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Latest News
Something about bear markets seems to bring out the best in the Two-Minute Portfolio - The Globe and Mail + MORE Jan 11th
Something about bear markets seems to bring out the best in the Two-Minute Portfolio The Globe and MailTSE down; U.S. stocks in red - Business News Castanet.netToronto stock market edges lower, oil down; U.S. stock markets fall CTV NewsThe week's most oversold and ov.... More »
Stock news for investors: Quarterly profits up at Shopify, Brookfield; down at Suncor, Reuters + MORE Aug 8th
Here’s a round-up of news for Canadian investors this week.
Shopify
Suncor Energy Inc.
Brookfield Asset Management
Parkland Corp.
Thomson Reuters
Featured RRSP Accounts
featured
EQ Bank
.... More »
B.C. raises threshold for homeowner grant program + MORE Jan 10th
VANCOUVER — Relief is on the way for homeowners in British Columbia facing a jump in property taxes thanks to soaring home values.
B.C. Finance Minister Mike de Jong said the threshold to take part in the province’s homeowner grant program will increase by a third this year, to include prop.... More »
Beleaguered department store BHS goes into administration + MORE Apr 25th
LONDON – The troubled British department store chain BHS has called in administrators after failing to secure a rescue package, putting 11,000 jobs are at risk.
A fixture on Britain’s high streets, the firm has suffered from a chronic lack of investment recently. It has debts of more tha.... More »
Equifax Canada says 100,000 Canadians may be affected by cyberattack + MORE Sep 19th
TORONTO _ Equifax Canada says approximately 100,000 Canadian consumers may have had their personal information and credit card details compromised in the massive cyberattack on the credit data company made public earlier this month.
The company said Tuesday the investigation is ongoing and it appear.... More »
United Technologies’ Sikorsky unit reaches deal to deliver 28 helicopters to Canada
– canadianbusiness.com
HARTFORD, Conn. – United Technologies says its Sikorsky Aircraft division has signed a deal with Canada for the delivery of 28 maritime helicopters, ending a long and costly dispute.
The delivery of the helicopters was originally scheduled to begin in 2012. But Sikorsky and Canadian officials clashed over production, support and other issues.
Hartford-based United Technologies Corp. says Sikorsky will book sales of about $850 million and a charge of $440 million in the second quarter related to the deal. The charge will be offset by one-time gains over the course of the year so its full-year earnings outlook remains unchanged.
Canada says the deal will allow it begin retiring its fleet of Sea King helicopters in 2015.
The post United Technologies’ Sikorsky unit reaches deal to deliver 28 helicopters to Canada appeared first on Canadian Business.
The delivery of the helicopters was originally scheduled to begin in 2012. But Sikorsky and Canadian officials clashed over production, support and other issues.
Hartford-based United Technologies Corp. says Sikorsky will book sales of about $850 million and a charge of $440 million in the second quarter related to the deal. The charge will be offset by one-time gains over the course of the year so its full-year earnings outlook remains unchanged.
Canada says the deal will allow it begin retiring its fleet of Sea King helicopters in 2015.
The post United Technologies’ Sikorsky unit reaches deal to deliver 28 helicopters to Canada appeared first on Canadian Business.
New PBO report to show Ontario being shortchanged $1.2 billion in equalization
– canadianbusiness.com
OTTAWA – A forthcoming new report from the parliamentary budget officer is expected to show Ottawa is shortchanging Ontario to the tune of $1.2 billion under the current system of equalization payments, The Canadian Press has learned.
The report on how the federal government provides financial support to the provinces and territories for such things as health and social programs appears to confirm what Ontario has long suspected — only more so.
The $1.2 billion figure was provided by a source familiar with the report, to be released Thursday, who provided details on condition of anonymity because the report had not yet been made public. Details of how the parliamentary budget office reached its conclusions were not immediately available.
During the election campaign that delivered Premier Kathleen Wynne a majority government last week, the provincial Liberals accused Ottawa of slashing Ontario’s latest share of equalization payments by $641 million.
The Harper government has long insisted Ontario was receiving its fair share, based on the performance of the province’s economy…
The report on how the federal government provides financial support to the provinces and territories for such things as health and social programs appears to confirm what Ontario has long suspected — only more so.
The $1.2 billion figure was provided by a source familiar with the report, to be released Thursday, who provided details on condition of anonymity because the report had not yet been made public. Details of how the parliamentary budget office reached its conclusions were not immediately available.
During the election campaign that delivered Premier Kathleen Wynne a majority government last week, the provincial Liberals accused Ottawa of slashing Ontario’s latest share of equalization payments by $641 million.
The Harper government has long insisted Ontario was receiving its fair share, based on the performance of the province’s economy…
Canada’s Same-Sex Couples Face Financial-Planning Hurdles
– blogs.wsj.com
Canada was one of the first countries in the world to legalize same-sex marriage, but those couples continue to face obstacles when it comes to financial planning.
US investors in Canada: what to watch for
– moneysense.ca
Index investors in the US have always had it easier than Canadians, thanks to lower costs and more choices. Unfortunately, if those investors move to Canada, their plight becomes much more difficult.
Unlike Canada (and virtually every other western country), the US requires its citizens to file an annual return and potentially pay taxes even if they live abroad. The rules may apply even if you were born in Canada and have never lived in the US, since it’s possible to inherit citizenship from US-born parents. For tax purposes, “US persons” don’t even need to be citizens: they can also be Canadian green card holders or snowbirds.
Tax implications for US persons living in Canada are complex and often controversial: if you’re in this situation, you should seek help from an advisor who specializes in cross-border issues. But here’s a heads-up on two issues that have recently come up in which investors had no idea they were flirting with danger.
Don’t open a TFSA or an RESP. Tax-Free Savings Accounts (TFSAs) and Registered Education Savings Plans (RESPs) offer significant tax benefits for Canadians…
Unlike Canada (and virtually every other western country), the US requires its citizens to file an annual return and potentially pay taxes even if they live abroad. The rules may apply even if you were born in Canada and have never lived in the US, since it’s possible to inherit citizenship from US-born parents. For tax purposes, “US persons” don’t even need to be citizens: they can also be Canadian green card holders or snowbirds.
Tax implications for US persons living in Canada are complex and often controversial: if you’re in this situation, you should seek help from an advisor who specializes in cross-border issues. But here’s a heads-up on two issues that have recently come up in which investors had no idea they were flirting with danger.
Don’t open a TFSA or an RESP. Tax-Free Savings Accounts (TFSAs) and Registered Education Savings Plans (RESPs) offer significant tax benefits for Canadians…
The Toronto Stock Exchange’s benchmark stock index set an all-time closing high on Wednesday, six years to the day after the old record was set on June 18, 2008.
