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The best GIC rates in Canada for 2026 + MORE Feb 9th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Who reports capital gains if a stock is owned jointly? + MORE Apr 8th
Q. My question is regarding stock capital gains, specifically in a joint account with my wife at TD Waterhouse. We had a capital gain of $30,000 this year in our non-registered account. At 50% each, our capital gain for tax purposes is $15,000. Do we each have to report a gain of $7,500? Or, does.... More »
Earth Day 2022: It’s time to invest in our planet Apr 20th
Every year on April 22, the global Earth Day campaign brings attention to environmental issues and issues a call to action. This year’s theme is especially relevant to us: Invest In Our Planet.
This year’s Earth Day focuses on combatting the existential threat of climate change in a tangible .... More »
Pembina to acquire Kinder Morgan Canada and other assets in $4.35-billion deal - The Globe and Mail Aug 21st
Pembina to acquire Kinder Morgan Canada and other assets in $4.35-billion deal The Globe and MailPembina Pipeline Corp. is buying Kinder Morgan Canada Ltd. and the U.S. portion of a key condensate pipeline for $4.35-billion, a deal that will bolster its ...View full coverage on Google New.... More »
Adult kids moving home amid pandemic unrest? Embrace it — but set your financial boundaries first + MORE Nov 9th
Discussing the details up front — including rent, food and child care — will save money, confusion and resentment down the road..... More »
The Benefits of Working With an Investment Professional (Jeffrey Mohlman)
– investitwisely.com
Investing isn’t easy, otherwise everybody would do it. In reality, less than half of adult people in the United States ever invest at all! That’s a pretty poor total, but it stands to reason. Most people don’t know anything at all about investment. And as such, they’re scared to death of it. People tend to regard anything they don’t comprehend with suspicion. It’s only natural. Especially after the financial crisis of ‘08, and recent headlines about investors losing millions, the easiest thing for someone ignorant of investment to do is sew up their money in a mattress.For the other half of Americans who do wish to invest, there are many ways forward, but all of them involve learning and applied reasoning. An investment professional like Jeffrey Mohlman can help, but first you’ll want to learn a few things of your own.
Starting Out With Investment Learning
All of us start from scratch when it comes to investment education. With work, we can learn everything we would need to know to truly call ourselves masters of investment…
CIBC is selling its 41 per cent stake in American Century Investments for $1 billion US to Japan’s Nomura banking group.
A new report by Statistics Canada says automatic increases in registered pension plans are most helpful to people who don’t save much in registered retirement savings plans.
TFSA, tax changes: Time to review your financial plan
– moneysense.ca
OTTAWA – The tax rules are changing in 2016 and even if Canadians don’t make enough to be hit by the new top federal income tax rate, their financial plans are going to need to be reviewed.The vast majority of Canadians will not be affected by the new tax bracket for income over $200,000 a year, but everyone will see their tax-free savings account contribution limit be reduced back to $5,500 for 2016.
Combined with the new lower tax rate for income between $45,282 and $90,563, even those who aren’t in the top one per cent of income-earners should take a look at their finances to ensure they’re on track.
Peter Bowen, vice-president of tax and retirement research and solutions at Fidelity Investments, says for many people this might be the most important tax planning season they’ve ever had.
“With the changes just implemented both to tax rates and TFSAs, everybody needs to take care to make sure their tax planning is right for their own situation,” he said. “We always encourage people to get financial advice, but with these changes in place, it is more important than ever…
