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Latest News
What’s my RRSP contribution limit for 2020? Dec 30th
If you’re like many Canadians, you’re hoping you’ve paid enough tax in 2020 and may even be looking forward to a hefty tax refund. You can help ensure that happens by knowing the details of your Registered Retirement Savings Plan (RRSP), what sets them apart, your contribution limit and a whol.... More »
Shares in two major cannabis companies halted on TSX + MORE May 3rd
Shares in two of Canada's three largest cannabis companies were halted on the Toronto Stock Exchange on Thursday..... More »
Air Canada Rouge to offer flights to Gatwick + MORE Jun 26th
i stock
MONTREAL – Air Canada and WestJet are taking their domestic rivalry to London with both companies now adding flights to Gatwick Airport next year.
The country’s largest carrier, which already flies to Heathrow Airport from eight Canadian cities, announced Thursday it will add flights fro.... More »
Which savings plans should a 37-year-old with a military disability income contribute to, and when? Jul 28th
Q. I am 37 with a military disability income that will pay monthly until I die. Could you give your advice on which savings plans I should be investing in, and the order in which I should make my investments?
To date, I contribute to my and my spouse’s registered disability savings plan (RDSP), th.... More »
Toronto stock index crawls higher as shares in Bombardier soar after Airbus deal + MORE Oct 17th
TORONTO – Canada’s main stock index eked out a minor gain today, as shares of Bombardier Inc. soared following its CSeries deal with Airbus.
Shares in Bombardier (TSX:BBD.B) were the most heavily traded stock on the Toronto Stock Exchange as they gained nearly 16 per cent or 37 cents at .... More »
Canadian stock market retreats amid resources slump – Shanghai Daily (subscription)
– news.google.ca
CBC.caCanadian stock market retreats amid resources slumpShanghai Daily (subscription)TORONTO, Dec. 22 (Xinhua) — Canada's main stock market retreated Monday from a solid rally last week, as sharp selloffs in resource shares, triggered by oil and gold slump, weighed on investor sentiment ahead of the Christmas break. Toronto Stock …CANADA STOCKS-TSX edges lower as oil slip hurts energy companiesReutersToronto Stocks Close LowerWall Street JournalCanada Stocks Drop as Commodity Producers Tumble With OilBloombergLethbridge Heraldall 72 news articles »
The FDIC's Bank Holding Company Heist
– online.wsj.com
Recapitalizing a failing subsidiary bank with the assets of the parent firm is contrary to law.Year End Financial Housekeeping
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
The marketing campaigns are in full swing and people at work are becoming more edgy by the day. Yup, it’s Christmas time again!
Kidding aside this is a great time of year and I’m looking forward to the holidays with family. Christmas signals the end of some old and the birth of something new. It’s also a great time of year to address some year end tax issues, give to charity and revisit some financial stuff before it’s too late. Here are some year end financial housekeeping tips based on what we’ve done.
Realize capital losses – I sold one investment earlier this year because I wanted to offset some capital gains. Regarding the capital gains, I contributed some investments “in-kind” to my TFSA in 2014. When I did that those investments were considered sold for market value and subject to any capital gains as part of this tax year. Selling losers can be a good tax management strategy, it can make great sense if you reported capital gains on your 2013, 2012 or 2011 tax returns since you can carry back losses up to three years to offset capital gains…
The marketing campaigns are in full swing and people at work are becoming more edgy by the day. Yup, it’s Christmas time again!
Kidding aside this is a great time of year and I’m looking forward to the holidays with family. Christmas signals the end of some old and the birth of something new. It’s also a great time of year to address some year end tax issues, give to charity and revisit some financial stuff before it’s too late. Here are some year end financial housekeeping tips based on what we’ve done.
Realize capital losses – I sold one investment earlier this year because I wanted to offset some capital gains. Regarding the capital gains, I contributed some investments “in-kind” to my TFSA in 2014. When I did that those investments were considered sold for market value and subject to any capital gains as part of this tax year. Selling losers can be a good tax management strategy, it can make great sense if you reported capital gains on your 2013, 2012 or 2011 tax returns since you can carry back losses up to three years to offset capital gains…
Goldman Sachs sells controversial metals business to Swiss investment firm Reuben Brothers
– canadianbusiness.com
NEW YORK, N.Y. – Goldman Sachs says it has sold Metro International Trade Services, a metals storage business that drew lawsuits and congressional scrutiny.
The buyer is a unit of Switzerland-based investment firm Reuben Brothers. Goldman did not say what the deal’s value was. Reuben Brothers did not immediately respond to emails seeking details.
Wall Street banks have faced scrutiny for their involvement in businesses that store and transport commodities.
A Senate report in November found that Goldman Sachs Group Inc. used its stockpile of aluminum, held in warehouses near Detroit, to cause delivery delays that created shortages and inflated the metal’s price. The report said that raised prices for beverage makers and consumers.
New York-based Goldman has said that there has been no aluminum shortage and prices have fallen substantially since 2008.
The post Goldman Sachs sells controversial metals business to Swiss investment firm Reuben Brothers appeared first on Canadian Business.
The buyer is a unit of Switzerland-based investment firm Reuben Brothers. Goldman did not say what the deal’s value was. Reuben Brothers did not immediately respond to emails seeking details.
Wall Street banks have faced scrutiny for their involvement in businesses that store and transport commodities.
A Senate report in November found that Goldman Sachs Group Inc. used its stockpile of aluminum, held in warehouses near Detroit, to cause delivery delays that created shortages and inflated the metal’s price. The report said that raised prices for beverage makers and consumers.
New York-based Goldman has said that there has been no aluminum shortage and prices have fallen substantially since 2008.
The post Goldman Sachs sells controversial metals business to Swiss investment firm Reuben Brothers appeared first on Canadian Business.
Encana sells Western Canadian Montney assets to Veresen and KKR
– theglobeandmail.com
Companies agree to invest up to $5-billion to support future production in Montney formation
