All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
60 days - 2.00% + MORE Dec 13th
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online..... More »
Documenting financial agreements with family + MORE Jun 2nd
(BraunS/Getty Images)
Q: My husband and I live with his parents to assist them with care and maintenance of their home. My father-in-law is an amputee and the understanding was that we would stay with them and take over the house “once the mortgage is paid”.
My husband’s parents ha.... More »
Financial sector weighs on Toronto stock market, U.S. markets in the red + MORE May 29th
Canada's main stock index closed in the red, hurt by losses in the financial sector as political turmoil in Italy was felt across global markets..... More »
Province creates special disaster relief program for cottagers affected by flood - CBC.ca May 16th
CBC.caProvince creates special disaster relief program for cottagers affected by floodCBC.caCottagers whose properties have been damaged by major flooding this spring will be able to apply for financial help from the provincial government. Environment and Local Government Minister Andrew Harvey anno.... More »
What happens to an RESP when you die + MORE Nov 15th
Q: I am the account subscriber for an RESP for a child to whom I am not related by blood. I have been told by the financial institution that the only way to name the child’s father as the subscriber upon my death is through my will, which would be subject to probate. Is that correct? I would hav.... More »
90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
5.5 year – 2.80%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-03-11. Click on the link above to get more details or apply online.
Tax tips for BMO ETF investors
– moneysense.ca
Last week I offered some tips for investors who are tracking their adjusted cost base with Vanguard ETFs. In this post I’ll offer similar advice for those who use BMO exchange-traded funds. These tips expand on As Easy as ACB, a paper co-authored with Justin Bender, which thoroughly explains how to calculate the adjusted cost base of your ETF holdings.
The BMO Equal Weight REITs (ZRE), which is the real estate component the Complete Couch Potato portfolio, provides our first example. You can start by downloading the BMO ETF 2013 Tax Parameters, which gives a summary of all distributions for the year. Scan the list until you find ZRE.
The BMO Equal Weight REITs (ZRE), which is the real estate component the Complete Couch Potato portfolio, provides our first example. You can start by downloading the BMO ETF 2013 Tax Parameters, which gives a summary of all distributions for the year. Scan the list until you find ZRE.
Notice ZRE reported both return of capital (ROC) and capital gains in 2013. ROC is normally paid in cash, and although it appears in Box 42 of your T3 slip, it’s not taxable in the year it’s received. However, it lowers your adjusted cost base and therefore increases your future tax liability.
Capital gains are taxable in the current year (they’ll appear in Box 21)…
Lumenpulse: A Ray of Light in Canada’s IPO Market?
– blogs.wsj.com
The initial public offering for Lumenpulse Inc. attracted significant interest.
