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Tax Deductible Mortgage in Canada

Minister Morneau in Toronto to Highlight Lower Taxes for the Middle Class and People Working Hard to Join It

Today in Toronto, Minister of Finance Bill Morneau visited The Children's Book Bank to discuss the Government's recent proposal, announced on December 9, 2019, to lower taxes for the middle class, and people working hard to join the middle class, by increasing the Basic Personal Amount (BPA) to $15,000 by 2023. Source

Ambitious advisory firm in new acquisition

Wellington-Altus is buying Calgary-based TriVest Wealth Counsel Ltd. and making its first foray into the investment counsel portfolio manager (ICPM) side of the Canadian wealth management industry. Wellington-Altus, an independent advisory firm based in Winnipeg, has been consolidating a segment of the wealth management industry, though largely focused on IIROC businesses. They already hold $8.5 billion AUA and last month acquired Cresco Wealth Management and its $800 million AUM from Scotia Wealth Management. In acquiring TriVest, Wellington-Altus has entered the ICPM space, regulated by provincial securities commissions. It’s a business where PMs are often business owners with their own fiduciary...

Will Canadian capital markets disappoint investors in 2020?

Martha Porado  | December 11, 2019 While a recession may not be likely, institutional investors can expect dampened performance in many capital markets heading into 2020, according to Bill Yun, executive vice-president at Franklin Templeton’s multi-asset solutions business, at an event in Toronto on Tuesday. Forward-looking expectations for capital markets from Canadian government bonds to emerging market equities are all in positive territory, according to the investment firm’s 2020 outlook, but most are expected to be somewhat muted compared to their performances over the last 20 years, he said. “If you’re looking at your typical 60/40 portfolio, you may not be able to achieve...

Why companies must show investors the money

It’s time for companies to “show me the money”, with investors being urged to focus on quality over momentum heading into 2020. With equity markets still appealing, economic numbers good and central banks supportive, the outlook is on riding the wave for another year despite ongoing trade noise. Derek Massey, head of portfolio management at HSBC Global Asset Management Canada, does not forsee a recession next year but told WP there is a rotation happening in equity markets. Previously high-flying momentum companies are not performing as well, so firms with earnings, decent balance sheets and dividend payments are coming to...

Manulife announces investment management changes

Manulife Investment Management has announced significant changes to its Canadian Fixed Income team. Two experienced members of its team will retire in 2020. Terry Carr, senior managing director and chief investment officer of the Canadian Fixed Income team will retire on September 30 after a distinguished 33-year career in the investment industry, including 17 years at Manulife Investment Management, while Hosen Marjaee, senior managing director and senior portfolio manager, will also retire on March 31, 2020, after a notable 38-year career in the investment industry. "We sincerely thank Terry and Hosen for their many contributions over the years and their...

Tax Deductible Mortgage in Canada

Where do Canada's small businesses bank?

11, 2019 /CNW/ - With a market share of 20 per cent, Royal Bank of Canada ... "The vast majority of businesses in Canada – 99 per cent – are small. ... a variety of complementary services, from investment and retirement planning to ... Source

PSP portfolio company H2Power selling assets to Australian investment manager

Staff | December 10, 2019 H2O Power, in which the Public Sector Pension Investment Board is a shareholder, is selling its Canadian hydroelectric generation assets to TCorp. Through the transaction, the investment and financial management partner of the New South Wales public sector will hold a 49 per cent interest in H2O Power’s eight Canadian assets. Read: PSP Investments sells off Paris office building “We look forward to the next phase of H2O Power’s development alongside TCorp,” said Patrick Samson, managing director and head of infrastructure investments at the PSP, in a press release. “TCorp is a responsible investor, fully committed to stewardship and...