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Dude, Where’s My Distribution? Feb 9th
Investors using the TD e-Series mutual funds may have noticed an unusual episode at year-end. The TD International Index Fund (TDB911), which has been making quarterly distributions for years, did not make one in December 2020. This has caused some confusion, so let’s try to clear up The Curio.... More »
BHP trying to acquire Anglo American, threatening Teck takeover - The Globe and Mail Nov 23rd
BHP trying to acquire Anglo American, threatening Teck takeover The Globe and MailBHP BHP Drops Anglo American Tie-Up Plan, Canva’s IPO plans: Australia Briefing Bloomberg.comMining giant BHP makes renewed takeover bid for rival Anglo American, source says CNBCBHP .... More »
Wall Street and the dollar tumble as investors retreat further from the United States - Yahoo + MORE Apr 21st
Wall Street and the dollar tumble as investors retreat further from the United States YahooStock market today: Dow sinks 1,200 points, S&P 500, Nasdaq tank with Trump's tariffs, Powell bashing in focus Yahoo FinanceNorth American stock markets fall further as Trump’s Fed .... More »
2023 tax credits, due dates and when you can file: Your 2023 income tax return guide Mar 18th
You’ll want to bookmark the MoneySense guide for 2023 personal income taxes. We will be updating it frequently, as information becomes available and deadlines approach. Plus, we get answers from the experts you won’t find anywhere else, thanks to our Ask MoneySense and Ask A Planner columns.&nbs.... More »
For Canadians living abroad, is it worth investing in foreign ETFs? Mar 28th
Ask MoneySense
I’m a Canadian citizen who moved from Europe 2 years ago. I have some savings in EUR and I’m considering investing in VWCE (around 50,000 EUR).
I’m assuming this will complicate my tax returns in Canada. Are the extra complications worth it? What would you recommend in this c.... More »
The Toronto Stock Exchange rose to its highest close of 2016 on Tuesday, as it finished with a gain of 33.27 points to hit 13,952.85.
Real estate firms skirting anti-money laundering rules
– moneysense.ca
TORONTO – At least 85 real estate companies have not implemented a plan showing how they are trying to detect money laundering and other suspicious transactions, nearly 15 years after they were required to do so, according to data obtained by The Canadian Press.
The federal anti-money laundering agency received 337 compliance reports from roughly 1,000 companies in the real estate sector it surveyed — including brokers, sales representatives and developers — between Jan. 1, 2013, and Feb. 8, 2016.
The data, which was obtained through an access-to-information request, represents only a small sampling of the real estate industry. There are about 20,000 companies in the real estate sector that are required to report to Fintrac.
An analysis of the data contained in those reports found that roughly a quarter of the 337 respondents admitted they had not yet fully implemented a compliance regime, which has been required by federal anti-money laundering laws since 2001.
Top cities to buy real estate in 2016 »
Thirty-eight of the companies said they had only partially implemented a compliance regime, while the other 47 said they had not even begun to do so…
The federal anti-money laundering agency received 337 compliance reports from roughly 1,000 companies in the real estate sector it surveyed — including brokers, sales representatives and developers — between Jan. 1, 2013, and Feb. 8, 2016.
The data, which was obtained through an access-to-information request, represents only a small sampling of the real estate industry. There are about 20,000 companies in the real estate sector that are required to report to Fintrac.
An analysis of the data contained in those reports found that roughly a quarter of the 337 respondents admitted they had not yet fully implemented a compliance regime, which has been required by federal anti-money laundering laws since 2001.
Top cities to buy real estate in 2016 »
Thirty-eight of the companies said they had only partially implemented a compliance regime, while the other 47 said they had not even begun to do so…
What to do with your extra cash
– moneysense.ca
(Getty Images)Q: I am turning 30 this year and make around $60,000 a year and was wondering what the best thing to do with some extra money is? I have $10,000 saved in an emergency fund sitting in a high-interest bank account at my bank, so I am covered in case of emergency. Is this the best place for this?
On top of that I have around $5,000-$10,000 extra I am looking to use to start investing and was wondering where it should be put. I have no debt other than a mortgage for $90,000 with 10 years left at 3% which I am already paying an extra 10% per payment towards. I have an RRSP through my work, but I am only contributing 3% in order to max out their matching 3%. I am doing the minimum because it has a high MER of about 2.75%.
I was thinking of starting a Couch Potato Portfolio via a robo-advisor site or inside of a TFSA as I have never contributed to a TFSA. I have never done any investing other than RRSPs through my jobs so I could use some advice to ensure I am using my money wisely…
