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What every American should know before buying a home in Canada + MORE Jul 24th
Buying a home is one of life’s biggest financial decisions, but it’s also one of the easiest places to make an expensive cross-border tax mistake. For many families, purchasing a home represents stability, permanence, and the feeling of finally putting down roots. For U.S. citizens living in.... More »
Stephen Harper accuses Mark Carney of overselling his importance during 2008 financial crisis - Toronto Star + MORE Mar 3rd
Stephen Harper accuses Mark Carney of overselling his importance during 2008 financial crisis Toronto Star‘Revisionist history’: Carney hits back at Harper over letter challenging the Liberal leadership frontrunner’s economic chops CTV NewsFormer prime minister Harper acc.... More »
How real estate is taxed during a separation or divorce + MORE May 15th
Ask MoneySense
What happens if a married couple separates, and they own a family house and a cottage. The separation is amicable and the couple would like to split the assets, with the family house going to the wife and cottage going to the husband. Would that trigger any taxes?
—Peter
Sepa.... More »
Insurance for self-employed Canadians: What coverage do you need? + MORE Sep 4th
A common feature of employee benefit plans in Canada is insurance coverage. The types and amounts of insurance vary, and employees should consider their personal situation to determine if they need additional coverage beyond their group plan—as they often do.
If you are self-employe.... More »
Single, no pension? Here’s how to plan for retirement in Canada Jul 3rd
Being single in retirement has some financial obstacles. Some people are single as they enter retirement. Others become single due to divorce or death prior to or after retiring. Here are some considerations for planning your retirement as a singleton, especially if you have no defined benefit (DB) .... More »
Making sense of the markets this week: May 31, 2021
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Canadian banks attract investors—and criticism
The Canadian banks have started reporting first quarter earnings, and they’re off to a roaring start.
At the same time, the banks are attracting considerable criticism for increasing fees during a pandemic, and when they themselves are enjoying such financial success.
And as I have suggested on many occasions, Canadian banks always find ways to make money. They have many oars in the water, including increasing fees for everyday banking. I would suggest Canadians search for the lowest fee option at their bank. If lower-fee options are not available, then you might consider switching to a low-fee or no-fee bank account.
For our cash, my wife and I are using EQ Bank. I like the service a lot. I have also reviewed EQ Bank on my site.
But, back to the markets’ POV. As Larry Bates, a MoneySense contributor and author of the popular book Beat the Bank smartly suggests, we are better to invest in the banks rather than banking or investing with them…
Canadian banks attract investors—and criticism
The Canadian banks have started reporting first quarter earnings, and they’re off to a roaring start.
At the same time, the banks are attracting considerable criticism for increasing fees during a pandemic, and when they themselves are enjoying such financial success.
And as I have suggested on many occasions, Canadian banks always find ways to make money. They have many oars in the water, including increasing fees for everyday banking. I would suggest Canadians search for the lowest fee option at their bank. If lower-fee options are not available, then you might consider switching to a low-fee or no-fee bank account.
For our cash, my wife and I are using EQ Bank. I like the service a lot. I have also reviewed EQ Bank on my site.
But, back to the markets’ POV. As Larry Bates, a MoneySense contributor and author of the popular book Beat the Bank smartly suggests, we are better to invest in the banks rather than banking or investing with them…
