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Q: When transferring my unused RESP accumulated income into my RRSP, am I able to do it as is, i.e. bank stocks, or do I have to cash them in and transfer as cash?
—Johanna
A: If you end up with money in a Registered Education Savings Plan (RESP) that you can’t use for a child’s education, .... More »
The best high-interest savings accounts in Canada for 2024 + MORE Feb 6th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Almost two-thirds of Canadian households are saving for retirement, census data show, despite a national household savings rate that fell to 4.6 per cent in the second quarter of this year..... More »
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If you’re close to retirement or are a pensioner trying to manage your monthly budget, it helps to know when your Old Age Security (OAS) benefits are paid out. The government publishes the payment dates and provides a wealth of information about the program, but you may still have questions. We’.... More »
Minor Tweaks Won't Solve The Payday Loan Crisis + MORE Feb 22nd
The Ontario government is holding hearings on Bill 59 - Putting Consumers First Act, legislation that includes proposed changes to the Payday Loans Act.
The proposed changes are relatively minor (such as a prohibition on making a new loan until seven days have passed since the borrower repaid thei.... More »
Italian bank Intesa Sanpaolo returns to 4Q profit with higher commissions
– canadianbusiness.com
MILAN – Italian bank Intesa Sanpaolo returned to a profit in the fourth quarter of 2014, thanks to higher net fees and commissions and improvements in the credit market.
Italy’s second-largest bank by assets, Intesa Sanpaolo on Tuesday reported fourth-quarter net income of 48 million euros ($54 million), compared with a loss of 5.2 billion euros last year, when it write down investments to clear out its books ahead of a Europe-wide stress test.
Fees and commission rose 10 per cent to 1.8 billion euros, while net interest income was down 2 per cent to 2 billion euros.
For the year, Intesa posted profits of 1.25 billion euros, rebounding from a 4.5 billion euro loss in 2013. The bank said it has reduced its provisions for bad loans, reflecting improved credit trends.
The post Italian bank Intesa Sanpaolo returns to 4Q profit with higher commissions appeared first on Canadian Business.
Italy’s second-largest bank by assets, Intesa Sanpaolo on Tuesday reported fourth-quarter net income of 48 million euros ($54 million), compared with a loss of 5.2 billion euros last year, when it write down investments to clear out its books ahead of a Europe-wide stress test.
Fees and commission rose 10 per cent to 1.8 billion euros, while net interest income was down 2 per cent to 2 billion euros.
For the year, Intesa posted profits of 1.25 billion euros, rebounding from a 4.5 billion euro loss in 2013. The bank said it has reduced its provisions for bad loans, reflecting improved credit trends.
The post Italian bank Intesa Sanpaolo returns to 4Q profit with higher commissions appeared first on Canadian Business.
