 81.45 points, or 0.5 per cent.
The S&P 500 index is up 6.63 points, or 0.3 per cent.
The Nasdaq is up 44.74 points, or 0.9 per cent.
For the year:
The Dow is up 449.49 points, or 2.5 per cent.
The S&P 500 index is up 63.83 points, or 3.1 per cent.
The Nasdaq is up 312.24 points, or 6.6 per cent.
The post How the Dow Jones industrial average and other major indexes fared on Friday appeared first on Canadian Business – Your Source For Business News.
On Friday:
The Dow rose 20.32 points, or 0.1 per cent, to 18,272.56.
The S&P 500 index gained 1.63 points, or 0.1 per cent, to 2,122.73.
The Nasdaq composite fell 2.50 points, or 0.1 per cent, to 5,048.29.
For the week:
The Dow is up 81.45 points, or 0.5 per cent.
The S&P 500 index is up 6.63 points, or 0.3 per cent.
The Nasdaq is up 44.74 points, or 0.9 per cent.
For the year:
The Dow is up 449.49 points, or 2.5 per cent.
The S&P 500 index is up 63.83 points, or 3.1 per cent.
The Nasdaq is up 312.24 points, or 6.6 per cent.
The post How the Dow Jones industrial average and other major indexes fared on Friday appeared first on Canadian Business – Your Source For Business News.
Payday loans: What are the alternatives?
– theglobeandmail.com
Critics of high-cost payday loans say many people have no borrowing options from mainstream financial institutions to get quick loans in small amounts, so they turn to payday lenders as their only practical alternative. But a range of diverse …
CPPIB investing more than $1B in Germany real estate joint venture
– canadianbusiness.com
TORONTO – The Canada Pension Plan Investment Board is growing its German real estate platform by investing 394 million euros (C$542 million) for a 46.1 per cent interest in German shopping centre operator mfi AG.
The CPPIB, the investment arm of the Canada Pension Plan, said that under its deal with joint venture partner Unibail-Rodamco, it will also invest an additional 366 million euros (C$503 million) in support of mfi’s financing strategies.
Unibail-Rodamco, the second-largest retail real estate investment trust in the world and the largest in Europe, is already a joint venture partner of the CPPIB through the CentrO Shopping Centre in Germany.
“This agreement allows CPPIB to build on our existing relationship with Unibail-Rodamco,” Andrea Orlandi, CPPIB managing director and head of Real Estate Investments Europe, said in a statement announcing the deal.
“As a long-term investor, this transaction provides us with the unique opportunity to achieve immediate scale in the retail sector in Europe’s largest economy…
The CPPIB, the investment arm of the Canada Pension Plan, said that under its deal with joint venture partner Unibail-Rodamco, it will also invest an additional 366 million euros (C$503 million) in support of mfi’s financing strategies.
Unibail-Rodamco, the second-largest retail real estate investment trust in the world and the largest in Europe, is already a joint venture partner of the CPPIB through the CentrO Shopping Centre in Germany.
“This agreement allows CPPIB to build on our existing relationship with Unibail-Rodamco,” Andrea Orlandi, CPPIB managing director and head of Real Estate Investments Europe, said in a statement announcing the deal.
“As a long-term investor, this transaction provides us with the unique opportunity to achieve immediate scale in the retail sector in Europe’s largest economy…
