Despite market shifts, people aren't abandoning bonds.
A leaked document appears to reveal Department of Finance and CRA may deviate from a tax deal struck with the U.S.
Options for an indebted software entrepreneur facing a health crisis
Elsa Koertig, 48, is a single mom and schoolteacher in Moose Jaw, Sask. She earns $65,000 annually and her daughter Ingrid is heading to university. Ingrid’s straight As and clean sweep of provincial and national science fairs caught the attention of Ivy League schools, and her heart’s set on Princeton. She’s earned generous scholarships, but even after factoring in RESPs, the family faces a $10,000 annual shortfall. Elsa’s coming off a messy divorce and is saddled with mortgage, car and other debt payments. But if she could access the $100,000 stock-and-bond portfolio her deceased parents left her in trust, she’d be able to send Ingrid to Princeton. Elsa’s foggy on the details. She knows how much is in the trust, and remembers her parents saying they wanted it to fund her retirement. Can she tap the trust sooner?
Interest rates have nowhere to go but up, which makes fixed-income investors nervous. A way they can benefit from that rise is through floating-rate debt.
Economic priorities will trump politics as the crisis in the Ukraine unfolds, say BMO experts.
Robert Mendenhall is vice president of tax and estate planning at Richardson GMP Ltd.
The U.S. market outperformed last year, but clients shouldn't give up on Canada.
Housing and retail sales will weigh on Canada.
CRA's changes will make it easier to meet the new reporting requirements.