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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This week's market stutter is a reminder that stocks don't just go up, and that the economy and securities markets are two separate beasts..... More »
Retirement taxes explained: Withholding, clawbacks, and other surprises Sep 17th
Many working-age Canadians wonder what the impact of retirement will be on their tax situation. As you save and build wealth, it is important to plan for the eventual tax treatment of your retirement assets and income as you approach that transition.
Taxation in Canada
When you are.... More »
Hospital helper nearly overlooks brother after NYC fire - CP24 Toronto's Breaking News Jan 11th
Hospital helper nearly overlooks brother after NYC fire CP24 Toronto's Breaking NewsHow fleeting choices, circumstances doomed 17 in Bronx fire CTV NewsHospital volunteer nearly overlooks brother after Bronx apartment fire The Globe and MailWhat we lost, what we carr.... More »
2018 Financial Goals – May Update + MORE May 7th
Save, invest, prosper with My Own Advisor.
2018 Financial Goals – May Update Spring has finally sprung in Ottawa! That means since my last update here, it’s time for a financial goals update. Now, as a reminder, here are our two big hairy audacious long-term financial goals: Become debt-free bef.... More »
Top financial innovations of the last 25 years + MORE Feb 27th
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Should I underprice my home to start a bidding war?
– moneysense.ca
Q: The real estate market in Barrie is really hot right now, which won’t come as a surprise to anyone. But as a home seller, we still want to make sure we get the highest possible sale price. I’ve read about all these bidding wars and wonder if we should underprice our home to try and start a bidding war?— Want more for my home, Barrie, Ont.
Answer from Romana King, senior editor and real estate specialist at MoneySense: Listen, if you’re selling in today’s real estate market, your biggest concern is whether or not you can get top dollar for your home. In recent years, one tactic that has dominated the bigger markets—and stolen headline space—has been the use of bidding wars.
The idea behind a bidding war is to attract competing potential buyers with enough interest that they’ll increase their maximum purchase price and, ultimately, raise the final sale price for that home. The most obvious way to create a bidding war is to underprice a home…
Panama Papers: Better tax rules can help, but there will always be cheats
– theglobeandmail.com
The problem lies in those who would abuse these offshore financial services for unlawful ends.
A look at the various ways wealthy investors move money in and out of offshore companies and accounts, often staying under the taxman’s radar.
Tax havens explained: How the rich hide money offshore – CBC.ca
– news.google.ca
CBC.caTax havens explained: How the rich hide money offshoreCBC.caThe Panama Papers, the biggest collection of financial documents ever leaked to journalists, has revealed the shady world of offshore tax havens. Panama Papers: Document leak exposes global corruption, secrets of the rich · RBC denies wrongdoing after …Breaking down the Panama Papers: Top tax havens and moreCTV NewsCanadians are right to be angry over the Panama Papers leakMacleans.caRoyal Bank of Canada denies wrongdoing after Panama Papers, cites 'extensive due diligence'Financial PostReuters Canada -Toronto Star -National Post -Montreal Gazetteall 1,448 news articles »
Hudson’s Bay posts $370M Q4 profit; revenue soars to $4.5B on European purchase
– canadianbusiness.com
TORONTO – Hudson’s Bay Co. (TSX:HBC) has reported a sharp increase in both fourth-quarter and full-year net earnings as the department store group got a big boost from the sale of real estate investments.
The company, whose banners include Hudson’s Bay, Lord & Taylor and Saks Fifth Avenue among others, said net earnings in the three months ended Jan. 30 was $370 million, or $1.88 per diluted share.
That was up from $115 million, or 62 cents per diluted share, in the comparable year-earlier period as the company realized $516 million on the sale of investments in its real estate joint venture.
Revenue soared 70.4 per cent to $4.486 billion from $2.632 billion, primarily as a result of the addition of HBC Europe following the close of its Galeria acquisition last September.
On a constant currency basis, HBC said consolidated comparable store sales — an important metric in retail — increased by 1.8 per cent for the quarter and 2.5 per cent for the year.
For the full year, net earnings totalled $387 million, up from $233 million in fiscal 2014…
The company, whose banners include Hudson’s Bay, Lord & Taylor and Saks Fifth Avenue among others, said net earnings in the three months ended Jan. 30 was $370 million, or $1.88 per diluted share.
That was up from $115 million, or 62 cents per diluted share, in the comparable year-earlier period as the company realized $516 million on the sale of investments in its real estate joint venture.
Revenue soared 70.4 per cent to $4.486 billion from $2.632 billion, primarily as a result of the addition of HBC Europe following the close of its Galeria acquisition last September.
On a constant currency basis, HBC said consolidated comparable store sales — an important metric in retail — increased by 1.8 per cent for the quarter and 2.5 per cent for the year.
For the full year, net earnings totalled $387 million, up from $233 million in fiscal 2014…
