How to go about securing the best return for your investment in Canada.
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New Questrade ETFs not part of Portfolio IQ + MORE Mar 27th
(Blend Images/Hill Street Studios)
Here’s an interesting development in the general field of discount brokers, ETF makers and robo advisers.
Last November, Questrade Wealth Management Inc. (QWM, a subsidiary off discount brokerage Questrade Financial Group Inc.) launched an “online wealth manage.... More »
Silver Standard Resources posts 1st-quarter profit of $2.3 million + MORE May 11th
VANCOUVER – VANCOUVER, British Columbia (AP) _ Silver Standard Resources Inc. (SSRI) on Wednesday reported first-quarter earnings of $2.3 million.
The Vancouver, British Columbia-based company said it had net income of 3 cents per share. Earnings, adjusted for non-recurring costs, came to 11 c.... More »
Greek shares nosedive after ECB move to limit borrowing options for country’s banks + MORE Feb 5th
ATHENS, Greece – Jittery investors dumped Greek shares Thursday after the European Central Bank tightened the screws on the country’s banking system, piling pressure on the new anti-austerity government to seek a compromise with bailout creditors.
Shares on the volatile Athens stock exch.... More »
Meet the Advisors Who Are Expanding Wealth and Enhancing Legacy Planning Jun 13th
Established families and business leaders trust the boutique wealth advisory firm to multiply wealth and maximize estate value. Leveraging innovative and sophisticated financial strategies, they’re creating monumental financial impact.
Movsessian and Kachani speak about establishing the f.... More »
Inexpensive N.S. mansion that captivated Internet is sold over asking + MORE Mar 7th
An historic manor in rural Nova Scotia that captivated social media users with its ornate finishes and rustic charm has sold over asking _ and it may have coattails for other well-priced prestige properties in the province.
The 107-year-old Mounce Mansion in Newport Landing was listed last month at .... More »
Name Changes Needed to Canadian Financial Accounts
– myownadvisor.ca
As part of financial literacy month, for today’s post, I thought I’d propose a few changes I feel are necessary to some Canadian financial accounts. Let me know what you think about my proposals in a comment below or a Tweet.
Registered Retirement Savings Plan (RRSP) changes to Tax Deferred Retirement Account (TDRA)
When you put money into an RRSP, you get a receipt proving how much that contribution is. So, with that contribution you can reduce your taxable income. This makes this account almost the perfect retirement choice to save money and grow money tax-deferred until you take the money out. Remember though, you do have to pay taxes on money withdrawn from this account. While you can borrow money from this account to help with a home purchase or some education, there are payback requirements for those choices. I like to think of this account as a Tax Deferred Retirement Account (TDRA).
Registered Education Savings Plan (RESP) changes to Tax Free Education Account (TFEA)
This account was designed as a savings plan for your child’s post-secondary education and while most RESPs are opened for children, you can open an RESP for yourself…
Registered Retirement Savings Plan (RRSP) changes to Tax Deferred Retirement Account (TDRA)
When you put money into an RRSP, you get a receipt proving how much that contribution is. So, with that contribution you can reduce your taxable income. This makes this account almost the perfect retirement choice to save money and grow money tax-deferred until you take the money out. Remember though, you do have to pay taxes on money withdrawn from this account. While you can borrow money from this account to help with a home purchase or some education, there are payback requirements for those choices. I like to think of this account as a Tax Deferred Retirement Account (TDRA).
Registered Education Savings Plan (RESP) changes to Tax Free Education Account (TFEA)
This account was designed as a savings plan for your child’s post-secondary education and while most RESPs are opened for children, you can open an RESP for yourself…
4.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online.
5.5 year – 3.00%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online.
World according to Bank of Cda head Poloz: cloudy with chance of spaghetti sauce
– canadianbusiness.com
OTTAWA – Not every central banker compares the economy to a simmering pot of spaghetti sauce. And when Stephen Poloz used the analogy at a luncheon in June, it left many puzzled.
Five months later, there’s a growing comfort with the new governor of the Bank of Canada — and with his colourful, occasionally weird use of metaphors, sometimes drawing on his favourite TV series, Star Trek.
Poloz, 58, brings a common touch to the most august financial institution of the country, speaking in language more easily understood by non-economists and more couched, less declaratory than that of his superstar predecessor, Mark Carney.
A language, many analysts say, appropriate to an age marked by uncertainty and risk.
It’s still early in Poloz’s seven-year mandate, but bank watchers have noticed the shift in tone.
Carney tried to shame business executives to take a leap of faith and spend their “dead money.” Poloz — who had dealt with CEOs one-on-one for 15 years as head of Export Development Canada — sympathizes with their reluctance…
Five months later, there’s a growing comfort with the new governor of the Bank of Canada — and with his colourful, occasionally weird use of metaphors, sometimes drawing on his favourite TV series, Star Trek.
Poloz, 58, brings a common touch to the most august financial institution of the country, speaking in language more easily understood by non-economists and more couched, less declaratory than that of his superstar predecessor, Mark Carney.
A language, many analysts say, appropriate to an age marked by uncertainty and risk.
It’s still early in Poloz’s seven-year mandate, but bank watchers have noticed the shift in tone.
Carney tried to shame business executives to take a leap of faith and spend their “dead money.” Poloz — who had dealt with CEOs one-on-one for 15 years as head of Export Development Canada — sympathizes with their reluctance…
Steady financial performance fuels gains in life insurance stocks
– theglobeandmail.com
The current investment climate – modestly higher government bond yields and rising equity markets – is allowing the insurers to build their businesses at home and abroad
