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! https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account/tax-deductions-fhsa-contributions.html
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?
nationalpost.com
'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,”
nationalpost.com
'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,”
canadiangeographic.ca
bc.ctvnews.ca
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.
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.
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.
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.
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.
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.
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.
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.
Personal Finance Canada
Italy approves 40% windfall tax on banks
mxwarp 1 year ago • 100%
Looks like they finally got the memo!
www.bnnbloomberg.ca
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. https://rationalreminder.ca/podcast-directory
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. https://rationalreminder.ca/podcast-directory
Personal Finance Canada
Italy approves 40% windfall tax on banks
mxwarp 1 year ago • 100%
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.
www.reuters.com
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.
• Monday: $PARA, $PLTR. • Tuesday: $DDOG, $TWLO, $UPS, $UPST, $RIVN. • Wednesday: $DIS $RBLX, $SONY, $TTD. • Thursday: $BABA, $CYBR.
CanadaPolitics
Can Canada prevail against big tech? | Rabble.ca
mxwarp 1 year ago • 100%
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.
mxwarp 1 year ago • 66%
Good bot
"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.
British Columbia
Wash your imported produce to avoid cyclospora infection amid spike, says BCCDC | CBC News
mxwarp 1 year ago • 100%
"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.
www.bnnbloomberg.ca
Plans to reduce its workforce were announced at the same time as the company revealed its second-quarter net income fell almost 61 per cent from the same period last year to $196 million. The company's net income amounted to 14 cents per share for the quarter ended June 30 compared with 34 cents per share in the same quarter a year earlier
www.apple.com
Apple today announced financial results for its fiscal 2023 third quarter ended July 1, 2023. The Company posted quarterly revenue of $81.8 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.26, up 5 percent year over year. Breakdown per cartegory: • iPhone: $39.669 billion (Down 2.4% YoY) • Mac: $6.840 billion (Down 7.3% YoY) • iPad: $5.791 billion (Down 19.8% YoY) • Wearables, home, and accessories: $8.284 billion (Up 2.5% YoY) • Services: $21.213 billion (Up 8.2% YoY)
qz.com
Apple announced that it now has 1 billion paying subscribers to its services and that revenue from these sales has reached an all-time high. In its third-quarter financial results, reported after the stock market closed on Aug. 3, Apple reported $21 billion in net sales for its services category out of $81 billion in total net sales, meaning that these subscriptions now account for a quarter of the Cupertino, California-based technology company’s total sales.
qz.com
Apple announced that it now has 1 billion paying subscribers to its services and that revenue from these sales has reached an all-time high. In its third-quarter financial results, reported after the stock market closed on Aug. 3, Apple reported $21 billion in net sales for its services category out of $81 billion in total net sales, meaning that these subscriptions now account for a quarter of the Cupertino, California-based technology company’s total sales.
ca.finance.yahoo.com
The national survey of 2,932 Canadians, conducted by Maru Public Opinion as part of the Canada's Most Respected Awards Program, found that Costco was the most respected food retailer in Canada for the second consecutive time.
ca.finance.yahoo.com
The national survey of 2,932 Canadians, conducted by Maru Public Opinion as part of the Canada's Most Respected Awards Program, found that Costco was the most respected food retailer in Canada for the second consecutive time.
www.cnbc.com
“There are some things people shouldn’t worry about,” he said. “This is one.” “Berkshire bought $10 billion in U.S. Treasurys last Monday. We bought $10 billion in Treasurys this Monday. And the only question for next Monday is whether we will buy $10 billion in 3-month or 6-month” T-bills, Buffett told CNBC. Buffett did note that the concerns are valid though but not enough to change his views on U.S. Treasurys and the dollar
www.cnbc.com
“There are some things people shouldn’t worry about,” he said. “This is one.” “Berkshire bought $10 billion in U.S. Treasurys last Monday. We bought $10 billion in Treasurys this Monday. And the only question for next Monday is whether we will buy $10 billion in 3-month or 6-month” T-bills, Buffett told CNBC. Buffett did note that the concerns are valid though but not enough to change his views on U.S. Treasurys and the dollar
Personal Finance Canada
Wednesday: Stock Market & Investments
www.bbc.com
Treasury Secretary Janet Yellen called the downgrade "arbitrary". “Fitch’s decision does not change what Americans, investors & people all around the world already know: that Treasury securities remain the world’s preeminent safe & liquid asset, and that the American economy is fundamentally strong,” Yellen has said.
www.bnnbloomberg.ca
“Continued migration to the province, along with our relative affordability, has supported the stronger demand for housing despite higher lending rates,” said Ann-Marie Lurie, the board's chief economist, in a news release. “At the same time, we continue to struggle with supply in the resale, new home and rental markets resulting in further upward pressure on home prices.”
Personal Finance Canada
This man had a 'poor' credit rating because of a glitch at Equifax. Now, he's warning others
mxwarp 1 year ago • 100%
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.
Until July 31st, 2024 https://horizonsetfs.com/ETF/hbnk/
ca.finance.yahoo.com
The Montreal-based bank says the portfolio it will nab is made up of about $1 billion in loan commitments, of which $325 million are outstanding. Much of the portfolio is focused on the technology, life science and global fund banking sectors and will be integrated into National Bank's technology and innovation banking group.
Company says an error is affecting some Meridian Credit Union customers
www.wsj.com
Purchase of shares from Tiger Global values Indian e-commerce company at about $35 billion
mxwarp 1 year ago • 100%
AMC Entertainment Holdings, Inc. is an American movie theater chain founded in Kansas City, Missouri, and now headquartered in Leawood, Kansas.
It is the largest movie theater chain in the world, owner of 940 theaters and 10,474 screens
mxwarp 1 year ago • 100%
Developer name for Raivo has been updated to Mobime on app stores, https://apps.apple.com/ca/app/raivo-authenticator/id1459042137
Personal Finance Canada
Tangerine is offering 5.5% on a 1.5 year GIC
mxwarp 1 year ago • 100%
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
Personal Finance Canada
Seeking advice to diversify credit and improve mortgage prospects for BC home purchase.
mxwarp 1 year ago • 100%
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!
Personal Finance Canada
Seeking advice to diversify credit and improve mortgage prospects for BC home purchase.
mxwarp 1 year ago • 100%
For anyone curious, here is what my current investment portfolio looks like,
Personal Finance Canada
Friday: ups & downs
mxwarp 1 year ago • 100%
250K
Personal Finance Canada
Friday: ups & downs
Personal Finance Canada
Friday: ups & downs
mxwarp 1 year ago • 100%
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. 😩
Personal Finance Canada
Tangerine Promo - 5.5% interest until November 30
Personal Finance Canada
Tangerine Promo - 5.5% interest until November 30
Personal Finance Canada
Tangerine Promo - 5.5% interest until November 30
mxwarp 1 year ago • 100%
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.
Personal Finance Canada
Tangerine Promo - 5.5% interest until November 30
mxwarp 1 year ago • 100%
What!? Those bastards only offered me 5.25% I should file a complaint with ombudsman for banking services /s
California
In major reform, California attorneys must report misconduct by their peers - Los Angeles Times
mxwarp 1 year ago • 100%
This is the way.
mxwarp 1 year ago • 100%
Something…something… free speech.
pics
mxwarp 1 year ago • 100%
Saw similar boats in Da Nang, beautiful city with pristine beaches!
mxwarp 1 year ago • 80%
Hello everyone!
I've set up megathreads for sharing referral codes in both communities. If you happen to have a WS referral code, feel free to drop it here!
Just to keep things fair and unbiased, I won't be joining in on the referral code sharing. Thanks a bunch!
mxwarp 1 year ago • 100%
I apologize if my sharing of market and stock related news articles has caused any discomfort. My only intention is to create more awareness around long-term investing and promote healthy community discussion so we can all learn from each other.
mxwarp 1 year ago • 100%
I sincerely apologize for posting affiliate links in both communities. It was an oversight on my part and I did not intend to violate any rules. I have removed the links as per your request. I appreciate your feedback and guidance on this matter.
Thank you, everyone!
mxwarp 1 year ago • 100%
Excellent news!
Lemmy.world Support
2FA should be disabled until it is implemented properly
mxwarp 1 year ago • 16%
It appears to be an isolated incident, and I suspect that Authy software might be the cause.
I’ve utilized automated 2FA with three different instances and have successfully logged back into them multiple times without any issues using 2FA codes. Have you considered trying a different 2FA code manager instead of Authy?
Lemmy.world Support
2FA should be disabled until it is implemented properly
mxwarp 1 year ago • 20%
I'm starting to suspect that you haven't experienced the convenience of automated 2FA key implementation. Instead of scanning a QR code, the website automatically prompts and opens your password manager to insert and set up the 2FA verification key.
This streamlined process not only saves time but also enhances security by eliminating any potential man-in-the-middle attack, as the website itself takes care of the necessary steps.
I highly recommend trying it sometime as it offers a remarkably seamless and secure experience.
Lemmy.world Support
2FA should be disabled until it is implemented properly
mxwarp 1 year ago • 25%
You can easily verify if 2FA is set up correctly during your next login. I'm having trouble identifying the problem in this situation.
Lemmy.world Support
2FA should be disabled until it is implemented properly
mxwarp 1 year ago • 66%
In iOS, the activation of 2FA is an automated process, eliminating the need for a separate 2FA code to confirm its enablement.
I agree with your observation regarding the unavailability of backup codes for download.
Lemmy.world Support
2FA should be disabled until it is implemented properly
mxwarp 1 year ago • 20%
No complaints here, Seemless integration of both password & 2FA with iCloud keychain!