PSA regarding FHSA
To maximize your 2023 tax savings with an FHSA, remember to make your contributions before December 31st. Unlike RRSPs, there's no option to carry over the first 60 days of 2024 contributions.
Additionally, if you're planning to contribute but lack the funds this year, consider opening an account and depositing a nominal amount, like $100. This strategic move will increase your carry forward room for next year to $7,900, which can be added to your regular $8,000 contribution limit, granting you a total of $15,900 available for contributions. Failing to do this could limit your next year's maximum contribution to just $8,000. Don't miss out on these opportunities!
Portfolio Dilemma: Hold or Add More?
I'm currently wrestling with a dilemma. Two significant positions in my portfolio have dipped by 15%. These are solid companies that I intend to hold for the long term. However, I've reached my allocation limit for them in my portfolio, so I can't increase my holdings. I'm curious, how do you handle such situations? Do you choose to patiently wait it out, or do you consider adding more & averaging down even when the stock has already reached its allocated percentage in your portfolio?
Rogers is fighting MVNO rate it was ordered to give Quebecor, after the Rogers-Shaw merger was premised on promises of Quebecor competition
'The chickens are coming home to roost' after $26-billion acquisition of Shaw by Rogers received final approval earlier this year. In July, the CRTC set the “mobile virtual network operator” (MVNO) rates Quebecor will pay Rogers to use Rogers’ cellular network. The regulator chose Quebecor’s rate in final-offer arbitration. With the rates set, Quebecor was expected to start offering cellphone service in more areas across the country.
Rogers is now fighting those rates, having filed an appeal of the CRTC’s decision in the Federal Court of Appeal on Aug. 23.
Rogers had assured both the government and Quebecor the rate the CRTC set in arbitration “would be binding and final. It would set the rate once and for all.”
“Now that the transaction has taken place and the necessary approvals have been obtained, Rogers is patently acting in bad faith by refusing to accept the decision,”
Rogers is fighting MVNO rate it was ordered to give Quebecor, after the Rogers-Shaw merger was premised on promises of Quebecor competition
'The chickens are coming home to roost' after $26-billion acquisition of Shaw by Rogers received final approval earlier this year. In July, the CRTC set the “mobile virtual network operator” (MVNO) rates Quebecor will pay Rogers to use Rogers’ cellular network. The regulator chose Quebecor’s rate in final-offer arbitration. With the rates set, Quebecor was expected to start offering cellphone service in more areas across the country.
Rogers is now fighting those rates, having filed an appeal of the CRTC’s decision in the Federal Court of Appeal on Aug. 23.
Rogers had assured both the government and Quebecor the rate the CRTC set in arbitration “would be binding and final. It would set the rate once and for all.”
“Now that the transaction has taken place and the necessary approvals have been obtained, Rogers is patently acting in bad faith by refusing to accept the decision,”
How exceptional is Canada’s 2023 fire season? Unprecedented, according to a map of the past century of fire activity
How exceptional is Canada’s 2023 fire season? Unprecedented, according to a map of the past century of fire activity
Cute!
Just hours after TransLink began selling limited-edition Compass keychains shaped like trolley buses, resellers are offering them online for as much as $600.
Just hours after TransLink began selling limited-edition Compass keychains shaped like trolley buses, resellers are offering them online for as much as $600.
Apple has reportedly started the production of its next-generation iPhone 15 in Tamil Nadu, India, reports Bloomberg.
Apple has reportedly started the production of its next-generation iPhone 15 in Tamil Nadu, India, reports Bloomberg. The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models. This comes shortly after the start of shipments from Chinese factories, highlighti...
The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models.
iPhone 15 production in India depends on the stock of imported components and the ramp-up of production lines at the Foxconn plant near Chennai.
Other Apple suppliers in India, such as Pegatron and a Wistron facility soon to be acquired by the Tata Group, are also expected to join the iPhone 15 production machine.
Apple has reportedly started the production of its next-generation iPhone 15 in Tamil Nadu, India, reports Bloomberg.
Apple has reportedly started the production of its next-generation iPhone 15 in Tamil Nadu, India, reports Bloomberg. The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models. This comes shortly after the start of shipments from Chinese factories, highlighti...
The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models.
iPhone 15 production in India depends on the stock of imported components and the ramp-up of production lines at the Foxconn plant near Chennai.
Other Apple suppliers in India, such as Pegatron and a Wistron facility soon to be acquired by the Tata Group, are also expected to join the iPhone 15 production machine.
Apple has reportedly started the production of its next-generation iPhone 15 in Tamil Nadu, India, reports Bloomberg.
Apple has reportedly started the production of its next-generation iPhone 15 in Tamil Nadu, India, reports Bloomberg. The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models. This comes shortly after the start of shipments from Chinese factories, highlighti...
The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models.
iPhone 15 production in India depends on the stock of imported components and the ramp-up of production lines at the Foxconn plant near Chennai.
Other Apple suppliers in India, such as Pegatron and a Wistron facility soon to be acquired by the Tata Group, are also expected to join the iPhone 15 production machine.
Apple has reportedly started the production of its next-generation iPhone 15 in Tamil Nadu, India, reports Bloomberg.
Apple has reportedly started the production of its next-generation iPhone 15 in Tamil Nadu, India, reports Bloomberg. The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models. This comes shortly after the start of shipments from Chinese factories, highlighti...
The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models.
iPhone 15 production in India depends on the stock of imported components and the ramp-up of production lines at the Foxconn plant near Chennai.
Other Apple suppliers in India, such as Pegatron and a Wistron facility soon to be acquired by the Tata Group, are also expected to join the iPhone 15 production machine.
Apple has reportedly started the production of its next-generation iPhone 15 in Tamil Nadu, India, reports Bloomberg.
Apple has reportedly started the production of its next-generation iPhone 15 in Tamil Nadu, India, reports Bloomberg. The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models. This comes shortly after the start of shipments from Chinese factories, highlighti...
The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models.
iPhone 15 production in India depends on the stock of imported components and the ramp-up of production lines at the Foxconn plant near Chennai.
Other Apple suppliers in India, such as Pegatron and a Wistron facility soon to be acquired by the Tata Group, are also expected to join the iPhone 15 production machine.
Rentals.ca August 2023 Rent Report
The average asking rent in Canada reached another record high of $2,078 in July. Rents increased 8.9% annually, the fastest pace of growth of the past three months. The 1.8% increase in average asking rents over June represented the fastest month-over-month growth of the past eight months.
Rentals.ca August 2023 Rent Report
The average asking rent in Canada reached another record high of $2,078 in July. Rents increased 8.9% annually, the fastest pace of growth of the past three months. The 1.8% increase in average asking rents over June represented the fastest month-over-month growth of the past eight months.
Rentals.ca August 2023 Rent Report
The average asking rent in Canada reached another record high of $2,078 in July. Rents increased 8.9% annually, the fastest pace of growth of the past three months. The 1.8% increase in average asking rents over June represented the fastest month-over-month growth of the past eight months.
Looks like they finally got the memo!
A new report from RBC found spending in Canada has showed signs of slowing in July, with retail sales excluding vehicles still climbing, but now at a slower rate.
A new report from RBC found spending in Canada has showed signs of slowing in July, with retail sales excluding vehicles still climbing, but now at a slower rate.
5% HISA... for the Long-run? (Podcast)
In this episode, we tackle the timely topic of higher interest rates and their potential impact on investors' decisions. With rates soaring to unprecedented levels, many are tempted to veer off their investment paths in pursuit of short-term gains. But is this a rational choice? We break it down and offer invaluable insights into why staying the course might be the wiser option.
5% HISA... for the Long-run?
In this episode, we tackle the timely topic of higher interest rates and their potential impact on investors' decisions. With rates soaring to unprecedented levels, many are tempted to veer off their investment paths in pursuit of short-term gains. But is this a rational choice? We break it down and offer invaluable insights into why staying the course might be the wiser option.
While it might not directly relate to Canadian Finance News, I believe we could implement a similar regulation for big banks in Canada. Currently, none of these banks have raised their deposit interest rates, and I think this practice should become the standard.
Italy approves 40% windfall tax on banks
Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward deposits.
Yes, According to a recent article and insights from University of Ottawa law professor Michael Geist, who holds the Canada Research Chair in internet and e-commerce law, it becomes evident why Australia was successful in striking a deal with Facebook to retain news content.
"Cyclospora infection can occur due to eating contaminated, imported raw produce, especially leafy greens, fresh herbs and berries. Locally-grown produce is not known to carry Cyclospora," the BCCDC said in a release.
The parasite is commonly found in tropical and subtropical areas, including Peru, Cuba, India, Nepal, Mexico, Guatemala, Dominican Republic, and Southeast Asia.
Symptoms of the illness can include diarrhea, abdominal cramps, nausea, and vomiting. Some people also experience a fever.
"One thing of note is that the diarrhea for cyclospora can last for quite a while — [it] can last for a few weeks," BCCDC public health physician Dr. Mayank Singal said.
Although I agree with the sentiment, I believe that checking your credit report only once a year leaves too long of a gap, especially in this modern age of rampant identity theft and frequent data breaches.
I strongly advise everyone to sign up for Credit Karma & Borrowell, which allows you to check your credit score and report every month. These apps also provide helpful notifications for significant changes in your score, helping you stay vigilant against potential threats.
Wealthsimple now offers 4% for ALL Cash clients
Previously: 1% for all clients, 3% for direct deposits over $500, 4% for $100,000 net deposits
Now: 4% for all clients, 4.5% for $100,000 net deposits, 5% for $500,000 net deposits
Wealthsimple now offers 4% for ALL Cash clients
Previously: 1% for all clients, 3% for direct deposits over $500, 4% for $100,000 net deposits
Now: 4% for all clients, 4.5% for $100,000 net deposits, 5% for $500,000 net deposits
Thank you for your input! I didn't realize that net worth in stocks, GICs, HISA & registered accounts could be considered eligible assets for borrowing in Canada, which is fantastic. I'm definitely going to look into this further.
Regarding Interactive Brokers, I have some reservations about their management style, especially after their chairman, who is also their largest shareholder, criticized retail investors during the GME short squeeze, suggesting that normal people buying and holding a stock and causing a squeeze is manipulation. It makes me question their trustworthiness.
I truly appreciate your insights and find them enlightening.
Thanks for sharing!
For anyone curious, here is what my current investment portfolio looks like,
In my mid-30s, I have maximized my contributions to my TFSA and I am currently focusing on maximizing my RRSP this year. Additionally, I have invested some funds in an unregistered account.
I currently hold a significant amount of cash in $CASH.TO as I am saving up to purchase my first property.
Looking ahead, my long-term objective is to engage in dollar cost averaging by investing in $XAW.TO every two weeks over the next 20-25 years.
One-third of my portfolio is currently allocated to CASH.TO 😄
However, this is intentional as I am saving this portion for the down payment on my first property.
Up: Just $746 more and I'll hit a new milestone in my investment portfolio! 🤩
Down: I'm just $746 short of reaching that milestone in my investment portfolio. 😩
Horizon ETF $CASH.TO yield of 5.41% as of July 13, 2023 - Management fees 0.10%, (Plus applicable sales tax)
Do Horizon ETFs typically increase their $CASH.TO distribution soon after a Bank of Canada rate increase? I’m curious if you’re familiar with the historical trend behind it.
Tangerine extends promotional interest rate offers to existing customers as well. As a long-standing customer myself, I recently benefited from 5.25% offer just last month.
What!? Those bastards only offered me 5.25% I should file a complaint with ombudsman for banking services /s