Saskatchewan’s Wall pitches his province over Alberta for royalty stability + MORE Jun 4th

WEYBURN, Sask. – Saskatchewan Premier Brad Wall is using the NDP’s pending royalty review in Alberta to pitch his province to the oil industry.
In a speech to an industry audience in Weyburn, Wall promised his government has no plans to review the rates it charges oil companies in Saskatchewan.
With oil prices currently hovering around US$60 a barrel, Wall says the industry doesn’t need to deal with any instability.
He notes Saskatchewan benefited through increased investment the last time Alberta reviewed royalties under former premier Ed Stelmach.
The NDP, under Rachel Notley, swept to power in last month’s Alberta election on a platform that promised to review royalty rates in the province.
Notley has pledged to work with the industry on the review and executives have largely adopted a wait-and-see approach in their public comments.
(CFSL, The Canadian Press)
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Loss of GE would be a huge blow to Connecticut, which bled thousands of jobs after the financial crisis and has been one of the slowest states to recover from the recession

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Welcome to my first Weekend Reading edition in June friends…summer is here…almost…not quite technically…but close enough for me.  I hope you had a good week and here’s to an ever better weekend.  Earlier this week I provided a few great ways to save on home and car insurance and Rob Carrick from the Globe and Mail was nice enough to mention my article about living off dividends.
Any big plans for the weekend?
We have “the usual” going on I guess.  Some yardwork, some errands, some socializing planned and a bit of downtime.  Hope you take full advantage of your weekend and see you here again next week when I will (this time) have my latest dividend income update ready.
Cheers!
Vanguard is changing the name of some of its ETFs.
Larry Swedroe warned us dividend stocks are no replacement for bonds.
Money We Have listed some indexed products for beginners.
Stephen Weyman calculated what an Aeroplan mile is really worth…

(Getty Images)
Sitting by the lake and watching the grandchildren cannonball off the dock might be the dream of many cottage-owning baby boomers.
But handing down the cottage to those grandkids so that they might one day do the same can trigger big tax bills that could force the sale of the property.
A lakefront cottage purchased for a few thousand dollars decades ago may now be worth hundreds of thousands, perhaps even more. And while you can’t avoid the tax bill, there are ways to make it more manageable.
Mike Laughton, a financial planner at Royal Bank, says one option is to sell or gift the property to your children today.
While that triggers a tax bill now, it puts any future capital gains in the childrens’ hands.
“The sooner you can get it into the beneficiaries’ names, the less future tax liability you’re going to incur upon yourself,” Laughton says.
You can even structure the sale so that you loan the money to your children to buy the property from you. By holding the mortgage, you will be able to spread the capital gains and the associated tax bill over five years and you can forgive the debt in your will if you’re feeling generous…

(Getty Images / Peter Dazeley)
After stagnating for two decades, construction of rental buildings is on the rise in the red-hot real estate markets of Toronto and Vancouver.
Toronto
There are currently eight apartment buildings, containing a total of 2,458 rental units, under construction in the Toronto area. Another 37 buildings containing 9,207 units have been proposed. That’s a nearly 75% increase over the 6,723 rental units that have been built in the Greater Toronto Area since 2005.
The vacancy rate in Toronto remained stable at 1.6% from the fall of 2013 to the fall of 2014, according to CMHC.
The average monthly rent for a bachelor apartment in Toronto grew nearly 3% to $896 between the fall of 2013 and the fall of 2014. The average cost of a two-bedroom also climbed roughly 3% during the period, to $1,251.
In the Greater Toronto Area, the average selling price for all home types climbed to $649,599 in May, up 11% from a year ago.
Vancouver
The City of Vancouver aims to have 5,000 new rental units built by 2021—welcome news for residents of Vancouver who have struggled to find available rental suites…