I am a big fan, Grandma Wanda, of grandparents funding RESP accounts for their grandkids. I think it can be a great way to help your children indirectly, and it might be better than giving unnecessary gifts to your grandkids, especially once...
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Couche-Tard takes aim at Slurpee King Because I grew up in near Winnipeg, the Slurpee Capital of the World, I thought I knew everything the 7-Eleven universe had to offer. Then, I visited Japan and Thailand last year. I realized that I hadn’t...
Samsung, meanwhile, says its lithium ion batteries do best when kept above 50% charge. It advises against running the battery down. “Repeatedly allowing the battery to drain fully may shorten its life and decrease its overall capacity,” the company says in an online guide. “If...
How a reverse mortgage impacts your home equity Reverse mortgages, second mortgages and home equity lines of credit (HELOCs) provide three different ways to create cash flow from a house you own. Of these three options, however, only the reverse mortgage does not...
The company reported a net income of $16.6 billion. (All figures are in U.S. dollars.) Adjusted for one-time items, net income was $16.95 billion. Revenue rose to $30 billion, up 122% from a year ago and 15% from the previous quarter. By comparison,...
But picking a fixed mortgage rate can be problematic if you decide to sell your house and are forced to break your mortgage contract in the middle of your term. The penalties associated with breaking a fixed-rate mortgage can be very costly. Thankfully,...
While results outside the credit provisions looked better than expected, it wasn’t enough to outweigh concerns about the bank’s loan book, said Scotiabank analyst Meny Grauman in a note. “After a big credit-focused miss in Q2, the market was laser focused on...
Gifting some or all of a rental property The act of adding a name to a property itself does not give rise to capital gains tax. There’s a distinction between legal ownership (whose name is on title) and beneficial ownership (who technically owns...
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