Canada Finance

What Would Warren Buffett Do With Canadian Assets?

John McKay | Posted 12.09.2014 | Canada Business
John McKay

The short term problem is that Alberta has expensive oil which will make it challenging for all governments to achieve their fiscal goals. Revenues are down. Already we are seeing the incredible shrinking surplus of the Harper government. Medium term the market will right itself and business will pick up.

Give a Little and Get a Lot: Giving to Charity This Holiday Season

Cindy Crean | Posted 12.04.2014 | Canada Impact
Cindy Crean

A growing number of wealthy people have decided to pledge their fortunes to charity rather than leaving large inheritances to their children or extended family. Giving to charity isn't just a smart strategy for community-building: it provides tax benefits too.

Mutual Fund Purchase Options Are Not All Equal

Coreen T. Sol, CFA | Posted 11.21.2014 | Canada Business
Coreen T. Sol, CFA

Take a look at your most recent investment statement. Do you see the acronym DSC on any of the pages? If you do, you'll want to keep reading.

How to Find the Perfect Financial Advisor for You

Bob Stammers | Posted 10.23.2014 | Canada Business
Bob Stammers

Finding "the right one" these days can be very complicated, and by the one I mean the right financial advisor! Searching for an advisor that is the perfect match takes time, effort and plenty of research. Finding the right financial advisor is not necessarily a simple task but it can be straightforward if you follow some basic guidelines.

Common Risks for Common-Law Relationships

Ashley Redmond | Posted 12.15.2014 | Canada Living
Ashley Redmond

Marriage is on the decline in Canada and that cohabitation is on the rise. In 1961, less than 1 per cent of families lived in a cohabitation structure; now almost 20 per cent of families are spearheaded by common-law couples. Here are three things to consider before you shack up.

Conservatives Would Rather Cover Their Blunders Than Create Jobs

Emmanuel Dubourg | Posted 12.13.2014 | Canada Politics
Emmanuel Dubourg

Given the country's high unemployment, the Conservatives' small business tax credit comes at a bad time. That's because it's bound to cost the Canadian economy 10,000 jobs in the long term.

Connecting to Compete: Logistics Management

Umar Zulqarnain | Posted 11.12.2014 | Canada Business
Umar Zulqarnain

Building and managing a world-class supply chain is difficult regardless the economic climate. Transporting goods quickly and efficiently is a complex task that requires coordinating and managing a number of variables within a fast-paced and volatile environment.

Tips for Getting Back-to-Business With a Smile

Jane Blaufus | Posted 11.01.2014 | Canada Business
Jane Blaufus

Alright. You are back at work, sitting at your desk looking at your computer screen. Many entrepreneurs go through this once school is back in session, and just like the kids that are back to a routine, it's time for you get back to one as well. Take a deep breath, loosen the tension in your shoulders and breathe!

Study: Autonomics Will Kill Half of North America's Jobs

Joseph Soares | Posted 10.19.2014 | Canada
Joseph Soares

High-paying, high-skill service jobs like legal research and radiology imagery analysis are already beginning to be served by robots. The question is not if, but when the exponential growth of computing technology will allow for jobs that may be viewed as safe from automation to be taken over.

How Smart is Smart Beta, Really?

Bob Stammers | Posted 10.14.2014 | Canada
Bob Stammers

It has been said that in investing, what is comfortable is rarely profitable. This perhaps explains why the investment landscape is littered with novel and sometimes unsuccessful money making strategies.

Estate Planning Will Give Your Loved Ones Peace of Mind

Andrew Sheppard | Posted 10.06.2014 | Canada Business
Andrew Sheppard

Being the executor of a loved one's estate can be a very difficult task. With an estate plan in place and by taking a few basic steps to prepare, you can reduce the stress and loss of estate value considerably. Estate planning involves tough questions that ultimately give you and your loved ones peace of mind.

Extending the Powerful Impact of Public-Private Partnerships in Canada

Joseph Soares | Posted 09.20.2014 | Canada Business
Joseph Soares

Since their overall objective should be to find ways to deliver better services more efficiently to Canadians, and given their remarkable record of success, shouldn't Canada forge ahead with a stronger agenda for more Private-Public Partnerships?

Ontario Must Make the Retirement Pension Plan a Priority

Yves Guillaume A. Messy | Posted 09.14.2014 | Canada Politics
Yves Guillaume A. Messy

Tim Hudak had no plan to address this pension crisis and the provincial Conservatives are, in fact, out of the picture on this issue. There is very little disagreement between the Ontario Liberals and the Ontario NDP when it comes to the need to restructure existing federal and provincial retirement coverage, with or without federal impetus.

Before Your Debt Gets Out of Control, Make a Plan

Shaun Goolcharan | Posted 08.16.2014 | Canada Business
Shaun Goolcharan

For the average person, debt management seems like a simple strategy. But it is easy for debt to get out of control -- the sooner you make a plan and stick to it, the better it will be for you in the long run.

What I Learned This Week: What I Would Do If I Were 22 (Again!)

Andy Nulman | Posted 08.16.2014 | Canada
Andy Nulman

I am very conscious of what and how I eat. And I am exercise-obsessive, not just working out like a grunting fiend, but also evangelizing my tools of choice TRX and Rip-Trainer to anyone who will listen, and many who won't. These two immutable elements of a healthy lifestyle were unfathomably foreign to me back then.

Would You Trust a Robot With Your Finances?

Bob Stammers | Posted 08.10.2014 | Canada Business
Bob Stammers

Investing and managing money might seem like one such task that requires a large amount of personal attention and professional advice. However, an increasing number of investors have started looking to technology to help manage their money. This trend has seen the rise of a new breed of wealth manager -- "the robo-advisor."

Is it Better For Your Taxes to Be Married or Common Law?

Andrew Sheppard | Posted 07.20.2014 | Canada Business
Andrew Sheppard

Wedding season is upon us. I am a supporter of marriage; after all, I am happily married. However, it's worth considering whether it's more financially beneficial to be married or live in a common-law arrangement.

How to Smooth the Wealth Transfer From Parents to Children

Leanne Kotchonoski | Posted 07.01.2014 | Canada Business
Leanne Kotchonoski

A successful estate distribution is one in which the family receives as much (and the taxman as little) as possible and the family is still able get together for the holidays without too much drama. Take steps to make this outcome likely by initiating a family discussion today.

Budgeting Today Will Set You Up For Success Tomorrow

Shaun Goolcharan | Posted 06.14.2014 | Canada Business
Shaun Goolcharan

Do you have a budget? It is one of the most fundamental steps in making your money work for you. A personal budget is a basic estimation of the revenue and expenses over a specified period of time. Whether your goal is a down payment for a new house, saving for your child's education, a dream vacation or simply retirement, a budget is the answer to helping you reach your financial goals.

Don't Get Upsold - Treat Your Bank Like a Store

Tim Paziuk | Posted 06.12.2014 | Canada Business
Tim Paziuk

Is our financial system broken or just designed to take advantage of the average person? When you go to the bank to make a deposit or pay a bill are you expecting to be sold? Probably not, but it happens all the time.

Are You Happy With the Way Quebec's Resources Are Being Used?

Amber Rehman | Posted 06.02.2014 | Canada Politics
Amber Rehman

1,000,000 people in Quebec don't file their taxes every year. If each of those people owe taxes of... I don't know... let's say $624 each (an extremely low estimate given that the average amount of taxes paid by a Quebecer is around $10,000), then I'd say an investment of $600k in "FILE YOUR TAXES" billboards, print and TV ads might have helped us to avoid this huge debt hole.

Can You Account For the Cost of Friendship?

Tim Paziuk | Posted 05.26.2014 | Canada Business
Tim Paziuk

When dealing with advisors, an important consideration is competency. If the person you're working with isn't competent, how much is it costing you? I might find that my client's banker is overcharging them or their accountant is less than adequate, only to hear them say that they can't move their business because the person they deal with is nice or maybe even a friend.

Is the Financial Sky About to Fall?

Tim Paziuk | Posted 05.06.2014 | Canada Business
Tim Paziuk

Today most people don't want to believe that the US could default on its obligations, but the simple truth is that nothing, I mean nothing, can continue to expand and not explode. It's a simple law of physics. So is the sky falling? You tell me. And if it is, how can you best prepare for it?

Have You Met Your RRSP?

Shaun Goolcharan | Posted 04.16.2014 | Canada
Shaun Goolcharan

Each year you are required to take out a portion of your savings from your RRIF, which is subject to tax, but there's no limit on how much you can withdraw. In addition you can name your spouse as a beneficiary, so RRIF assets can be transferred to your spouses' RRIF or RRSP on your death. You can't keep your savings in an RRSP forever.

The Difference Between a Mutual Fund and a Seatbelt

Tim Paziuk | Posted 03.30.2014 | Canada Business
Tim Paziuk

Like seatbelts, when it comes to public safety, the Federal Government can intervene. So why ban on Deferred Sales Charges? Quite simply, it's an issue of public safety. There is nothing beneficial to the consumer about a DSC. As a matter of fact, it's nothing more then a legalized trap created by companies that produce and market mutual (and segregated) funds.