• How your advisor is helping you avoid ‘The Big Mistake’

    Perhaps the main role of a professional advisor is to ensure that clients avoid “The Big Mistake.” Of all the advances in the field of personal finance, there may be none more important than certain fairly recent discoveries in behavioural finance.
    Behavioural finance is the study of how emotional decisions caused by human factors lead to poor investment choices and reduced investment returns. A growing body of research demonstrates how this human side of investment decision-making h
  • In defence of that crazy Refinery29 Money Diaries article

    Ever wondered how it’s possible to live on an intern’s salary in New York City? Refinery29 tried to answer that question in a recent instalment of their Money Diaries series, this one about a 21-year-old who works in marketing for an HR company. The story received swift backlash on social media from users calling out the fact that the intern in question is in-fact living on much more than her reported $25/hour salary. In addition to her wage, the anonymous woman says that she re
  • What to do in Montreal (and how much to spend)

    Are you looking for a long weekend break but don’t want to travel too far? Montreal is the perfect city to visit with its rich mix of food, festivals and culture. It doesn’t matter if you’re visiting as a couple or a family of four, the city has so much to offer and can been seen on a reasonable budget without sacrificing any fun.
    Transportation
    Cost: Approximately $200 – $1,000The price of getting to Montreal can vary quite a bit depending on where you’re departing
  • Why you may want to opt out of your employer’s health benefits

    TORONTO — Health benefits such as massages, eyeglasses and prescription drugs are often seen as must-have employee perks, but many Canadians may be unwittingly paying for their benefits twice and might want to consider opting out, experts say.
    Those who have extended health and dental coverage through a spouse, partner or parent may not need coverage from their own employer — which isn’t always free.
    “It doesn’t make sense to have double coverage,” said Rubina
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  • Acquiring a mortgage is about to get easier for self-employed Canadians

    OTTAWA — Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage.
    The national housing agency says it’s giving lenders more guidance and flexibility to help self-employed borrowers.
    Self-employed Canadians may have a harder time qualifying for a mortgage as their incomes may vary or be less predictable.
    CMHC is providing examples of factors that can be used to support the lender’s decision to lend to borrowe
  • Can a U.S. citizen roll IRA money into a Canadian charity tax-free?

    Q: I have a question concerning the rollover of IRAs upon reaching age 70 1/2 in the U.S. Can a U.S. citizen roll a portion of the IRA into a Canadian charity without incurring the income tax? As it is necessary to start withdrawal by this age—and the income is not needed—would this be a way of giving to a Canadian university that the donor alumni are currently supporting?
    —Tim
    A: Yes, Tim, you can make a tax free charitable rollover from a U.S. IRA to most Canadian univer
  • Condos rushing to ban pot smoking before legalization

    Gerald Major goes out on the back balcony of his condo several times a day, leaning against the wall and smoking or vaping medicinal cannabis to ease the pain and other symptoms of severe arthritis.
    But the looming legalization of recreational marijuana may put his daily ritual in jeopardy, as condominium corporations and apartment buildings across the country scramble to enact rules that would ban pot smoking inside units, on balconies and in common areas used by residents.
    “I don’t
  • Do Canadian expats have to pay income tax?

    Q: I am Canadian citizen living in Pakistan since 2002.
    I have no home or family in Canada. I do not take any Canadian benefits for myself or for my family.
    Q1) Do I have to file income tax and wealth statements in Canada?
    Q2) If I ever plan to come back to Canada, will I have to pay tax on money I earned while living in Pakistan?
    —Adnan
    A: Canadian taxation is based on residency, Adnan. So, a Canadian citizen generally only files tax returns while resident in Canada, although th
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  • Kutak Rock Welcomes Public Finance Attorney Albert Reyes - PR Newswire (press release)

    Kutak Rock Welcomes Public Finance Attorney Albert Reyes
    PR Newswire (press release)
    LOS ANGELES, July 16, 2018 /PRNewswire/ -- Kutak Rock is pleased to announce that attorney Albert Reyes has joined its national public finance practice group and will be resident in the firm's Los Angeles and Irvine offices. Mr. Reyes is a public ...
  • A few items of note on the agenda for Stratford's Finance and Labour Relations Sub-committee - My Stratford Now

    My Stratford Now
    A few items of note on the agenda for Stratford's Finance and Labour Relations Sub-committee
    My Stratford Now
    It's a quiet month around Stratford City Hall with just once council meeting taking place. However, the Finance and Labour Relations Sub-committee is set to meet Tuesday afternoon with a few items of note on the agenda. Those include a quarterly report ...
  • Open Source Expands In Finance With The FINOS Platform - Forbes

    Forbes
    Open Source Expands In Finance With The FINOS Platform
    Forbes
    Green Key Technologies, a leader in sophisticated voice technologies primarily for the finance industry, has announced it will continue its move toward open source by contributing its GreenKey software development kit (SDK) to FINOS, the Fintech Open ...
  • Sustainable finance: What a difference a decade makes - Euromoney magazine

    Euromoney magazine
    Sustainable finance: What a difference a decade makes
    Euromoney magazine
    Ten years on from a financial crisis often portrayed as caused by the greed of bankers, we are talking recycled carpets and alleviating poverty. It is a genuinely good thing. Order. AddThis Sharing Buttons. Share to Print Share to Facebook Share to ...and more »
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  • Hong Kong's Blockchain Trade Finance Platform to Go Live By September - CoinDesk

    CoinDesk
    Hong Kong's Blockchain Trade Finance Platform to Go Live By September
    CoinDesk
    The Hong Kong Monetary Authority (HKMA), the autonomous Chinese territory's de facto central bank, is poised to launch a live blockchain trade finance platform within two months. "The Trade Finance Platform is a blockchain project initiated by 7 banks ...
    Hong Kong Monetary Authority to Launch Multi-Bank Blockchain Trade Finance PlatformCointelegraph
    Hong Kong launches blockchain-based trade financeFinancial
  • Is an Amazon Prime membership really worth it?

    For avid online shoppers, Amazon can seem like heaven on Earth. At the click of a button, you can find almost any item that comes to mind and have it delivered to your doorstep — and quickly. This level of convenience and affordability is what transformed the website from an online bookstore to an untouchable e-commerce giant.
    To keep up with the demand and public interest, the company launched Amazon Prime in 2005. This popular subscription service, which reached Canad
  • New mining fund raising R750m to co-finance ancillary mine projects - Creamer Media's Mining Weekly

    New mining fund raising R750m to co-finance ancillary mine projects
    Creamer Media's Mining Weekly
    JOHANNESBURG (miningweekly.com) – In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12 J Mining Fund is going all out to raise R750-million for co-investment in ancillary project ...
  • Namibia's finance minister says economy to grow by 1 pct in 2018 - Xinhua

    Namibia's finance minister says economy to grow by 1 pct in 2018
    Xinhua
    WINDHOEK, July 16 (Xinhua) -- Namibia's economy will expand by just over 1 percent this year and by 3 percent in the next three years, Finance Minister Calle Schlettwein said on Monday. The southern African nation's economy contracted by 1.1 percent in ...and more »
  • Macquarie Finance orders 20 Airbus A320neo jets - Reuters

    Reuters
    Macquarie Finance orders 20 Airbus A320neo jets
    Reuters
    FARNBOROUGH, England (Reuters) - European planemaker Airbus (AIR.PA) said on Monday leasing company Macquarie Finance had ordered 20 of its single-aisle A320neo jets in a deal worth about $2.2 billion at list prices. Airbus SE98.12. AIR.PAParis ...
  • Crypto Asset Monitoring Framework Presented To G20 Finance Ministers, Central Bank Chiefs - Forbes

    Forbes
    Crypto Asset Monitoring Framework Presented To G20 Finance Ministers, Central Bank Chiefs
    Forbes
    A crypto asset monitoring framework was presented to G20 finance ministers and central bank chiefs today by the Financial Stability Board and the Committee on Payments and Market Infrastructures (CPMI). The framework focuses on the transmission ...
    G20 Advisory Body Monitors Cryptocurrency, Releases ReportFinance Magnatesall 31 news articles »
  • Ministry of Finance sets new prices of cigarettes - Egypttoday

    Egypttoday
    Ministry of Finance sets new prices of cigarettes
    Egypttoday
    CAIRO – 16 July 2018: Minister of Finance Mohamed Ma'it issued the ministerial decree no. 288 of 2018 setting the prices of the sale of tobacco products, with the value added taxes (VAT) calculated. The ministry clarified in a press release Monday that ...and more »
  • Finance organizations are biggest digital transformation fans – three exemplars - Diginomica

    Diginomica
    Finance organizations are biggest digital transformation fans – three exemplars
    Diginomica
    Fujitsu reckons finance is ahead of the industry pack when it comes to digital transformation and three use cases back up the point. Eye in blue close-up with finance concept © Daniele Depascale - Fotolia.com It's the finance sector that is the most ...and more »
  • 'No Problem' Delaying Eletrobras Auction: Brazil Finance Minister - U.S. News & World Report

    U.S. News & World Report
    'No Problem' Delaying Eletrobras Auction: Brazil Finance Minister
    U.S. News & World Report
    SAO PAULO (Reuters) - Brazil's finance minister Monday told a newspaper on Monday that it could be best to delay a closely watched privatization of units of state-run utility Centrais Eletricas Brasileiras SA . In an interview, Finance Minister Eduardo ...and more »
  • The Finance 202: Trump's trade offensive is producing brutal local headlines - Washington Post

    Washington Post
    The Finance 202: Trump's trade offensive is producing brutal local headlines
    Washington Post
    THE TICKER. President Trump attends a working breakfast with Finnish President Sauli Niinisto in Helsinki on July 16 prior to his meeting with Russian President Vladimir Putin in the Finnish capital. (Pablo Martinez Monsivais/AP). Want more stories ...and more »
  • Finance & Operations Director - Accountancy Age

    Finance & Operations Director
    Accountancy Age
    LMC is a leading independent economic and business consultancy for the agribusiness and automotive sectors. The company is looking to fill the position of Finance & Operations Director to manage the financial and day-to-day operation of the business.
  • Namibia's economy to grow by 1 pct in 2018: finance minister - Reuters Africa

    Reuters Africa
    Namibia's economy to grow by 1 pct in 2018: finance minister
    Reuters Africa
    WINDHOEK (Reuters) - Namibia's economy will expand by at least 1 percent this year and by double that by 2020, Finance Minister Calle Schlettwein said on Monday, following a recession last year in a broad based contraction. A general view of the city ...
  • Banks warn about overheating UK asset finance market - Financial Times

    Financial Times
    Banks warn about overheating UK asset finance market
    Financial Times
    Executives and senior bankers at some of the UK's biggest lenders have warned about overheating in the £32bn asset finance market, as rising competition pushes down profit margins and encourages increasingly risky practices in the loosely regulated ...
  • China's Snowball Finance raises $120 million in Series D financing round - KrASIA

    KrASIA
    China's Snowball Finance raises $120 million in Series D financing round
    KrASIA
    Beijing-based Snowball Finance, China's major social investment website, has closed a US$120 million Series D financing round, with Ant Financial – an affiliate of the Alibaba Group – as a new strategic investor, according to a report by our parent ...and more »
  • Hospital workers protest austerity outside Finance Ministry - www.ekathimerini.com

    www.ekathimerini.com
    Hospital workers protest austerity outside Finance Ministry
    www.ekathimerini.com
    Members of the national union of public hospital workers (POEDIN) on Monday staged a protest outside the Finance Ministry over ongoing austerity. After being refused a meeting with Finance Minister Euclid Tsakalotos, protesters tried to force their way ...and more »
  • Former finance secretary Chan Ka-keung becomes latest minister to join fintech bandwagon - South China Morning Post

    South China Morning Post
    Former finance secretary Chan Ka-keung becomes latest minister to join fintech bandwagon
    South China Morning Post
    Chan Ka-keung, the former Secretary for Financial Services and the Treasury, has joined online lender WeLab as a senior adviser, the second top minister to join the budding fintech sector in as many months. Joining WeLab is Chan's first major private ...
  • Week ahead in business and finance - Telegraph.co.uk

    Telegraph.co.uk
    Week ahead in business and finance
    Telegraph.co.uk
    The boardroom battle at Premier Foods will take centre stage this week as activist investor Oasis Management attempts to oust boss Gavin Darby. Tom Rees. 15 July 2018 • 11:50pm. Follow. We're currently experiencing technical difficulties. If this ...and more »
  • 700 new jobs in finance predicted - Jersey Evening Post

    Jersey Evening Post
    700 new jobs in finance predicted
    Jersey Evening Post
    BUSINESS confidence is growing in Jersey's finance sector and 700 new jobs are likely to be generated over the next three years, the head of the body representing the industry has said. Subscribe to our daily newsletter. Sign Up. Jersey Finance chief ...
  • Director of Finance — NBIF - Huddle Today

    Director of Finance — NBIF
    Huddle Today
    WORKING AT NBIF. At the New Brunswick Innovation Foundation (NBIF), we strive to change the world one idea at a time. We make dreams come true by enabling innovators to turn their ideas into reality. Our talented team of professionals share a can-do ...
  • Getting your money back after splitting CPP

    Q: My mother and father were married for 24 years and divorced 16 years ago. At the time of applying to her pension, my mother applied for a pension split with my dad. She received pension splitting for three months prior to her death in Dec. 2016. I am the executor of my mother’s estate. My dad is now asking me to contact the CRA to get the portion of his pension back upon my mother’s death.
    Is it possible for my Dad to get his money back? How would we go about doing this? Does
  • JD.com's finance affiliate raises $2 billion, more than doubles valuation - Yahoo News Canada (blog)

    Yahoo News Canada (blog)
    JD.com's finance affiliate raises $2 billion, more than doubles valuation
    Yahoo News Canada (blog)
    By Kane Wu and Julie Zhu. HONG KONG (Reuters) - JD.com Inc's finance affiliate said on Thursday it has signed binding agreements with investors to raise 13 billion yuan ($1.96 billion) in fresh equity at a valuation of nearly $20 billion. The ...and more »
  • How rising interest rates actually affect you

    With the amount of debt Canadians carry and the state of housing markets in our largest cities, interest rates might be the most important financial factor that we regularly ignore. For almost a decade, that was fine. But they’ve just been raised for the fourth time in the past 12 months, and they probably won’t stop here. Canadians need to plan for a period of spiking rates that will impact everything from mortgages and lines of credit, to student loans, savings accounts, and invest
  • US disrupts Iran finance operation in UAE to squeeze Tehran - The Globe and Mail

    The Globe and Mail
    US disrupts Iran finance operation in UAE to squeeze Tehran
    The Globe and Mail
    The United States and the United Arab Emirates have broken up a network funneling illicit funds to Iran as Washington steps up a drive to restrict Iranian trade and access to hard currency in the region, a senior U.S. official said on Thursday. “We ...and more »
  • What the recent Bank of Canada interest rake hike means for you

    The Bank of Canada, as expected, raised its trend setting interest rate 0.25 per cent to 1.5 per cent. It is really an indication that the Canadian economy is doing well.
    The job market has improved as the country added 32,000 jobs in June. The increase also comes as the Bank looks to fight rising inflation which has risen above its 2 per cent target.
    This is the second rate increase of the year, though many economists think the Bank of Canada will be on hold for the rest of 2018 because of the
  • This woman wants to pay off her credit card — with limited income

    Kayla* is a 28-year-old single woman living in Victoria and working two jobs to get by — full-time at as an event manager for a not-for-profit organization and part-time at a café. Each month, she brings home roughly $2,500, sometimes up to $500 more, depending on how many hours she pulls at the café and how much she gets in tips. Her monthly rent and bills take up about half of her take-home pay, but she still feels constantly strapped for cash. “I’m trying
  • Bank of Canada Media Interview – La Presse

    Stephen S. Poloz, Governor of the Bank of Canada, gave an interview to La Presse. The story will be available online and in La Presse+: http://www.lapresse.ca/.
  • Bank of Canada raises key interest rate to 1.5%

    OTTAWA — The Bank of Canada raised its benchmark interest rate Wednesday in an economy that it predicts will remain resilient even as it faces an even bigger bite from deepening trade tensions.
    The rate hike was the central bank’s first interest rate move in six months and lifted the trend-setting rate to 1.5 per cent, up from 1.25 per cent. It was the bank’s fourth rate increase over the last 12 months.
    The decision, a move that will likely prompt Canada’s big banks to r
  • Bank of Canada Media Interview – The National Post

    Stephen S. Poloz, Governor of the Bank of Canada, gave an interview to The National Post. The story will be available online and in the newspaper: https://nationalpost.com/.
  • Bank of Canada raises overnight rate target to 1 ½ per cent

    The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent.
  • The right way to unwind your locked-in retirement account

    Q: I am at the age where I can transfer my LIRA into a LIF. What I am thinking of doing is to make a partial transfer except I am not sure that is allowed.
    For example, assume that my LIRA is $10,000 consisting of 10 dividend paying stocks. Can I move five of those dividend paying stocks into a LIF account and keep the other five in the LIRA?
    Dividends in the LIF would be enough to cover the minimum withdrawals from the LIF and would delay the need to sell investment and pull out capital.
  • How to fight about money and stay madly in love

    The way couples talk about money — and fight about it, inevitably — doesn’t depend on whether they’re married or not. There are good and bad ways to discuss topics as emotional as money, no matter where you are in your relationship.
    If you think this could be a serious long-term thing, you would be smart to start having hard money conversations now. Don’t avoid friction that could end up helping you learn valuable information about your partner— and your partn
  • Finance Department at risk of big-impact cyberattack: internal documents - The Globe and Mail

    The Globe and Mail
    Finance Department at risk of big-impact cyberattack: internal documents
    The Globe and Mail
    The federal Finance Department is facing a medium risk of a cyberattack that could deliver a significant blow to its ability to carry out some crucial government operations, says a newly released internal analysis. Finance, like other federal ...
    Finance Department Cyberattack Could Knock Critical Government Operations: DocumentsHuffPost Canada
    Finance Department at risk of big-impact
  • Monetary Policy Report - Press Conference (Webcasts) - July 2018

    Release of the Monetary Policy Report - Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins. (11:15 (ET) approx.).
  • Insuring yourself against cancer

    Q: What is cancer insurance, how does it differ from critical illness insurance, and how do I know if I qualify?
    —Julianne
    A: There are some key differences between Cancer Insurance and Critical Illness Insurance. For instance, Cancer Insurance only pays out if the insured is diagnosed with cancer. Critical Illness Insurance, on the other hand, pays out if the insured is diagnosed with cancer as well as other illnesses that can include stroke, heart attack, coma, paralysis, loss of h
  • The car I just bought needs a new engine. What do I do?

    Q: I purchased a used 2009 Volkswagen Tiguan for $12,000 from a dealer in Hamilton. All of the previous owner’s paperwork was left in the glove box. When I contacted him, he told me, “Get rid of that car, it’s a LEMON!”  He sold it for $5,800!
    After two weeks of driving, the car developed a coolant leak. Now the vehicle is sitting, not operable, and needs a new engine. The dealer’s mechanic who did the safety inspection also performs repairs. Di
  • Bell, Rogers slash Toronto internet prices to attract new customers

    Two of Canada’s biggest internet providers have slashed prices by about 45 per cent in the Toronto area for their most advanced offerings, but industry observers say such skirmishes are usually very local and short-lived.
    Bell Canada is offering a gigabit-per-second home internet package with unlimited data for $79.95 in parts of Toronto, down from $149.95, until the end of July.
    Rogers, for its part, currently has a limited time promotional offer on its gigabit-per-second service that dro
  • Life insurance to save you estate taxes

    Q: What is the best life insurance option to help offset taxes payable upon death?
    —Scott
    A: Good question, Scott. The best insurance option in this case really depends on whether you are single or married.
    If you are single an Individual Permanent Life Insurance policy is likely best. These policies cover you for your whole life—and some types can build cash value over time. The growth of cash value is generally on a tax-deferred basis, meaning that you pay no taxes on an
  • How this frugal Manitoba man spends $300 a month on groceries

    (Illustration by Lauren Cattermole)
    Name: Troy VothAge: 26Location: Altona, ManitobaOccupation: Marketing Advisor for agricultureFeeding: HimselfTake home monthly income: $3,000Monthly grocery spending approx: $200-300Grocery budget: NonePercentage of take-home pay spent on groceries: 10%Click here to view Troy’s full receiptTroy Voth doesn’t have a lot of options for purchasing groceries in his small town of around 5,000 people in Manitoba. There are only two stores in town —