How to go about securing the best return for your investment in Canada.
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Sears and Kmart remove some Trump products online + MORE Feb 13th
Sears and Kmart have evicted “a very small number” of Trump-branded items from their online stores, but won’t specify how many and emphasize that hundreds of products are still available through their third-party online marketplaces.
It’s another sign of how companies are try.... More »
5 things to know before the stock market opens Thursday - CNBC Apr 20th
5 things to know before the stock market opens Thursday CNBCStocks muted as investors weigh earnings, Beige Book: Stock market news today Yahoo Canada FinanceStocks Pressured as Bond Yields Climb on Inflation Concerns BarchartThe close: Toronto market pares its decli.... More »
Who pays tax on cash gifts in Canada? Mar 19th
Ask MoneySense
Is there a tax on cash gifts to children in Ontario?
—Virginia
Tax on gifts and loans to children in Canada
When you give cash to a child, Virginia, there are generally no tax implications for the recipient. They do not have to worry about paying tax on it, no matter where.... More »
How RRIF withdrawals work when you have multiple registered accounts Mar 4th
Ask MoneySense
If I convert, say, 50% of my RRSP to RIF, is the mandatory withdrawal calculation based on the converted 50% or the total (unconverted) RRSP and converted RIF? Does Canada Revenue Agency inform me how much I need to withdraw every year from my RIF?
—Jackie
Withdrawals from m.... More »
Toronto and area home sales dip 39.5 per cent in March compared to year prior + MORE Apr 4th
TORONTO _ Canada’s largest real estate board said Greater Toronto Area home sales in March were down 39.5 per cent from a frenzied pace last year, as the market continued to feel the effects of cooling measures introduced at both the provincial and federal levels.
Both sales and price figures .... More »
Donald Trump and the enduring appeal of the 1980s
– macleans.ca
(Mark Wallheiser/Getty Images)NEW YORK — Bobby Knight. Don King. Sylvester Stallone.
Many of President-elect Donald Trump’s cultural touchstones, which he’d frequently name-drop at campaign rallies and on Twitter, were at their peak in the 1980s — the decade Trump’s celebrity status rose in New York, Trump Tower was built, “The Art of the Deal” was published and he first flirted with running for public office.
The “Go Go 1980s” of New York were spurred by Wall Street’s rise. It was a brash decade in which excess was the norm and ostentatious displays of wealth and power were celebrated in pop culture and among Manhattan’s elite. And while much of what defined the 1980s has since gone out of style, Trump has seemingly internalized its ethos, which is reflected in the decor of the Trump Tower lobby and the celebrities he stood alongside during the campaign.
An outer-borough New York developer trying to prove himself across the East River, Trump always sought approval of Manhattan’s ruling class and was eager to make a name for himself, according to those who tangled with him during that formative decade…
Your Money or Your Life Review
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.
“In The Millionaire Next Door the authors, Thomas J. Stanley and William D. Danko, note that people who have achieved a high net worth relative to income know how much they are spending on clothes, travel, housing, transportation, etc., and those who don’t achieve high net worth relative to income have no idea how much they spend. It’s a stark contrast.” – Your Money or Your Life
Author Vicki Robin in Your Money or Your Life frequently equates ample savings (and investments) with freedom. This means you have the freedom “to leave your job if the boss is intolerable or the benefits have just been yanked.” With sufficient savings (and investments) you have the opportunity to transform your life, including achieving financial independence if you want to. Here are my takeaways and favourite parts from Your Money or Your Life; what you’ll read about should you wish to pick up a copy.
Change your thinking
In the book’s prologue, Robin likens financially independent thinking to cartography – you need to create your own map…
“In The Millionaire Next Door the authors, Thomas J. Stanley and William D. Danko, note that people who have achieved a high net worth relative to income know how much they are spending on clothes, travel, housing, transportation, etc., and those who don’t achieve high net worth relative to income have no idea how much they spend. It’s a stark contrast.” – Your Money or Your Life
Author Vicki Robin in Your Money or Your Life frequently equates ample savings (and investments) with freedom. This means you have the freedom “to leave your job if the boss is intolerable or the benefits have just been yanked.” With sufficient savings (and investments) you have the opportunity to transform your life, including achieving financial independence if you want to. Here are my takeaways and favourite parts from Your Money or Your Life; what you’ll read about should you wish to pick up a copy.
Change your thinking
In the book’s prologue, Robin likens financially independent thinking to cartography – you need to create your own map…
Donald Trump, who will be inaugurated as the next U.S president on Jan. 20, brings with him a high level of uncertainty for 2017, investment managers and economists say.
