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.
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Tax-efficient RRSP withdrawal tips
– moneysense.ca
A: Last year, in my mid-50s, I was diagnosed with a serious ailment, which forced me to quit my job and start collecting long-term disability. Since I don’t have taxable income for this year, and most of my assets are in my RRSP, what would be the most tax-efficient way for me to withdraw money from my RRSP savings?
—R.J., Mississauga, Ont.
Q: Take out as little as you can, to extend the tax deferral as long as you can, says Dean Paley, Burlington, Ont.-based CPA. “If you are single, then you might want to withdraw $11,327—the basic personal tax amount.” You would have no tax payable at the end of the year. If you are married, this strategy doesn’t work because your spouse would have claimed the credit and drawing out from the RRSP means no tax is saved in the transaction. If this is the case, defer taking funds from the registered plans as long as possible. In looking at your retirement, you should also consider what you’ll get from CPP and OAS. You should also consider whether you may be able to re-enter the workforce down the road…
—R.J., Mississauga, Ont.
Q: Take out as little as you can, to extend the tax deferral as long as you can, says Dean Paley, Burlington, Ont.-based CPA. “If you are single, then you might want to withdraw $11,327—the basic personal tax amount.” You would have no tax payable at the end of the year. If you are married, this strategy doesn’t work because your spouse would have claimed the credit and drawing out from the RRSP means no tax is saved in the transaction. If this is the case, defer taking funds from the registered plans as long as possible. In looking at your retirement, you should also consider what you’ll get from CPP and OAS. You should also consider whether you may be able to re-enter the workforce down the road…
Boeing tops Street 4Q forecasts
– canadianbusiness.com
CHICAGO – CHICAGO (AP) _ Boeing Co. (BA) on Wednesday reported fourth-quarter profit of $1.03 billion.
On a per-share basis, the Chicago-based company said it had net income of $1.51. Earnings, adjusted for non-recurring costs, were $1.60 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The airplane builder posted revenue of $23.57 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $23.4 billion.
Boeing expects full-year earnings in the range of $8.15 to $8.35 per share, with revenue in the range of $93 billion to $95 billion.
Boeing shares have fallen 11 per cent since the beginning of the year, while the Standard & Poor’s 500 index has declined almost 7 per cent. The stock has declined 4.5 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights…
On a per-share basis, the Chicago-based company said it had net income of $1.51. Earnings, adjusted for non-recurring costs, were $1.60 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The airplane builder posted revenue of $23.57 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $23.4 billion.
Boeing expects full-year earnings in the range of $8.15 to $8.35 per share, with revenue in the range of $93 billion to $95 billion.
Boeing shares have fallen 11 per cent since the beginning of the year, while the Standard & Poor’s 500 index has declined almost 7 per cent. The stock has declined 4.5 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights…
Few US neighbourhoods affordable, walkable with good schools
– canadianbusiness.com
WASHINGTON – Few neighbourhoods can match the perks of Adams Morgan in Washington, D.C. — a reality that reflects a broader problem for the U.S. housing market.
Residents of Adams Morgan enjoy a bevy of bars, restaurants, exercise studios and shopping, just steps from their row houses and condo buildings. Home values are reasonable relative to neighbourhood incomes. And in general, the area schools rate as better than average nationally.
Across the country, just 14 per cent of neighbourhoods manage to be at once affordably priced, walkable and near decent schools. And many of those neighbourhoods exist in only two cities: Washington and Seattle, according to a new analysis released Wednesday by the real estate brokerage Redfin.
The findings suggest a substantial mismatch between the neighbourhoods where people say they want to live and the homes actually available to them.
“Cities have not kept up with consumer tastes,” said Nela Richardson, Redfin’s chief economist…
Residents of Adams Morgan enjoy a bevy of bars, restaurants, exercise studios and shopping, just steps from their row houses and condo buildings. Home values are reasonable relative to neighbourhood incomes. And in general, the area schools rate as better than average nationally.
Across the country, just 14 per cent of neighbourhoods manage to be at once affordably priced, walkable and near decent schools. And many of those neighbourhoods exist in only two cities: Washington and Seattle, according to a new analysis released Wednesday by the real estate brokerage Redfin.
The findings suggest a substantial mismatch between the neighbourhoods where people say they want to live and the homes actually available to them.
“Cities have not kept up with consumer tastes,” said Nela Richardson, Redfin’s chief economist…
Rogers Communication misses 4Q earnings expectations, tops revenue forecasts
– canadianbusiness.com
TORONTO – TORONTO (AP) _ Rogers Communication Inc. (RCI) on Wednesday reported fourth-quarter earnings of $224 million.
On a per-share basis, the Toronto-based company said it had profit of 43 cents. Earnings, adjusted for one-time gains and costs, came to 48 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The communications and media company posted revenue of $2.59 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $2.49 billion.
For the year, the company reported profit of $1.08 billion, or $2.09 per share. Revenue was reported as $10.51 billion.
Rogers Communication shares have climbed nearly 5 per cent since the beginning of the year. The stock has stayed the same over the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research…
On a per-share basis, the Toronto-based company said it had profit of 43 cents. Earnings, adjusted for one-time gains and costs, came to 48 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The communications and media company posted revenue of $2.59 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $2.49 billion.
For the year, the company reported profit of $1.08 billion, or $2.09 per share. Revenue was reported as $10.51 billion.
Rogers Communication shares have climbed nearly 5 per cent since the beginning of the year. The stock has stayed the same over the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research…
Rogers Communications notches small profit rise – Reuters Canada
– news.google.ca
The Globe and Mail (subscription)Rogers Communications notches small profit riseReuters CanadaTORONTO (Reuters) – Canada's Rogers Communications Inc RCIb.TO reported a slight rise in fourth-quarter profit on Wednesday, increased its dividend, and said it expects revenue and profit to rise 1-3 percent in 2016. The Toronto-based telecom and …Rogers misses profit forecasts on higher promotion costsThe Globe and Mail (subscription)Rogers Communications Declares 48 Cents per Share Quarterly DividendCanada NewsWire (press release)Rogers Communications Q4 15 Earnings Conference Call At 8:00 AM ETNasdaqTBI Vision -WallStreet.org -SYS-CON Media (press release)all 16 news articles »
