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- Your Home - A Hidden Source Of Financing
(NC)-Your home is more than just a place to hang your hat. In addition to being a source of pride and protection, it can be a valuable source of equity. With interest rates still low, now may be a good time to consider a renovation, purchasing a new car or making some investments. The equity in yo ...
Author: News Canada
Category: business-finance - Make Your Money Work Year-Round
(NC)-For many Canadians, the only time they are prompted to think of their investments is during the winter months, primarily in response to RSP deadlines. However, investing regularly and putting your cash to work year round, reaps many more benefits including growth through compounding, improved c ...
Author: News Canada
Category: business-finance - Save Big On Your Mortgage
(NC)-Did you know that when you take out a fixed-rate mortgage, you're paying a big "safety premium"? That's because banks usually set their fixed rates at considerably higher levels than their variable rates. They do so to ensure that a fixed-rate mortgage will still be profitable for them if inter ...
Author: News Canada
Category: business-finance - How To Survive A Small Business Setback
(NC)-Business ups and downs are a part of an entrepreneur's life. But sometimes the downs can reach the point where they seriously threaten the survival of your business. Many factors can contribute to business difficulties. You may have been outflanked by a competitor, or have been blindsided by ...
Author: News Canada
Category: business-finance - Don't Make The Mistake Of Thinking A Will Is Not A Priority
(NC)-Did you know that many Canadians mistakenly believe that having a will is not a priority? Nothing could be further from the truth. In fact, a will is probably the most important document you will ever write. If you die without a will, the province in which you live will decide how to distribut ...
Author: News Canada
Category: business-finance - Business Legacy Less Important Than Comfortable Retirement, Say Business Owners
Half of Canadian entrepreneurs worry about retirement and succession planning, finds study (NC)-About half of Canadian owner-managers say they're concerned about retirement and succession planning, according to a recent study by Grant Thornton LLP. These business leaders say they're most focused on ...
Author: News Canada
Category: business-finance - Steering Your Way To Wealth
(NC)-When it comes to growing your net worth, one of the vehicles capable of moving you along the road to wealth is your investments. A roadmap, in the form of a good financial plan, and 'directions' from a knowledgeable financial adviser, can come in handy, too. "Once someone has decided to inves ...
Author: News Canada
Category: business-finance - Death And Taxes - Two Certainties Of Life
(NC)-There are no estate taxes or succession duties in Canada. However, taxes upon death have not disappeared. When a person dies, there is a 'deemed disposition' of all capital property. What does that mean? It means that the government treats all your property (unless jointly held) such stocks, bo ...
Author: News Canada
Category: business-finance - The Estate Planning Process
(NC) - How do I begin? Start by making a list of those you wish to remember in your Will. You will want to provide for your dependants first, but here is your chance to be creative. You can give a meaningful item to a favourite relative, honour a friend or arrange gifts to organizations and charitie ...
Author: News Canada
Category: business-finance - Financial Planning: Dismal Family Business Survival Stats Worrisome, Finds Study
Five steps to start a solid succession plan (NC)-The statistics are worrisome. About 70 per cent of family businesses never make it to the second generation, found a recent Grant Thornton research study. A stunning 90 per cent of family companies go bust before a third generation can take over the ...
Author: News Canada
Category: business-finance
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