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Pakistani army chief visits Tehran in bid to broker renewed talks between US and Iran Apr 16th
CAIRO (AP) — Pakistan’s army chief is set to meet with Iranian officials in Tehran on Thursday in a bid to ease tensions in the Middle East and arrange a second round of negotiations between the United States and Iran….... More »
12 top personal finance books to read this summer Jun 11th
For obvious reasons, a lot of personal finance and retirement books come my way and, from time to time, we’ve dedicated a particular edition of this column to a single book. This one looks at a dozen noteworthy books I’ve read lately, or plan to—most of them published in the last few years.
If.... More »
Marijuana company Aphria met with TSX about guidance regarding U.S. business + MORE Oct 24th
Marijuana producer Aphria Inc. says it met with the Toronto Stock Exchange last week to discuss the exchange’s recent guidance that pot firms with U.S. exposure could face delisting.
Aphria chief executive Vic Neufeld says the company reiterated its commitment to work collaboratively with the .... More »
7 ways to protect yourself from ID theft + MORE Jan 7th
Avoiding identity theft is becoming ever more challenging in Canada. The Canadian Anti-Fraud Centre (CAFC) received more than 11,000 identity theft and fraud reports in 2023, and both government and financial institutions report an increase in cases.
According to the CAFC, these are some of the m.... More »
Individual vs. joint investment accounts: What every couple should know Oct 16th
Losing a spouse is devastating. Losing access to the family’s savings on top of that? Heartbreaking—and more common than many Canadians realize. Imagine waking up after your partner passes away, only to discover that a $400,000 investment account is frozen. Months drag on while the courts approv.... More »
Reasons to tap RRSPs before age 71
– moneysense.ca
Q: If you are self-employed and have a holding company, does it not make sense to use your RRSP funds before 71 and then opt for funds from your holding company after?
—Tom
A: You’ve asked a good question and you’ve already got your answer, Tom, but I’m going to help validate why it makes sense to use RRSP funds before age 71.
For reader clarification, a “holding company” is a term for a corporation that holds investments and is no longer an active operating business.
I think taking RRSP withdrawals before 71 makes sense for far more Canadians than those who actually take early withdrawals, Tom. I feel it’s wise to pursue strategies that can help you pay less tax over your lifetime rather than just focusing on what saves you the most tax this year.
Ask a Planner: Leave your question for Jason Heath »
An RRSP must be used to either buy an annuity or be converted to a RRIF by age 71 – a RRIF being the most common choice – and both options require minimum payments each year after that…
Foreign bought real estate concentrated in Toronto and northern suburb after new tax
– canadianbusiness.com
Newly released data from the Ontario government shows half of real estate transactions involving a foreign buyer in the Greater Golden Horseshoe region took place in Toronto the month after the province introduced a new tax on non-residents.
The Ontario government says there were 857 residential and agricultural real estate purchases by foreigners in the Greater Golden Horseshoe—which stretches from the Niagara Region to Peterborough, Ont.—between April 24 and May 26.
Half of those foreign-bought properties were in Toronto and 21 per cent were in York Region.
Foreign buyers were responsible for nine per cent of total transactions in York Region and seven per cent in Toronto, with lower percentages in surrounding areas.
The government said last week that nearly five per cent of home purchases in the Greater Golden Horseshoe region were made by non-residents since the foreign buyer tax was announced.
The non-resident speculation tax came into effect in April, the same month the government first began collecting information from real estate buyers concerning their citizenship, residency and their intentions for their property…
The Ontario government says there were 857 residential and agricultural real estate purchases by foreigners in the Greater Golden Horseshoe—which stretches from the Niagara Region to Peterborough, Ont.—between April 24 and May 26.
Half of those foreign-bought properties were in Toronto and 21 per cent were in York Region.
Foreign buyers were responsible for nine per cent of total transactions in York Region and seven per cent in Toronto, with lower percentages in surrounding areas.
The government said last week that nearly five per cent of home purchases in the Greater Golden Horseshoe region were made by non-residents since the foreign buyer tax was announced.
The non-resident speculation tax came into effect in April, the same month the government first began collecting information from real estate buyers concerning their citizenship, residency and their intentions for their property…
CBC.caOmar Khadr fights attempt by soldier's widow to freeze his assetsCBC.caThe family of a slain U.S. soldier has offered only "scant evidence" that Omar Khadr might fritter away his settlement money before having to deal with a $134-million US judgment against him, according to court documents. In a factum filed in Ontario …Khadr lawyer argues against request for payout freezeThe Globe and MailThe dilemma of Omar KhadrThe Battlefords News-OptimistKhadr has become the Liberal millstone: MooreOurWindsor.caThe Metropolitain -Minneapolis Star Tribune -Toronto Star -TheRecord.comall 132 news articles »
Yellen tells Congress to expect more rate hikes
– canadianbusiness.com
Federal Reserve Chair Janet Yellen told Congress on Wednesday that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond holdings this year.
In her semiannual testimony on the economy, Yellen took note of a number of encouraging factors, including strong job gains and rising household wealth that she said should fuel economic growth over the next two years.
She blamed a recent slowdown in inflation on temporary factors. But she says Fed officials are watching developments closely to make sure that annual price gains move back toward the Fed’s 2 per cent target.
Many economists believe the Fed, which has raised rates three times since December, will hike rates one more time this year.
In her prepared testimony before the House Financial Services Committee, Yellen repeated the message she has been sending all year: the economy has improved enough that it no longer needs the extraordinary support the central bank began providing in 2008 in the wake of a severe financial crisis and the deepest recession since the 1930s…
In her semiannual testimony on the economy, Yellen took note of a number of encouraging factors, including strong job gains and rising household wealth that she said should fuel economic growth over the next two years.
She blamed a recent slowdown in inflation on temporary factors. But she says Fed officials are watching developments closely to make sure that annual price gains move back toward the Fed’s 2 per cent target.
Many economists believe the Fed, which has raised rates three times since December, will hike rates one more time this year.
In her prepared testimony before the House Financial Services Committee, Yellen repeated the message she has been sending all year: the economy has improved enough that it no longer needs the extraordinary support the central bank began providing in 2008 in the wake of a severe financial crisis and the deepest recession since the 1930s…
How you can help those affected by B.C. wildfires
– moneysense.ca
As thousands of people are displaced by raging wildfires across British Columbia, many companies and organizations are stepping up to do their part.
Here’s a list of different ways you can help those who are displaced or affected.
Canadian Red Cross
The Red Cross is currently supporting the province in providing help to those living in areas impacted by the wildfires.
You can make a financial donation here, which will be used to provide essentials like cots, blankets, services, financial assistance for food and more.
“Your donation may also help re-entry and go towards more long-term recovery, resiliency and preparedness.”
If you are a Rogers customer and would like to pitch in, you can always do so by texting FIRES to 4-5-6-7-8 to make a 10 dollar donation.
BC Liquor Stores
You can make an in-store donation at any BC Liquor store. Funds are being collected for BC Fires Red Cross relief efforts, and will go directly to the Red Cross.
“Show your support by making a donation of $2 or $5—or multiples thereof at any BC Liquor Store…
Here’s a list of different ways you can help those who are displaced or affected.
Canadian Red Cross
The Red Cross is currently supporting the province in providing help to those living in areas impacted by the wildfires.
You can make a financial donation here, which will be used to provide essentials like cots, blankets, services, financial assistance for food and more.
“Your donation may also help re-entry and go towards more long-term recovery, resiliency and preparedness.”
If you are a Rogers customer and would like to pitch in, you can always do so by texting FIRES to 4-5-6-7-8 to make a 10 dollar donation.
BC Liquor Stores
You can make an in-store donation at any BC Liquor store. Funds are being collected for BC Fires Red Cross relief efforts, and will go directly to the Red Cross.
“Show your support by making a donation of $2 or $5—or multiples thereof at any BC Liquor Store…
