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.
Latest News
What to do with a rental property when you owe more than it’s worth + MORE Apr 23rd
Q. I bought a home in Fort McMurray, Alta., for $413,000 in 2007. Five years later, in 2012, I moved out and started renting the property, and it has remained an income property since then.
With the decline in oil prices, the town of Fort McMurray has seen real estate losing value like crazy. After .... More »
Heading Back to the Office? Here’s How Much it Will Cost You Thanks to Inflation + MORE May 26th
Over the last few months, Canadians have slowly started returning to the office—and many more will likely head back soon. Among the adjustments they’ve had to make is getting used to wearing real pants instead of sweatpants, and remembering how to make small talk with co-workers.
And then t.... More »
The pain trade (and how the Canadian dollar ‘never met a financial selloff it didn’t want to join’) Feb 13th
Why the currency is suffering
.... More »
Location is top factor for job hunters faced with steep housing costs Oct 28th
Sky-high real estate prices are making location-based career decisions increasingly common..... More »
Disney closes $71B US deal for Fox entertainment assets Mar 20th
Disney has closed its $71 billion acquisition of Fox's entertainment business, putting Cinderella, The Simpsons, Star Wars and Dr. Strange under one corporate roof..... More »
Housing market to slow in 2018 but prices to rise
– moneysense.ca
TORONTO — New stricter mortgage rules are expected to slow the housing market next year, but prices are still expected to rise about five per cent, according to a report by Royal LePage.
In its market survey forecast, the real estate firm says its house price composite, which measures prices in 53 Canadian cities, is expected to increase 4.9 per cent next year to $661,919.
A new stress test for homebuyers who don’t need mortgage insurance will be required starting next year.
The new rules are expected to reduce the maximum amount buyers who have a down payment of 20 per cent or more will be able to borrow starting Jan. 1.
The Royal LePage report suggests home prices in the Greater Toronto Area are expected to increase 6.8 per cent in 2018, while the Greater Montreal Area is expected to see an increase of 5.5 per cent.
Greater Vancouver is expected to increase 5.2 per cent in 2018.
The post Housing market to slow in 2018 but prices to rise appeared first on MoneySense.
In its market survey forecast, the real estate firm says its house price composite, which measures prices in 53 Canadian cities, is expected to increase 4.9 per cent next year to $661,919.
A new stress test for homebuyers who don’t need mortgage insurance will be required starting next year.
The new rules are expected to reduce the maximum amount buyers who have a down payment of 20 per cent or more will be able to borrow starting Jan. 1.
The Royal LePage report suggests home prices in the Greater Toronto Area are expected to increase 6.8 per cent in 2018, while the Greater Montreal Area is expected to see an increase of 5.5 per cent.
Greater Vancouver is expected to increase 5.2 per cent in 2018.
The post Housing market to slow in 2018 but prices to rise appeared first on MoneySense.
Podcast 13: Here Come the Robots
– CanadianCouchPotato.com
In Episode 13 of the Canadian Couch Potato podcast, we turn our attention to one of the most significant trends in ETF investing: the rise of robo-advisors. As Rob Carrick recently wrote in the Globe and Mail, “It’s time to stop treating robo-advisers as a novelty and start considering them as a smart option for people seeking help in building an investment portfolio.”
I haven’t written much about robo-advisors since they arrived in Canada back in 2014, because it’s been hard to get much deep insight into these firms. On one hand, the media love painting them as a massive disrupter in the financial services industry, but it’s not clear how popular they’ve been with Canadian investors. Most firms are silent about the number of clients they have attracted and the amount of assets they manage.
To inject a little objectivity, I spoke to someone with expertise but no vested interest in the robo-advisor space. Pauline Shum-Nolan is a professor of Finance at the Schulich School of Business whose research has focused on ETFs…
I haven’t written much about robo-advisors since they arrived in Canada back in 2014, because it’s been hard to get much deep insight into these firms. On one hand, the media love painting them as a massive disrupter in the financial services industry, but it’s not clear how popular they’ve been with Canadian investors. Most firms are silent about the number of clients they have attracted and the amount of assets they manage.
To inject a little objectivity, I spoke to someone with expertise but no vested interest in the robo-advisor space. Pauline Shum-Nolan is a professor of Finance at the Schulich School of Business whose research has focused on ETFs…
Campari invests $5-million to bring Canadian whisky brand to more markets
– theglobeandmail.com
Company says it has completed the investment to refurbish and expand the Grimsby, Ont., Forty Creek Distillery
Feds provide more details on changes to small business tax
– moneysense.ca
OTTAWA — The federal government is releasing more details on changes to its controversial tax proposals in hopes of further addressing deep concerns over reforms that have angered the small-business community.
The Liberals are tweaking a proposal that, as of Jan. 1, would tighten existing rules enabling small-business owners to lower their tax burden by distributing earnings among family members who do not make significant contributions to their companies — a practice known as income sprinkling.
The government insists the revisions to income-sprinkling rules contain clear tests to determine whether a relative has made a meaningful contribution to — or investment in — the family business.
READ: Ottawa’s small business tax proposals explained
The Finance Department says businesses will have until Dec. 31, 2018, to adjust to the changes, which include new qualification rules for family members — such as substantial capital investments as well as minimums for age and the number of hours worked…
The Liberals are tweaking a proposal that, as of Jan. 1, would tighten existing rules enabling small-business owners to lower their tax burden by distributing earnings among family members who do not make significant contributions to their companies — a practice known as income sprinkling.
The government insists the revisions to income-sprinkling rules contain clear tests to determine whether a relative has made a meaningful contribution to — or investment in — the family business.
READ: Ottawa’s small business tax proposals explained
The Finance Department says businesses will have until Dec. 31, 2018, to adjust to the changes, which include new qualification rules for family members — such as substantial capital investments as well as minimums for age and the number of hours worked…
How can I use my extra RRSP room when I retire?
– moneysense.ca
Q: In 2019, I will retire. I will contribute $26,000 to my RRSP in 2018, but I will have ~$26,000 of contribution room available from my 2018 income in 2019. Is there any way to use this RRSP room and enable a deduction against my 2018 income?
For example, could I contribute an additional $26,000 to my RRSP in January 2019, have it be a deduction off of my 2018 income, and still be within my 2019 contribution limit?
—Bill
A: Good question, Bill. I’ll give you a little primer on registered retirement savings plan (RRSP) room and deductions.
RRSP room is generated from earned income like employment income, self-employment income and even net rental income. Your RRSP room for this year is equal to 18% of your earned income for last year, up to a maximum.
Ask a Planner: Leave your question for Jason Heath »
For 2018, the income required to generate the maximum 2019 RRSP room of $26,500 is $147,222. So, assuming you have $147,222 or more of earned income for 2018, you will have $26,500 of RRSP room for 2019…
