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Is VFV a good buy? What about other U.S. ETFs with even lower fees? Sep 4th
With an average management expense ratio (MER) of 0.09% and collective assets under management (AUM) approaching $40 billion, exchange-traded funds like the Vanguard S&P 500 Index ETF (VFV), the BMO S&P 500 Index ETF (ZSP) and the iShares Core S&P 500 Index ETF (XUS) are some of the most.... More »
May 2017 Dividend Income Update + MORE Jun 6th
Save, invest, prosper with My Own Advisor.
May 2017 Dividend Income Update Welcome to my latest dividend income update. For those of you new to these posts on my site, every month I discuss my approach to investing using Canadian dividend paying stocks and Exchange Traded Funds (ETFs), and how rei.... More »
60 days - 1.75% + MORE Aug 24th
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online..... More »
6 simple ways to make your workplace equitable for women + MORE Mar 8th
A crowd gathers behind a statue titled “Fearless Girl” Wednesday, March 8, 2017, in New York. The statue was installed by an investment firm in honor of International Women’s Day. (AP Photo/Mark Lennihan)
On International Women’s Day, it’s easy to see why Canada—with.... More »
TSX falls to lowest point in 2 years as oil and other commodity prices keep sliding + MORE Sep 29th
Canada's benchmark stock index lost 2.8 per cent on another bleak day for commodities like oil, gold and copper..... More »
Credit Suisse faces threat of new U.S. tax probe
– theglobeandmail.com
Credit Suisse may face a new investigation of its role in helping wealthy Americans to avoid paying taxes, after New York state’s top financial regulator requested documents from the Swiss bank.
Fed gives banks 2 more years to ensure holdings of risky securities fit Volcker Rule
– canadianbusiness.com
WASHINGTON – The Federal Reserve is giving U.S. banks two more years to ensure their holdings of certain complex and risky securities don’t put them afoul of the new Volcker Rule.
The Fed’s move announced Monday didn’t give banks an outright exemption for the securities from the Volcker Rule’s ban on high-risk investments. Wall Street banks had sought an exemption and the leading Wall Street lobbying group expressed disappointment with the Fed’s move.
The Volcker Rule, adopted in December, is intended to limit banks’ riskiest trading bets that could implode at taxpayers’ expense. That kind of risk-taking on Wall Street helped trigger the 2008 financial crisis. Congress mandated the Volcker Rule in its financial overhaul law.
The Fed gave banks until July 2017 to “conform” their holdings of the collateralized loan obligations, which are mainly backed by commercial loans.
The Fed previously had given banks a one-year extension, to July 2015…
The Fed’s move announced Monday didn’t give banks an outright exemption for the securities from the Volcker Rule’s ban on high-risk investments. Wall Street banks had sought an exemption and the leading Wall Street lobbying group expressed disappointment with the Fed’s move.
The Volcker Rule, adopted in December, is intended to limit banks’ riskiest trading bets that could implode at taxpayers’ expense. That kind of risk-taking on Wall Street helped trigger the 2008 financial crisis. Congress mandated the Volcker Rule in its financial overhaul law.
The Fed gave banks until July 2017 to “conform” their holdings of the collateralized loan obligations, which are mainly backed by commercial loans.
The Fed previously had given banks a one-year extension, to July 2015…
Capital gains explained
– moneysense.ca
What is it?
You have a capital gain when you sell, or are considered to have sold, what the Canada Revenue Agency deems “capital property” (including securities in the form of shares and stocks as well as real estate) for more than you paid for it (the adjusted cost base) less any legitimate expenses associated with its sale.
How is it taxed?
Contrary to popular belief, capital gains are not taxed at your marginal tax rate. Only half (50%) of the capital gain on any given sale is taxed all at your marginal tax rate (which varies by province). On a capital gain of $50,000 for instance, only half of that, or $25,000, would be taxable. For a Canadian in a 35% tax bracket for example, a $25,000 taxable capital gain would result in $8,750 taxes owing. The remaining $41,250 is the investors’ to keep.
The CRA offers step-by-step instructions on how to calculate capital gains.
How to keep more of it for yourself
There are several ways to legally reduce, and in some cases avoid, capital gains tax…
You have a capital gain when you sell, or are considered to have sold, what the Canada Revenue Agency deems “capital property” (including securities in the form of shares and stocks as well as real estate) for more than you paid for it (the adjusted cost base) less any legitimate expenses associated with its sale.
How is it taxed?
Contrary to popular belief, capital gains are not taxed at your marginal tax rate. Only half (50%) of the capital gain on any given sale is taxed all at your marginal tax rate (which varies by province). On a capital gain of $50,000 for instance, only half of that, or $25,000, would be taxable. For a Canadian in a 35% tax bracket for example, a $25,000 taxable capital gain would result in $8,750 taxes owing. The remaining $41,250 is the investors’ to keep.
The CRA offers step-by-step instructions on how to calculate capital gains.
How to keep more of it for yourself
There are several ways to legally reduce, and in some cases avoid, capital gains tax…
Quebec business community breathes sigh of relief at Liberal majority win
– canadianbusiness.com
MONTREAL – Members of Quebec’s business community breathed a collective sigh of relief Monday, hopeful that a majority Liberal government will herald an era of stability marked by new investments, jobs and real estate activity in the province.
“I think the business community will be pleased,” said Yves-Thomas Dorval, president of the Quebec Employers Council.
“There was a question mark in the air and now a majority government will certainly provide a better, stable and foreseeable environment.”
Just 18 months after going down to defeat in 2012, Philippe Couillard’s Liberals scored a resounding win Monday, prompting Pauline Marois to quit as Parti Quebecois leader after she lost both her government and her seat in the legislature.
With nearly 99 per cent of polls reporting, the Liberals were elected or leading in 70 seats, compared with 30 for the PQ and 22 for the third-place Coalition for Quebec’s Future. The Liberals claimed 41.4 per cent of the vote to the PQ’s 25…
“I think the business community will be pleased,” said Yves-Thomas Dorval, president of the Quebec Employers Council.
“There was a question mark in the air and now a majority government will certainly provide a better, stable and foreseeable environment.”
Just 18 months after going down to defeat in 2012, Philippe Couillard’s Liberals scored a resounding win Monday, prompting Pauline Marois to quit as Parti Quebecois leader after she lost both her government and her seat in the legislature.
With nearly 99 per cent of polls reporting, the Liberals were elected or leading in 70 seats, compared with 30 for the PQ and 22 for the third-place Coalition for Quebec’s Future. The Liberals claimed 41.4 per cent of the vote to the PQ’s 25…
Japan central bank upbeat, keeps ultra-loose monetary intact after sales tax
– canadianbusiness.com
TOKYO – Japan’s central bank has refrained from expanding its ultra-loose monetary policy despite a sales tax hike, saying the economy is recovering moderately.
The Bank of Japan’s policy statement Tuesday was the first since an April 1 increase in the sales tax, to 8 per cent from 5 per cent, that is expected to stall economic growth in coming months as consumers adjust to higher costs.
The BOJ said inflation is likely to remain at about 1.25 per cent for some time, below its target of 2 per cent.
“Business sentiment has continued to improve, although some cautiousness about the outlook has been observed,” it said. There has been an uptick in corporate investment, the bank said.
Japanese policymakers are counting on expectations of higher prices in the future to drive consumer spending and eventually prompt companies to invest more and create more jobs. The central bank’s assessment of current economic trends is calibrated to support that approach.
The bank’s decision to stand pat was expected…
The Bank of Japan’s policy statement Tuesday was the first since an April 1 increase in the sales tax, to 8 per cent from 5 per cent, that is expected to stall economic growth in coming months as consumers adjust to higher costs.
The BOJ said inflation is likely to remain at about 1.25 per cent for some time, below its target of 2 per cent.
“Business sentiment has continued to improve, although some cautiousness about the outlook has been observed,” it said. There has been an uptick in corporate investment, the bank said.
Japanese policymakers are counting on expectations of higher prices in the future to drive consumer spending and eventually prompt companies to invest more and create more jobs. The central bank’s assessment of current economic trends is calibrated to support that approach.
The bank’s decision to stand pat was expected…
