How to go about securing the best return for your investment in Canada.
Latest News
Manulife cutting 700 jobs, consolidating Canadian operations Jun 21st
Manulife Financial Corp. said Thursday it plans to cut about 700 jobs in Canada over the next 18 months as it moves to digitize and combine some of its operations..... More »
TSX, US markets climb by one per cent - Waterloo Record + MORE Sep 16th
TSX, US markets climb by one per centWaterloo RecordTORONTO — Major North American stock markets climbed Thursday, boosted by weak U.S. retail sales data that traders took as a sign the Federal Reserve may delay raising interest rates. In Toronto, the S&P/TSX composite index racked up a three-.... More »
7 common crypto scams and how to avoid them Aug 10th
Cryptocurrency investing offers new and exciting opportunities, but it’s also rife with scams and tech-savvy con artists. And, as the money invested in crypto grows, so do the scams.
“Crypto investments are the top type of investment scams reported to CAFC (the Canadian Anti-Fraud Centre).”.... More »
Trudeau prepared to back up pipeline with new legislation, funding, say B.C., Alta premiers Apr 15th
Alberta Premier Rachel Notley says her government and the federal government have developed a financial plan that will ensure Kinder Morgan’s financial risk associated with the construction of the Trans Mountain pipeline is mitigated, paving the way for the pipeline to be built..... More »
Will GIC rates keep going up in 2024? + MORE Dec 22nd
As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict wit.... More »
Ontario Teachers weathers tough markets, posts 11.8% return in 2014
– theglobeandmail.com
Pension plan sees its assets grow to $154.5-billion, up from $140.8-billion at the end of 2013
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
Health of defined benefit pension plans hurt by falling interest rates
– canadianbusiness.com
TORONTO – Aon Hewitt says the health of Canadian defined benefit pension plans has continued to decline this year due to falling long-term interest rates that have driven up plan liabilities.
The consulting firm says the median solvency funded ratio of 449 plans included in its survey was 89 per cent at March 30, down two percentage points from the end of 2014 and six percentage points lower than a year ago.
The solvency funded ratio compares total assets to total pension liabilities in the event of plan termination.
Aon Hewitt said 18 per cent of the of surveyed plans were more than fully funded at the end of the first quarter.
Interest rates fell in the first quarter as 10-year bond yields dropped by about 40 basis points.
The drop was partly offset by gains made by U.S. and global stocks and to a lesser extent Canadian equities.
The post Health of defined benefit pension plans hurt by falling interest rates appeared first on Canadian Business.
The consulting firm says the median solvency funded ratio of 449 plans included in its survey was 89 per cent at March 30, down two percentage points from the end of 2014 and six percentage points lower than a year ago.
The solvency funded ratio compares total assets to total pension liabilities in the event of plan termination.
Aon Hewitt said 18 per cent of the of surveyed plans were more than fully funded at the end of the first quarter.
Interest rates fell in the first quarter as 10-year bond yields dropped by about 40 basis points.
The drop was partly offset by gains made by U.S. and global stocks and to a lesser extent Canadian equities.
The post Health of defined benefit pension plans hurt by falling interest rates appeared first on Canadian Business.
Claim the Family Tax Cut carefully
– moneysense.ca
Kids under 18 are expensive. But if you’re a couple with children, you can now transfer as much as $50,000 in income from the higher-earning spouse to the lower-earning spouse for up to $2,000 in tax savings every year. Just be mindful of your RRSP contributions, advises tax expert Evelyn Jacks. The amount you save with the Family Tax Cut depends on the difference in the taxable incomes between spouses. When the higher earning spouse makes an RRSP contribution, he or she is effectively reducing his or her taxable income (because the amount you contributed doesn’t count). That, in turn, could reduce the difference in your incomes, and therefore the amount you get from the Tax Cut, as the scenario below shows. Still, in most cases, you should make the RRSP contribution anyway.» How to get a bigger tax refund
Tax savings: Meet Marc and Deborah. They’re a married couple in Ontario earning taxable incomes of $68,000 and $24,000, respectively, with two children under the age of 18 living at home…
90 days – 1.80%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2015-03-28. Click on the link above to get more details or apply online.
