Should you split mortgage payments equally? + MORE Dec 28th

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Why fixed income investors should consider loading up on foreign bonds(Illustration by Iker Ayestaran)
Diversifying geographically is an axiom investors know and, to a degree, follow on the equity side of their portfolios. But what about fixed income? For generations of Canadians, that was the preserve of Government of Canada bonds. Even today, most investors rely on a domestic mutual or exchange-traded bond fund or two, preferring to avoid any currency risk. Especially now, with a third of the world’s sovereign bonds carrying a negative yield, why would you want to hold foreign paper?
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}How to invest in the age of permanently low interest rates
The choices are limited today, concedes Dan Hallett, vice-president of HighView Financial Group, but there’s still a case to be made for spreading your fixed income around. For one thing, those 10-year Canada bonds are yielding just 1.14% and could lose value should interest rates rebound from their recent lows, as many market-watchers expect…

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Should you split mortgage payments equally?(Rob Daly/Getty Images)
As a couple, you took a big leap: You bought a place and moved in together. Now you spend hours discussing where to buy the perfect couch or the right type of dining room table for your space. But how much time have you spent discussing how to split mortgage payments? 
While couples will often discuss what mortgage will work for their combined budget, they don’t always discuss the awkward details, like how much each person should actually pay. And believe it or not, not all couples split the mortgage payments equally.
To help you and your partner find the right answer to this question, Bruce Sellery offers some insight.
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The post Should you split mortgage payments equally? appeared first on MoneySense.

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MONTREAL — Canadians will ring in the new year with a number of tax changes that will affect the bottom line of federal and provincial governments. Here’s a look at some of them:
Nationally:
The federal government is ending four child tax credits this year: arts, fitness, education and textbooks.
It is also cancelling income splitting for families, a tax reduction measure that allowed someone to transfer up to $50,000 of income to a spouse with lower income if they had a child under 18 years of age. The tax credit for income splitting was capped at $2,000.
Offsetting those changes are the Canada Child Benefit and changes to Employment Insurance benefits introduced in 2016.

How the federal budget will affect income tax

“High income earners in most provinces will pay more but for the majority of Canadians, these two changes will mean more money in their pockets,” Canadian Taxpayers Federation federal director Aaron Wudrick said Wednesday in a news release.
Several other changes at the federal level will affect life insurance, business owners selling their companies and some mutual funds…

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