Most of your money will be tied up in your home. Is your plan to leave that money to your children? If not, when would you want to access that money and how? When...
Also of note, RBC is set to buy HSBC’s Canadian assets. RBC also introduced a DRIP (Dividend Reinvestment Plan) that gives investors the opportunity to automatically reinvest their dividends at a 2% discount to...
Also, if I co-own this house with a colleague (not spouse/partner), is it automatically assumed to be “joint tenancy” or is it assumed to be “tenants in common” if it is not specified (i.e....
“Rather than try to learn an entire new set of management skills, he should take the easier, more sensible path: Hire someone who has real experience in social media and strong relationships with advertisers...
The Ontario surtax is more complex, so the calculation takes a few more steps, which you’ll see in the table below. Provincial Tax Owed Surtax Rates Up to $4,991 0% $4,991 to $6,387 20%...
Cooling inflation leads to red-hot day for the markets Part of being neighbours with the most powerful country in the world is that sometimes their news tends to get reported with a louder megaphone...
Shareholders liked what Canadian Natural Resources had to say the most, as the company announced it was raising its dividend by 13%, making it a 45% increase overall this year. With the stock up...
What’s the worst money advice you’ve ever received? If you get a paycheque, you should just put it in your savings account and let it sit there. Or, that you should work with the...
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors. Bank on higher interest rates leading to increased profits U.S. earnings...
Stocks vs GICs So, you asked, Sharon, if you should move your money into guaranteed investment certificates (GICs). GIC rates are great right now, paying 4.5% to 5%. Those rates could move higher still....