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RRSP facts and guidance for 2017 + MORE Feb 19th
Save, invest, prosper with My Own Advisor.
The “RRSP season” is now in full swing but it’s important to know the ins and outs of this tax-deferred plan in order to optimize the use of this account for your financial situation. You’ll notice I didn’t write “time to buy RRSPs”. You d.... More »
A new marketing service for financial advisors + MORE May 5th
Like any financial advisor, you want to run the most profitable business you can.
But while the keys to a more successful practice are well known — attracting more clients, improving client retention, growing each client’s portfolio — few advisors have the resources required to perform th.... More »
TSX regains post-Brexit losses, Canadian dollar rises + MORE Jul 4th
The Toronto Stock Exchange rose by nearly 1.4 per cent today, recouping its losses after Britain's vote last month to leave the European Union..... More »
Hyundai Ioniq 6 Preferred Long-Range AWD: The best affordable EV in Canada for long-range driving for 2024 Nov 30th
When it comes to range for the dollar, the Hyundai Ioniq 6 Preferred Long-Range delivers maximum return on your investment. This electric vehicle (EV) provides a substantial advantage versus higher-priced models from BMW, Audi, Mercedes-Benz, Tesla, Lucid and Porsche. And it often delivers about 30%.... More »
TSX hits record high, now within striking distance of 17,000 points as oil rally continues - CBC News Sep 20th
TSX hits record high, now within striking distance of 17,000 points as oil rally continues CBC NewsThe Stock Market Is at a Record High: Is it Time to Get out? The Motley Fool CanadaMarkets in record territory - Business News Castanet.netView full coverage on Google .... More »
RRSP vs. TFSA: Which is right for you?
– moneysense.ca
Not sure whether to use an RRSP or TFSA for your retirement savings? That’s a common question. In general, those earning a low income (under $35,000 or so) should favour the TFSA, while high-income earners are likely to be better off with an RRSP. For those earning a moderate income, however, it’s a coin flip.
The table to the right illustrates this idea for three 40-year-old investors at different income levels. Someone earning $30,000 and expecting to withdraw $10,000 annually after age 65 is in danger of losing the Guaranteed Income Supplement if he or she uses an RRSP. At the other end of the spectrum, a high-income earner may see significant Old Age Security clawbacks from RRIF withdrawals, but would still be better off with an RRSP because that would be more than offset by the greater tax savings when contributions are made.
Remember, this illustration only helps you decide which contribution to makewith your first $5,500 of after-tax savings.If you can save more than that and you’rein a middle-income bracket—where the differences between the two accounts are modest—you could max out your TFSA and put the rest in your RRSP…
Yelp, Twitter, LinkedIn, Pandora and GoPro are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Yelp Inc., down $12.36 to $45.11
The online business reviews company reported better-than-expected quarterly results, but growth in the number of visitors to the site slowed.
Twitter Inc., up $6.75 to $48.01
The social media company reported better-than-expected results by drawing more users and expanding advertising.
LinkedIn Corp., up $25.43 to $263.40
The online professional networking service reported better-than-expected results and a boost in visitors.
Pandora Media Inc., down $3.17 to $15.24
The music streaming service reported worse-than-expected fourth-quarter profit and revenue and a weak 2015 sales outlook.
Nasdaq
GoPro Inc., down $7.25 to $47.12
The wearable camera maker set weak first-quarter guidance and announced the surprise departure of its chief operating officer.
Expedia Inc., down $10.13 to $77.87
The online travel company reported a drop in fourth-quarter profit and the results also fell short of Wall Street expectations…
NYSE
Yelp Inc., down $12.36 to $45.11
The online business reviews company reported better-than-expected quarterly results, but growth in the number of visitors to the site slowed.
Twitter Inc., up $6.75 to $48.01
The social media company reported better-than-expected results by drawing more users and expanding advertising.
LinkedIn Corp., up $25.43 to $263.40
The online professional networking service reported better-than-expected results and a boost in visitors.
Pandora Media Inc., down $3.17 to $15.24
The music streaming service reported worse-than-expected fourth-quarter profit and revenue and a weak 2015 sales outlook.
Nasdaq
GoPro Inc., down $7.25 to $47.12
The wearable camera maker set weak first-quarter guidance and announced the surprise departure of its chief operating officer.
Expedia Inc., down $10.13 to $77.87
The online travel company reported a drop in fourth-quarter profit and the results also fell short of Wall Street expectations…
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
Former Poseidon executive settles with SEC over fraud allegations
– theglobeandmail.com
Joseph Kostelecky has agreed to pay $75,000 (U.S.) to settle allegations he participated in a financial fraud that overstated the failed company’s revenue by $100-million (Canadian) in 2012
