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Using a HELOC as an investment strategy: not as taboo as you might think + MORE Jul 25th
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I wish to leverage my HELOC to invest in dividend-paying investments. How would you advise I approach this? Is this an effective tax savings tool? Is there any financial institution or products you would advise?
—Martha
Borrowing from a home equity line of credit
You know,.... More »
Statistics Canada says pace of Canadian economic growth slowed in third quarter Nov 30th
The pace of economic growth in Canada slowed in the third quarter as business investment spending moved lower and the growth in household spending slowed, Statistics Canada said Friday..... More »
Making the most of the pension tax credit Nov 28th
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I liked your coverage of RRIF taxation. I would like to see more information on LIF taxation. More precisely, on the following scenario: Individuals do not get the $2,000 tax credit for RRIF withdrawals before age 65. Did I read properly that for LIF withdrawals the $2,000 tax cr.... More »
How Do You Measure Your Rate of Return? May 27th
All investors care deeply about their returns, and with good reason. If you’re an active investor, you’ll want to compare the performance of your portfolio to an index benchmark to see whether you (or your advisor) added value with stock selection or market timing. Even if you’re a.... More »
Worried about the stock market? Here’s what you should do: Pape Sep 1st
Reduce your risk in a downturn by adjusting your asset mix and diversifying your portfolio..... More »
The Latest: Pope’s Philadelphia Fiat sold for $82K
– canadianbusiness.com
PHILADELPHIA – The Latest on an auction for a Fiat used by Pope Francis during his visit to Philadelphia (all times local):
10 p.m.
The popemobile is staying local.
One of two Fiat 500L cars used by Pope Francis during his September trip to Philadelphia has been sold at auction for $82,000.
Michael and Kate Chapman, owners of Chapman Auto Group, secured the winning bid Friday night at a black-tie event kicking off the weekend’s Philadelphia Auto Show.
Chapman Auto Group has seven area locations.
An Archdiocese of Philadelphia spokesman said in a release that more than 19 people from across the country were bidding on the car. The auction lasted just 11 minutes.
The other Fiat will be displayed during the show and might be auctioned off later.
The Archdiocese says all auction proceeds will benefit charities and the archdiocese’s special education schools.
Max Spann Real Estate & Auction Company conducted the auction.
__
12:45 p.m.
It’s not too late to be a holy roller: Pope Francis’ Philadelphia Fiat is still up for auction…
10 p.m.
The popemobile is staying local.
One of two Fiat 500L cars used by Pope Francis during his September trip to Philadelphia has been sold at auction for $82,000.
Michael and Kate Chapman, owners of Chapman Auto Group, secured the winning bid Friday night at a black-tie event kicking off the weekend’s Philadelphia Auto Show.
Chapman Auto Group has seven area locations.
An Archdiocese of Philadelphia spokesman said in a release that more than 19 people from across the country were bidding on the car. The auction lasted just 11 minutes.
The other Fiat will be displayed during the show and might be auctioned off later.
The Archdiocese says all auction proceeds will benefit charities and the archdiocese’s special education schools.
Max Spann Real Estate & Auction Company conducted the auction.
__
12:45 p.m.
It’s not too late to be a holy roller: Pope Francis’ Philadelphia Fiat is still up for auction…
Malaysia prosecutor, fund will help in Swiss graft probe
– canadianbusiness.com
KUALA LUMPUR, Malaysia – Malaysia’s top prosecutor said Saturday he will co-operate with Swiss authorities, whose investigation into an indebted Malaysian state investment fund indicated that $4 billion may have been misappropriated from Malaysian state-owned companies.
Switzerland’s top prosecutor said he sought Malaysia’s help after the investigation into 1MDB confirmed that some money was transferred into accounts held in Switzerland. The accounts were held by various former Malaysian public officials and both former and current public officials from the United Arab Emirates.
The Swiss office said in a statement Friday that criminal proceedings were opened last August against two former 1MDB officials and individuals unknown on suspicion of bribery of foreign public officials, misconduct in public office, money laundering and criminal mismanagement.
The $4 billion would have been earmarked for investment in economic and social development projects in Malaysia…
Switzerland’s top prosecutor said he sought Malaysia’s help after the investigation into 1MDB confirmed that some money was transferred into accounts held in Switzerland. The accounts were held by various former Malaysian public officials and both former and current public officials from the United Arab Emirates.
The Swiss office said in a statement Friday that criminal proceedings were opened last August against two former 1MDB officials and individuals unknown on suspicion of bribery of foreign public officials, misconduct in public office, money laundering and criminal mismanagement.
The $4 billion would have been earmarked for investment in economic and social development projects in Malaysia…
