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Moving money from RRSPs, RRIFs and TFSAs in retirement Jan 13th
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My husband and I are retired with $200,000 in our TFSAs, $230,000 in our RRSPs and RRIFs, and we have an emergency fund. Our household income is $85,000 a year.
My husband may need nursing home care at some point, so I have been moving assets from the RRSPs to our TFSAs for flexibi.... More »
Allegations Donald Trump was given millions by dad through tax dodges - 9news.com.au + MORE Oct 3rd
9news.com.auAllegations Donald Trump was given millions by dad through tax dodges9news.com.auUS President Donald Trump received at least USD$413 million ($576 million) from his father over the decades, much of that through dubious tax dodges, including outright fraud, according to a media report. Th.... More »
PSP charts ambitious investment course with European hub + MORE May 10th
Pension fund announces opening of new London office as it ramps up plans for international expansion
.... More »
Stock news for investors: Laurentian bank and BRP Jun 5th
Here’s a round-up of news for Canadian investors this week.
Laurentian bank
BRP Inc
Featured RRSP Accounts
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EQ Bank
Build your retirement savings with 2.00% interest, tax.... More »
Weekend Reading – New mortgage rules, Nortel saga, fat RRSPs, train your brain and #GoJays + MORE Oct 14th
Learn, save, invest and prosper with My Own Advisor.
Welcome to my latest Weekend Reading edition. Earlier this week I interviewed the CEO of ModernAdvisor Navid Boostani, who provided some insight how Robo Advisors can help you train your investing brain.
I then went on to write about how you sho.... More »
The Toronto Stock Exchange fell flat Tuesday, as crude oil retreated from its highest level in more than a year and Wall Street slid on disappointing corporate news that put a damper to the start of earnings season.
Closed US restaurants, damaged homes: Matthew may cost $10B
– canadianbusiness.com
Hurricane Matthew impaired or destroyed more than 1 million structures, forced businesses from Florida to North Carolina to close and put thousands temporarily out of work.
Goldman Sachs estimates the storm probably caused $10 billion in damage overall. Insurance companies will likely be liable for about $4 billion to $6 billion of that total, according to an estimate Saturday by CoreLogic, a real estate data provider.
In many affected areas, small-business owners were still assessing the damage, but figures suggest Matthew’s effect on the broader national economy will be minimal.
Though damage estimates are usually revised higher after more comprehensive assessments, the current figures would still make Matthew the 22nd-worst storm since World War II.
The post Closed US restaurants, damaged homes: Matthew may cost $10B appeared first on Canadian Business – Your Source For Business News.
Goldman Sachs estimates the storm probably caused $10 billion in damage overall. Insurance companies will likely be liable for about $4 billion to $6 billion of that total, according to an estimate Saturday by CoreLogic, a real estate data provider.
In many affected areas, small-business owners were still assessing the damage, but figures suggest Matthew’s effect on the broader national economy will be minimal.
Though damage estimates are usually revised higher after more comprehensive assessments, the current figures would still make Matthew the 22nd-worst storm since World War II.
The post Closed US restaurants, damaged homes: Matthew may cost $10B appeared first on Canadian Business – Your Source For Business News.
Clinton proposes closing real estate loophole, not Trump
– canadianbusiness.com
SANTA FE, N.M. – Donald Trump’s wealth has helped define the 2016 presidential race and it is also shaping the campaign’s tax debate.
Trump contends he has the expertise to fix the tax code and close loopholes like the ones that may have let him go nearly two decades without paying federal income taxes. Hillary Clinton, he said in the last debate, won’t. “She complains that Donald Trump took advantage of the tax code,” Trump said. “Well, why didn’t she change it?”
But Clinton now is proposing changes to the tax code that would bite into the developer-turned-presidential candidate’s bottom line and that of his family, including limiting one provision that many in Trump’s industry use. Trump, meanwhile, is proposing changes that would benefit wealthy families like his — as well as the Clintons.
A new analysis from the Urban-Brookings Tax Policy Center found that Clinton would dramatically raise taxes for the wealthy — the average member of the top 0…
Trump contends he has the expertise to fix the tax code and close loopholes like the ones that may have let him go nearly two decades without paying federal income taxes. Hillary Clinton, he said in the last debate, won’t. “She complains that Donald Trump took advantage of the tax code,” Trump said. “Well, why didn’t she change it?”
But Clinton now is proposing changes to the tax code that would bite into the developer-turned-presidential candidate’s bottom line and that of his family, including limiting one provision that many in Trump’s industry use. Trump, meanwhile, is proposing changes that would benefit wealthy families like his — as well as the Clintons.
A new analysis from the Urban-Brookings Tax Policy Center found that Clinton would dramatically raise taxes for the wealthy — the average member of the top 0…
Ericsson shares plummet after it warns on profit and outlook
– canadianbusiness.com
STOCKHOLM – Mobile networks company Ericsson saw its share price plummet by almost a fifth on Wednesday after saying that its third quarter earnings this year will be “significantly lower” than expectations and it predicts no improvement anytime soon.
The Swedish company said its sales fell 14 per cent in the period compared to a year earlier due to weaker demand for broadband networks.
Ericsson CEO Jan Frykhammar says “current trends are expected to continue short-term.” He said that the Stockholm-based company “will continue to drive the ongoing cost program and implement further reductions in cost of sales to meet the lower sales volumes.”
After the announcement, Ericsson shares were down nearly 17 per cent to 51.40 kronor in early Stockholm trading.
Last week, Ericsson announced 3,000 job cuts in Sweden, or nearly 20 per cent of its local workforce, and said it will downsize operations at several plants as part of its global plan to cut costs by 9 billion kronor ($1 billion) in 2017…
The Swedish company said its sales fell 14 per cent in the period compared to a year earlier due to weaker demand for broadband networks.
Ericsson CEO Jan Frykhammar says “current trends are expected to continue short-term.” He said that the Stockholm-based company “will continue to drive the ongoing cost program and implement further reductions in cost of sales to meet the lower sales volumes.”
After the announcement, Ericsson shares were down nearly 17 per cent to 51.40 kronor in early Stockholm trading.
Last week, Ericsson announced 3,000 job cuts in Sweden, or nearly 20 per cent of its local workforce, and said it will downsize operations at several plants as part of its global plan to cut costs by 9 billion kronor ($1 billion) in 2017…
Global stocks dip taking cue from Wall Street, doubts on oil
– canadianbusiness.com
TOKYO – Global markets fell Wednesday, after a dismal day on Wall Street marked by disappointing earnings news and lingering doubts about the direction of oil prices.
KEEPING SCORE: France’s CAC 40 slipped 0.4 per cent to 4,452.86 in early trading, and Germany’s DAX fell 0.1 per cent to 10,563.61. Britain’s FTSE 100 was down 0.5 per cent at 7,034.92. U.S. shares were also set to drift lower with Dow futures down 0.1 per cent to 18,044. S&P 500 futures slipped 0.2 per cent to 2,131,20.
THE QUOTE: “After resisting the sell-off in bonds and rising yields for nearly two weeks, U.S. equity markets finally bowed to pressure last night, dropping below the recent trading range,” Ric Spooner, chief market analyst for CMC Markets, said in a commentary. “Stock markets are becoming nervous about the prospect of rising interest rates against a background of moderate profit growth and relatively high valuations, particularly in the U.S.”
SAMSUNG ELECTRONICS: Shares in Samsung, which plunged 8 per cent the day before, lost 0…
KEEPING SCORE: France’s CAC 40 slipped 0.4 per cent to 4,452.86 in early trading, and Germany’s DAX fell 0.1 per cent to 10,563.61. Britain’s FTSE 100 was down 0.5 per cent at 7,034.92. U.S. shares were also set to drift lower with Dow futures down 0.1 per cent to 18,044. S&P 500 futures slipped 0.2 per cent to 2,131,20.
THE QUOTE: “After resisting the sell-off in bonds and rising yields for nearly two weeks, U.S. equity markets finally bowed to pressure last night, dropping below the recent trading range,” Ric Spooner, chief market analyst for CMC Markets, said in a commentary. “Stock markets are becoming nervous about the prospect of rising interest rates against a background of moderate profit growth and relatively high valuations, particularly in the U.S.”
SAMSUNG ELECTRONICS: Shares in Samsung, which plunged 8 per cent the day before, lost 0…
