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We have few assets. Can we skip having a will? + MORE Jun 3rd
Q: Ed, my husband and I do not have a will. We have no house but do have an RRSP, a little cash, and two children (ages 14 and 12). Should we have a will? If so, what type of will is acceptable/legal without seeing a lawyer, seeing that we do not have much in the way of assets.
—Pam
A: Pam, the .... More »
“Get to know and minimize the investing fees you pay”: Michael McCullough, MoneySense contributing editor + MORE Nov 1st
Financial writer and editor Michael McCullough has made a career of helping Canadians understand a wide range of money topics, from real estate to alternative investments. In addition to being a MoneySense contributor and contributing editor, Michael writes for The Globe and Mail and BCBusiness, and.... More »
Retiring on bonds? + MORE Jun 24th
This is the fourth post of Jonathan Chevreau’s new column, Retired Money, which will explore smart ways to draw down income in retirement and semi-retirement.
Just how tough is it for modern retirees to generate a liveable income solely from fixed-income investments? According to BMO Asset Man.... More »
Tax implications of making transfers between registered accounts + MORE Dec 21st
Ask MoneySense
I had a locked-in pension, which I converted to a life income fund (LIF). I also took advantage of the ability to unlock up to 50% of the LIF within 60 days and put $120,000 into an RRSP. I did not receive any funds—so I was shocked when I received a T4RIF for $120,000, which means .... More »
Divorce over 50: managing your finances if you find yourself single in the run-up to retirement Aug 3rd
Divorce is certainly not new—but what’s emerging as a trend is the choice to split later in life. Dubbed grey divorce, these marital splits, happening close to or in retirement, are reportedly on the rise, and they can have a significant financial impact.
Married couples are generally subject .... More »
Financial PostOttawa opens door to new shared-risk pension plansThe Globe and MailThe Conservative government is throwing a new idea into the heated debate over pensions, launching a national discussion of proposed new plans that share the investment risk between employers and employees. Minister of State for Finance Kevin …Ottawa to propose risk-sharing pension schemeToronto StarConservatives 'balancing books on Ontarians' backs': Ontario Finance MinisteriPolitics.ca (subscription)Ottawa to propose new pension scheme; won't budget on CPP expansionCTV NewsOttawa Sun -Times Colonistall 21 news articles »
A retirement planner, 69, lays out her own exit strategy
– thestar.com
After 18 years with an investment firm offering advice on retirement, financial planner Christine Fahlund is organizing her own retirement.Ottawa to propose risk-sharing pension scheme
– thestar.com
Minister of state for finance Kevin Sorenson is expected to announce a new risk-sharing pension proposal for federally regulated companies.
We’re in it for the long haul
– moneysense.ca
Play: MoneySense Editor Jonathan Chevreau talks retirement planning with 680 News’ Mike Eppel For more on this topic read, “We all run pensions now.”
The post We’re in it for the long haul appeared first on MoneySense.
Toll road operator 407 International sees profits fall in Q1 despite revenue jump
– canadianbusiness.com
TORONTO – Toll highway operator 407 International Inc. says net income declined in the first quarter even as revenues revved up more than 10 per cent.
The company which operates Ontario’s 407 electronic toll road says net income fell to $35.3 million from $52.4 million as interest and other expenses climbed to $86.4 million from $50.2 million.
Revenue shot up to $185.3 million from $166.7 million as the total number of trips climbed to $26,092 in the quarter from 25,416 in the compared year-earlier period, while average revenue per trip rose to $7.09 from $6.55.
407 International Inc. is jointly owned by Cintra Infraestructuras S.A., a wholly owned subsidiary of Spain’s Ferrovial S.A., with a 43.23 per cent interest, and subsidiaries of the Canada Pension Plan Investment Board, 40 per cent, and by Montreal-based engineering giant SNC-Lavalin (TSX:SNC) with a 16.77 per cent holding.
The post Toll road operator 407 International sees profits fall in Q1 despite revenue jump appeared first on Canadian Business.
The company which operates Ontario’s 407 electronic toll road says net income fell to $35.3 million from $52.4 million as interest and other expenses climbed to $86.4 million from $50.2 million.
Revenue shot up to $185.3 million from $166.7 million as the total number of trips climbed to $26,092 in the quarter from 25,416 in the compared year-earlier period, while average revenue per trip rose to $7.09 from $6.55.
407 International Inc. is jointly owned by Cintra Infraestructuras S.A., a wholly owned subsidiary of Spain’s Ferrovial S.A., with a 43.23 per cent interest, and subsidiaries of the Canada Pension Plan Investment Board, 40 per cent, and by Montreal-based engineering giant SNC-Lavalin (TSX:SNC) with a 16.77 per cent holding.
The post Toll road operator 407 International sees profits fall in Q1 despite revenue jump appeared first on Canadian Business.
