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
Will Ottawa's new rules help Canada's oilpatch build another major pipeline? + MORE Feb 9th
There were high expectations headed into Thursday's long-awaited announcement on how the federal government would overhaul the approval process for major energy projects in Canada. Ottawa says the new regulatory regime would help entice new investment, but the industry has many quest.... More »
Stock news for investors: Barrick leads earnings gains as major Canadian companies report mixed Q3 results + MORE Nov 13th
Here’s a round-up of news for Canadian investors this week.
Barrick
MEG Energy
Loblaw
Manulife
Linamar
Brookfield
Hydro One
Featured RRSP Accounts
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EQ Bank
.... More »
Sears Canada's court monitor opposes priority for pensioners over other creditors + MORE Sep 11th
A court-appointed monitor for the Sears Canada bankruptcy process says it opposes a proposal that would effectively allocate all the failed retailer's remaining assets to the company's underfunded pensions..... More »
The ‘hostile’ takeover offer for cannabis company Aphria is littered with red flags - MarketWatch Dec 31st
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Our investment advisers’ moral compasses are still being aligned
– theglobeandmail.com
Should caveat emptor apply when buyers think they are hiring a professional to help them do the shopping?
As user growth stalls, Twitter aims to raise its profile with advertisers
– theglobeandmail.com
Twitter needs to grow in order to thrive in an investment with growing competition for social-media ad dollars
Minimizing capital gains tax through a property sell strategy
– moneysense.ca
Q: We own a cottage and a six-plex, which is where we also live full-time. Now we want to sell the apartment building and maybe the cottage and use the funds to buy a new residence in the city. How can we best structure this transition to minimize the capital gains taxes we will owe?— Liz Kargus, Ont.
Ayana Forward is a certified financial planner in Ottawa:
If you are expecting two rather large capital gains on both properties I would recommend spacing the transactions out over two years in order to lower your marginal tax rate. Spacing out the transactions will also offer you some opportunity to defer the taxes owing over potentially three years instead of one. Also be sure to utilize the principal residence exemption on the portion of the apartment building that applies to your living area.
Ayana Forward is a real estate investor who also holds the Certified Financial Planner (CFP®) designation. Ayana is fee-based Financial Planner with Ryan Lamontagne Inc in Ottawa, ON…
Premarket: European shares fall, oil rises as markets return to Fed watching
– theglobeandmail.com
With earnings season largely over, investors again focus on whether U.S. central bank will raise interest rates
Nearly half of investors say advisers don’t help set goals, J.D. Power report
– canadianbusiness.com
TORONTO – A new survey suggests that nearly half of Canadian investors aren’t receiving basic goal-setting advice from the advisers they’re paying.
The J.D. Power report found that 46 per cent of full-service Canadian investors say their adviser didn’t help them set goals based on their risk tolerance.
Of those surveyed, 66 per cent also said their adviser didn’t deliver on what the study identified as the three broad stages of goals-based investing: setting personal goals, implementing a strategy to achieve those goals, and monitoring progress.
Mike Foy, director of the wealth management practice at J.D. Power, said the results do not speak well for the industry.
“Forty-six per cent of investors said that their adviser didn’t meet what we call Stage One of the goals-approach, which is helping set goals and assessing risk tolerance,” he said.
“If you’re not doing that, the question is what are you doing.”
Investors are set to start receiving more information regarding the fees they pay investment advisers under changes known as CRM2 that came into force earlier this year…
The J.D. Power report found that 46 per cent of full-service Canadian investors say their adviser didn’t help them set goals based on their risk tolerance.
Of those surveyed, 66 per cent also said their adviser didn’t deliver on what the study identified as the three broad stages of goals-based investing: setting personal goals, implementing a strategy to achieve those goals, and monitoring progress.
Mike Foy, director of the wealth management practice at J.D. Power, said the results do not speak well for the industry.
“Forty-six per cent of investors said that their adviser didn’t meet what we call Stage One of the goals-approach, which is helping set goals and assessing risk tolerance,” he said.
“If you’re not doing that, the question is what are you doing.”
Investors are set to start receiving more information regarding the fees they pay investment advisers under changes known as CRM2 that came into force earlier this year…
